🎓 WITS Business School courses registrations closing on the 27th Sept, don’t miss out on a seat 🎓 View Courses

How To Build The Perfect CV

5 Tips to Create a CV

Before you get to dazzle recruiters and potential employers at an interview, the first step is to ‘wow’ them with your CV.

The idea is to build a resumé that stands out from the rest and catches the eye within minutes. Highlighting all your career goals within a quick scan is not a hefty ask. With a few tricks, you can build the ideal CV that will invite you through the interview doors.

The ideal CV should run two to three pages. Remember, recruiters have received hundreds of applications and really don’t have the time to read five pages. Most will scan the first page, so the idea is to get all the important information – that is also relevant to the job – on the very first page. The rule of thumb is to include your latest position right on top, which means your first job would be on the last job.

Keep the following in mind when compiling your CV:

1. Be clear and concise

As mentioned before, recruiters don’t have time to read an entire essay. Present your information in a clear and readable layout. Bullet points with one sentence are scannable and is a dream when reading. Titles should also be very clear, so bold type font works well. Avoid bright colours and unusual colours. When in doubt, an Arial font in black should suffice.

2. Contact details should be visible

While this is an obvious step, most candidates use the footer of the page to present their contact details. Your cell phone number should be visible. Include it in a text box or below your name. Again, bold type if possible and in a clear font.

3. Remove unnecessary information

While being the lead in the school play is a great achievement, it’s not going to be much help when applying for a job in the financial department. This could be a good anecdote during the interview (if such a question arrives) but because we’re tight on space, it may be better to remove it to make way for your other achievements. Being a prefect could convey that you’re good in a leadership position or the fact that you are the treasury for the community carnival could highlight your ability to be financially responsible.  

4. Experience is best

Your CV should highlight why you’re the best candidate for the job and your experience is key. Showcase the experience that is relevant to the job. A trick? Use the job description to help you out. Match what they need to what you have done in the past to grasp the attention of the recruiter. Also, be sure to highlight any relevant training and short course completions that may help boost your knowledge of the position.

5. Personalise

Adapt the document according to the job you’re applying for. If it’s a marketing position, you can be a little creative. A standard word document doesn’t work anymore but the good news is that the Word templates include CV samples, which can be helpful.

In closing

Once you’ve created your CV, always review everything before sending it off into the world. Make sure the grammar is correct, references are contactable, and the format is legible. Also, always be honest on your CV. If it’s too embellished, the word may spread around. Remember that a well-written letter of motivation that highlights your skills and strengths goes a long way.
If you’re looking to give your CV that extra boost, browse our short courses to help you gain practical information.

Entrepreneurship vs Working For A Company

entrepreneurship vs working

Is it better to work for yourself or work for a company? It’s a lively debate had at many dinner tables, with no concrete answer. There are great benefits when it comes to working for yourself and better rewards when working for a company. Let’s take a look at the advantages for both cases to help you decide on which works best.

Making a case for the entrepreneur

The unemployment rate in South Africa sits at 26.6%. While this is not the most favourable number for our economy, the number has improved steadily – due in part to the steady entrepreneurship activity.

Entrepreneurs are ‘jack of all trades’. If they’re working by themselves – especially starting out – they’ll need to be experts in finance, project management, and really know how to build a network. Some love entrepreneurship because it offers:

Independence

How many times have you sat at your desk and thought about how different you would approach a project? Entrepreneurs live for this type of freedom because they have the chance to build something the way they want to and have their own direction. An entrepreneur gets to decide if they want to work solo or if they want to hire a small team.

Building your own business also means building your own company culture. You get to decide on the work environment that is most comfortable for you. If you do decide to start hiring, you can employ people who are comfortable with your company culture.

Flexibility

Some people work better in the morning while others feel more productive during the evening. As an entrepreneur, you have the freedom to decide for yourself. If you feel like sleeping in during the day, maybe go for a run, and work the ‘night shift’ – then that’s perfect! Some entrepreneurs like to get an early start and unwind during the afternoons. This is especially ideal if you have a family.

With the right resources, you can have optimum flexibility that some workplaces won’t allow. If you’re in need of a rest day – to avoid burnout and proper work/life balance – you’re allowed to do so without any hassle.

Growth

Being an entrepreneur means that you’re involved in all facets of your business – marketing, finance, HR, etc. This allows you to develop your skills professionally and personally. The entrepreneurial journey is a continuous learning curve and it’s skills that you won’t necessarily get to learn in any other position within an organisation.

