A good manager possesses all of the necessary talents and can put them to use in order to effectively manage the firm. Technical skills, conceptual skills, interpersonal and communication skills, and decision-making skills are the five managerial competencies.
- Technical skill is knowledge of and proficiency in activities involving methods, processes, and procedures.
- Conceptual skill is the ability to coordinate and integrates all of an organization’s interests and activities.
- Communication skill for a manager is a must. The manager must be able to convey ideas and information to others and receive information and ideas from others effectively.
- Decision making skill is the skill that makes a manager able to recognize opportunities and threat and then select an appropriate course of action to tackle them efficiently so that the organization can benefit them.
- A good manager has Diagnostic and Analytical skills in his bags. Diagnostic skill refers to the ability to visualize the best response to a situation.
- Analytical skill means, the ability to identify the key variables in a situation. Manager diagnostic skill and Analytical skill helps him to identify possible approaches to a situation.
