Attributes of a manager

Managing a business begins after the launch of the business and involves the challenge of turning a business concept into an operation that realizes a profit. Business owners must understand the legal environment in which they operate, manage the human resources components of the business and direct all operational activities of the business. In addition, managers typically involve themselves in the hands-on running of the day-to-day business activities.

The overall nature of management varies by the type of business. However, common activities include: growing the business, exporting and importing for global businesses, daily operations planning, legal compliance, and directing interaction between the business and its community. A final point about management is that some owners of a business operate the business, but rely on hired management for the day-to-day activities.