What is Business Management?

In the simplest of terms, business management refers to the coordination and administration of business activities, tasks, and resources to achieve a set objective. This often involves supervision and training of staff, overseeing core operations, and designing company infrastructure to optimize for the future. 

According to experts, the key to business management is striking a balance between managing work and talent. Technical expertise earns you the respect of your colleagues as a business manager, but it takes soft skills to sustain that respect. Furthermore, managerial success demands consistency, communication, empathy, and forming and nurturing of meaningful working relationships. Together, such attributes comprise an effective business management strategy.