§ OCCUPATION · GLOBAL STANDARDS

business manager

Description

Business managers are responsible for setting the objectives of the business unit of a company, creating a plan for the operations, and facilitating the achievement of the objectives and implementation of the plan together with employees of the segment and stakeholders. They keep an overview of the business, understand detailed information of the business unit and support the department, and make decisions based on the information at hand.

Theoretical Knowledge

ESSENTIALTheoretical knowledge required

company policies business law business management principles risk identification cost management corporate social responsibility business communication strategic planning financial forecasting

OPTIONALAdjacent knowledge that strengthens fit

marketing management project management human resource management supply chain management financial statements accounting financial management corporate law business process modelling international trade financial jurisdiction marketing principles banking activities business loans market entry planning subsidiary operations

Practical Skills

OPTIONALOptional competences

create a financial report oversee quality control liaise with local authorities manage contracts analyse financial risk execute marketing plan establish communication with foreign cultures manage office facility systems follow the statutory obligations describe the financial situation of a region integrate headquarter's guidelines into local operations report on overall management of a business prospect new regional contracts plan health and safety procedures analyse market financial trends share good practices across subsidiaries interact with the board of directors organise participation in local or international events speak different languages shape organisational teams based on competencies evaluate performance of organisational collaborators maintain relationship with customers impart business plans to collaborators shape corporate culture manage relationships with stakeholders synthesise financial information prepare financial statements develop organisational policies keep updated on the political landscape manage budgets develop professional network align efforts towards business development manage financial risk

Data Source: Unified Global Standards (ISCED, ISCO, O*NET, ESCO)