It depends on the industry, but in a broad sense, the title can refer to someone who is in charge of monitoring a company’s income and expenses, cash flow, and daily operations; additionally, a general manager might be involved with strategic planning and human resources.
As for authority, the GM is typically near the top of the food chain reporting only to the company’s board of directors or executive officers.
2006-06-10 08:25:32
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answer #1
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answered by d-train 3
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That really differs from company to company based on size of the organization, the structure of the hierarchy, etc.
Here's what the Dept of Labor has to say:
"The nature of other high-level executives’ responsibilities depends on the size of the organization. In large organizations, the duties of such executives are highly specialized. Some managers, for instance, are responsible for the overall performance of one aspect of the organization, such as manufacturing, marketing, sales, purchasing, finance, personnel, training, administrative services, computer and information systems, property management, transportation, or legal services....
In smaller organizations, such as independent retail stores or small manufacturers, a partner, owner, or general manager often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties."
Hope that helps!
2006-06-10 08:22:47
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answer #2
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answered by TM Express™ 7
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The state law for that type of entity (Corporation, LLC, partnership, etc) and the specific rules and policies of that company (corporate bylaws, LLC regulations or operating rules, partnership agreement, any rules passed by an authorized body or official of the company)
2006-06-10 08:23:50
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answer #3
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answered by Jimbo Ketan 2
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