Revolutionary changes, dynamic nature, and continuous adaptation of new approaches are required to make a business successful. To grow and flourish a business in the right direction, dedicated hard work, robust management, and strategy are some of the irreplaceable requirements.
Well, amongst all these, management is a core skill to develop. A leader can make the teamwork cohesive to achieve the management goals without compromising on key aspects like quality, efficiency, optimum use of resources, minimal risks, etc. Companies are now looking forward to hiring talented managers and leaders for senior profiles. This indeed makes senior management study a lucrative pick for a bright career. If you are seeking a bright management career ahead, enrol in IIM Nagpur’s Senior Management Programme.
Key Highlights
● In a survey conducted across various business domains, 80% of businesses in India are witnessing a shortage of good leaders.
● For those who have already nailed a management career profile and aspire to grow further, upskilling oneself is the best way to reach a higher trajectory of growth.
● A Senior Manager's salary scale in India ranges from ₹6.0 to ₹33.8 lakhs, with an average of ₹15.0 lakhs per annum.
Senior Managers: Need Role
As put together quite meaningfully by Stephen Covey, an American businessman and educationist, “Management is efficiency in climbing the ladder of success, leadership determines whether the ladder is leaning against the right wall.”
In a company hierarchy, senior managers play a pivotal role even though their role looks quite similar to that of a manager, yet there are key differences. He does not supervise the team members, he rather works in coordination with leads, assistant managers, and managers. Hiring new staff is his responsibility. He also needs to have enough managerial experience. From setting organisational goals, planning, and delegating work to make important decisions, planning budget, improving the team’s performance, he needs to execute many such important tasks.
Senior Managers also motivate teams to enhance productivity. He also plans employee training and holds client meetings.
If you are eyeing a senior management position, you must be prepared to handle the above-discussed responsibilities. For any company to succeed, it requires a dynamic leader who can visualise the future, aim for the high goals of the company, and is equipped with the right skills to achieve the targets.
Key Concepts Skills Required to be a Business Manager
Management is not only about the perspective of managing organisational works, but also an in-depth understanding of work priorities, an adaptation of new approaches, understanding of market trends, client network, targets, etc. Most importantly, they must be courageous and visionaries to move ahead even during tough challenges by keeping everyone motivated. Read ahead to know how pursuing a senior management training programme offers a detailed understanding of the intricate management responsibilities and skills to handle them tactfully.
Business Strategies
The growth and success of a company depend on its strategic management to a great extent as it helps an organisation gain a competitive edge over the market competition. One of the essential roles of a senior manager of any organisation is to develop business strategies to achieve growth and success for the organisation. However, strategy development requires a detailed understanding of market trends, financial fundamentals, analysing of growth opportunities, brand management, and so on. It also requires long-term thinking, visualizing the future, knowledge of trends and competition, and goals one wants to attain.
Design Thinking Innovation
As a senior manager, you need to propagate innovative ideas and concepts into the services or products delivered by the organisation. For this, one needs to analyse the global market, competitive products or services, scopes of growth and customer expectations and requirements, etc. A company that continues to work on old technology or as per obsolete processes is bound to fail sooner or later.
Intrapreneurship
While you would have heard about entrepreneurship, nowadays, companies are also promoting the idea of intrapreneurship. It is defined as promoting entrepreneurship within an existing company. The intrapreneurs create something new within the company rather than going out. The organisation provides the right ecosystem for their growth.
Senior managers play a defining role here. They chalk out progressive and prospective plans for the team and the company to achieve overall. Small scale plans or goals can help to achieve higher goals faster. Planning for new business targets also involves motivating and offering leadership to the employees.
International Business Strategies
In a responsible role like that of a senior manager, planning and designing international business plans and strategies for the company is also a major responsibility. Therefore, understanding the global market, competition, opportunities, and challenges is essential.
Corporate Governance Ethics
Every corporate house works based on corporate governance and ethics, a basic set of rules and working behaviours. If you enrol for the best senior management programme in India like that of IIM Nagpur, you are essentially provided with an elaborate understanding of these corporate ethics so that it gets easier for you to climb up the ladder with the basics rooted in your mind.
Sustainable Development
These management programmes designed for professionals aspiring for senior managerial roles are also taken through an illustrative understanding of sustainable development. The framework of development needs to be robust to be able to hold on to progressive and new developments. However, a senior manager here must put in added efforts to make the developmental route sustainable.
Business Digital Transformation
In the 21st century, digital presence is an essential criterion for any business to sustain market competition. eCommerce and digital marketing are now one of the core parts of any business that aspires to thrive. SMP course designed by IIM Nagpur offers a comprehensive overview of the importance and role of digital transformation, requirements of new adaptations, a basic understanding of eCommerce, etc.
Emerging Technologies
Adaptation and handling of new evolving technologies is a basic requirement to cope with the market's changing demands. Therefore, a senior manager needs to be dynamic and enthusiastic to take on new challenges and learn emerging technologies constantly.
Organisational Culture
Developing a positive and motivating organisational and work culture helps to encourage employees to work enthusiastically. Therefore, a senior manager's core responsibility is to instil and craft a helping, progressive, and positive work culture.
How IIM Nagpur SMP Trains Aspiring Senior Managers
A business involves a lot of aspects, of which the right management is the key to success. As a senior manager, one needs to take up several responsibilities. He needs to design future plans for the company in the rightly paved way of business management. He needs to take into consideration a variety of business areas like:
Fundamentals of Marketing
Customer-oriented Services or Product Designing
Brand Development and Management
Networking and Social Media Management
Finance and Budget
The senior management programme by IIM Nagpur offers in-depth and inspiring learning modules. Offered by experienced professionals as faculty members, the course includes interesting and detailed lectures on every aspect of management study. Along with it, students can learn intriguingly from case studies, group projects, discussions, stimulating games like role play, experimental assignments, etc.
This programme has been designed especially for working professionals to boost their careers. Therefore, if you want to see yourself in the role of a senior manager in the future, today is your time to join IIM Nagpur’s senior management programme to achieve your dream career.
To know more: https://timestsw.com/course/iim-nagpur-senior-management-programme/
The program features excessive utilization of experiential learning components similar to Simulations, Virtual Labs, and Remote Labs, in order to mimic the on-campus expertise.
Upon successful completion of the program, individuals will obtain a level certificate from BITS Pilani.
These online classrooms supply similar ranges of interactivity as common school rooms at the BITS Pilani campus.
There are many online certification packages on Data Science as properly.
In this Machine Learning Course in Kolkata, you'll achieve a complete understanding of how machine learning and synthetic intelligence works, to convey a technical perspective to the office.In this course, you'll have the ability to learn how to use real data and choose the relevant machine studying model to create a project and learn to leverage these frameworks and instruments to make choices.
After completion of the course, you will earn a certificate, which can enhance your LinkedIn profile and resume, serving to you stand out within the job market.
