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A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of the firm's marketing and sales functions as well as the day-to-day operations of the business.
A general manager (GM) in American football is a team executive who is typically the head of football operations, which includes leading the scouting department and being responsible for handling free agent transactions and contract negotiations with players and coaches. Under such a model, the GM reports directly to the owner or team president.
General manager (basketball) In basketball leagues such as the NBA and WNBA, the general manager (GM) of a team typically handles player transactions, manages contract negotiations, and has the power to hire and dismiss a head coach. The exact title and responsibilities held by a general manager can vary from team to team. Some teams choose to ...
The following is an example of how positive reinforcement can be used in a business setting. Assume praise is a positive reinforcer for a particular employee. This employee does not show up to work on time every day. The manager decides to praise the employee for showing up on time every day the employee actually shows up to work on time.
Functional manager. A functional manager is a person who has management authority over an organizational unit—such as a department—within a business, company, or other organization. Functional managers have ongoing responsibilities, and are not usually directly affiliated with project teams, other than ensuring that goals and objectives ...
The cover of The Peter Principle (1970 Pan Books edition). The Peter principle is a concept in management developed by Laurence J. Peter which observes that people in a hierarchy tend to rise to "a level of respective incompetence": employees are promoted based on their success in previous jobs until they reach a level at which they are no longer competent, as skills in one job do not ...