This report provides a comprehensive analysis of developing managerial skills within a business context. It begins by exploring different management styles, including autocratic, paternalistic, democratic, and laissez-faire, comparing their application in travel and tour operators such as Virgin Holidays and Thomas Cook, and also hospitality industry. The report then examines leadership characteristics and the communication processes employed by these businesses. Furthermore, it delves into organizational culture and the impact of change. The second part of the report focuses on self-assessment, evaluating personal strengths, weaknesses, opportunities, and threats, and setting objectives for career development. The report also covers leading and motivating a team, justifying managerial decisions, and reviewing career development needs. The analysis includes practical examples and case studies, providing insights into effective management practices and strategies for career advancement.