Challenges and Opportunities of a Manager - 1095 Words

MANAGER’S CHALLENGE AND OPPORTUNITIES IN THE CURRENT ECONOMIC CLIMATE VARUN ADITYA MURALINATHAN 4071817 In the current economic climate, most of the countries are facing recession for the past few years. Apart from the effective management of time for getting things done, the basic things to be followed are career planning, effective team building, improve as a communicator, on motivating others, controlling recession driven economic scenario and must be a leader as well†¦show more content†¦The MBA grades especially those in the highly-paid sectors of investment banking and private equity is a topic of great investment in any economy. In the current economic climate, it is given that Finance industry is not the easiest place to find a job in a moment of recession. But for few managers of MBA grade with a good work experience are enough to l and a job. The recruiters are fed up the new employees because of the salary they expect. As most of the countries are facing recession for the past few years, the flow of providing salary has been decreased. So finally, what can you do to land yourself in a job, in investment banking or private equity in this economic climate? It is left as a question mark for the opportunities of managers in the current economic climate. I conclude that managers have more challenges than opportunities. Management is complicated. It requires proper managerial skills and motivation. But most of all it requires commitment. So managers must have to concentrate on their interpersonal skills like professional communication, motivation and showing genuine concern. Moreover, the smart mistakes can provide innovative and creative ideas whereas the fatal mistakes which leads to the disastrous results by the manager to the industry. The Budgeting is one of the big responsibilities for managers. It should be very systematic and standardised or else itShow MoreRelatedChallenges And Opportunities For Product Managers2230 Words   |  9 PagesNever in history has there been more challenges and opportunities for product managers bringing new and innovative products to the marketplace. However, competitive pressures in the form of economic and global shifts have made it more difficult for product managers to respond to increased cus tomer demands and infidelity. Many product managers are asking; Are we building the right products with the right features? 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