Monday, July 13, 2009

General manager

General Manager or GM for short is a descriptive term for certain executives in a business operation. It is also a formal title held by some business executives, most commonly in the hospitality industry. A General Manager has broad, overall responsibility for a business or organization. Whereas a manager may be responsible for one functional area is responsible for all areas.
 
Most commonly, the term general manager who has overall responsibility for managing both the revenue and cost elements of a statement. This means that a general manager usually oversees most or all of the firm's marketing and operations of the business. Frequently, the manager is also responsible for leading or coordinating the strategic planning functions of the company.

Depending on the company, individuals with the title Managing Director, Regional Vice Product Manager may also have general management responsibilities. In consumer products companies, general managers are often given the title Category Manager. In professional services firms, the general manager may hold titles such as Managing Partner or Managing Director. 

In hotels, the General Manager is the executive manager responsible for the overall operation of a hotel establishment. The General Manager holds ultimate authority over the hotel operation and usually reports directly to a corporate office or hotel owner. General managers are usually responsible for the selection of players in player drafts .

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