Management Skills (VCE SSCE Business Management): Flashcards

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Management skills
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Six essential management skills

Communication, Delegation, Planning, Leading, Decision, Interpersonal

% of time managers spend in conversation

60-80%

Delegation definition

Passing authority down; responsibility stays with delegator

Four tasks never to delegate

Strategic planning, high-risk decisions, high-cost, confidential

SWOT stands for

Strengths, Weaknesses, Opportunities, Threats

Three levels of planning (with timeframes)

Strategic (2-5 yrs), Tactical (1-2 yrs), Operational (daily-1 yr)

Emotional intelligence definition

Perceive, understand & regulate emotions in self and others

Five emotional intelligence competencies

Self-awareness, Self-regulation, Motivation, Empathy, Social skills

Six-step decision-making process

Identify, Gather, Develop, Analyse, Choose, Evaluate

Most effective conflict management approach

Assertive & collaborative (win for all parties)

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