May 28, 2021
In modern life, increasingly accelerating the process of integration and development, many companies worldwide use a lot of new terms to refer to positions in the company. The new terms make a lot of people confused because they don’t fully understand what it means. One of them is “General Manager”. Therefore, in this article, let’s find out what is a “General Manager”? And why is it becoming a strategically essential and sought-after position in the United States?
Often in the corporate world, the highest position (top position) is called Chairman or President. Below that, the Vice president, Director (or officer) runs and manages strategy, teams, and operations. And next is the General Manager and Manager – the person in charge of the specific job.
According to Investopedia, “General manager” is a term that refers to the position of general manager of a company. This is a senior management position, with an important role and overall responsibility for managing both the company’s revenue and income expenses. A General Manager typically oversees almost all of a company’s marketing and sales functions as well as the day-to-day operations of the business. Typically, the General Manager is responsible for planning, assigning, coordinating, staffing, organizing, and effective decision-making to achieve desired outcomes for an organization. The main job of a general manager is:
A general manager is a person who develops and implements strategies and operations, which increase the profit and revenue for a business… According to the article “Why Start-ups Fail” by Tom Eisenmann, most starts up failed because they were not able to generate revenue to pay back investors. For this reason, the General Manager is a key player in the company. . As the US economy begins to reopen, the general manager could be a great role for those looking to become part of leadership and help companies generate revenue. Last but not least, when you want to have career advancement, being a general manager is your “must-go” choice.
A general manager is a person who works directly with the senior director and the president, so, with understanding the business situation as well as operating the business activities, the general manager advises and come up with new business ideas and strategies, helping the chairman to have an accurate view of the market and future orientation of the business. All these opinions are drawn from observations, analysis, synthesis of the market reality, the company’s business activities, and their past or personal and professional experience that can help direct its strategy.
The general manager will be the dealmaker, working directly with other investment and cooperation businesses and with many different positions and departments of the business. Leaders need to have connections, build and maintain good relationships, retain competent people, and create trust and persuasion with others. Therefore, this position is crucial and important for companies in today’s economy. Being a general manager, especially in the US market, can give a chance to expose and have more high-level talk with CEO from different countries and markets as well as industries that want to expand into the US. That would be a unique experience for you to connect and develop your professional network and also Alariss’s priority when finding and matching the right talent with the right employers for career advancement.
Being a general manager in the US or other countries can help you grow your network and learn many new things that you have not been exposed to before, such as new culture, new friends, or even new skills from your diverse colleagues. Besides that, according to salary explorer, your compensation in the US for the general manager position could start from more than 100k USD per year and it is expected to grow by experience and education as your career advances.
To become a manager, you need to be equipped with the necessary qualities and skills. Some of them include the following:
Of course, those in higher positions must master the basic knowledge in their field of activity. In addition, they also have to read a lot and always have a spirit of learning to constantly improve their knowledge, recognize and update new information and knowledge.
The success of the business depends on the talent of the leader. Without the ability to judge, it will be challenging to develop a vision and long-term development strategy for the business. Moreover, decisiveness in all work will help them make timely and wise decisions.
A senior manager never surrenders to difficulties and failures. They have to face and bravely overcome those difficulties and failures to experience the accumulated practical capital of management or business strategy more for themselves.
In addition, to become an excellent Director or Manager, aside from appearance and knowledge, they need to equip themselves with Management and planning skills along with effective communication skills. If you want to become a leader, try to practice these criteria right now.
We hope the above article can provide you with useful information on how to become and why to become a General Director. If you want more details or are thinking of becoming a General Manager but don’t know where to start, don’t hesitate to contact Alariss now, a global expansion partner.