Making a case for the employee

The 9-5 lifestyle has been getting a lot of hate but with more companies offering flexible hours, people are enjoying heading to work in the morning. The workforce is getting younger, which means employers are more aware that they need to tend to their employees’ wellbeing, in order to boost productivity.

The ‘9-5 employment’ environment has the following advantages:

Work/life balance

As mentioned before, employers are more aware that employees’ wellbeing should be at the forefront. You work a set of 8 hours during the day and thereafter, you get to go home and enjoy the rest of your day until the next morning. Unlike most entrepreneurs, weekends are for family time, which allows you to switch off for a few days until you have to pick it up again on Monday.

Stable income and benefits

You know your monthly income – it stays the same. You’re never left guessing if this month you’ll have a decrease compared to the previous month. With a stable income, it’s easy to set a budget and savings. Most companies also offer benefits (medical aid, pension, petrol allowance, etc.) which doesn’t take too much out of your income.

Camaraderie

You’re spending eight hours with a group of people who come from different walks of life. This type of exposure in the work environment is great and helps you grow as a person. In fact, some of your best friends are made in the workplace. They’ve been in the trenches with you and celebrate all your wins. A work friendship is often the best because these people will encourage you on an off day.

While entrepreneurship is often glorified, the working environment is also changing. What you choose is entirely dependent on your personality. Either way, you have the chance to develop a professional skill-set.

What are the five leadership styles?

top leadership styles

Not all leaders are created equal. Each business has different requirements and effective business management need varying leadership qualities to ensure success.

There are five different leadership styles that entrepreneurs and managers usually use. It is important for any aspiring leader to know the different styles in order to identify their own, or to be able to adapt should the business require it.

The five leadership styles

1. Participative
2. Autocratic
3. Laissez-Faire
4. Transformational
5. Servant

what is your leadership style

What is a participative leader?

This leadership style involves input from all employees, resulting in a decision that reflects the majority’s views. For example, if there is a company-wide problem, managers will inform the staff and a majority vote will determine the solution.

Why this works

It’s a lengthy decision-making process, but it has its benefits. It improves employee morale as they are given a voice and feel like their opinion matters. With participative leadership, employees will start taking an active role within the company and are more willing to accept workplace policies.

Famous participative leaders include Jim Lentz, CEO of Toyota North America. When Toyota vehicles were recalled, Lentz appeared on a website Q&A to field any questions customers had.

The downside is that if a decision needs to be made fast, the participative style might not work as the participation process takes time.

What is an autocratic leader?

Autocratic leaders will inform everyone of a clear goal and will tell you how to get there. Everyone understands what role they play and are provided with guidelines if they need. Unlike participative leadership, if a new strategy is implemented, there is no input from subordinates. All goals, procedures, and tasks are decided by the leader and will be delegated amongst everyone. The team faces dire consequences if goals are not met.

Why this works

Firstly, if decisions need to be made quickly, autocratic leaders can make decisions without any pressure or stress. If there is a clear chain of command in the workplace, tasks get done more efficiently. This leadership style is also beneficial if you have employees who need extra guidance and rigid processes. The disadvantage of an autocratic leader is that there is often a divide between employee and employer in the workplace. This often leads to a hostile work environment and high staff turnover.

Famous autocratic leaders include businesswoman Martha Stewart, who was once described as a “scrupulous and meticulous boss”. However, Stewart has built a global empire using this leadership style. Director Ridley Scott is also considered an autocratic leader. He is known to be a perfectionist and expects his actors to know their positions and lines. This has worked well for him considering his box office success.

What is a Laissez-Faire leader?

‘Laissez-Faire’ is French and loosely translated it means ‘do as you will’. In terms of leadership style, it’s more laid back. This approach allows teams to explore creative strategies and drives innovation. You will usually find this kind of leader in a creative environment, where deadlines are not crucial and team members manage themselves. Employees are given the resources they need and what they do with it is up to them. The leader will provide the information and trusts the team to achieve a great result.

Why this works

In a creative working environment, independence is valued. Teams are highly motivated and usually meet requirements and deadlines without any guidance. A hands-off approach makes employees feel that they are trusted and in return, feel confident in their ability to perform the task.

Famous examples of Laissez-Faire leadership include Warren Buffet, who rarely intervened in the workplace and allowed employees to perform tasks without his help.

