Do you want to work 60 + hours a week and potentially lose clients?
Managers of businesses play an essential part in the continued growth. In order to accomplish goals, management coordinates and administers the tasks to achieve these specific goals.
Another name for management is administration. Some of the skills required are planning, organizing, taking the lead, and making the best decisions.
Besides the fundamental leadership qualities, any person in a leadership position should also possess strong management skills. A leader may have the wisdom enough to inspire others, but if they lack the abilities necessary for management, they will not be effective in their role.
Management is needed in order for the business to succeed.
You’ll understand why it’s necessary to have someone serve in the role of management by the time you’ve finished reading this post.
You’ll read about:
Functions of Management
The Importance of Management
Why Managers are Important For success
Important Skills for Management
Functions of Management
Planning
Organizing
Leadership
Planning
Without a plan in place, it’s impossible to achieve one’s goals. This influences how quickly you can reach the goal.
Plans need to be developed, responsibilities need to be delegated, and progress needs to be monitored. It’s important this is done in order to motivate and encourage everyone involved.
Organizing
In addition to preparing, make sure everything is going according to your plans. You have to have an organizing system to accomplish this.
For More information on Organizing, check out this post:
Note: If something doesn't work, it's time to look at it again and make changes.
Leadership
You’re confident of yourself, at ease in a leadership role, and able to point others in the right direction. You’re able to perform in situations in which you are confronted with a challenge and you’re motivating people around you.
The Importance of Management
Achieving Goals
Growth + Development
Proper Administration + Leadership
Achieving Goals
There must be a reason you’ve decided to set this goal. Now it’s time to figure out how you’ll achieve those goals. As the leader, you’ll look at others for suggestions and ideas. How do you achieve a common goal?
Because of this, it’s important for management to bring everyone together to help achieve these goals.
Growth and Development
Management helps the growth of the business. When goals have been achieved, the business experiences development. When there is effective management, everyone involved reaches their full potential.
Proper Administration + Leadership
Without proper management, administration is a challenging task. The right leadership ensures everyone’s responsibilities are communicated in a way that’s clear to all people involved in the business.
Why Managers are Important for Success
Without managers, the CEO handles all the tasks listed below. CEOs put in 62.5 hours weekly. They’re unable to run their business because of the long hours they work. Managers play a crucial role in any business as they act as the link between the CEO and everyone else.
Role In Decision Making
Delegate Work
Set Goals
Coach + Develop
Help Prioritize Tasks
Key Communicators
Set The Workplace Tone
Role In Decision Making
Deciding can be challenging, especially when there are conflicting inputs asking for consideration. Therefore, having a single individual who makes all of the decisions will help the process move more easily.
Tip: All of the input is taken into consideration when making decisions.
Delegate Work
The ability to delegate tasks is an essential quality for a manager to have. A manager will recognize there are tasks that need to be delegated to reduce the workload and assign tasks that are productive.
Tip: Choose the right person for each task. Everyone has their own unique skills that managers should recognize.
Set Goals
It’s the responsibility of management to break the CEO’s overall goal into a series of more clear goals.
Coach + Develop
Managers’ active participation is necessary for high performance, so it’s essential they’re given the tools and guidance they need to succeed.
By giving one-on-one coaching, you’re making a difference, and this goes for the clients you work with as well. By knowing their short and long-term goals, you’re encouraging them to do excellent work.
Help Prioritize Tasks
This is another important part of managing the business you’re in. In an environment where everything becomes disorganized, it’s unlikely anything will get done on time. Therefore, it’s critical in management to delegate based on the importance of the task.
Key Communicators
As the middle person, management must maintain communication between the CEO, the team and clients. For example, if the CEO wants to implement new goals for the business, it's the manager's job to communicate these with the team.
Set the Workplace Tone
Setting a positive tone in the workplace is important to foster a safe work environment. Managers with a better idea of how to foster a positive work environment check in with their teams and clients.
Important Skills of Managers
Leadership
Communication
Project Management
Leadership
Leaders consider the growth of the business, generating new ideas and suggestions, inspiring others, and molding the business. In order to be effective, leaders need to have skills in both management and leadership.
These skills help you become a better leader:
Confidence
Integrity
Communication
Goal Setting
Positivity
Communication
You must understand how to communicate in different ways with different people. Everyone has their own unique personality and set of preferences, and to understand where everyone is coming from, this makes it easier to implement new things within the business.
Project Management
Project management skills are important for managers to start and finish a project. There’s a lot on your plate already; between multiple projects and clients, you’ll need to keep everything running.
Final Thoughts
Without managers, businesses would fail. Management plays a huge role in producing growth. As a CEO, you have to think about your business. All the aspects that are mentioned in this post, ask yourself this question: Do you want to work 60 + hours a week and potentially lose clients?
How do you think this will effect your business if you had a manager? Have you ever thought about partnering with a manager?
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