Top 7 management skills that you need to develop
To reach the top ranks in a company or to start a firm on your own, one would require a set of unique skills. Acquiring and inculcating these skills at a young age will help reach greater heights. Some of the most in-demand skills that anyone requires to be a successful manager include:
Technical expertise: Be it finance, production, manufacturing, or even human resource management, gaining expertise in the field we choose to pursue a career in is a key factor that determines success in an organisation. Technical expertise is what helps us build a niche.
Conceptual skills: Presenting the knowledge we have both through words and through graphics can be a very crucial skill, one would have to master quantitative methods and understand management mathematics to master this skill. Strong perceptual skills can be vital in decision making for any manager.
Soft skills and interpersonal skills: What is management if not handling and dealing with people. Every single aspect of management, be it internal communication or communication to a client it involved the ability to talk and present well, this is why developing effective communication methods can be crucial in mastering a job.
Planning: Failing to plan is essentially planning to fail, having a goal-oriented plan and execution of the steps in the plan ensures success. It is of extreme importance that one master the art of staying gritty and executing plans.
Decision-making: Many of us stay indecisive all our life, this does not help in an organization, one has to understand and quickly arrive at the best possible solution to any and all problems. Decision-making is the art of making choices between the right and righter. People often think the situation is black and white, but it is not, it is in the gray areas, this is why sound knowledge in every field can help make better decisions.
Delegation: Many of us make the mistake of taking more responsibility than we can handle and putting excessive load on our shoulders. A better strategy is to learn to delegate the right task to the right candidate. This ensures that optimum use of resources is done and you can maximize your output.
Problem-solving: A workday is filled with multiple decision points and the need to troubleshoot and look for the best solutions, this is where one would require sharp problem-solving abilities. One can acquire these abilities through practice, experience, and training.
Read Similar articles-
1. Everything you need to know about PGDM, MBA.
2. 7 reasons to get management Degree/Diploma
3. How does PGDM encourages Entrepreneurship?
About Author
Dr Susen Varghese is an alumnus of Vadodara-based M S University and Mumbai-based SNDT Women’s University. She has served for a decade in senior positions in the HR department and as a branch head in the corporate sector and currently working as Director LEXICON MILE - Management Institute For Leadership And Excellence. She is also a Certified Trainer for Thomas International’s ‘Person Profile Analysis’ & ‘Human Job Analysis’. Dr Susen is also a Life Member of the Higher Education Forum. She has studied, B.Com (Hons.), MSW, PGDHRD, Ph.D – Management (Human Resources).
Note: This article has been published on the basis of a press communication by the college
Shiksha writer
News & Updates
Contact Details
Address
MILE Tower, GAT no 726, Pune-Nagar Road
Wagholi, Pune ( Maharashtra)
Get details of Similar Colleges
Student Forum
Answered 22 hours ago
Lexicon MILE offers two-years Post Graduate Diploma Cousre at full-time mode. The MBA level course is available across multiple speciaslisations. The PGDM specialisations are listed below:
- PGDM in Research and Business Analytics
- PGDM in Marketing and Human Resource Management
- PGDM in Finance Marketing
M
Contributor-Level 6
Answered 23 hours ago
Lexicon MILE PGDM course fee range from INR 9.6 Lacs - INR 13.29 lakh. The fees vary depending on the different programs offered under the PGDM course. The first-year fees can be paid in two installments over two semesters. Furthermore, the fees might include multiple fee components that can be paid
R
Beginner-Level 5
Answered 23 hours ago
The Lexicon MILE Pune average package offered during the 2024 placement drive stood at INR 8.27 LPA. The Lexicon MILE Pune average package offered between 2022 and 2024 are presented below:
Particulars | Placement Statistics (2022) | Placement Statistics (2023) | Placement Statistics (2024) |
---|---|---|---|
Average package | INR 7.10 LPA | INR 8.70 LPA | INR 8.27 LPA |
Note: The average package of 2024 is updated till November 2023. It may vary once the final placement report i
N
Contributor-Level 6
Answered 23 hours ago
Candidates with PDGM degree from Lexicon Mile are eligible to apply to Government jobs. The Government sector offers range of opportunities as mentioned below:
Job Profiles | Description | Average Salary |
---|---|---|
Business Analyst | A Business Analyst is a professional who works within an organisation to analyze, understand, and document the business processes and systems. | INR 9.8 LPA |
Investment Banker | An Investment Banker is a finance professional who works within an investment bank or a financial institution, specializing in providing financial advisory services and raising capital for corporations, governments, and other entities. | INR 16.1 LPA |
Chief Financial Officer | The CFO is a high-level executive responsible for managing an organization's financial actions, strategies, and operations. | INR 83.3 LPA |
Product Manager | A Product Manager is a professional responsible for overseeing the development, strategy, and success of a product throughout its lifecycle. | INR 21.6 LPA |
Management Consulting | Management consulting involves providing advisory services to organizations to improve their performance, solve problems, and achieve their goals. | INR 27.5 LPA |
N
Beginner-Level 5
Answered 22 hours ago
Lexicon Mile PGDM course is a two-year full-time programme for aspiring candidates. The PGDM is equivalent to an MBA course that helps interested students to build their managerial skills. The PGDM course curriculum is spread across four semesters and includes core subjects such as:
- Economics for Man
I
Beginner-Level 5
Answered 23 hours ago
Lexicon MILE PGDM admission dates for the academic year 2025 will be out soon. The admission portal for 2025 is open now. Candidates can visit the official website of Lexicon MILE to apply for the course. Moreover, candidates can refer to the entrance exam dates since admission to the PGDM course is
P
Beginner-Level 5
Answered 23 hours ago
Lexicon Management Institute of Leadership and Excellence (Lexicon MILE) shortlists students for its PGDM course by conducting the selection process as follows:
- Entrance Exam Score: Applicants must have a valid score in one of the following entrance exams: CAT, MAT, XAT, CMAT, GMAT, MAH MBA CET.
- Group
S
Beginner-Level 5
Answered 23 hours ago
Lexicon Management Institute of Leadership & Excellence PGDM admission is entrance-based. Candidates are offered admission to PGDM and International MBA courses based on various national-level entrance exams such as CAT, MAT, XAT, etc. Eligible candidates must fill out the application form online. A
R
Contributor-Level 10
Which PGDM specialisation does Lexicon MILE offer?