October 5, 2022

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The 4 types of Business Management Jobs

For entrepreneurs looking to work for themselves, or even people hoping to make a career change, building and managing a business can be a daunting task. There are dozens of different careers that can be pursued within the business management field, each with its own set of skills and responsibilities. This blog post discusses the four main categories of businesses in terms of their structure, key players involved in their success, and important tasks required to run them smoothly.

INDUSTRY –

 The product will have been created by an individual entrepreneur who has hired other skilled professionals to help him or her with the product’s development and marketing strategy following some existing pattern that is already successful. The industry may be characterized by some preexisting technology and/or marketing strategies. For example, a successful tech entrepreneur might create a new app with revolutionary software that can be marketed to millions of users with the help of other professionals.

ORGANIZATION –

The company will have been created by and professionally run executives (CEO and key managers) who have hired other skilled professionals to help them with their mission. The benefit of a corporation is their legal structure (limited liability) and their resources (capital, equipment, human capital). These are the largest and most complex of all organizations. They may also organize in different entities according to geographic division or product lines. For example, a multinational corporation might have a food product subsidiary, a technology product subsidiary, and an entertainment product subsidiary in different countries.

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PUBLIC ORGANIZATION –

 These are the organizations that have been created by society at large to achieve some public goal. They are organized according to existing structural patterns for such goals that may include modern business practices. For example, a city may create an organization of public employees (police department) to serve their citizens who in turn pay taxes or provide other ransom or tasks required of them. A country might create Social Security or Medicare organizations to collect private funds and distribute those monies as social welfare benefits according to existing rules and regulations.

UNIVERSITY –

These are organizations designed to provide a systematic body of knowledge according to some pattern that has been developed in the past. They will have faculty members (professors), students and course development routines. Universities may be private, public or some combination thereof. For example, a private university would most likely be funded by individuals and companies seeking to influence curriculum, whereas a state-run university would most likely be funded by tax dollars for the purpose of providing mass higher education at little or no cost to the public.

If you are still stuck on what kind of career path is best for you, consider choosing from just one type of organization – one that appeals most to you. Or, it might be better to begin by volunteering at an existing type of organization and see if you enjoy it.

Once a professional is established in a particular career path (for example, working for a company that specializes in the information technology industry), he or she will have the opportunity to expand into related industries by creating their own product/service. An IT manager might decide to create an app, while developing an education website to market his or her product and attract customers that like what they see. The same can be said of any branch of management and every industry imaginable.

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Conclusion

Organization management jobs are just one of the four main types of business management careers. This blog discussed the nature of these careers and the roles required to successfully run a business. The next step would be to determine which one of these types of management jobs would be best suited for you as well as what area within that industry you might want to pursue (for example, marketing, finance, human resources, etc.), then research a few hours on the internet and make an excellent impression on them with your resume. Good luck!