Skill Development Report: Analyzing Management Skills in Business

This report provides an overview of essential management skills, emphasizing their importance in enhancing individual and organizational performance. It defines management skills as a blend of abilities and knowledge necessary for fulfilling responsibilities and managing business activities effectively. The report highlights key skills such as problem-solving, decision-making, and negotiation, detailing their applications and future implications. Problem-solving skills are presented as crucial for identifying and resolving business issues, while decision-making skills are vital for choosing the best course of action among various alternatives. Negotiation skills are discussed as key for developing strong relationships and achieving successful outcomes in both personal and professional contexts. The report concludes that continuous skill development is essential for individual growth and organizational success, supported by references to relevant studies and research.

Skill
Development

INTRODUCTION
Skills are basically known as the ability of doing an
work and with an perfection as with learning a skills it
helps in building the inner capabilities of the
employees and this also fulfils the work life of the
business. Skills makes the person individualistic and
confident as this also gives new chances and skills can
also be switched for the better up gradation of the
skills and these essential skills are important for
developing a change and this builds sense of the
achievement and this also builds growth to the
business and this also increases the learning speed.

Define and importance
of management skills
Management skills are basically the ability and
knowledge of individual and this also fulfils some
responsibilities and management activities of the
business as this can not be learned theoretically as this
can be done in an practical form. These skills are
important to have in the employees for the better
functioning of business operations and functions in the
business as this can help in increasing the personality of
the employees and this also builds confidence for the
better working in the business. There are various
management skills which is important to be considered
in the business for the better functioning and
development and these skills are described below.
Problem solving
Decision Making skill

Negotiation skills
The negotiation skills are considered as key approach which is important
for an individual to develop in order to increase the personality. The
negotiation skills are helpful for an individual to develop in a set period
of time to gain immense success. In the professional and personal life
negotiation skills plays a crucial role by increasing the chances of
success. It is major role and responsibility of an individual to focus on
key negotiation skills to improve the chances of career development. The
negotiation skills include different types of communication based skill
development along with emotional intelligence. This is key
responsibility of a candidate to focus on negotiation skills with the help
and support of strategic and planning framework. This is major role of a
candidate to focus on increasing the chances of development and put
emphasis on increasing the awareness. This is major role of a person to
increase the chances of developing negotiation skills for increasing
common approach. In order to increase the efficiency and effectiveness
of a person, it is important to focus on development of negotiation skills
for welfare of development. The person can also focus on in depth
analysis for increasing the chances of growth and expansion. We all
negotiate on a daily basis. On a personal level, we negotiate with friends,
family, landlords, car sellers and employers, among others. Negotiation
is also the key to business success. No business can survive without
profitable contracts. Within a company, negotiation skills can lead to
your career advancement. Negotiation skills are those skills that hold the
key to get ahead within the workplace, create value as well as resolve the
conflicts. There are various types of negotiation skills such as
communication skills, emotional intelligence, value creation skills,
reflective skills and many others. Such types of skills facilitates in better
developing the relationships, deliver lasting, quality solutions—rather
than poor short-term solutions that do not satisfy the needs of either
party. help you avoid future problems and conflicts. Negotiation holds
the key to getting ahead in the workplace, resolving conflicts, and
creating value in contracts. When disputes arise in business and personal
relationships, it's easy to avoid conflict in an effort to save the
relationship.

Problem solving skills
This is a skill which empowers the managers and helps in
identifying, facing and overcoming the issues and the
problems which is faced by the business which arises at
the organisation. This also identifies all the root of the
problem and this helps in the better identification of the
business issues and as in these analytical skills also help in
solving various issues and the problem which helps in the
management of career and this also helps in solving the
problem in an effective manner and this is also considered
as a soft skill. As this also has a model which is used in the
business as in this there are various steps which is
involved starting from defining the problem after that
measuring the problem and then setting the goal
accordingly and determining all the root cause of the
problem after this selecting the strategy accordingly and
then implementing the strategy and this evaluating results.

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Application of the skills
Problem solving skill refers to those skill of the individual which
enables the person to solve different types of problems in effective
manner. Problem is one of the undivided part part of the life. Life
becomes incomplete without the involvement of the problem. There are
many negative aspects are present which is developed due to the
presence of problems in life but it is not right to day that problems only
has negative dimension because there are some positive dimensions are
present in relation to the problem which enables the person to enjoy the
knowledge. One of the positive aspect of the problem is that it enables
the person to make efforts in their life. The presence of problem makes
the person more competitive in their life if they solve them in effective.
It is one of the universal fact no the aspect of human life are free from
the problem because each dimension of the human life has contains
some problems. It is imporrtan

Future implication
It is one of those skill of the individual which has provided many return.
Problem solving skills is one of those skill of the individual which
provided many benefit to the person in their personal as well as in their
professional life. There are many opportunities are developed in the
future where the involvement of the problem solving is must so it
becomes positive for the individual to sum up these skills in their
personality.

Decision making
This is a skill and this shows the activeness which helps in choosing in
between two options and in between more alternatives as this can also be
done by gathering all the information related to the decision process and
after that choosing the right option as this the top most skill and inside
this many skills are involved and this also helps in the better decision
making of the business operations and in an effective manner. Decision
making model is known as the method which an team uses for making
the effective decision of the business and also makes clear the point of
view regarding the same as in the decision making process of a team
helps in the knowing different people opinions and this also gives an
advantage of gaining the skill and knowledge. Decision making
framework is basically used to design and developing the assessment
tools and methods which develops an organisational environment as this
also allows various opportunities and this also involves various
practices, principles and the procedures which helps in getting the best
outcome and also impact positively in the decision-making process.
There are various types of frameworks in decision making process and
that are integrative thinking, accepting the uncertainties and circle of
competence. This is a technique of coming up to a decision and this also
covered in seven steps and that are investigating the situation, creating
constructive environment, generating alternatives, selecting solution,
evaluating the plan and lastly helps in taking the action effectively.

Continiue
Application of the skill
Decision making skills are one of those skills of the individual which is
used in different dimensions of the life such as academic, professional
and personal life. Academic life is one of the important aspect for the
success of the individual in the market. There are many disciplines are
present I academic life of the student under which they have to make
many decisions in relation to the career selection, course selection and
many more if the student have effective decision making skills then it
becomes easy for them to analyse the factors and takes effective decision
which becomes beneficial for their career. There are many stakeholders
are present in personal life of the person such family friends relatives. It
is essential for the person to focus on the importance and interest of all
the stakeholder of individual life. Sometimes the conditions becomes
worse and the interest of these stakeholders are on edge so person has to
take critical decision in relation to this. The decision making skills helps
the individual to evaluate the situation and takes effective decision. The
professional career is one of the most important aspect of the human life
which enables the user to make success in their life and achieve all their
needs and desires of life. The professional life of the person has involve
organisation where large number of problems are created. The decision
making skills of the individual helps the individual to make the process
of problem easy.

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Future implication
There are large number of opportunities are developed
in the future such managerial post. One of the most
important requirement of these opportunities is
decision making skills. There are many opportunities
are developed in the future where the involvement of
the problem solving is must so it becomes positive for
the individual to sum up these skills in their
personality.

CONCLUSION
It is concluded from this report that the development
of skills is one of the important and valuable aspect of
the organisation. This report concludes the benefits of
various skills which can benefit an individual for there
future. The analysation of this report is described
below.

References
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