General Manager (GM)

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Definition of 'General Manager (GM)'

A general manager (GM) is a high-level executive who oversees the daily operations of a company or division. They are responsible for setting strategic goals, developing plans to achieve those goals, and managing the resources necessary to execute those plans.

GMs typically have a wide range of responsibilities, including:

* Developing and implementing business plans
* Managing budgets and financial performance
* Hiring and firing employees
* Ensuring compliance with company policies and procedures
* Representing the company to external stakeholders

GMs must be highly skilled in a variety of areas, including:

* Leadership
* Communication
* Problem-solving
* Decision-making
* Negotiation
* Teamwork

GMs are typically promoted from within the company, and they typically have a bachelor's degree in business administration or a related field. However, some GMs may have earned their positions through experience in other industries or through an MBA program.

The role of a GM is critical to the success of a company. GMs are responsible for making sure that the company is operating efficiently and effectively, and they are responsible for ensuring that the company is meeting its goals.

Here are some additional details about the role of a GM:

* GMs typically report to the CEO or president of the company.
* GMs typically have a team of direct reports, including department heads and other senior managers.
* GMs typically work in a corporate office setting, but they may also spend time traveling to meet with clients or employees.
* The salary of a GM can vary depending on the size of the company and the industry. However, GMs typically earn a six-figure salary.

The role of a GM is a challenging and rewarding one. GMs have the opportunity to make a significant impact on the success of a company, and they can also develop their leadership skills and experience.

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