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What is Business Management?

Management in business and human organization activity, in simple terms means the act of getting people together to accomplish desired goals. Management comprises planning, organizing, resourcing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.

Management can also refer to the person or people who perform the act(s) of management.

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What are the Career Paths in Business Management?

This path leads to:

Typical roles: General and Operations Managers, Sales Managers, Computer Programmers, Management Analysts, Lawyers, Chief Executives, Marketing Managers, Computer and Information Systems Managers, Construction Managers, Military Officer Special and Tactical Operations Leaders/Managers, All Other

Typical tasks:

  • Analyze data gathered and develop solutions or alternative methods of proceeding.
  • Examine legal data to determine advisability of defending or prosecuting lawsuit.
  • Perform administrative and management functions related to the practice of law.
  • Direct and coordinate activities of businesses or departments concerned with production, pricing, sales, or distribution of products.
  • Administer programs for selection of sites, construction of buildings, and provision of equipment and supplies.
  • Prepare bylaws approved by elected officials and ensure that bylaws are enforced.
  • Evaluate the financial aspects of product development, such as budgets, expenditures, research and development appropriations, and return-on-investment and profit-loss projections.
  • Conduct economic and commercial surveys to identify potential markets for products and services.
  • Inspect and review projects to monitor compliance with building and safety codes, and other regulations.
  • Develop and implement quality control programs.

Getting In

  • business process management
  • knowledge management
  • coaching
  • improvement
  • performance
  • industry

Credentials

This graph shows the rate of academic degree attainment in this industry.

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Business Management