MGT 420 Module 1 Discussion Question 3:

What are key managerial skills and competencies? Explain how they vary across management levels.

ADDITIONAL INFORMATION 

Key managerial skills and competencies

Introduction

Managing people is often the most challenging part of being a manager. One of the biggest challenges for managers, according to Harvard Business Review, is figuring out how to get employees to follow directions and do what they’re told without being confrontational or bossy. Managers need to be able to motivate employees who may not be motivated by money or career advancement but rather by something deeper: mastery over their own work lives. But how do you motivate someone who’s not happy doing what they’re doing? And how can you ensure that your employees will deliver quality results without disrupting the flow of their daily tasks? These are some of the questions that come up in any workplace where managers must coordinate multiple departments’ efforts toward common goals.

The ability to manage and lead people

• The ability to manage and lead people, including individuals within your team.

• The ability to inspire others through your actions, words and deeds.

• A good understanding of human resource management principles (e.g., hiring and firing).

Strategic thinking

Strategic thinking is the ability to think about the future and make decisions based on it. It’s important for managers because it helps them make good decisions about where their business should be going, what it needs to do in order to achieve that goal, and how those plans can be implemented.

In order for managers to develop strategic thinking skills, they need:

• A clear understanding of their company’s mission statement (or vision) and its goals/objectives;

• Knowledgeable about industry trends; and

• An ability to analyze data using tools such as graphs or charts

Decision-making skills

One of the most important skills you can develop as a manager is decision-making. The ability to make decisions, in both a timely and effective manner, is essential for success as an executive. If you’re not able to make good decisions on behalf of your team, it will show up in your results—and everyone else’s results too!

It’s also worth noting that there are different types of decisions: You might need to decide whether or not to invest money into research for new products; whether or not to hire someone new; whether or not another employee should be promoted; etcetera… The point here is that if you don’t have experience making these kinds of decisions then it might be time for some training!

Effective communication skills

Communication is a key skill for managers, whether you’re a CEO or a team leader. It’s important to know how to communicate effectively so that people can understand what you want them to do and get it done on time.

• Be clear about your message: If there are any misunderstandings about the meaning of what you say, then the other person won’t understand what it is that you want from them.

• Use body language: This can be one of the most effective ways of communicating with others because they pick up on these signals immediately and know whether or not they’re getting through clearly enough without having spoken out loud themselves! You might think this comes naturally but remember: everyone else isn’t looking at their hands while doing so; they’re watching every move we make (which means those little things matter).

Excellent organizational and planning skills

Excellent organizational and planning skills are a key managerial competency.

• Managing your time well. A manager must be able to balance his or her work with family, friends and leisure activities. This requires good planning skills in order to insure that everyone has enough time for what they need or want.

• Planning ahead for the future: It’s important to plan ahead so that you can make decisions based on sound information rather than reacting impulsively when something happens unexpectedly (whether it’s bad news from the boss or an unexpected expense).

Self-motivation

Self-motivation is the driving force behind your actions. It’s what makes you want to do something even when it doesn’t seem like anything good will come from it. You need self-motivation to get out of bed in the morning, go through your day and then turn around again at night.

Self-motivation is a skill that can be developed and improved over time by taking small steps towards achieving bigger goals, such as improving sales figures by one percent each week for three months or losing weight by exercising more often (or both).

The ability to motivate others

Motivation is a key factor in the success of a manager, as it is necessary to motivate others and yourself. The ability to motivate others can be achieved through various methods such as rewards, punishment and peer pressure. When you are able to motivate yourself by setting goals or developing your personal vision for success, you will be able to encourage those around you who need support from time to time.

Delegation Skills

Delegation is an important skill for managers to have, especially because it helps them to be more efficient. Having a good delegation strategy can help you save time and resources while also increasing productivity.

Delegating tasks is not just about giving someone else the job of doing something yourself; it’s also about knowing when someone else can do something better than you could do yourself. For example, if there are multiple tasks in your team that require similar skills or expertise—such as writing emails—you should ask other members of your team whether they would like these roles transferred over based on their capabilities and experience levels. In this way, you will ensure that each member has access to all necessary information needed for completing their specific responsibilities within their respective departments/roles within larger organizations (e..g., marketing vs engineering).

Within a company, a good manager’s role is complex and multidimensional.

A good manager’s role is complex and multidimensional. The manager must lead, motivate and manage people in order to create a vision for the company. The manager also needs to be a coach and mentor, as well as a leader and example.

Conclusion

A good manager is one who can take responsibility for the successes and failures of his/her subordinates. It is essential that you have strong leadership skills to be a successful manager. This ensures that employees feel motivated, know what is expected from them, and participate in team-building activities.

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