5 Types of Management Skills Learned in Business School30 July 2019
A business degree can put you miles ahead of the competition, and more often than not it can be the difference-maker in getting the job you want. In business school, you’ll learn the ins and outs of accounting, finance, and economics as well as sales and marketing techniques to give you an understanding of all areas of business.
But more important than all these core business areas, are the universal management skills you’ll develop to succeed in any industry you choose.
There are many types of management skills you’ll learn in business school, however good management comes down to one thing – superior leadership. In business school, you’ll have many opportunities to improve in this area, and you’ll do so by mastering these five key skills.
Communication is a skill you will use every day as a leader in a successful business. You have to be able to direct and motivate your team, while also providing clear explanations of policy changes or expectations. You also may need to call on your skills to meet with potential partners or sell your services to new clients.
Why study management if you already have great people skills? While it’s true that the ability to communicate comes easier to some, even the most outgoing people can benefit from an education in presentation techniques. Crafting an effective pitch is about more than the ability to talk. There are nuances you can learn, such as voice inflections, pauses, and body language.
2. Problem Solving
Whether big or small, you’re bound to run into problems every day in your business. To keep progress moving forward, you’re going to need effective solutions, and you may need them fast. A good manager can see the whole picture and strategize in a way that solves problems without creating more. A master problem solver is also able to look ahead and predict issues that could come up if something isn’t changed.
In school, solving problems is just another day at the office. Homework is often filled with real-world examples of issues you must overcome. Using your existing knowledge and critical thinking skills, you can construct potential solutions and get feedback from your teachers. This type of constructive criticism can help you learn how to address similar situations outside of school.
3. Time Management
One of the most important qualities of a good manager is time management. Time is a precious commodity in business, and it’s not something to be wasted. Misusing your work hours can leave you behind on big projects, and you may even miss deadlines altogether. Your failure to complete tasks on time may also push back the work of others, bringing down the whole operation.
Conquering these bad habits takes practice. As you work towards your business degree, you’ll begin to understand the importance of the following good practices:
- Start work early
- Avoid multitasking
- Know when to delegate
- Prioritize with purpose
- Prepare for the unexpected
By the time you graduate, you’ll be a master of how to effectively manage your time. Each new day can be as productive as the one before it.
Promoting a collaborative environment is one way to help your business thrive and motivate your employees. When each person is contributing insight and expertise, you may discover ideas you never would have thought of on your own. A good leader is able to facilitate team discussion and delegate the right job to the right person.
College programs know the importance of teamwork, so it’s a skill that is heavily encouraged in most academic settings. You’ll collaborate with peers in group assignments, and you’ll learn how best to divvy up work, as well as how to coordinate throughout the process and bring everything together for a cohesive result.
Another trait you’ll master as you work in teams is the ability to trust. As a manager, you must have faith that your people can do the job you’ve assigned them.
As a manager, you often need to balance multiple projects at one time. If you lack organizational skills, you’ll quickly start to lose track of important information. You might miss urgent deadlines or leave your staff unequipped to do their jobs. When you have a never-ending to-do list, things can slip through the cracks if you don’t stay on top of them.
Your ability to stay organized is even more crucial when you’re enrolled in school. With many different courses and homework assignments to keep up with, your grades will suffer if you’re not managing due dates and prioritizing tasks effectively. Business school can force you to develop your own personal system to make sure things get done on time. You’ll use those skills as you enter the real world.
Becoming a better manager and business owner is all about practice. Learning in a supportive, educational setting can help you grow in your confidence and abilities even faster. Contact us at Pioneer Pacific College to get started on your journey of higher learning today. Our programs are comprehensive and straightforward, and you’ll learn important business skills that can put you a step ahead of all the rest.