Managerial Skills – 5 Major Types of Managerial Skills | Principles of Management

Managerial Skills

Managerial Skills

The 5 Major Types of Managerial Skills are described below:

(1) Technical Skills

A technical skill is the ability to apply procedures, techniques, and knowledge of a particular field. For instance, an accounting manager needs basic technical skills of the accounting profession. The need for technical skills decreases as the manager moves up in the organizational hierarchy. The first line managers require a high degree of technical skill in order to supervise subordinates effectively.

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Henry Fayol 14 Principles of Management – Father of Modern Management Theory | POM

Henry Fayol 14 Principles of Management

Henry Fayol 14 Principles of Management

In 1916, Henry Fayol offered fourteen principles of management for the first time. Between 1920 and 1940, many authors worked hard to develop and test various management principles in the U.S. The concept of management was redefined by Henry Fayol, also called the ‘father of modern management theory.’ A general theory was introduced by him that can be applied to all management levels and departments.

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Limitation of Scientific Management – Scientific Management Principles | Evolution of Management Thoughts

Limitation of Scientific Management

Limitation of Scientific Management

A scientific management system consists of rules, mechanisms and specialized managers operating in coordination in order to achieve a new standard of control and production. The purpose of scientific management is to organize the study of work, analyze it into its simplest elements, and improve the work systematically.

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Organizing – Meaning, Importance, Process, Principles and Approaches | Principles of Management (POM)

Organizing

Organizing

Meaning of Organizing

Organizing refers to grouping elements of an organization in the most effective way. To accomplish an organization’s goals efficiently and effectively, all its resources must be integrated and coordinated to define the essential relationships between people, tasks, and activities.

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Decision Making Process – 7 Steps of Decision Making Process | Management

Decision Making Process

Decision Making Process

To determine the best option or course of action to meet one’s needs, an individual goes through a series of steps in the decision-making process. The process of determining a business initiative’s planned path, setting specific actions into motion, and analyzing the results of those actions is the goal of business planning. Choosing from available choices the most feasible course of action is a rational process known as decision-making. Management must be responsible for making an effective decision and implementing it in a way that will ensure the organization’s prosperity. What the manager decides to do today will determine how the organization will evolve in the future.

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Deming’s 14 Points – Quality Management Techniques | Principles of Management

Deming's 14 Points

Deming’s 14 Points – Quality Management Techniques | Principles of Management Following are the Edward Deming’s Fourteen Techniques of Quality Management: Create constancy of purpose for the improvement of product and service, with the aim to become competitive, stay in business, and provide jobs. The problems of the future command first and foremost constancy of … Read more

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