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London and finance




Text 7

Management Career Paths

THE JOB OF MANAGEMENT

Text 6

 

A strong management is the backbone of any successful company. This is not to say that employees are not also important, but it is management that ultimately makes the strategic decisions. You can think of management as the captain of a ship. While not physically driving the boat, he or she directs others to look after all the factors that ensure a safe trip.

 

A management career path is not a straight line. Nor is it the same for everyone. Yet all management career paths have a starting point. All have milestones along the way. Each paths leads managers to what they need to know based on where you are in your career and where your interests lie. On each visit you can go further along the path retrace steps along the same path, or start down a new path. Five paths are listed below

1. Considering Management

This person wonders whether a management career if for them. Maybe someone has suggested it. Maybe they just feel they can do it better than their current boss. Take this path to learn more about what management does and whether management might be for you.

2. Just Starting Management

This person has just started or is about to start, their first management job. This path will guide you through those first confusing challenging days and months. It takes you through the basic knowledge needed to be a manager and how to deal with the problems that crop up.

3. Going for it

This person has decided to try the management career path. They have no management experience yet, but are interested and motivated. This path leads to the knowledge and skill needed to land that first management job.

4. Experienced manager

This manager has had several years experience in management. He or she has had time to make mistakes and achieve some successes in the real world and now want to improve. This path leads to the resources to improve their skills and their promotion potential.

5. Management Pros and Consultants

These are veteran managers interested in increasing and sharing their professional knowledge and experience. They have managed different and difficult opportunities, but they know there is always more to learn. This path connects them with their peers and to cutting-edge theory.

 

 

 

London, the capital of the United Kingdom, is a political, cultural, commercial, industrial and financial centre of the country. At the same time London is one of the world’s financial capitals. The business centre of London is the City, where numerous banks, various exchanges, insurance offices, shipping and other companies have their head offices.

London is also the headquarters of many prominent international banking and insurance concerns which deal in foreign shares, insurance and bonds and handle English investments in other countries.

The central feature of government finance is the Bank of England, founded under a royal charter as a private company in 1694 to provide loans to the Government and nationalized in 1946 by Act of Parliament. The Bank of England is the country’s national bank, it carries out government monetary policies and acts as the ‘banker’s bank’ for privately owned banks and other Commonwealth nations.

Most domestic banking operations of the United Kingdom are carried on by the commercial clearing banks. The main commercial banks are Lloyds Bank, Barclays Bank, Midland Bank and National Westminster Bank, often referred to as ‘the Big Four.

Paper currency in circulation is issued by the Bank of England. The monetary unit is the pound sterling equal to 100 pence.

 

 




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