The leadership style does have its disadvantages, especially in an environment where deadlines need to be adhered to. With the leader uninvolved in many of the procedures, employees could often mistake this as disinterest, which could result in a poor performance.

What is a transformational leader?

Transformational leadership is someone who actively communicates any changes to employees and is always motivational. Team leads are good examples of this. Once they receive a task from management, they communicate what is needed and inspire the team to achieve this goal and maximise productivity. They also offer support to individuals in a team and encourage an open communication space.

Why this works

These leaders tend to be supportive and loyal. As a result, team members will mirror this attitude. No matter the workload, tackling this project and achieving the desired outcome will be the main priority of the team. This also results in a high retention rate, as employees feel that they have an ally within the company.

Sir Richard Branson is a famous transformational leader. His approach to management is that the key to success is to ensure that all employees are motivated: “If you can motivate your people, use their creative potential, you can get through the bad times and enjoy the good times together… if your employees are happy and smiling and enjoying their work, they will perform well.”

While it is the most common style used by management, this approach could backfire. The leader needs to be sure of the decisions made. If not, the team is put in the line of fire, not the leader. Employees are also increasingly motivated to achieve their goals and will work long hours and burn out while doing so.

What is a servant leader?

Servant leadership puts the spotlight on the employees, while management is usually working behind the scenes. Like participative leadership, decisions are made by a group instead of one person. Servant leadership toes the line between leader and servant. In a nutshell, they lead with the others in mind. You’ll find this approach at non-profit organisations, where the mission is key.

Why this works

A servant leader values diverse opinions and everyone’s contribution is taken into consideration. People working under this leadership will feel that they are contributing to something meaningful and always feel encouraged in the workplace.

Famous servant leaders include Nelson Mandela, Martin Luther King Jr., Mother Theresa, and Mahatma Gandhi – people who put the needs of others before their own.

This type of leadership is rare in a business environment and may not work, especially with deadlines. However, certain characteristics of this style can be used when motivating a team.

How do you find your leadership style?

Leadership style depends on personality type and playing to your strengths. You can also combine the above styles or switch between, depending on what the goals are. Online courses in management can also help you focus on finding your leadership approach.

The benefits of business management

Think of any successful business. What you see behind the face of achievement is a hard-working team using well-developed structures to ensure the most efficient and favourable results possible. All the cogs are in place, tasks are running smoothly, and the system is sustainable.

Business management exists to keep the cogs running or to adjust when one falls out of place. It is a field which is fundamental to the success of a well-run business.

What is business management?

Business management is related to the operation of all administration within an organisation or corporation. The tasks within the role include strategising, giving support to team members, ensuring the goals set out are accomplished, and looking after resources.

Essentially, a business manager is the individual who is tasked with running a business. While it might sound simple in principle, it is an enormous task and involves a huge amount of planning, monitoring, and consistent supervising.

It also should be noted that a good business manager does not personally involve themselves in every matter in the business, but rather delegates to trusted members to look after smaller tasks.

What are the benefits of business management?

Managing a business has a certain appeal to it. Not only do you get to put “Business Manager” on your business card in a fancy font, but you also get to boast other benefits which only managing a business brings.

These are:

  • Having a clear overview of running a business;
  • Fully comprehending the value of a team member;
  • Learning more-rounded approaches to managing people;
  • Developing communication skills that you’d never have before; and
  • Constantly learning on the job.

It gives you a clear overview of a business

If we narrow in to look at individuals tasks performed in business: When performing a task, you need to know the ins-and-outs of it before tackling it. If you are delegating that task to a team member, you still need to understand the basics before explaining it to the person who will be performing it.

Now, if we zoom out to all business operations: Since the manager will know the basics of most tasks being performed they will, therefore, have a basic understanding of the business as a whole and will have a well-rounded knowledge of the business.

You comprehend the value of a team member

If you have to lead people, you need to know what you are asking of them. When you lead well, you will know how to gain the most productive and efficient work out of a happy team member, while knowing what they putting in.

If you understand how important your team is, you gain an understanding of the value of each worker which will help teach you to appreciate, support and encourage them. It also means that if you have to perform the task yourself, you will be able to appreciate the weight of it in the business operations.

You learn new approaches to management

There are five different leadership styles in business management. If you are able to adapt your style to the business you are leading, you are well on your way to passively developing new leadership skills. This is beneficial to both you (as it teaches you new ways to effectively support individuals in their tasks) and your team (as they will be supported and encouraged in ways which bring out their best).

