Pavin Pavithran

How important it is to have excellent general awareness to become a Finance Manager?

Please explain every point

by Pavin Pavithran
1 answer
| Share :

1 answer

RE: How important it is to have excellent general awareness to become a Finance Manager?

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD
Verified Career Expert
Founder & CEO: Discovering Careers India
  • pune

Today MBA candidates are being rejected by companies due to many reasons. Some of those reasons are like lack of fundamental knowledge about the subject concerned, no soft skills, wrong attitude, no inter persona skills, worng information, etc. But one of the most important reasons many MBA candidates or for that matter post graduates and graduates are rejected in job interviews is their lack of business awareness, general awareness. Business awareness is the backbone of a good manager today. It is not just about having the high technical knowledge or inter personal skills or soft skills, but additionally the Manager should have the right business and general awareness which is very important in the scenario where there is daily changes happening in the business dynamics, poiltical status of the nation, international politics & business environment, etc. All these affect every single business decision today and if a manager misses on these aspects just due to poor reading skills, then the team, work and the whole organisation is at major risk. And this risk can translate into financial loss, image loss, brand loss and people loss also. A Finance Manager needs to definitely have the general business awareness since due tot he changes happening there, his finance calculations, finance strategies, financial forecasts, financial budgeting, financial risk mitigation, financial hedging also gets affected in big terms. Irrespective of the type of department of business, a manager of any department should be very well equipped to change his her business decisions based on the changing dynamics of the business, country and economy. If not done, then that is a poor manager. Managers especially of Finance, Marketing, Retail, Banking, Insurance, Info Tech, Manufacturing should very much spend time in gaining business and general awareness as much as possible and that too on daily basis. It is highly recommended for managers to read business newspapers everyday without fail which will help them to take a broad outlook towards business functions and roles. Today MBA candidates need to be taught to be aware about the business happenings and related world happenings. It is also very much necessary on the part of companies to impart relevant executive training to their employees and help them become in sync with the times.

In order to post replies to the question: "How important it is to have excellent general awareness to become a Finance Manager?"

Post Reply


What can we do after B.E in M.E branch to get government jobs?

Dear Furquan, A masters in engineering helps you to be a lecturer if you have inclination for teaching. We need good teachers for under graduate level .. read more

What can we do after clearing the IIT JEE exam? How can I prepare for this course?

Dear G P, IIT JEE needs hard work on your part. You need to be thorough with basics. To start with master NCERT books. Get some good coaching. You wil .. read more

what can a biology student choose afetr 12th

Hello Parvathi,  I am sure you are studying biology with a combination of either physics or math along with chemistry. BOth the combinations have .. read more

What college can I get after scoring 75 in AIEEE

Ganesh, is 75 the rank or is it a score in mains? You are sure to get admission in a good college. Do a survey of colleges around you for the infrastr .. read more
Most Popular

Sir main Pmt ke liye preparation kar raha mujhe last revesion kaise karna chahiye?

<a href=; DU LLB 2017</a> <a href=> Punjab BA LLB Exam 2017</a> <a href=http://www.e .. read more

What are the main work and responsibilities of a Human Resource Manager?

Human Resource Manager is responsible  for looking after the entire spectrum of HR activities including manpower planning, recruitment , training .. read more

I am a commerce graduate and confused between various options like cfa, mba, and job. What should I choose?

M.Com should be on last priority. The best option would be to continue with EY, and prepare for CAT simultaneously. The work ex will help you in getti .. read more

What to do after professional ?? confused betwen mba .. nd civil services

Hi, Suprit The following link gives you details of the syllabus for the Civil Services exam. . You will know how to go about preparing for the same ye .. read more