The Importance Of Managers For The World Of Business Today

1225 Words Apr 13th, 2015 5 Pages
Managers play an important role in the world of business today. They are an essential part of a company. They are like the caboose of a train. By definition a manager is someone that plans, organizes, leads, and controls but, there is a more in depth meaning of the roles they play. Managers provide services in areas such as, business law, human resources, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. There are three levels of management, the first level, middle level, and top level. Each of them perform similar task throughout businesses today. Top-level managers are the people that are the Chief Executive Officers (CEOs), Chief Financial Officers (CFOs), Presidents, and Vice Presidents of a company. They make the major decisions for the entire corporation like whether to outsource the company or things of this nature. They also, come up with the goals of the organization and push those goals throughout the company to be accomplished. This is the operation’s management portion of the job. They also handle the business law portion by making sure the company is up to code through the institution of the code of ethics and rules of the workplace. They would handle the economics portion as well by keeping up with supply and demand and configuring the cost of alternative business strategies. In addition, they would handle the marketing and research and statistics portion by researching the market…
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