You develop communication skills

In leadership, “communication is key” cannot be stressed enough. If a team member feels comfortable in approaching their manager, they will excel at performing their tasks with confidence.

Although a person can be born with communication skills, the ability is more often learnt through good practice and consistent use. Developing communication skills in order to explain and relay information and accept and process feedback is crucial in business management, but it takes time to learn. This skill is remarkably beneficial because it can be implemented in all areas of life, even outside of the business.

You constantly learn on the job

Similar to learning communication skills through practice, there are a number of business traits which can be learnt on the job. In order to lead people, you first and foremost need to be able to lead yourself. Any self-learning is heightened while leading other people, so the experience you gain in leadership will enhance the lessons you learn.

Why do a short course in business management?

If you’ve completed a business management short course you will have gained insight into what goes into managing a business. This includes:

  • An understanding of the different approaches of leadership and management;
  • Getting to grips with important financial concepts and how the economy relates to the business environment;
  • The nature of marketing and how it is used to accomplish objectives; and
  • Entrepreneurship and how to be excellent at starting and managing your very own business

All of these skills can be theoretically taught and practically implemented in order to take advantage of the benefits business management offers.

What is leadership in business?

leadership in business

How does a business maintain its vision? Through good leadership. Effective leadership in business management helps with goal achievement and ensures productivity. Leaders make sure that everyone’s roles are clearly defined while meeting business objectives.

What is leadership?

The term ‘leadership’ means something different to everyone. For some, it conjures up images of a political leader or business executive. Many think leadership means seniority, but generally, it really means guiding someone – in the right direction – towards a better result.

Here’s how to spot a leader:

Leads by example

If they are enthusiastic about something, people around them will mirror their attitude. How they approach a situation will inspire others on how to manage a specific scenario.

Listens more

They speak less and listen more. This encourages open communication and could lead to effective results.

Is a team player

Someone who is willing to ‘get down in the trenches’ with everyone else shows fairness and a willingness to achieve a great

Qualities of a good leader

Like any good craftsmen, a good leader also needs a set of tools in their arsenal to help them make a positive impact.

Effective communication

To make sure that everyone is on the right track, the leader will need to communicate what is needed. It’s important for everyone to be on the same page and have an understanding of the requirements. Communication doesn’t mean verbalising instructions but also being exceptional at non-verbal skills. This all boils down to body language and eye contact. People usually gain a first impression of someone before they speak. Non-verbal cues speak volumes.

Good motivator

There are leaders that drive their team to hard work and there are others that cheer them. The latter is the one that achieves effective results. Why? The team witnesses a person who has commitment and passion, which inspires them to work hard. This inspires everyone to do great work.

Creativity

There will be times when a challenge occurs. What separates a good leader from the bad is how these individuals manage obstacles. This involves creative thinking. A good leader is open to varying approaches to achieve the same goal. They do this while showing professionalism and confidence.

Honesty

An open and collaborative environment encourages transparency and is less hostile. A relationship based on trust demonstrates that the leader will always be honest with them every step of the way. A team with a good support system works in harmony and will achieve a positive outcome.

Decisive

Making the right decision can have a profound impact. A leader should be able to be analytical and have critical thinking to reach a successful outcome. Decision-making capabilities mean listening to others’ ideas, embracing differing perspectives and sound judgement to reach a conclusion that will help the end-goal.

Why leadership is important in business management

Having a good leader managing a business is important. The leader needs to ensure that the requirements of internal and external stakeholders are met. The leadership within an organisation needs to ensure the following:

Maintain the vision of the business

A business leader needs to guarantee that the business is working like a well-oiled machine and that it’s not steering away from its vision. This means ensuring that each department is functioning as it should and that there is an ample amount of resources available. Nobody should lose track of the big picture.

Communicate and manage business strategies

One of the important steps after strategy creation is implementation. The role of the leader is important because every level of the business needs to know what role they’ll be playing. The end goal needs to be clearly established and defined. This is easy with effective communication skills. Again, it’s not about verbalising instructions but making sure that the team understands what role they play.

Build morale

Employees are more productive if they are in a positive environment. This starts with leadership. If the team is too stressed, job performance and productivity will start to decline. A good leader will inspire the team to work hard but also maintain morale within the company. The result is high employee retention and a team that is highly motivated.

