In many businesses, the role may be established to relieve the owner of responsibility, in order to focus on specific aspects of company expansion. Typically, the business manager and the owner work may work in synergy to ensure successful running of business. Having a specialization in a particular field, such as sales, marketing, public relations or finance aids in efficiency, yet despite the usual academic qualities of a business manager, business managers also develop personal qualities that are helpful in performing the role efficiently.
A social skill of a business manager is the ability to understand and know what each of their subordinate employee's tasks are and how to work with each employee in working toward successful completion of such tasks.[4]
A business manager should be willing to accept constructive criticism from employees, develop social skills, be organized, honest and able to take good decisions. A good business manager should be willing to work along his or her employees in order to create a better work environment.
Compare:
Sivagnanam, K. Jothi; Srinivasan, R. (2010). "Business Economics: Definition, Nature, Scope and Concepts". Business Economics. New Delhi: Tata McGraw-Hill Education. p. 18. ISBN 9780070682153. Retrieved 16 October 2019. The economic theories and methods help business manager [sic] to make efficient choices that give optimum results in business problems using techniques such as profit maximisation, demand forecasting, optimum price determination, cost minimisation, revenue forecasting and revenue maximisation.