business manager

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.

ESCO Code

1213.5

NACE Code

70.1 - Activities of head offices

Alternative Labels

general manager

operations manager

team manager

vice-president

business unit manager

corporate service manager

business coordinator

commercial specialist

Regulatory Aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:

http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Narrower occupations

- branch manager

Skills & Competences

Essential Skills and Competences

abide by business ethical code of conducts analyse business plans analyse business processes apply business acumen assume responsibility for the management of a business build business relationships collaborate in company's daily operations conclude business agreements control financial resources create a financial plan create a work atmosphere of continuous improvement develop business plans develop company strategies develop revenue generation strategies ensure lawful business operations exercise stewardship follow company standards integrate strategic foundation in daily performance liaise with managers make strategic business decisions manage staff negotiate with stakeholders plan medium to long term objectives recruit employees strive for company growth track key performance indicators

Essential Knowledge

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

Optional Skills and Competences

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

Optional Knowledge

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

Skills Group Share

Concept status

Concept Uri

http://data.europa.eu/esco/occupation/544cd9cf-e2ee-4ac0-8a02-7147af6b97d7

Status

released

Occupations