Management skills are very important for any professional but they are also varied. Given this situation, many executives wonder what are the fundamental management skills for business management. In other words, they want to know which skills they should work on to develop professionally and make their respective organizations grow.

We have already described which are the management skills that every one should study and promote in order to increase their competences at the beginning of their working career.

Most demanded management skills in the company

Leadership

It is the essential skill to be able to grow a company. When the leader succeeds in motivating and aligning all workers with a common goal, his organization is more efficient and productive. This can only be achieved by developing the right leadership skills. A good leader knows how to motivate and align all the workers under his charge. You don’t have to be the CEO.

Every manager or department head with good leadership skills will be characterized by:

• Communicating effectively.
• Being impartial.
• Knowing how to motivate their team.
• Knowing how to delegate.
• Planning.
• Organize effective meetings.
• Be empathetic.
• Knowing how to make your employees grow.

In short, not every manager is a leader. To be a leader you must have assimilated and put into practice a series of skills that will make all the people in your charge trust you and your project and follow you towards the route you have set.

Communication

Communication is the way to transmit messages clearly and accurately and to get the attention of the receiver. It is fundamental in people’s day-to-day lives, both in the workplace and personally. Good communication skills, especially in the field of oral expression, are essential for the business environment.

Depending on the situation, a product or service must be explained to a customer or a supplier or a purchase or sale must be negotiated, among other scenarios. Using good communication will help you sell a product or negotiate with a supplier

Effective communication helps to achieve the objectives set and goes far beyond the message, since other factors must be taken into account, such as:

• Body language.
• The tone of voice.
• The structure and clarity of the speech.

Negotiation

Everyone negotiates and reaches agreements throughout their lives. It is continuously present in our interactions with other people, whether at work, at home or in any other setting. Negotiation is present in every interaction we have, whether at work or outside of work. Negotiation is one more of the fundamental managerial skills for business management.

And you can work on it to achieve your goals. Good negotiators are characterized by:

• Planning. Before the negotiation process, you have to be clear about the objective to be achieved and what you can compromise on in order to reach an agreement.
• Apply strategies. Knowing how to observe and listen to the other party in order to use the information for your own benefit.
• Combine flexibility and firmness. You must know how to adapt to the circumstances and the requests of the other party looking for the ‘win-win’, but always with the intention of reaching an agreement that agrees as closely as possible with our initial aspirations.
• Be decisive. In negotiations that are stuck on one point, applying some creative solution can lead to a successful negotiation process.
• Be self-confident. Good negotiators are confident in themselves and their abilities to reach a good agreement, regardless of the entity of the other party.

Collaboration

Cooperation between different departments within a company is key to achieving common goals. Often blinded to meeting their particular objectives, in many organizations their different departments compete and get in the way of certain processes, which has a negative impact on the company and, by extension, on its results. Struggles between different departments have a negative impact on companies

These dysfunctions can be avoided by having leaders and managers with the ability to enable levers and strategies to create a collaborative culture within their teams.

Sale

Everybody sells. Forget about thinking that those responsible for developing their sales skills are the members of the sales department.
Every professional will have to “sell” to internal customers within their organization. Every professional sells, whether to external customers or internal customers

A good salesman stands out for:

• Ability to listen. Active listening is fundamental to establish a sales strategy.
• Honesty. Each party has its own interests and uses its own strategies to achieve its goal, but you should never lie in a sales process. A deceived customer will never buy from you again.
• Prescription. A good salesperson does not sell for the sake of selling, he prescribes a product or service that fits the buyer’s real needs.
• Passion. The customer has to see that you sincerely believe in the goodness of the product or service you offer. To do this you have to be enthusiastic and proactive. You have to win their attention.
• Optimism. If you do not see things from a positive point of view, it will be very difficult to persuade and convince the other party.

Teamwork

You’ll just go faster, but as a team you’ll go further. It’s a saying that is perfectly true if we go into business. When all the people in an organization are aligned, the results are beneficial for everyone. And this skill can be learned; there are several methodologies to achieve it. When all the people in an organization are aligned, the results are beneficial.

Innovation

Innovation is, more than ever, the key that will lead an organization to grow and survive in a time of continuous change. Innovation is the surest way for a company to grow and survive

For this reason, in today’s business, it is essential to acquire new skills that allow for the generation of new ideas and also to detect problems, create appropriate solutions and implement them effectively.

That is, to develop essential skills to promote the innovative culture in a company like:

• Creativity. This competence can be worked on by developing creative techniques and processes that help to generate new ideas.
• Curiosity for learning. Innovative people are always curious to acquire knowledge.
• To be scientific. You decide based on data. Every implemented innovation has to be measured to see its effect.
• Not to be afraid of failure. Every innovation does not always have to give positive results.
• Autonomy. The professionals and teams of a company that can develop their ideas without restrictions, thinking outside the box, are more innovative.

You already know what are the fundamental managerial skills for the management of companies we believe are essential for an executive to develop himself/herself professionally and contribute more value to his/her organization.