Competencies of management
What are the key competencies required for effective management?
Technical skills, human skills, conceptual skills, decision-making and leadership skills.
Where are the main functions of management?
Planning, organizing, leading and controlling
What is organizational performance?
It measures how well an organization achieved its goals
Where are the essential skills of management?
Technical skills, human skills, conceptual skills, and decision-making skills
What are the main types of management?
Strategic, operational, financial, human resource, and project management
How do emotional intelligence and management competences relate?
What is the purpose of the planning function in management?
Involves setting objectives and the determining the best course of action to achieve them
What are the key indicators of organizational performance?
Including profit margins, customer satisfaction, employee engagement, and market share
What are the technical skills in management?
They involve knowledge and proficiency in specific tasks or processes relevant to the organization
What is strategic management?
Focuses on long-term goals and competitive advantage
What is strategic thinking a critical competency for managers?
It helps managers anticipate trends, set objectives, allocate resources efficiently, and manage risks
How does organizing contribute to effective management?
Arranging resources and tasks to implement plants, efficiently and ensure smooth operations
How can organizations improve their performance?
My optimizing processes, training employees, and setting clear goals
Why are human skills important for managers?
Are crucial for effective communication, teamwork, and conflict resolution within a team
What does operational management entail?
Oversees daily operations for efficiency
what role does adaptability play in management competencies?
It allows managers to respond to change, innovate, lead through uncertainty and engage in continuous learning
What role does leading play in management?
it involves motivating and guiding employees to achieve organizational goals, fostering teamwork, and a positive work in environment
what role does the employee engagement play in organizational performance?
High employee engagement boosts productivity and reduces turnover
What are conceptual skills in management?
They enable managers to understand complex situations, and see the organization as a whole
What is the role of financial management?
It plans and controls financial resources
What is the role of an enabler?
focuses on creating an environment where employees can thrive and perform at their best.
What is the importance of the controlling function in management?
It monitors progress, compares it with goals and takes corrective action to ensure objectives are met
How can performance be measured in an organization?
Through financial metrics and employee/customer feedback
How do decision-making skills impact management?
allow managers to analyze information and make informed choices that affect the organization
What is project management?
Involves planning and executing projects to meet goals