Community//

Managerial Competencies – Learn 10 Key Skills

Managerial competencies are extremely important for the good development of the company. They influence not only management processes but also the success of the entire organization. Therefore, in order to successfully develop a company, one must first of all take care of the manager’s key competencies. What are these competencies? Which skills are most important in today’s business world […]

The Thrive Global Community welcomes voices from many spheres on our open platform. We publish pieces as written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Community stories are not commissioned by our editorial team and must meet our guidelines prior to being published.
payday loans Texas

Managerial competencies are extremely important for the good development of the company. They influence not only management processes but also the success of the entire organization. Therefore, in order to successfully develop a company, one must first of all take care of the manager’s key competencies. What are these competencies? Which skills are most important in today’s business world and will be equally significant in the future? You will find the answer today!

10 Key Competences of a Manager in A Modern Organization

Managerial competences, which were important several years ago, slowly begin to lose their value and are becoming insufficient to be effective. Merely supervising, organizing or managing the budget is not enough at present. Learn about the key competences of a manager that need to be developed today in order to achieve success and be able to enjoy it in the future.

1.    Change Management

In today’s market realities, we are dealing with a change almost constantly. A good manager must be able not only to quickly adapt to the situation, but also to anticipate changes. However, change management is a complex process with many steps. Therefore, it is extremely important to acquire solid managerial competences in this area. Learn flexibility in action, ways to control changes in the organization at every stage, and acquire the qualities of a “visionary” strategist who quickly notices impending changes.

2.    Willingness to Constantly Learn

Constant education and personal development are necessary to fulfill the role of a competent manager. Only expanding your own knowledge and competences will allow you to stay in the position and meet the dynamically changing requirements. It is impossible to manage a modern company without knowledge of the market realities, new technologies and tools improving work or marketing knowledge. In this position, you need to take care not only of your hard skills, but also soft ones, such as proper communication, assertiveness, empathy or coping with stress.

3.    Team Management

This is one of the most important managerial competences. A well-coordinated and loyal team is still worth its weight in gold! How to create and maintain it? You must also learn about ” Effective team management – how to do it”. Thanks to the advice contained in it, you will manage to bring out the maximum potential of your team.

4.    Time and Task Management

As a manager, you will never have more time… And you will even suffer from a lack of it. Therefore, you need to know how to effectively use every second of work given to you. And how to dispose of employees’ time.

5.    Motivating Employees

Don’t move without motivation! And nowadays not only money alone motivates employees to work. A modern manager needs to know other, innovative methods to stimulate his team to action. 

6.    Emotional Intelligence

It is she who will help you recognize not only your own emotions, but also the emotions of others. And in today’s world, the ability to show even a shadow of empathy is extremely valuable. Yes, and the ability to control your own emotions. Moreover, thanks to your emotional intelligence, you will manage to properly manage people, even if you don’t know everything about them… because you can read the rest from their faces or behavior.

7.    Openness to New Ideas and Activities

A modern manager must have the ability to think creatively. Currently, old and well-known solutions do not always work. You have to look for new ideas and inspiration, as well as creatively solve emerging problems.

8.    Project Management

Managerial competences in this area are irreplaceable! No program or computer can control and monitor the work undertaken as well as a well-trained and experienced manager. It is thanks to this skill, which consists of a number of activities, such as: initiating, planning, implementing or controlling tasks – it is possible to achieve the set organizational goals within a specified time.

9.    Ability to Make Decisions

And there are a lot of those to be taken as a leader … Sometimes even seemingly trivial decisions can influence the future of the company. A good manager must have a so-called “steady hand”, that is, make the right decisions. He cannot afford to constantly and unreasonably change his mind. This position should not be performed by an indecisive or not so self-confident person. The basis for being a group manager is building authority and respect.

10.  Analytical Knowledge

It is said that the competences of an effective manager can be recognized not by how broadly he has access to information, but by whether he is able to select the most important of them. A good manager should, therefore, monitor information about the market, the prevailing trends and competition, and subject it to proper analysis and select appropriate analytical indicators.

Managerial competencies – how to develop them?

Being a manager is an extremely responsible and demanding job that requires having the right qualities thorough preparation, experience and having appropriate competences. Therefore, you cannot forget about developing your personal, leadership and organizational skills, as well as constantly expanding your knowledge. Payday Loans Fort Worth TX can help to develop to develop more.

The best way to develop your managerial skills is, of course, training. It is worth getting ready to play such an important role under controlled conditions before making a serious mistake in life and exposing the company or people to losses. Nor can you rely solely on the knowledge you acquired a few years ago. The world is constantly changing, and so are the demands placed on us. Therefore, you should constantly and systematically improve your managerial skills and competences. A great way to do this is by reading industry articles, following business blogs (like this one), or reading up-to-date literature. It may also be valuable to exchange experiences and talk to people who perform similar functions and have more experience. We encourage you to leave a comment under the article and start a discussion on this topic; –)

    Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

    You might also like...

    Community//

    Re-Thinking Career Development: Up and Sideways

    by Jason Richmond
    Community//

    An Essential Skill for Modern Leaders

    by Fab Giovanetti
    Community//

    Project Management – Overview

    by Mark Rutherford
    We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.