1. Business Managers- Job Outlook
Κόττη Παρασκευή (Εύη)
Α’ Εξάμηνο - ΣΔΟ -
ΤΕΙ ΚΡΗΤΗΣ

2. Types of Business
1. Service Business (professional skills, expertise, advice)
Ex. repair shops, schools, banks, accounting firms, law firms.
2. Merchandising Business ("buy and sell" business)
Ex. grocery stores, convenience stores.
3. Manufacturing Business (raw materials, labour, and factory overhead)
4. Hybrid Business (fall into more than one category)

3. Business Size Small (<50 employees) Medium (50 - 249 employees)
Large (≥ 250 employees)
Small and Medium Enterprises =
Small and Medium-sized Enterprises (SMEs) =
Small and Medium-sized Businesses (SMBs)

4. The role of a Business Manager
Highly contributes to the business’s
profitability and
viability

5. Job Duties - 1
1. Assists companies in reaching goals & objectives: sales, productivity, profitability;
2. Supervises a certain/all department(s);
3. Directs the overall operation of a business;
4. Analyses data;
5. Makes crucial decisions;
6. Hires, trains, assesses employees’ performance;

6. Job Duties - 2 7. Ensures that company financial goals are met;
8. Develops and implements budgets;
9. Prepares reports;
10. Ensures the company has adequate & suitable resources (people, material, equipment);
11. Negotiates with staff and clients;
12. Motivates workers and provides feedback.

7. Areas of Specialisation
Finance, accounting, auditing, budgeting, purchasing, sales, marketing,
public relations, research,
operations analysis, data processing, mathematics, statistics, economics, production, organisational behaviour

8. Working Conditions & Salary
Competitive atmosphere & Negotiation
Frequent meetings & travelling
Overtime work & irregular hours
Must meet strict deadlines
High salary & Good benefits
Secretary, Assistants & Support staff

9. Preferred performance-based Bonus

10. Education & Training Small business: BA in Business Administration;
Work their way up.
Large business:
Often, a Master’s degree;
Managerial experience.

11. Sources: https://www.softwareadvice.com/resources/best-company-bonus
structure/
manager-salary

12. Business Manager - Job Outlook
Thank you!