managingdirectorjobdescriptionManaging Directors are responsible for overseeing the activities of a specific department or even an entire organization. In some companies, the term Managing Director and CEO are interchangeable depending on the size of the business and its organizational structure.

Your primary objective as Managing Director is to ensure that all business goals are reached. Other responsibilities include guiding and monitoring the overall workflow of the organization from a high-level perspective. The Operations Management course explains how this applies to your role as a Managing Director.

Managing directors are extremely important to the overall health of a company. Although the work can be demanding, you can expect to be paid very well for the work that you do and there is typically no shortage of opportunities assuming you are qualified to become a Managing Director.

Typical Workload

While your primary duties consist of high-level management such as monitoring the performance of other managers and department heads, you may be required to perform various other tasks as required. It’s not uncommon for a Managing Director to meet directly with clients (especially for large contracts) as this makes the client feel important and eases any concerns they have about the sales process.

Other duties you may be asked to perform as a Managing Director include:

Depending on the structure of the organization, you could be at the top of the executive order as a Managing Director. In other cases, there is a separate board that makes all final decisions. Either way, there is a great deal of responsibility inherent to this position and most (if not all) employees within the organization will look to you for guidance and instruction.

Skills & Tools

You are required to make significant financial decisions for the organization on a daily basis. Everything from approving purchase orders to vendor selection falls on the shoulders of the Managing Director. For this reason, a solid foundation in business economics is required for this position. Economics Without Boundaries teaches business economics for executives.

Much of your communication will be through email. Although internal emails can be less formal, when you email clients there is an expectation of professionalism in your correspondence. Writing Effective Business Emails demonstrates tactics you can use to communicate with anyone through email.

Likewise, verbal communications are just as important in this position. Not only will you be speaking directly with other members of management and lower-level employees, but you will frequently speak directly with clients. Speak More Smoothly, Fluently, Clearly & Confidently helps you develop strong verbal communication skills that apply in the business world and in your personal life.

You may be required to speak publicly when representing the company to stakeholders, the public, and business partners. Effective public speaking is an entirely different skill which you can learn more about in Public Speaking the Fearless Way.

Although you will not create annual reports personally, your position requires that you oversee the creation of these reports to ensure accuracy. These reports are typically created in Microsoft Word, which you can learn more about in Advanced Microsoft Word 2010.

PowerPoint is also used extensively to create slideshow presentations. These are used for training, internal reporting, and client facing presentations as well. You will be required to help develop these presentations; usually working in conjunction with other team members. Make sure you are maximizing the effectiveness of your PowerPoint presentations with PowerPoint 2013.

You can look at the daily operations of your organization as a project. Each day, the goal of the project is to maintain or increase profitability. Project management is a necessary skill that can be difficult to master. Project Management Training helps you develop tactics for successful project management at any scale.

Becoming a Managing Director is the goal of many business professionals. This makes it a very competitive marketplace as most businesses only have one Managing Director and several professionals competing for the position.

The best way to secure your role as the Managing Director is to focus on developing the skills described above. Business prowess is no longer enough as organizations expect you to take on more responsibilities and represent the company publicly at the same time. When you combine a sound understanding of business principles with effective communication and management skills, you should have no problem landing your next role as a Managing Director.

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