Tips to Managerial Career in Business management
What does it take to have a managerial career?
Very well, you have invested in your career , demonstrated competence and are
now ready to reach a new step: business management. But, as you know,
management functions do not rely solely on technical knowledge. It is necessary to
prepare properly, because the title of manager comes loaded with great
In this post, you will better understand all that business management encompasses
and, of course, what you need to do to properly conduct a managerial position.
- What do you need to know to be a manager?
We have already said, but it never hurts to repeat: to be a manager, technical
knowledge is not enough. You can understand everything about finance and yet not
have the profile to be responsible for the financial management and also you have
to know some administrative skills. And nowadays the number
of administration courses were available online.
The manager essentially needs to have three different types of skills , or
● human beings;
Strategic competencies relate to the ability to set goals, plan, monitor progress,
identify and address potential risks. They require you not to focus only on the here
and now. Instead, you need a long-term perspective and a systemic view of the business
Meanwhile, human competencies are related to the ability to form a team, retain
and develop talent, eliminate conflict, stimulate employee motivation and
engagement. Not surprisingly, these skills are so valued by any employer. After all,
we live in the age of information and communication – and working alone at your
desk is no longer viable.
Already the technical skills are developed mainly during the undergraduate. But
what about the other two? Some people may say either you are born with them or
not. You have certainly heard someone be called an innate leader, for example. But
do not worry. Yes, it is possible to develop strategic and human competences.
One way is through experience. The other is by investing in a specifically targeted
course – such as a postgraduate degree or an MBA . We’ll talk more about the
advantages of these courses later.
- And to manage a business?
Be careful! In reality, there is a difference between them. While management is
strategic, management is operational. Or, to avoid confusion: while management is
macro, management is micro.
2.1. Understanding the difference between management and management
You can understand this difference through the following example.
Financial management will consider ways to optimize company profits, taking into
consideration the national and international economic scenario. Financial
management seeks optimization through changes and improvements in internal
business finance processes.
It is important to make it clear that we are simplifying, just so that you better
understand the meaning of macro and micro in this context.
Another important insight is that although management is strategic, it does not
dispense with technical skills. Similarly, although management is operational, you will need strategic competencies to perform it. The only difference is in the focus
In addition, note that in most areas there is no distinction between management and
management in the organizational structure of companies. One possible exception
is project management, as projects usually occur at the micro level.
In the past, there was the Director and Manager; however, organizations are trying
to keep a leaner picture. Therefore, today, the same person is usually responsible
for two dimensions: the macro and the micro. This means that you must develop
both visions to be a good manager.
2.2. About business management
Now that you have a little better understanding of the difference between
management and management, let’s answer the real question in this item. What do I
need to know to manage a sector or a company?
For business management, the knowledge required is closely linked to
optimization, productivity, efficiency. After all, if you are concerned about
operations, your primary focus should be on eliminating bottlenecks and
consolidating a proper workflow, getting the best results but without compromising on quality.
Although the term “operation” is associated with the shop floor, be aware that the
practices mentioned can be applied in any industry.
In fact, one of the problems encountered by managers in administrative sectors is
precisely the lack of attention to management. They are very concerned about the
strategic issue, but fail to achieve their goals because they forget to solve small
obstacles that are in the micro dimension at the operations level.
- After all, what is business management?
Let’s dig deeper into the subject? Business management is an activity focused on
ensuring the best results for the company and, of course, for the stakeholders – those interested in the success of the business.
Keep in mind that stakeholders are not just owners or shareholders, but also
customers, suppliers, business partners and even the employees themselves. That’s
why the manager has such a responsibility, because he looks after the interests of
many people who depend on the company.
To achieve its goal, the manager is not alone. There is no manager without staff
and of course that is why he is clearly associated with leadership.
The role of a leader has changed a lot over time – today he can be understood
primarily as an aggregating and facilitating figure.
Basically, the manager (or leader) seeks to make room and eliminate obstacles, so
that each employee works by putting his or her full potential into action. In
addition, a good leader also knows how to delegate activities correctly and is
willing to listen to the opinions of the often divergent team.
Quite different from the authoritarian and centralizing image of decades ago, isn’t
it? In organizations that are more aligned with the reality of Generation Y, even
decisions are not completely centralized in the manager’s hand, as employees can
bring extremely useful perspectives when setting a goal or strategy.