A managing director coordinates the activities for a specific organization. He also keeps business goals and objectives in mind and makes sure employees are all on board with those goals and objectives. In other words, he controls resources and expenditures.Know More
Some managing directors control sections of a company while others are in charge of the activities of the entire company or organization. They provide training and guidance to employees while delegating responsibilities to those employees. Managing directors are sometimes in charge of hiring and creating work schedules. If work goals are not met, the director is sometimes in charge of firing employees as well. Managing directors hold meetings and give presentations in these meetings. They must also make sure there is financial security in the company.
Managing directors must support the partnerships and the company's alliances while representing the company to the public, stakeholders, major customers, professional organizations and any business partners. When the director plans and implements the company's calendar of events, these include such activities as fundraisers, official administrative acts and other special events. Sometimes called the chief executive officer, the managing director must be able to freely communicate with the chairman of the board of directors of the company or organization. He has to let board members know of any changes to the company.Learn more about Managing a Business
The primary duty of a supervisor is to oversee the activities and development of staff members. Additionally, he answers to the company management and serves as a mentor to the employees. More duties of a supervisor include maintaining discipline in the workplace and addressing situations in which a conflict arises.Full Answer >
Procurement management is the practice of planning and directing the activities of purchasing agents who buy materials needed for the operations of a company or organization. Procurement management also involves oversight of the supplier evaluation and purchase negotiation process.Full Answer >
According to the Merriam-Webster Dictionary, administration refers to the activities that are related to operating an organization such as a company or a school; the collection of individuals who run an organization; or the part of a government that is identifiable with that government's leader. The medical definition of administration refers to executing something directly or doling out medication. The word was first used in the 14th century.Full Answer >
A supervisor's role generally encompasses monitoring and influencing the workplace flow as well as managing employees. Of course, the duties of a supervisor can and do vary depending on the industry and which roles are necessary for the supervisor to fulfill.Full Answer >