Updated: Nov 18
Author: Hrvoje Kustec
Date of Publication: 10/11/2022
A management position involves being in charge of running and structuring a business or company. Around 85% of newly hired managers receive no training before taking the position. As a result, half of them fail during their first year. In addition, research shows that low quality management decreases employees productivity and business profits. Hence the importance of good management.
Management includes a set of skills that cannot be learned overnight. However, if you take the right approach and consider yourself a student of the “game”, you can definitely do it. Being a good manager means learning by making mistakes and not being afraid to lead and inspire. Let’s look at the skills needed to become a manager.
Management tips: skills to become a successful manager
Management is a broad and complicated discipline. Therefore, we will give you some management tips and point out some of the most valuable competencies to become a great manager.
● Clear communication
Every manager has to have efficient communication skills with their employees and subordinates in order to keep business afloat.
● Know how to listen
If employees realize that you don’t care about what they have to say, they will stop speaking and you will lose your credibility as a manager.
Every efficient leader knows when it’s the right time to let someone with more expertise and knowledge do a job or task for them.
● Training and mentoring
Managing well means leading employees and encouraging them to reach their goals. As a result, the company will also be able to achieve its goals.
How important are social skills in the management sector?
The ability to communicate with people, both verbally and nonverbally, is known as social skills. Social skills include careful observation, empathy, cooperation, written and verbal communication, as well as active listening. Developing social skills could help you with:
Working as a team on various projects
Growing your own professional network
Getting useful feedback from employees
Implementing effective communication in the whole company
As more of your interpersonal skills are developed and advanced, you have a better chance to keep and upgrade the productivity of your business. Therefore, social skills are very important in the management sector. Without them, there is a high chance of failing as a manager.
Types of management that professionals can get into
● Project management
It’s using certain information, skills and tools to provide others with something of value. Project management usually involves teamwork. There is often a team, budget, timetable, and a list of requirements that the team must follow. As a result, there are some expectations in project management that you need to fulfill if you are a manager.
● Supply chain management
It covers all procedures that convert raw materials into finished commodities. As a result of efficiently managing the supply chain, organizations can deliver their products faster. Supply chain management also consists of planning, sourcing, producing, and taking care of the inventory management.
● Inventory management
It’s an essential part of the supply chain. Having the right items, at the right location, at the right time is the main goal of inventory management. Therefore, if there is a strong and efficient inventory management at your company, your business will most likely be successful.
● Consulting management
The main task of consulting managers is to fill in the gaps if the company lacks a set of skills to complete a certain project. Consulting is popular because it is usually cheaper than hiring new employees. In addition, an advantage of consultants is that they can focus on one given project without getting distracted by other company tasks.
How to succeed in management as a beginner
Learning how to become a manager is a long process. It takes time and discipline to build and upgrade your set of skills. Abilities like being a good communicator and listener, delegating and mentoring employees, are very important competencies. Having them will most likely make you a successful manager. In addition, possessing the right social skills could help the company be successful.
Besides that, management is very broad, and includes different sectors. Some of them are project management, supply chain management, and inventory management among others. While these sectors share a few similarities, especially in terms of the skills needed, they are also quite different.
Every young student or professional could find themselves in the management field at some point in their lives. Hence, the main suggestion is to never stop learning and acquiring new knowledge. Simply thinking that you would be good as a manager is the wrong approach to have if your goal is to become successful. This is because management requires a lot of work, discipline, and good social skills.
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