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People who work in management oversee the administration of an organization or group of people. These roles often involve setting strategies and coordinating the efforts of employees to achieve certain objectives. They are primarily concerned to the coordination, allocation, and distribution of resources, whether they be financial, personal, or technological.
Most management roles are split up into three levels: senior, middle, and lower. Senior managers are usually members of a board of directors, or in an executive position, like a CEO or president. They oversee setting the strategic direction of the organization and provide guidance to middle management. Middle managers include roles like branch or section managers. They are responsible for managing divisions within an organization. Lower managers include roles like team leaders who oversee and manage the work of regular employees.
Most management roles involve identifying a mission or goal that will contribute to the success of the organization. They usually involve some measure of planning, organizing, commanding, coordinating, and controlling either people and/or resources. In for-profit enterprises, a defining aspect of a management role is satisfying stakeholders through the artful arrangement of the company’s/division’s/team’s resources.
Most people don’t require a formal education or training to take up a management role. Depending on the organization, it’s possible to be promoted from a regular employee into a management role. Many managers often undergo on-the-job training when promoted in order to pick up new management skills. However, there are many institutions that offer management degrees if you’d like management to be your area of specialization. Major management degrees include the Bachelor of Commerce (B.Com), Bachelor of Business Administration (BBA), Master of Business Administration (MBA), Master in Management (MScM), and Master of Public Administration (MPA).
People who have management education, training, or experience can potentially work in any organization. Many managers start out as team leaders and go on to work themselves up through one or several organizations to more senior roles. The end goal for many who choose a management career path is to end up in senior management role, where you can set the direction of an entire company.
As someone in a management role, you’ll have direct control and responsibility over the resources under you. This allows you to set a direction and work towards it, which many people find incredibly rewarding. Management salaries are a lot higher than those of the average employee. Plus, managers often enjoy an increased status within the organization. As a manager, you’ll also be in charge of guiding and mentoring the people below you.
As someone in a management role, you’re responsible for everything that happens under your watch, and that pressure can be stressful. Managers are often required to manage conflict within a team. As a manager, you won’t be as connected to other employees as you may like, as there is a professional distance that comes with so much responsibility and authority. Also, management is a fundamentally social act that requires constant interaction, negotiation, and persuasion. If you prefer to work alone, a management role might not be for you.