|
Management today is one of the most sought careers for the aspirants in the employment market with opportunity in diverse fields/spheres with good remuneration, status and scope for professional and personal growth. Moreover, in this profession where results count more than years of experience, bright and hardworking young people can rise to top positions quickly. Skilled managers are in high demand regardless of the industry, the most important skill any professional could possess is the ability to effectively manage others. Consequently, management professionals with the right experience and credentials are some of the highest paid professionals in the world.
Areas of work in management
Professional managers, depending on individual skill and
specilization, usually operate within one of the defined functional areas. These might vary slightly from organization to organization.
-
Finance include Commercial Banking, Corporate Finance, Financial Planning, Insurance, Investment Banking, Money Management, Real Estate, Mutual Funds, Marketing of Financial Products, Foreign Trade, Treasury and
Forex, Financial Analysis and Stock Markets.
-
Sales and Marketing include Fast Moving Consumer
Goods(FMCG), Financial Services, Automobiles, Consumer Durables, Information Technology, Outsourcing Services (Non-IT) or BPO Sector, Industrial Goods Sales.
-
Personnel Management or Human Resources Development include performance management, career planning & development, training & development, employee relations, recruitment, retention, compensation & benefits, organization design, change management.
-
Production and Operations include Quality Assurance, Logistics, Supply Chain Management, etc
-
Management Information Systems (MIS) include e-Business, Market Research, Brand Management
There are also some special areas for work in management that is a particular type of business management.
-
Management Consultancy - responsible for identifying and correcting problems concerned with company policies, procedures and methods
-
Retail Management – all merchandise shipments, achieve store sales and profitability, administration of stores as well as communication with the clients of books and publishing industries, shopping malls, multiplex, processed food industry and garment industry
-
International Management - deals in all areas of international trade and business.
-
Hotel Management - concentrates on all aspects of hospitality and hotel administration
-
Rural Management - utilizing management practices for managing agro-based and other village industries as also marketing rural products.
-
Pharma Management – management of Pharmaceutical Supply Chain, Pharmaceutical Marketing,
Pharmaeconomics.
-
Hospital Management - responsible for the efficient running of hospitals and health care organizations
-
Technology Management - specilizes in all aspects of technology, including financing and marketing, Internet marketing,
SEO, Web-based services, Data mining, IT Management.
-
Operational Research - using mathematical analysis for solving financial and production problems
-
Disaster Management - this comes into action during the times of natural calamities and disasters and it is involved with reconstructing and rehabilitating disaster-stricken people and managing relief materials and other resources
-
Education Management - change management, strategic positioning, and leadership development, higher education marketing
-
Entrepreneurship - Family Business Management
(FBM), New Enterprise Creation (NEC), Agri-Entrepreneurship and Services Management
-
Public Policy - management of public enterprises, non-government organization and
co-operatives
-
Leisure & Event Management - management of leisure-related activities, clubs, parks and events
|
