What is a Group Director?

Directors report to board members regarding what's going on with the company as a whole. Then together, they work to develop new marketing and business strategies to help the company grow and expand.

Typically, directors have the ultimate, hands-down decision making capability, which is a lot of responsibility for one person, especially considering the type of decisions you'll be making. Any top-level decisions will come to you. You may also be responsible for approving a final budget and making sure company policies are being followed.

Some directors have long work hours, it depends on your employer and industry. Some directors will work longer than the typical 40-hour work week and many have erratic schedules that are determined by meetings, which are usually held after normal business hours.

Managing director controls and directs the operations of the company. He/She takes orders from the board in line with the mission and objectives of the company. As a Managing director, you will make sure that well-trained and developed staff are recruited to increase the company's output. Likewise, you will prepare a good business plan for the company and make sure you monitor the progress of these plans to ensure the company achieves its objectives effectively and efficiently. Therefore, you will relate the reports to the board and give strategic advice to make them know the developments within the company.

A proven successful record in senior management, preferably in the industry or related industry, is a needed requirement for the post. Required skills for the post of the managing director include excellent organizational, analytical, and problem-solving skills. Since the managing director is in charge of the company, he/she will need excellent communication skills and a wide knowledge of the company. With this, you can earn $160,351 on an average per year.

Many people seem to struggle with what business development entails. Mostly, because the business itself has so many different operational activities. But what it relates to is actually the act of acquiring new business to increase sales. Within the sales team, there are generally three important roles. The business development executive is responsible for generating leads and closing new accounts. An account manager is responsible for managing the relationship of these existing accounts. Last, but not least, a business development director is responsible for setting strategic plans to effectively chase, maintain, and deliver for new and existing business accounts.

A business development director is involved in tasks such as conducting market research, developing account management strategies, identifing business opportunities, and liaising between the sales team, vendor, and customers. Besides that, they track performance targets, handle requests for proposals, and facilitate the hiring and training of sales staff.

Employers require business development directors to have a bachelor's degree related to business. In addition, three to five years of relevant work experience need to be demonstrated. This role earns, on average, $57 per hour and suits individuals who have a passion for sales and management.