Essential Managerial Skills and Challenges for Global Management
Explore the key managerial skills - conceptual, human, and technical - needed for effective leadership. Understand the challenges in a global environment, such as maintaining ethical standards and managing a diverse workforce. Learn about building a competitive advantage through efficiency, quality, innovation, and customer responsiveness.
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Presentation Transcript
Managerial Skills Conceptual Skills The ability to analyze and diagnose a situation and distinguish between cause and effect. Human Skills The ability to understand, alter, lead, and control the behavior of other individuals and groups. Technical Skills The specific knowledge and techniques required to perform an organizational role.
Challenges for Management in a Global Environment Increasing Number of Global Organizations. Building a Competitive Advantage. Maintaining Ethical Standards. Managing a Diverse Workforce. Utilizing IT and E-commerce.
Building a Competitive Advantage Increasing Efficiency Reducing the quantity of resources used to produce goods and services. Increasing Quality Introducing Total Quality Management (TQM) to improve quality. Increasing Speed, Flexibility, and Innovation Adapting to bring new products to market faster. Increasing Responsiveness to Customers Empowering employees to deal with customers.
