Presentation

1. Business
Management
Skills
Presented by Abdul Majid

2. Introduction
Business management skills, such as
communication, problem-solving and decision-
making, are abilities that will help you become
more successful in your career.
Sskills that improve their likelihood of being
hired and employees with skills to be more
productive in the workplace.
E.g There are many business management skills
that will help you impress employers. Here are
a few that are especially important for
becoming a productive and effective employee:

3. Communication
 Communication is a crucial skill to
have when seeking a business
management job.
 You should be able to communicate
clearly and efficiently to employees,
peers, bosses, clients, business owners
and suppliers.
 Both verbal and written
communication skills are vital for
internal and external communication,
such as during negotiations and in
meetings with clients or coworkers.

4. Leadership
 Business managers are leaders by
profession. you should know the
leadership responsibilities that may be
required of you. Business managers
handle multiple issues in their
companies every day and keeping
track of them can be challenging for
one person.
 However, a business manager’s
leadership skills can help them
efficiently complete their tasks.

5. Cont.
 Leadership skills help teach you when to address issues yourself and when to
delegate authority and responsibilities to subordinates. It also boosts
employees’ morale, as they feel like a part of the team when placed in
decision-making roles.
 Business managers with leadership skills also understand the need to train and
coach their employees periodically to boost their skills. Leadership skills also
enable business managers to know how to tactfully and positively give
constructive criticism to their employees

6. Budget
management
 it will be your responsibility to handle your
company’s internal spending with care. As a
business manager, ensure employees stick to
the budget when using the company’s money to
accomplish their assigned tasks. You should
know how to plan budgets and that tracks how
money is spent in the company.
 if the company’s goals are not met within a
certain timeframe. Successfully managing the
company budget will ensure that goods and
services are delivered to clients are on time.

7. Motivation
To be an effective business manager, you
must be a motivator and boost staff
morale. Motivated employees feel like
valued members of the team
Interact with employees socially to
understand their needs and
personalities. This will teach you how to
specifically motivate each person.
Provide employees with career
advancement opportunities within the
company and challenge them to try out
a variety of jobs to build up new skills.

8. Contd.
Recognize employees’ achievements by thanking and
rewarding them. You can recognize them publicly to other
employees in team meetings and internal newsletters.
Assign challenging tasks to employees to sharpen their
problem-solving and critical thinking skills.
Set high standards of career excellence and encourage
employees to reach them by working harder and increasing
their knowledge.

9. More with
Less
Most companies today must work with reduced
budgets because of the slow pace of economic
recovery.
Companies are struggling to come out of the
mess and their purse strings are not yet entirely
stretchable.
Managers must work under such circumstances
i.e. they have to do more with less, a skill that
most companies are increasingly looking at.

10. Plan and prioritize:
 Time is an asset to a company, and as
a business manager, you make sure
that all deadlines are met.
 You should ensure that the company’s
most vital tasks are accomplished first
in the shortest time possible.
 As a business manager, communicate
clearly to employees which tasks to
prioritize so that immediate goals are
met.

11. Mentorship:
It’s helpful to seek individuals from
within your field who are experienced
and adept in the business
management skills you want to
improve.
Such mentors can offer you insights on
business management based on the
experience they have accumulated
over the years while working in
competitive business environments.

12. Learning New
Skills
 Managers are often sent to training
programs and business management
assignments to refresh their skills.
 While whatever you learned at the
business school will come in handy in
your professional life, capacity building
is a continuous trend.
 You can use your immediate superior as
a mentor. Watch him/her carefully.
 Learn from how he/she tackles a
situation

13. The END: