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Business strategy
Important entrepreneurship and managerial skills to posses.
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[QUOTE="CALVINDOL, post: 303846, member: 43757"] Business managerial skills are the abilities and competencies that are necessary for effectively managing a business or organization. Effective business management requires a diverse range of skills and abilities. It is ideally expected that a business manager does not only become qualified and experienced based on what he or she has as his or her degree score but instead a business manager should always be skillful and very much creative, that's basically we are going to consider some of the most important skills in which a business manager should possess and should definitely know how to use especially when the need arises. However some of the most important skills for a business manager to have include: LEADERSHIP: A business manager needs to be able to inspire, motivate, and guide employees to achieve their goals and those of the company. COMMUNICATION: The ability to communicate effectively, both verbally and in writing, is essential for a business manager. They must be able to convey information clearly and concisely to a variety of audiences, including employees, customers, and stakeholders. FINANCIAL MANAGEMENT: A strong understanding of financial management is crucial for a business manager. They need to be able to read and interpret financial statements, manage budgets, and make financial decisions that align with the company's goals. DECISION-MAKING: A business manager must be able to make decisions quickly and confidently, using data and analysis to support their choices. TIME MANAGEMENT: Effective time management is essential for a business manager. They must be able to prioritize tasks, delegate responsibilities, and manage their own workload effectively. INTERPERSONAL SKILLS: A business manager must be able to build strong relationships with employees, customers, and stakeholders. They must be able to collaborate effectively with others and navigate complex interpersonal dynamics. EMOTIONAL INTELLIGENCE: A business manager must be able to understand and manage their own emotions and the emotions of others, fostering a positive and productive work environment. [/QUOTE]
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