What are managerial skills?

By Shaurya Sharma2 min read · Posted Jan 2, 2023

13
Views

“Management skills”. This is a phrase that is commonly used in job interviews, resumes, and other things related to the workforce. But, what exactly are these, and why are they so important?

According to the Corporate Finance Institute, the basic definition of management skills is “certain attributes or abilities that an executive should possess in order to fulfill specific tasks in an organization.” These are needed to be a good manager, to be able to delegate tasks and get work done. This includes being able to solve problems when they arise and dealing with crisis situations appropriately. These skills can be learned through experience with being a manager which helps them work well with their co-workers, making communication and tasks very easy for the organization. Management skills are very important for organizations to succeed. Management and leadership skills are often considered similar, as they both involve delegating tasks, time management, communication, etc. Management skills also help with making sure that all parts of the corporate machine are doing well, to get more work done. But, there are a few main types of management skills, that every manager strives to have.

The first type is delegation. This is probably one of the most important skills. Managers need to be able to give their subordinates work and be able to follow through with them throughout the process. Managers need to be able to accept that they can’t do everything and they will need to give work to others. Delegation helps managers optimize their efficiency, avoid them wasting time, and helps with developing the responsibilities of employees.

The second type is communication. Communication is important because it will decide how well tasks and internal communication will flow throughout an organization. A manager’s way of communication will also determine how directions will be followed and how well tasks can be completed. Communication involves any message that has to be passed on, be it in oral, digital, or written form, and it makes sure that everyone is in the loop about the progress and goals of the organization. Having the communication channel clearly established allows a manager to tackle issues, and questions and promote collaboration among the team. A manager that has good communication skills is able to gel with their subordinates well, increasing their productivity.

Another type of management skill is planning. Planning refers to the ability to think ahead and organize activities with consideration of available resources throughout the organization. This involves setting goals for what you want to accomplish and also making a detailed roadmap of how to get to those. Without a good plan, nothing concrete can be done, as there will be no set path as to where the team needs to go. Without a good plan, nothing can be achieved.

In the end, management skills are skills that include all of these and more, and with these, any manager can stand out and be a favorite of their subordinates. These skills are essential to run any organization and achieving goals and objectives.

References

  • https://corporatefinanceinstitute.com/resources/management/management-skills/
  • https://www.marketing91.com/management-skills/ (cover image)

About The Author

Shaurya Sharma

10
Articles
2348
Total Views
12
Total Likes
1
Total Shares

Hello, my name is Shaurya, and I am a high school student writer at Pitch Labs. I am interested in writing, literature, neuroscience, and using writing to inform people about important topics. I hope to major in neuroscience with an emphasis on surgery.

See more posts by Shaurya Sharma

Comments

More in Operations


Operations » Human Resources

What is the Equity Theory of motivation?

by Jyothirmayee Vishnusekhar ·Jul 5, 2024

45
Views

We investigate the importance of motivation theories in complex work environments and outline major conclusions from the equity theory of motivation. Read more

Operations » Human Resources

What is moral intensity and what factors affect it?

by Roxanne Guiney ·Jul 1, 2024

25
Views

The moral intensity model suggests that people make ethical decisions based on six factors of a moral problem. Read more

Operations » Project Management Tools

What is the four gate model of entrepreneurship?

by Jyothirmayee Vishnusekhar ·Jun 21, 2024

26
Views

The entrepreneurship journey is pictured as having four stages/gates, starting at the idea gate and ending at the exit gate, and critical features are explained. Read more

Operations » Human Resources

What is an Employee Evaluation and What Is Its Evaluation process?

by Hadrat Ajao ·May 22, 2024

380
Views

An employee evaluation is used to rate an employee's areas of strength and need for improvement. It involves preparation, evaluation meeting, evaluation report, follow-up, documentation and implementation, and continuous feedback. Read more

Recent articles


Legal » Protections

What is the BBB - Better Business Bureau?

by Mark Schmidt ·Jul 26, 2024

3
Views

Find out what the BBB does, how trustworthy it is, and whether its accreditation is best for you and your company. Read more

Financial » Funding

How do business or companies get funded?

by Jyothirmayee Vishnusekhar ·Jul 24, 2024

13
Views

Funding is vital for start-ups & companies to get off the ground. What you need to know about funding your companies/businesses is analyzed & compared. Read more

Marketing » Advertising

How to effectively use promotion and marketing strategies

by Degreat Michael ·Jul 22, 2024

9
Views

Learn about promotional marketing strategies for businesses (small and big). You’ll discover the difference between promotion and marketing and more. Read more

Financial » Investing

What is a stockholder? What are shares?

by Favour Ndime ·Jul 19, 2024

15
Views

Stockholders own shares of a company which entitles them to vote, receive dividends, and enjoy gains from stock price increase. This article further describes stockholder rights and responsibilities, and the differences between common vs. preferred stock Read more

Join Our Community


Looking for something else? Get your questions answered in our free online learning community!

Entrepreneurial Resources


Jumpstart your next business with our free resource library.

Disclaimer


Our organization cannot give out official legal/fiscal guidance. All articles are written by volunteers and it may be beneficial to contact professionals to assist your understanding of the information and to guide your action. Pitch Labs bears no responsibility for the results of actions taken based off of article content or any other form of assistance given.