Business management is more than simply telling employees what to do. Managers must understand business organization, finance, and communication, as well as have a thorough understanding of their particular market and relevant technologies and policies. While managers are not necessarily the most important people in the organization, their work is critical to helping everyone else work together
Management vs. Leadership Skills
Management skills overlap with leadership skills, as both involve problem-solving, decision-making, planning, delegation, communication, and time management.
Good managers are often good leaders. And yet the two roles are distinct.
In general, management is about organization. There may be something mechanical about it, not in the negative sense of a “mechanical performance,” but rather in its focus on the technical “how” of accomplishing tasks. Leaders, in contrast, focus on the “why,” motivating and inspiring their subordinates. Leadership is about people. Not all leaders have the skill set to be managers, and not all managers have the skills to be leaders.
The critical role of a manager is to ensure that a company’s many moving parts are all working properly together. Without this integration, problems can arise and issues can “fall through the cracks.”
How to Use Skills Lists
Management skills are important for many different positions, at many levels of a company, from the top leadership to intermediate supervisors.
The job description may or may not say “management.” It will be up to you to read the job description carefully to determine which skills your prospective employer is actually looking for.
Researching the company carefully is also important, to find out what management style the business typically uses – and perhaps what kind of new skills the company might need.
Once you know what the organization is looking for, you can showcase those skills in your application materials and your interview.
Prepare examples of how you’ve embodying each of these skills so you can answer interview questions smoothly.
Although companies vary in what they’re looking for and what they need, you can use the following discussion to get a sense of what skills you might need to have. It’s possible you have more of these sought-after skills than you thought you did.
Top 5 Fundamental Management Skills
Most management skills are related to five basic, fundamental functions: planning, organizing, coordinating, directing, and oversight.
Individual managers may or may not be personally involved in drafting company policy and strategy, but even those who aren’t still must be able to plan. You might be given certain objectives and then be responsible for developing ways to meet those objectives. You may need to adjust someone else’s plan to new circumstances. In either case, you’ll have to understand what your resources are, develop time tables and budgets, and assign tasks and areas of responsibility.
Organizing generally means creating structures to support or accomplish a plan. This might involve creating a new system of who reports to whom, designing a new layout for the office, or building strategy and planning around how to move through a project, how to move toward deadlines, and how to measure milestones.
Aspects of organization could also mean helping leaders under your guidance manage their subordinates well. Organization is about planning and foresight, and requires an ability to comprehend the big picture.
Managers must know what is happening, what needs to happen, and who and what are available to accomplish needed tasks. If someone is miscommunicating, if someone needs help, if a problem is being overlooked or a resource underutilized, a manager needs to notice and correct the issue. Coordinating is the skill that lets the organization act as a unified whole.
Directing is the part where you take charge and tell people what to do, otherwise known as delegating, giving orders, and making decisions.
Someone has to do it, and that someone could be you.
Oversight means keeping track of what’s going on and setting right anything that gets out of place. It might include anything from reviewing business models and checking for inefficiencies to checking to make sure a project is on time and on budget. Oversight is the maintenance phase of management.
Management positions include some of the best-paid, most prestigious jobs in the country. For that reason, management, good or bad, can have a huge influence on many lives. Your skills really matter.
Management Skills List
A – G
- Achieving Goals
- Analytical Ability
- Budget Management
- Business Management
- Business Storytelling
- Conflict Management
- Conflict Resolution
- Critical Thinking
- Decision Making
- Division of Work
- Emotional Intelligence
- Financial Management
- Goal Setting
H – M
- Logical Thinking
- Microsoft Office
N – S
- Nonverbal Communication
- Obstacle Removal
- Problem Solving
- Product Management
- Project Management
- Process Management
- Public Speaking
- Qualitative Skills
- Strategic Planning
- Strategic Thinking
T – Z
- Team Building
- Team Manager
- Team Player
- Technical Knowledge
- Time Management
- Uncertainty Removal
- Verbal Communication