In this article, learn more about executive management positions. Just continue reading to have more ideas.
Introduction about Executive Management Positions
Executive management positions are the most important and the most difficult positions in an organization. Each position in this category is responsible for a specific part of the business they manage. The basic responsibilities of these positions are to develop and implement strategies and policies of the organization, to direct and oversee activities in their areas, and to ensure that the organization meets its objectives.
There is no specific career path in an executive management position. Executives usually start in a lower position in an organization and later move up to higher positions. Executives need to have the ability to understand how each department contributes to the overall performance of the organization so that they can do their jobs well.
Executive Management Positions
Businesses have many different kinds of executives, but this article will focus on two kinds of executives: general managers and functional managers.
What are General Managers?
General managers are responsible for an overall segment of a company’s operation. They usually have authority over all aspects of their respective departments, which include finance, production, marketing, human resources, research and development, information technology, etc. They usually report to top management or owners of the companies.
A general manager has three main areas of responsibility: planning, organizing, and controlling.
1. Planning
This involves analyzing market conditions to establish objectives for the future development of their departments.
2. Organizing
This involves identifying factors that should be considered in setting up structures for their departments as well as ways to motivate employees who will be working under them.
3. Controlling
This involves monitoring whether plans are being carried out as expected. This includes evaluating performance against objectives set for each department as well as ensuring that material resources are being used effectively.
What are Functional Managers?
Functional managers ensure that their departments carry out activities according to the organization’s plans and objectives. They usually implement the policies and decisions of their respective top management. They take charge of all activities related to their particular functional areas. Also, they are directly involved in the day-to-day operations of their departments.
1. Finance
A finance manager is responsible for planning, organizing, and controlling financial activities in an organization.
2. Production
A production manager is responsible for planning, organizing, and controlling production activities in an organization.
3. Marketing
A marketing manager is responsible for planning, organizing, and controlling marketing activities in an organization.
4. Human Resources or Personnel Management
A human resource manager is responsible for planning, organizing, and controlling human resource management activities in an organization. He arranges for hiring people for different positions within an organization, including recruitment, selection, promotion, training, compensation, benefits, and labor relations. He also provides the needed support for workers so they can perform their work effectively. Also, he carries out performance appraisals for employees so that they can improve themselves to meet the standards set by the company.
5. Information Technology or Information Systems Manager
An information technology manager is responsible for planning, organizing, and controlling information technology activities in an organization. He manages the hardware, software, networks, and data of the company. He also provides the IT infrastructure for all departments in the organization.
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