To successfully lead a team or become a well-rounded entrepreneur, you need strong business management skills and have a good grasp of the core business functions.
Read on to learn more about the six fundamentals of management and how to incorporate them into your business or job role. 1. People Management
Applying the standard human resources management processes is not enough to build a high-performing business environment. Data from Gartner found that successful managers who display high levels of empathy affect their employee’s performance three times more than those who display lower levels of empathy.
layer “At the end of the day, how well you manage yourself determines how effective a manager you are.”
“At the end of the day, how well you manage yourself determines how effective a manager you are,” said Vasanthis Srinvasan, professor and instructor of IIMBX’s people management course.
As more organizations shift to hybrid work and implement more technology to monitor employees, motivating and driving performance from their team members will become even more critical for success.
2. Operations
Operations management oversees the entire production process of a good or service. Managing a supply chain and making sure production meets demand under tight deadlines can be incredibly complex and is critical to business success.
Folks in operations management spend much of their time problem-solving and thinking about how to improve the production processes. This requires an understanding of a range of concepts such as capacity planning, productivity analysis, quality assurance, and lean management.
Discover Careers and Skills In Supply Chain Management
