Efficient and effective managers possess skills that are vital in performing their functions. However, such skills are only productive if these are used properly. Here are the key management skills

Technical skills. Lower-level managers need technical skills. Although their subordinates perform the technical job, they are better managers if they know the technical aspects of the job. Even top-level managers need technical skills. They ar more effective if they are familiar with the technical side of the job.

Conceptual skils. Concepts make a big difference between success and failure of a business. The perosn who can conceptualize the future of a business is in a better position to introduce innovations for business success. In fact business opportunities are the products of ideas or dreams. The one who conceptualized the paper clip became rich. A gambler transformed a deser into an empire of wealth and pleasure. This former desert is now the famous Las Vegas.

Interpersonal skills. The ability to relate well with people is certainly a plus factor in business. An entrepreneur who understands the needs and motives of individuals, and shows compassion and sincerity, is more likely to be successful. People are the most important assets of an organization. Therefore, they should be treated with dignity.

Diagnostic skills. An entrepreneur or manger must be able to identify and evaluate the problems of the enterprise. Sch skills are needed correct or prevent situations from getting worse. A manager who can prevent problems from taking place is much better than one who can solve problems.

Analytic skills. Analyses are essential in all aspects of the business operations. For instance, analyses are needed in the formulation of goals and strategies. Such skills are also needed in problem-solving and decision making process.