What makes the management career path so attractive?
Pursuing a path as a manager gives you a fast-track to responsibility, allowing you to jump through the hoops as you progress from lower levels of management right up to the top.
A major type of Skills to develop:
- Hard skills: If you’re a software engineer, one of your hard skills may be proficiency in programming languages. As a manager, it’s important to develop these abilities so you can effectively lead others in honing the same skills.
- Soft skills: Problem-solving, time management, and verbal communication are all examples of important soft skills.
While hard skills are key when completing specific tasks, soft skills are essential when directing people, overseeing projects and making informed decisions let’s have a look at the wider Management Skills sets required to succeed in your Management Position:
1) Critical thinking & Decision Making
Critical thinking is the ability to make good decisions, and take appropriate action to solve problems. For the organization to run effectively and smoothly, clear and right decisions should be made. A manager must be accountable for every decision that they make and also be willing to take responsibility for the results of their decisions.
2) Communication and motivation
- Mastering all forms of communication including written, verbal, and listening skills. You’ll liaise with a variety of people, from entry-level employees to heads of departments and CEOs -via email, social media, phone, presentations, meetings, and one-to-ones.
- Establish a trusting relationship with your employees so they feel comfortable sharing information with you. Having an open-door policy or weekly or monthly team meetings should facilitate this.
- Active encouragement, recognizing achievements, and taking an interest in the lives of your employees, ensures that staff feels valued. A positive workplace creates happy, motivated employees.
3) Business Finance for Non-Financial Managers
- You need to understand all the basic financial reports of the company – including the Profit & Loss, the Balance Sheet, and the Annual Reports. This is important for your role and for your strategy.
- You need to master budgeting and forecasting – this is probably one of the toughest parts of a manager’s role.
4) Negotiation Skills
You have to negotiate with colleagues, business partners, suppliers, and clients. You need to be able to develop win-win strategies using the best practice of negotiations.
5) Understanding How All Parts of the Company Work Together
- You need to be a great “all-around manager” who understands how all the different parts of the organization work together and achieve the overall results.
- Understand the overall strategy, the financial goals, the role of marketing and sales, the impact of leadership, and the supply chain management process.
6) Business Strategy, Planning & Delegation
- Whether it is a team, department, or division level, you probably have to brainstorm, develop, and then execute your strategy.
- What are the pitfalls and how can you avoid them? As a strategic thinker, you’ll encourage innovation and change in order to make your team and the organization as a whole more productive and profitable.
- Then comes delegation. A manager with good delegation skills is able to effectively and efficiently re-assign tasks and give authority to the right employees. It helps the manager to avoid wastage of time, optimizes productivity, and ensures responsibility and accountability on the part of employees.
Acquire these skills while you are studying in different ways such as volunteering for taking leadership in various programs, events, handling communication departments, etc.
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