Business Manager Chief Executives & Legislators
SaveWhat Does a Business Manager Do?
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.
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Where Do I Start?
Business Law
The field of law concerned with the trade and commerce activities of businesses and private persons and their legal interactions. This relates to numerous legal disciplines, including tax and employment law.
Sign up to trackReady to go deeper? Pick up to 3 skills to focus on from the list below.
These are common skills for this role. Real-world experience matters more than ticking every box — use this as a guide, not a checklist.
Skills You Need to Become a Business Manager
Essential Skills
Essential Skills
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EssentialBusiness Law knowledge
The field of law concerned with the trade and commerce activities of businesses and private persons and their legal interactions. This relates to numerous legal disciplines, including tax and employment …
Recommended Books
5 books -
EssentialStrategic Planning knowledge
The elements defining the foundation and core of an organisation such as its mission, vision, values, and objectives.
Recommended Books
3 booksRoutledge Handbook of Planning and Management of Global Strategic Infrastructure Projects -
EssentialCorporate Social Responsibility knowledge
The handling or managing of business processes in a responsible and ethical manner considering the economic responsibility towards shareholders as equally important as the responsibility towards environmental and social stakeholders.
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EssentialCost Management knowledge
The process of planning, monitoring and adjusting the expenses and revenues of a business in order to achieve cost efficiency and capability.
Recommended Books
1 book -
EssentialBusiness Management Principles knowledge
Principles governing business management methods such as strategy planning, methods of efficient production, people and resources coordination.
Recommended Books
2 books -
EssentialCompany Policies knowledge
The set of rules that govern the activity of a company.
No book recommendations available yet.
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EssentialFinancial Forecasting knowledge
The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.
No book recommendations available yet.
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EssentialAbide By Business Ethical Code Of Conducts skill
Course recommendations coming soon.
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EssentialAnalyse Business Objectives skill
Study data according to business strategies and objectives and make both short-term and long-term strategic plans.
Course recommendations coming soon.
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EssentialAnalyse Business Processes skill
Study the contribution of the work processes to the business goals and monitor their efficiency and productivity.
Course recommendations coming soon.
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EssentialApply Business Acumen skill
Take appropriate actions in a business environment in order to maximise possible outcome from each situation.
Course recommendations coming soon.
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EssentialAssume Responsibility For The Management Of A Business skill
Course recommendations coming soon.
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EssentialBuild Business Relationships skill
Establish a positive, long-term relationship between organisations and interested third parties such as suppliers, distributors, shareholders and other stakeholders in order to inform them of the organisation and its objectives.
Course recommendations coming soon.
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EssentialControl Financial Resources skill
Monitor and control budgets and financial resources providing capable stewardship in company management.
Course recommendations coming soon.
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EssentialCreate A Financial Plan skill
Develop a financial plan according to financial and client regulations, including an investor profile, financial advice, and negotiation and transaction plans.
Course recommendations coming soon.
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EssentialCreate A Work Atmosphere Of Continuous Improvement skill
Work with management practices such as continuous improvement, preventive maintenance. Pay attention to problem solving and teamwork principles.
Course recommendations coming soon.
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EssentialDevelop An Organisational Structure skill
Create and develop the organisational structure of a group of people working together to realise the goals of the organisation.
Course recommendations coming soon.
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EssentialDevelop Business Plans skill
Plan, write and collaborate in the implement business plans. Include and foresee in the business plan the market strategy, the competitive analysis of the company, the design and the development …
Course recommendations coming soon.
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EssentialDevelop Company Strategies skill
Envision, plan, and develop strategies for companies and organisations aimed at achieving different purposes such as establishing new markets, refurbishing the equipment and machinery of a company, implementing pricing strategies, …
Course recommendations coming soon.
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EssentialDevelop Revenue Generation Strategies skill
Elaborate methodologies through which a company markets and sells a product or service to generate income.
Course recommendations coming soon.
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EssentialFollow Company Standards skill
Lead and manage according to the organisation's code of conduct.
