How to Become a General Manager(22 courses)
What do I need to study to become a General Manager?
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Definition of General Manager
General Managers are usually in charge of a department within a company, though in small companies they may also be classed as a higher executive, and commonly rank above most employees but below corporate-level executives. The responsibilities associated with the position will vary from company to company depending on the organisationâ€™s corporate structure.
Overseeing many aspects of a company, General Managers are responsible for effective planning and decision making, evaluating and coordinating staff, setting policies and operations and also creating and maintaining budgets.
A General Manager is also in charge of managing revenue and cost aspects of an organisationâ€™s income, or profit and loss (P&L) as well as being accountable for company performance and efficiency, sales, marketing and day to day operations.
What are the responsibilities of a General Manager ?
- Planning and developing policies and objectives for an organisation or company.
- Setting company standards and providing day-to-day management and direction.
- Assessing situations and responding to changes by issuing instructions and directives to staff.
- Preparing and requisitioning reports, forecasts and budget outlines for presentation to governing bodies.
- Overseeing and managing the hiring and performance of staff members.
- Endorsing and maintaining policies aimed at achieving objectives and maximising profit and efficiency.
- Authorising funding for policy and program implementation
- Consulting and advising staff and department heads on methods of operation, finance and sales, equipment requirements and human resources.
- Providing company representation at official events, conventions, forums and seminars and in negotiations and public hearings.
Career Outlook for General Manager
The average age of people working as is 48 with 71.80% of them being male. 91.10% of are employed full-time and they typically work around 46.3 hours per week.
Unemployment is average and, with A Bachelor Degree or higher, the average Community Worker can earn around $2,250 per week Before Tax. In 2015 there were 51,200 working and the future growth of the profession is predicted to be strong, with numbers around 59,100 in 2020.