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110 Management Skills (List)

        posted by , June 27, 2016

Managers desperately want a manual for management. Unfortunately, there isn't a manual and there never will be.

Management is tough. It's difficult to get right. Just when you think you've got the hang of it, an issue jumps up and bites you.

When management fails, it can be painful. People lose money. They lose their jobs. The worst cases of management failure are followed by endless legal wrangling.

It's little wonder that management books frequently rank as top sellers. For more than 80 years, management fads have come and gone.

Managers are looking for an unbeatable system — the 10 easy steps to management success. The reason that there's no such manual is that management depends on far too many skills. It can't be systematized.

Management depends on intangible (yet incredibly valuable skills) such as leadership, innovation and strategy. In fact, there are at least 110 skills that make a manager:

Core Management Skills

1. Strategy
2. Championing Initiatives
3. Planning & Scheduling
4. Decisions Making
5. Managing Teams
6. Reporting & Communication
7. Managing Quality
8. Managing Risk
9. Managing Change
10. Compliance
11. Ethics

Management Focus Areas

12. Operations Management
13. Sales Management
14. Customer Relationship Management
15. Marketing Management
16. Financial Management
17. Technology Management
18. Human Resource Management
19. Knowledge Management
20. Innovation

Strategy

21. Strategic Analysis
22. Strategy Formulation
23. Identifying Critical Success Factors
24. Prioritization
25. Gap Identification
26. Evaluation of Commercial Opportunities
27. Conducting Feasibility Studies
28. Prototyping
29. Forecasting
30. What-if Analysis
31. SWOT Analysis
32. Strategy Execution
33. Strategic Hiring
34. Strategic Sourcing (e.g. Outsourcing)

Decision Making

35. Providing Clear Direction
36. Financial Analysis for Decisions
37. Problem Solving
38. Resource Allocation
39. Information Analysis
40. Applying Data to Decisions
41. Decision Frameworks

Business Execution

42. Identifying Constraints
43. Raising Capital
44. Sponsoring Projects and Programs
45. Finding and Leveraging Quick Wins (Tactical Business Execution)
46. Monitoring Results
47. Project Management
48. Program Management
49. Project & Program Governance
50. Protecting and Growing Assets
51. Preserving and Enhancing Reputation
52. Identifying and Seizing Fast Breaking Opportunities
53. Procurement
54. Vendor Management
55. Business Process Management
56. Continuous Improvement
57. Promoting Improved Methods

Managing Teams

58. Leading Teams
59. Employment Law Awareness
60. Delegation of Responsibilities
61. Recruiting
62. Management by Objectives
63. Providing Feedback
64. Performance Appraisal
65. Compensation and Benefits
66. Team Building
67. Removing Obstacles for Teams
68. Managing Team Dynamics
69. Mentoring & Coaching
70. Provide Direction & Focus
71. Job Planning
72. Task Planning
73. Managing Diversity
74. Dispute Resolution
75. Supervision

Managerial Finance

76. Developing and Managing Budgets
77. Budget Control
78. Budget Variance Analysis
79. Managerial Accounting
80. Cost/Benefit Analysis
81. Revenue Management
82. Revenue Forecasting
83. Expense Management
84. Estimating and Cost Forecasting

Legal & Compliance

85. Awareness of Applicable Laws
86. Managing Liability
87. Regulatory Reporting
88. Regulatory Compliance
89. Implementing and Maintaining Standards & Best Practices
90. Contract Management

Soft Skills

91. Managing Difficult People
92. Presentation Skills & Public Speaking
93. Motivating
94. Negotiating
95. Willingness To Take Responsibility
96. Politics
97. Influencing
98. Dealing with Ambiguity
99. Business & Industry Knowledge
100. Commercial Perspective
101. Interviewing
102. Training

Reporting & Communication

103. Benchmarking
104. Preparing Executive Summaries
105. Developing and Reporting Metrics and KPIs
106. Multi-channel Communications
107. Balanced Scorecard
108. Communications to Executive Leadership
109. Communications to Customers
110. Communications to Stakeholders

This post is an installment in the ongoing series of articles called Management: The Missing Manual.


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