Course recommendations coming soon.
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EssentialGet Involved In The Day-To-Day Operation Of The Company skill
Collaborate and perform hands-on work with other departments, managers, supervisors, and workers in different aspects of the business from preparing accounting reports, envisioning the marketing campaigns up to having contact …
Course recommendations coming soon.
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EssentialHire New Personnel skill
Hire new personnel for a company or organisation payroll via a prepared set of procedures. Make staffing decisions and direct selection co-workers.
Course recommendations coming soon.
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EssentialIntegrate Strategic Foundation In Daily Performance skill
Reflect on the strategic foundation of companies, meaning their mission, vision, and values in order to integrate this foundation in the performance of the job position.
Course recommendations coming soon.
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EssentialLiaise With Managers skill
Liaise with managers of other departments ensuring effective service and communication, i.e. sales, planning, purchasing, trading, distribution and technical.
Course recommendations coming soon.
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EssentialMake Strategic Business Decisions skill
Analyse business information and consult directors for decision making purposes in a varied array of aspects affecting the prospect, productivity and sustainable operation of a company. Consider the options and …
Course recommendations coming soon.
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EssentialManage Staff skill
Manage employees and subordinates, working in a team or individually, to maximise their performance and contribution. Schedule their work and activities, give instructions, motivate and direct the workers to meet …
Course recommendations coming soon.
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EssentialNegotiate With Stakeholders skill
Negotiate compromises with stakeholders and strive to reach the most beneficial agreements for the company. May involve building relationships with suppliers and customers, as well as ensuring products are profitable.
Course recommendations coming soon.
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EssentialPlan Health And Safety Procedures skill
Set up procedures for maintaining and improving health and safety in the workplace.
Course recommendations coming soon.
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EssentialPlan Medium To Long Term Objectives skill
Schedule long term objectives and immediate to short term objectives through effective medium-term planning and reconciliation processes.
Course recommendations coming soon.
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EssentialStrive For Company Growth skill
Develop strategies and plans aiming at achieving a sustained company growth, be the company self-owned or somebody else's. Strive with actions to increase revenues and positive cash flows.
Course recommendations coming soon.
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EssentialTrack Key Performance Indicators skill
Identify the quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their operational and strategic goals, using preset performance indicators.
Course recommendations coming soon.
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EssentialConclude Business Agreements skill
Negotiate, revise, and sign mercantile and business documents such as contracts, business agreements, deeds, purchases and wills, and bills of exchange.
Course recommendations coming soon.
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EssentialEnsure Lawful Business Operations skill
Comply with legislation in the daily operations of a company
Course recommendations coming soon.
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EssentialExercise Stewardship skill
Exercise stewardship to ensure the efficient and responsible planning and management of resources.
Course recommendations coming soon.
Optional Skills (5 of 49 displayed)
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OptionalHuman Resource Management knowledge
The function in an organisation concerned with the recruitment of employees and the optimisation of employee performance.
Recommended Books
5 books -
OptionalAccounting knowledge
The documentation and processing of data regarding financial activities.
Recommended Books
5 booksBookkeeping Guidebook: Third Edition: A Practitioner's GuideAuthor's Business and Financial Handbook -
OptionalBusiness Process Modelling knowledge
The tools, methods and notations such as Business Process Model and Notation (BPMN) and Business Process Execution Language (BPEL), used to describe and analyse the characteristics of a business process …
Recommended Books
3 booksBusiness Process Management -
OptionalFinancial Management knowledge
The field of finance that concerns the practical process analysis and tools for designating financial resources. It encompasses the structure of businesses, the investment sources, and the value increase of …
Recommended Books
2 booksFinancial Management: A Risk Management Approach -
OptionalSupply Chain Management knowledge
The flow of goods in the supply chain, movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.
Recommended Books
2 books -
OptionalInternational Trade knowledge
The economic practise and study field that address the exchange of goods and services across geographic borders. The general theories and schools of thought around the implications of international trade …
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OptionalProject Management knowledge
Understand project management and the activities which comprise this area. Know the variables implied in project management such as time, resources, requirements, deadlines, and responding to unexpected events.
Recommended Books
2 books -
OptionalMarketing Management knowledge
The academic discipline and function in an organisation which focuses on the market research, market development, and the creation of marketing campaigns to raise awareness on the company's services and …
Recommended Books
2 books -
OptionalBanking Activities knowledge
The broad and continuously growing banking activities and financial products managed by banks ranging from personal banking, corporate banking, investment banking, private banking, up to insurance, foreign exchange trading, commodity …
Recommended Books
1 book -
OptionalBusiness Loans knowledge
Loans which are intended for business purposes and which can either be secured or unsecured depending on whether a collatoral is involved. The different types of business loans such as …
No book recommendations available yet.
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OptionalMarket Entry Planning knowledge
The processes contained in the pursuit of entering a new market such as researching the market, segmentation, defining the target groups, and developing a viable financial business model to approach …
No book recommendations available yet.
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OptionalMarketing Principles knowledge
The principles of managing the relationship between consumers and products or services for the purpose of increasing sales and improving advertising techniques.
Recommended Books
1 book -
OptionalCorporate Law knowledge
The legal rules that govern how corporate stakeholders (such as shareholders, employees, directors, consumers, etc) interact with one another, and the responsibilities corporations have to their stakeholders.
No book recommendations available yet.
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OptionalFinancial Jurisdiction knowledge
Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction
No book recommendations available yet.
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OptionalFinancial Statements knowledge
The set of financial records disclosing the financial position of a company at the end of a set period or of the accounting year. The financial statements consisting of five …
No book recommendations available yet.
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OptionalSubsidiary Operations knowledge
The coordination, processes, and operations revolving around the management of subsidiaries either nationally or internationally. The integration of strategic guidelines coming from the headquarters, consolidation of financial reporting, and abidance …
No book recommendations available yet.
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OptionalAlign Efforts Towards Business Development skill
Synchronise the efforts, plans, strategies, and actions carried out in departments of companies towards the growth of business and its turnover. Keep business development as the ultimate outcome of any …
Course recommendations coming soon.
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OptionalAnalyse Business Plans skill
Analyse the formal statements from businesses which outline their business goals and the strategies they set in place to meet them, in order to assess the feasibility of the plan …
Course recommendations coming soon.
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OptionalAnalyse Financial Risk skill
Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.
Course recommendations coming soon.
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OptionalAnalyse Market Financial Trends skill
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
Course recommendations coming soon.
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OptionalCreate A Financial Report skill
Finalise project accounting. Prepare an actual budget, compare the discrepancy between the planned and actual budget, and draw final conclusions.
Course recommendations coming soon.
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OptionalDelegate Activities skill
Delegate activities and tasks to others according to the ability, level of preparation, competence and legal scope of practice. Make sure that people understand what they should do and when …
Course recommendations coming soon.
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OptionalDevelop Organisational Policies skill
Develop and supervise the implementation of policies aimed at documenting and detailing the procedures for the operations of the organisation in the lights of its strategic planning.
Course recommendations coming soon.
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OptionalDevelop Professional Network skill
Reach out to and meet up with people in a professional context. Find common ground and use your contacts for mutual benefit. Keep track of the people in your personal …
Course recommendations coming soon.
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OptionalEvaluate Performance Of Organisational Collaborators skill
Evaluate the performance and results of managers and employees considering their efficiency and effectivity at work. Consider personal and professional elements.
Course recommendations coming soon.
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OptionalExecute Marketing Plan skill
Carry out all the activities involved in achieving specific marketing objectives within a given timeframe.
Course recommendations coming soon.
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OptionalFollow The Statutory Obligations skill
Understand, abide by, and apply the statutory obligations of the company in the daily performance of the job.
Course recommendations coming soon.
