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10 Essential Managerial Skills and How To Develop Them

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31 views6 pages

10 Essential Managerial Skills and How To Develop Them

Uploaded by

Khushi Agarwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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10 Essential Managerial Skills and How

to Develop Them
Written by Coursera • Updated on Jun 12, 2024
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Discover the skills you need to be effective in a manager position and get tips for
developing your managerial skills.

Effective management requires various key skills, from good communication


and conflict management to strategic thinking. Knowing what managerial
skills you need and how to develop them can help you become a better
manager. This guide identifies ten essential skills managers need, clearly
explaining what management is, why good management matters, and how
you can benefit from being a manager.

What is management?
In business, management refers to supervising employees and overseeing
day-to-day operations to meet an organization's goals and objectives.
Managers need to have a deep knowledge of their particular industry, which
means having some level of business expertise.

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How does good management benefit a
company?
Good management helps ensure an organization's success in several ways.
These include:
• Planning: Good managers plan strategies to achieve company goals.
• Organization: Good managers know about company resources and how to
allocate them.
• Direction: Good managers know how to direct and motivate employees.
• Control: Good managers ensure employees execute tasks and make changes
when needed.

Read more: 8 Management Styles in Business: Choosing the Best Fit


What are some benefits of being a
manager?
No matter what industry you choose, being a manager has certain benefits.
Typically, managers get to enjoy the following benefits:
• Get to be involved in making important decisions at work
• Enjoy some control over what work they do and when and how they work on
it
• Spend a good deal of time in collaboration with other people and working
with teams
• Enjoy opportunities for job-related learning and development
• Have many options for career advancement within or outside of the workplace
• Receive a good salary and benefits

10 skills every manager should have


Managing companies and employees effectively takes a specific skill set. To
build your managerial expertise, consider attaining these skills:

1. Ability to delegate

As a manager, the ability to delegate can offer you a variety of benefits. First,
sharing tasks with others saves you time at work and reduces your stress
levels. Delegating also engages and empowers your employees, helps build
their skill sets, and boosts productivity in the workplace.

2. Ability to inspire and motivate

Employees depend on managers for support and guidance. By providing goals


and objectives and a clear vision for how to meet them, you can keep
employees motivated to perform their best. Other ways to inspire and
motivate employees include finding ways to make work more engaging and
rewarding and providing positive and helpful feedback.
3. Conflict-management

Workplaces typically have occasional conflicts, so knowing how to navigate


them makes managing easier. This skill involves identifying the cause or
causes of conflicts and coming up with quick and effective remedies.

4. Decision-making

Decision-making involves identifying an issue, weighing options, and taking


action. The ability to make decisions can save time, boost productivity, build
trust, and reduce confusion in the workplace.

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5. Effective communication

Being a manager involves interacting with people regularly. On any given day,
you might run a staff meeting, make a presentation to board members, or
resolve a conflict between two employees. In addition to conveying
information, listening when communicating is essential. Practicing good
listening helps you be present, maintain eye contact, and paraphrase what
your speaker says.

6. Emotional intelligence

If you can manage your emotions and help manage the emotions of others,
chances are you have emotional intelligence. Emotionally intelligent managers
often have empathy for others, a sense of self-awareness, an ability to think
before speaking or acting, and a high degree of resilience.

7. Flexibility

Roadblocks pop up in any workplace, and good managers know how to get
around them. Flexibility involves finding multiple ways to manage a team,
complete a task, or solve a problem.

8. Organization

As a manager, you may have much to handle at once, including tasks, reports,
meetings, projects, and presentations. Good organizational skills can help.
These include goal setting, scheduling, time management, and recordkeeping.

9. Problem-solving

Problem-solving goes hand-in-hand with decision-making. The process


involves identifying a problem, weighing solutions, choosing the best one, and
evaluating whether or not it works. Managers who are good problem solvers
have an easier time meeting company goals and objectives.
10. Strategic thinking

Managers who can strategically think offer great value to companies. Strategic
thinking involves the following:
• Analyzing data to come up with strategies
• Creating strategies for meeting company goals and objectives
• Thinking of ways to implement strategies
• Directing others in the completion of goal-related tasks
• Communicating the results to company stakeholders

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