MB105 Lecture Notes - Lecture 6: Swot Analysis, Strategic Planning, Analytical Skill
Document Summary
The way managers apply technical, impersonal, decision- making, conceptual, and time management skills to business. Technical skills include the abilities and knowledge that enable an employee to carry out the specific tasks required of a discipline or department. Managers must be comfortable with technology and possess good analytical skill to interpret a variety of data. Managers must also know how to perform, or at least have a good understanding of, the skills required of the employees they supervise. It"s i(cid:373)porta(cid:374)t that a (cid:373)a(cid:374)ager de(cid:448)elop trust a(cid:374)d loyalty (cid:449)ith the people he or she i(cid:374)tera(cid:272)ts (cid:449)ith ofte(cid:374) and that the manager can motivate and encourage employees to work together. Decision making skills the ability to identify and analyze a problem, examine the alternatives, choose and implement the best plan of action, and evaluate the results. A manager may have the three skills above, but without time management skills, he or she will not be successful.