How do I gain leadership skills?

Most think that you are born with leadership skills but there are ways to develop them. To start off, you need to learn what leadership style suits your personality. A good leader also needs to practice discipline – whether it’s in your personal or professional life. Honing these skills through work experience is a great start.

Various short courses also provide insight into modern management approaches that could advance your career.

What you need to know when leading a business

leading a business

International Women’s Day is on a Friday this year. It cannot be a coincidence that it’s on Friday, which is arguably the best day of the week. Well, it could be coincidence since it’s really just the way the calendar works. Irrespective of serendipity, though, it is fitting that the day to honour women happens to be a day of celebration for workers all around the world.

Marilyn Monroe quote

And what a better way to celebrate than to give a platform to women in business who have cleared and are now paving the way for success and grace to make its way into the world of business. In this, we’ll be offering tips on how to be the best boss in a business which once before belonged exclusively to the boys

How to be the best at leading a business

Be confident in what you are offering

Have the confidence that you are exactly what the business needs. Communication step aside, Confidence is the new key to success. If you believe that you are going to do an excellent job, or if you are able to convince everyone that you can; then the odds of you flourishing and overcoming adversities are far better than if you are unsettled in your ability.

Look ahead

Be forward-focused. Remember: Any failures from the past are precisely that: “from the past”. Focus on what you have learned and know that you are better equipped because of mistakes made. While nothing rattles a person quite like defeat, nothing teaches a person like it either.

“Had I really succeeded at anything else, I might never have found the determination to succeed in the one arena I believed I truly belonged.”


J.K Rowling.

Stay updated in business management

Be relevant.

Now, we don’t mean keeping up with the Kardashians. We mean stay updated with leadership techniques and methods which will take you and your team to the next level. Business is constantly shifting, and so should your tactics on how to lead.

Remember the basics of business

When in doubt, go back to basics. Remember the fundamentals of management and business leadership if you are in a place where nothing else seems valid. This concerns all fields of business such as marketing, operations, and budgeting.

All of these are offered in our Business Management short course. The knowledge gained in the courses gives deeper insight into the theoretical and practical methods of leading a team in a business to ensure the most success in any tasks presented.

Not only can you learn to manage a business for your boss. You can learn how to manage a business where you are the boss.

How to build and grow your own business

The skills you need to have as an entrepreneur are all of the above and more. MasterStart’s Business Management short course also explores how to be an expert entrepreneur and be the best boss while looking out for your team and leading diligently.

Leading a business is taxing work. Building a business is not only on a different page, but it’s also an entirely new book. When you own a business, you need to know how to lead your employees effectively as well as dealing with clients, budget, resources and administration.

Stressful? Most probably.

Satisfying? Absolutely.

Pay attention to the economic ecosystem

What is happening outside of your business is far too important to ignore. The financial state of your country could influence the way in which you guide your business and operations. If you can understand your customer’s finance, you’ll have a better appreciation of what to offer and at how much. Supply and demand drive the business and you need to know which way to steer for a successful journey.

Pay attention to the needs of your staff

This goes hand-in-hand with scaling. Keep an eye on how your staff is doing; without them, your business will collapse. Make sure they have all the resources they need. Also, bear in mind that your team members also have dreams and it’s not necessarily to make yours a reality – so find a way to incentivise their dreams teaming up with yours. A happy team is a strong team and it’s up to you to make sure they are both.

For all the women who are heading up and taking charge in business; you’ve got this and always have. On that note, MasterStart is wishing everybody a happy, productive International Women’s Day this Friday.

Plan for success in 2019 now

plan for success

In just a few simple steps you can cement your plan for success in 2019. The past year may have come and gone swiftly, and you may feel like you are stagnating in life, doing the same thing over and over again just to make ends meet and ensure your daily existence. There is good news though; we have a plan for success in 2019 that you can start implementing now for your best year ever.

“Success is not final; failure is not fatal: It is the courage to continue that counts.”

— Winston S. Churchill

We have created a world where we are in a constant comfort zone. The process of change is difficult because humans fear the unknown and comfortability is better than the uncertainty that lies beyond doing something different. If you want to plan for success, you need to start thinking about your future, writing about your future plans and start taking action for your future goals to succeed. We have uncovered a winning recipe for the ultimate plan for success in 2019. Follow us as we unearth the hidden potential that lies within you for a better life and career.

