The Management & Entrepreneurship career cluster focuses on keeping organizations and businesses running smoothly. The work of this cluster is to plan and evaluate business strategies, lead teams, launch businesses, and solve problems to foster business growth.
Management and entrepreneurship roles have shaped economies for centuries—from old world artisan guilds and merchants to today’s corporate leaders and startup founders. Today, this cluster reflects a modern blend of leadership, innovation, and digital transformation.
Employers in this cluster include just about every type of business and organization. They range from small start-ups to Fortune 500 companies, and from tech firms to healthcare, retail, government agencies, and nonprofit organizations. Entrepreneurs start their own businesses; they may hire employees or run their businesses entirely on their own.
Digital innovation and the rise of AI are re-shaping almost every facet of management and entrepreneurship. The practice of business analytics uses historic data about a business and applies statistical models to predict consumer behavior, impacts of different decisions, trends, risks, and more.
Managers apply this data to make business decisions, such as whether to launch a new product or venture, how to price products for different markets, or identify the most effective marketing strategy for a particular audience.
The management and operations of many companies are also integrating sustainable business practices, including improving energy efficiency, reducing waste, creating ethical supply chains, and promoting fair labor practices.
Quick facts:
- Remote and hybrid work that spiked during the pandemic remains common in this field.
- Management in most industries is responsible for meeting significant health, safety, financial, and environmental regulations.
- E-commerce and online marketplaces continue to be major drivers of opportunity, and businesses are investing in digital marketing to boost their online presence.
- Continuous adaption is needed as industries grow and shrink in response to economic trends, technology innovations demand new skills and roles, and the global marketplace raises competition and complexity.
Whatever your career direction, you can find options that fit. Keep exploring at CareerOneStop.org/ExploreCareers