Top 7 management skills that you need to develop

2 mins readUpdated on Oct 18, 2019 19:08 IST
Management skill needed

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.

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About Author

7 reasons to get a management degree

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

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Lexicon Management Institute of Leadership and Excellence has 4 specialised departments for different course curricula. Below given are the different faculty departments and affiliated institutions of Lexicon MILE;

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Ashwin Yadav

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Answered 4 months ago

Lexicon Management Institute of Leadership and Excellence has emerged as one of the preferred Management institutes in the Pune region. The institute provides the flagship PGDM course, as well as the internationally-collaborated courses of Global MBA and PGDM+MS in Business Analytics.

Students can ac

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Ashwin Yadav

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Answered 4 months ago

Students seeking admissions into Lexicon Management Institute of Leadership and Excellence can visit the official website to learn about the course-specific fee details and eligibility information. As per the 2025-27 fee structure, the total tuition fees for the PGDM course is INR 10,30,000. In addi

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Ashwin Yadav

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Answered 4 months ago

Lexicon MILE has officially released the 2025 placement statistics. According to the same, over 184 companies visited the institute campus. The placement rate recorded was 97.5%, with the highest package reaching up to INR 19 LPA. The average package stood at INR 7.78 LPA.

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Ashwin Yadav

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Answered 4 months ago

Lexicon MILE provides diverse courses in the Management discipline. The flagship programme is the Post Graduate Diploma in Management (PGDM) which is taught in-house. Furthermore, students with a global outlook can choose from internationally-aligned MBA/MS courses offered by University of South Wal

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Ashwin Yadav

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Answered 9 months 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
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Manori Karan

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Answered 9 months ago

Lexicon MILE offers a total of 1320 seats for its PGDM course. The seats the distributed acorss the PGDM programmes. International Master of Business Administration (MBA) has total of 300 seats, Master in Business Administration Global also intakes 300 seats, etc. 

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The Lexicon MILE Pune average package offered during the 2025 placement drive stood at INR 7.78 LPA. The Lexicon MILE Pune average package offered between 2023 and 2025 are presented below: 

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