Take notes and develop a strategic plan

There are a few things that separate successful people from everyday somebodies that pass you by on the street. In today’s day and age, it’s simply not enough to work hard. If you want to plan for success you need to learn the art of setting goals and then take action accordingly to implement a plan to achieve your goals.

Everyone is motivated by different things, whether it be fortune, status or even mindfulness, your plan for success needs to be uniquely specific to what drives you. Take notes on your thoughts and ideas, create a long term plan and structure it with short term goals. Achieving your goals, no matter how small, will drive you and keep you doing something different every day.

Plan your time to plan for success

Everyone has a busy schedule and as much as we wish we could split ourselves into five beings daily, it’s just not possible. If you want something in this life you have to take it. If you want to plan for success then you need to make the time to make sure you are constantly on track with your goals.

Successful people make the time to find ways how to achieve goals. Start capitalising on essential hours of the day where you can monitor your personal progress. Whether it be in the car on the way to work, at lunchtime or even before bed. Develop discipline for a step by step plan that will ultimately help you plan for success in 2019 now.  

Keep records and reflect

Take notes constantly to keep a record of your journey. This will ensure that you are on a path that allows you to plan for success rather than constant disappointment. It’s about doing something different and implementing the plan and taking action.

Reflect on where you are and where you want to be. Take notes and monitor your performance. Successful people know how to achieve goals because they get a plan, monitor their progress and constantly take action to ensure they are exactly where they need to be. If you start doing the same you can plan for success in 2019 effortlessly.

Effective decision making as a business manager

effective decision making

The good the bad and the ugly of effective decision making.

As a business manager, you will be faced with difficult decisions every day. Effective decision making is vital to the business’s objectives. You need to learn good decision-making skills, which can be difficult to implement at the best of times, as you are constantly under pressure at work.

There are many examples of difficult decisions in the workplace, as a business manager you need to overcome challenges and take the personal aspect out of your decision-making process, to do what’s best for the business’s needs.

Take a step back look at all the angles

Effective decision making, especially in a business environment can only be achieved with a clear head. Sometimes you need to back away from the situation at hand and place it in context for yourself. The decision-making process needs to be rationalised from a cool and collected stand point. Take a back seat, breathe and analyse the problem in order to communicate an effective solution, resulting in good decision making.

Don’t just rely on your intuition to make important decisions

As a business manager, you need to look at your world holistically. No one is born with good decision-making skills, this is a unique tool that must be honed and perfected over time. What have you learnt from your mistakes in life? If they have taught you anything you would know that evidence should guide you for effective decision making.

E.B.M or the evidence-based management approach is an essential part of decisions in business management. People tend to lean towards their gut feeling and make impulsive decisions based on what they see at first sight, rather than digging deeper to uncover the real facts. Use scientific evidence and data within the business strategies for an overall effective decision-making process.

Use outsiders perspectives to challenge the status quo

You must trust your own judgement and have the courage of your convictions for effective decision making in the business world. That being said; getting an outsider’s perspective can help you challenge your thoughts and create an objective standpoint to which you can reason with and challenge for a proficient decision-making process.

This will challenge your own status quo and will help you think outside of the box, developing a problem solving mindset that can help you in many areas of an organisation as a top business manager.

Mitigate risk for effective decision making

There are numerous examples of difficult decisions in the workplace, yet as a business manager, one aspect of running an organisation that you can never over-plan for is your business risk. These can always be learnt from some of the greatest entrepreneurs.

You need to establish clear plans and mitigate risk effectively in your decision-making process. This is one of the most difficult parts of effective decision making as you need to play the devil’s advocate all the time. You constantly need to be on the lookout for what can go wrong and you need a contingency plan should the potential threat strike unexpectedly.

Operational planning and Strategic management

strategic management

In business management there are two very distinct management processes to follow to keep the business running efficiently. Follow us as we take a look at the differences between the role of a strategic manager and the functions of operations management.

Strategy versus implementation processes

The role of a strategic manager is difficult to pinpoint. A strategic manager in a business needs to implement a strategic management process which affords the organisation with a vision that ultimately informs the functions of operations management.

So, strategic management is concerned with analysing a long term plan with a specific vision. The role of a strategic manager is to work closely with the company and help them reach their long-term goals. It’s important to note that the role of the strategic manager analyses the market, accounts for trends and plans for potential threats or risks. The strategic manager will then implement the company’s vision through the functions of operations management.  

The role of a strategic manager is holistic while operations management is practical

The role of a strategic manager in a business environment utilises analytical, synthetic and rational decision making processes to create a company vision. They combine these qualities with innovative thinking that focuses out of the conventional box to create long-term company goals. This makes the strategic management process holistic as it focuses on the company from an aerial perspective.

The importance of operations management should however, never be overlooked. Without operations management, strategic management would fail. The functions of operations management work hand in hand with strategic management. Operation managers implement the company’s vision on the ground. They ensure that all processes are optimised for efficiency. They handle staff and company objectives, ensuring company policies are upheld at all times. Operation manager skills are essential as they are the practical tools that keep the company flowing daily.

How do these two types of management affect businesses?

The role of a strategic manager is chiefly concerned with establishing a businesses target market, and how it will go about competing and capturing value in each segment of that market. Therefore the strategic management process can be summed up as an analytical business plan.

The functions of operations management is more practical and hands on. An operation managers skills are implemented to physically run the business daily. Operations managers work with the company’s resources and maintain company policies to achieve goals and keep the company on track.

Study business management for the leading edge

If you want to study business management, there are a few things to consider before diving into a business management career. Business management is essential in everyday company practice as these professionals utilise the knowledge acquired and the benefits of studying business management, to operate all facets of a business effectively.

Follow us as we take a look at the benefits of studying business management and various business management short courses to consider opting for, in order to enhance your personal skills and boost your career to new heights.

What is business management?

Business management is the formulation, organisation and implementation of a businesses plan. All these processes need to work together seamlessly in order for the business to reach maximum productivity. It is the business managers job to ensure that the entire operational process runs smoothly, from start to finish.

Why study business management?

Business management is essential in all organisations, someone needs to oversee business productivity and continue to ensure longevity and business growth for the foreseeable future.

A business management career will never go out of date because every organisation requires a business management professional to keep running an organisation efficiently. This is exactly why it is a good idea to study business management, as you will always be able to fill many irreplaceable roles in any organisation.

Work experience can only take you so far

The world is changing at a rapid rate and your working experience can only afford you with some essential skills in your business management career. You need to constantly upskill yourself and hone your skills to stay up to date in the modern workplace. If you study a business management course you will gain a critical understanding of modern principles and practices.

You don’t even need a business management degree. The benefits of studying business management on your own terms are infinite. Online short courses in business management can keep you in the loop and help you remain relevant in your field and the modern workplace.

MasterStart has a perfectly optimised online short course in Business Management that will not only keep you relevant in today’s business climate, but also afford you with real time, practical working skills that can be implemented in the workplace almost immediately.

Technology is challenging traditional business practices

The latest technology is not only making certain business management roles redundant in organisations it is optimising and perfecting business processes. In order to remain relevant within the technological realm you should consider the new-age benefits of studying business management within the context of operations today.

To keep up to date with the demands of a tech-infused world, consider a platform that allows you to study a business management short course on your own terms and at your own pace. Online short courses in business management are accessible and far more cost effective than traditional tertiary qualifications.

Your understanding of the business can be broadened overnight

By opting to study a business management course you increase your overall understanding of the various departments that comprise an organisation. It’s no secret, the resources in the businesses financial department know little to nothing about the marketing processes that are implemented to keep the company’s exposure rate high.

In today’s competitive arena it is essential to get a firm grasp on all aspects of the business. This will not only allow you to do a better job, it will also make you an irreplaceable employee. Studying business management online will afford you with a diverse understanding of how each component of the business operates to achieve maximum productivity as an employee.

Theory supports practical engagement when you study business management

There’s no doubt about it, practical experience beats theoretical knowledge hands down in just about every industry.

By embarking on a business management short course you get to study business management theory that you can incorporate into your practical working experience within your organisation.

The theory is an outline and the more you develop the outline by implementing practical working experience the better equipped you are to do your job, which ultimately results in smart learning techniques that help you further your career effortlessly.

Immerse yourself in the company of business leaders and learn from them

Even the brightest minds get stuck with a problem from time to time. If you are too comfortable it means you aren’t learning anything. One of the biggest benefits of studying business management with MasterStart is that it affords you with real time working experience. It is important to share your ideas and engage with industry leaders. Study business management to keep yourself relevant but also to keep learning, pushing yourself out of your comfort zone, propelling yourself to your next career step.