Business management essentials for successful career growth

Did you know that 65% of employers hire candidates based on their skills rather than the number of degrees they hold or work experience? By mastering business management essentials, you can take advantage of this promising trend. This can help you to advance in your current role. It could also help you explore better career pathways – like the managerial position you have been eying for a while. So, what are these business management skills and how can you develop them? Let’s find out.  

Business management essentials are the skills you need to succeed in any workplace. These skills add value to your CV and make you a high-performing employee who is not only thriving in the work environment but also helping your organisation achieve their objectives. Let’s see these business management skills. 

Leadership 

For a management role, leadership is a skill you must develop. As a good leader, you should not just lead your team but also inspire and motivate them to achieve organisational goals. Effective leadership means making informed decisions, creating a positive work environment and adapting to change. Developing your leadership skills means learning about emotional intelligence, improving your communication and consistently practising how to make informed decisions under pressure. Take Satya Nadella, CEO of Microsoft, as an example of a leader who transformed the company’s culture from a “know-it-all” to a “learn-it-all” mindset. Under his leadership, Microsoft has become more innovative and collaborative.  

Communication  

Did you know that poor communication is often cited as the number one cause of workplace failures? Communication skills, spoken and written are the foundation of good management. By mastering them, you can ensure that your ideas, company goals and stakeholder feedback are communicated and understood by your team members. You can also improve your workplace communication by joining English Path’s Business Management Essentials course. The course will help you identify clear and concise communication practices and give you practical opportunities to use them inside and outside the classroom. 

Negotiation  

2024 is the year of negotiation, as businesses worldwide are looking for creative and sustainable ways to rebuild and strengthen relationships with clients and customers post-pandemic. Learning this skill can be a great benefit, giving you the ability to identify and reach mutually beneficial agreements for all parties involved. Your ability to resolve conflicts between team members or different departments using your words effectively will also be an asset. 

Problem-solving  

Problem-solving is one of the most sought-after business management skills by employers today because as a leader you need to be able to identify, analyse and come up with creative solutions to the challenges the company is facing. By developing this skill, you will be able to create a process to solve problems and encourage creativity within your team to overcome the challenges that arise in day-to-day business. 

Organisational skills  

Without organisation even your greatest ideas and plans will fail. That’s why employers hire people with great organisational skills to manage time, tasks and resources effectively. Master these business management essentials and you’ll be able to prioritise tasks, avoid procrastination and meet deadlines. To develop strong organisational skills, you need to create structured workflows and SOPs. You can also use digital tools like Google/Outlook calendars and task sheets to regularly review and adjust your priorities based on the task urgency. 

Delegation and team management  

Delegation is part of team management. It’s the process of assigning tasks to your team members so you can focus on creating strategies to achieve business goals. You need to choose the right person for the task, give clear instructions and monitor progress to ensure deadlines are met. Delegating tasks to your team members will also allow them to take on more responsibility and build their skills. To improve your delegation skills, you'll need to identify tasks that can be delegated, trust your team to complete them without too much interference and provide them support when needed. 

Upskilling with time 

In the ever-evolving business world, learning has become part of life and staying relevant in this competitive marketplace. You need to know what skills you are missing to take on more responsibilities and stay updated about the changes going on in the industry. When you have identified the skill you want to learn, you can invest in a professional development course to develop it. For example, if you want to improve your management skills you can do a course like Business Management Essentials to boost your career and learn about core business english and principles. 

By mastering these business management essentials, you will be able to boost your career growth. Whether it’s succeeding in your current job or looking for better job opportunities, each skill will help you identify a new role and achieve professional success. so, keep learning and applying these skills for any challenges your work throws at you.