A variety of elements influence business growth. To reach a company's full potential, it must concentrate and expend effort in a range of areas. Developing a business into a huge success seems to be a difficult task, and it surely is, especially when you do not know where to start. As a result, Barbara Humpton, CEO of Siemens Corporation, shares what business management tips she used to run her organization in this YouTube video on the George Washington University School of Business channel. Effective business management tips The first question she is asked is about the biggest risk she has taken in her professional life. She answers by saying that she has had her fair share of encounters where she was completely unaware of what was going to happen to her next. She adds that, as vital as it is to take chances in your work life, you must also continue to pursue the things that make you happy. Even if you receive no rewards, it will provide you with the opportunity to learn about how things should be done. Moving further, her conversation with Dr. Anuj Mehrotra, dean of the George Washington University School of Corporate, focuses on the role of innovation in business management. Infrastructure is created by people, according to her, and individuals must use their creativity. In her perspective, the future that people may envision using their creative brains appears to be sustainable, equitable, and resilient. She believes that the tools we have now will enhance the roles that humans play in the near future. She underlines that tools do not necessarily have to take the place of humans; instead, humans may use them to their benefit. Anuj asks her to describe the specific skills that children should focus on to guarantee they have the right knowledge, focusing on the competition that the prospective workers may encounter. She answers by stating that, since the world around us is always evolving, the most essential talent to gain is the ability to keep learning. Summary Things may never stop changing, but it is your capacity to adapt and learn them as quickly as possible that allows you to amass the necessary skill set. Business management is a challenging discipline to master. The preceding text describes how Barbara Humpton, CEO of Siemens Corporation, skillfully managed her firm. Read More Gain the skills and tools to address business management challenges with the Master of Science in Finance (MS in Finance) program from the George Washington University School of Business (GWSB).