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OptionalImpart Business Plans To Collaborators skill
Diffuse, present, and communicate business plans and strategies to managers, employees making sure that objectives, actions, and important messages are properly conveyed.
Course recommendations coming soon.
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OptionalKeep Updated On The Political Landscape skill
Read, search, and analyse the political situation of a region as a source of information applicable for different purposes such as information, decision-making, and management, and investments.
Course recommendations coming soon.
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OptionalLiaise With Local Authorities skill
Maintain the liaison and exchange of information with regional or local authorities.
Course recommendations coming soon.
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OptionalMaintain Relationship With Customers skill
Build a lasting and meaningful relationship with customers in order to ensure satisfaction and fidelity by providing accurate and friendly advice and support, by delivering quality products and services and …
Course recommendations coming soon.
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OptionalManage Budgets skill
Plan, monitor and report on the budget.
Course recommendations coming soon.
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OptionalManage Contracts skill
Negotiate the terms, conditions, costs and other specifications of a contract while making sure they comply with legal requirements and are legally enforceable. Oversee the execution of the contract, agree …
Course recommendations coming soon.
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OptionalManage Financial Risk skill
Predict and manage financial risks, and identify procedures to avoid or minimise their impact.
Course recommendations coming soon.
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OptionalOversee Quality Control skill
Course recommendations coming soon.
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OptionalPrepare Financial Statements skill
Collect, entry, and prepare the set of financial records disclosing the financial position of a company at the end of a certain period or accounting year. The financial statements consisting …
Course recommendations coming soon.
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OptionalShow An Exemplary Leading Role In An Organisation skill
Perform, act, and behave in a manner that inspires collaborators to follow the example given by their managers.
Course recommendations coming soon.
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OptionalSpeak Different Languages skill
Master foreign languages to be able to communicate in one or more foreign languages.
Course recommendations coming soon.
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OptionalSynthesise Financial Information skill
Collect, revise and put together financial information coming from different sources or departments in order to create a document with unified financial accounts or plans.
Course recommendations coming soon.
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OptionalDescribe The Financial Situation Of A Region skill
Consider a number of variables such as political, social, and economic in order to analyse and describe a region or country from a financial standpoint.
Course recommendations coming soon.
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OptionalEstablish Communication With Foreign Cultures skill
Strive to understand the cultural codes of the society where the company operates and to establish a solid communication and mutual understanding with its members.
Course recommendations coming soon.
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OptionalIntegrate Headquarter's Guidelines Into Local Operations skill
Understand and implement the guidelines and objectives provided by the headquarters of a company into the local management of a company or subsidiary. Adapt guidelines to the regional reality.
Course recommendations coming soon.
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OptionalInteract With The Board Of Directors skill
Present the results of the company, answer questions in regards to the organisation, and receive guidelines on the future perspectives and plans for the company.
Course recommendations coming soon.
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OptionalManage Office Facility Systems skill
Keep management and service ability of the various office systems needed for the smooth and daily operation of the office facilities such as internal communication systems, softwares of common use …
Course recommendations coming soon.
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OptionalProspect New Regional Contracts skill
Identify and win regional contracts/tenders for expanding stores.
Course recommendations coming soon.
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OptionalReport On Overall Management Of A Business skill
Prepare and present periodic reports on the operations, achievements, and results obtained during certain period to higher level managers and directors.
Course recommendations coming soon.
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OptionalShape Corporate Culture skill
Observe and define the elements in the corporate culture of a company in order to reinforce, integrate and shape further the codes, values, beliefs and behaviours aligned with the company's …
Course recommendations coming soon.
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OptionalShape Organisational Teams Based On Competencies skill
Study the profiles of collaborators and decide the best place for directors and collaborators following an strategic mindset and serving to the goals of the company.
Course recommendations coming soon.
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OptionalShare Good Practices Across Subsidiaries skill
Investigate and document good practices and knowledge rendering a superior productivity in order to spread it in other departments or subsidiaries of the organisation.
Course recommendations coming soon.