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Essay on the management skills and business models implementation

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Table of Contents-

Executive summary

Management skills refer to the ability to take business decision and guide the subordinates to achieve the targets of the business. The management skills are divided into three categories namely human skills, technical skills and conceptual skills. The management skills helps the managers to motivate the employees so that they can work with their full potential, solve various problems and issues among various department or as an organization as a whole. The management skills are also useful for smoothing the communication channels within the business. If the communication channels are effective, it will be easier for the manager to share valuable information to their subordinates. In addition, with the help of the management skills, the manager can think of the innovations and implement new business model that will contribute to the success of the business. Business model implementation is the process of transforming the plans in the actions to achieve the long term goals. In other words, it converts the strategies into move to achieve the objectives and targets. There is a need for the business model implementation for several reasons. The implementation of the business model help to bring a change in the organization that helps in its growth. Moreover, for implementing a business model, various departments have to work together that increases the cooperation between the employees. There are few obstacles that lead to inefficiency in the implementation of the business model. The inefficiency is caused by the lack of ownership, lack of communication channels, ineffective management, inefficiency to monitors the progress of the business model. The manager plays an important role in implementing the business model and helps in the growth of the business in the long run.

Introduction

Management skills are the abilities that are implemented in the organization to complete all the tasks and achieve growth. These skills include all the managerial duties that are helpful in avoiding the crisis situation and solving problems at the time when they occur. These kills are developed through learning and training within the managers. These skills also help the manager to deal with the subordinates and this, in turn, helps in carrying out all the organizational activities smoothly. The managers should have the business management skills. The employers look at the business management skills within the employees at the time of hiring them. Many studies have shown that the managers face problem in allocating budget and there is a mismatch between the targeted and implemented activities. Mostly, the managers spend time of making plans and budgets for their business and thus, the implementation of the business model is at risk.

The business model implementation is the process of turning the plans into the actions to accomplish the desired goals and targets (Hoffman, & Shipper, 2012). The business model implementation is important for success and growth of the organization. Moreover, it enhances the cooperation between different departments within the organization. Most of the managers fail to implement the business model because they may not link their strategies with the organizations' budget and employee incentive. Moreover, in some cases the workforce is unable to understand the business plan and implement it accordingly. In other words, the cause of this risk is the lack of management skills within the business framework. The concept of the management skills is explained in next section in detailed. It also explains the importance of the business model implementations, the obstacles faced by the business in implementing the business model and the role played by the managers in the business model implementation.

Discussion

Good management skills are important for the organization wants to achieve its goal and targets. A manager who has the good management skills work according to the vision and overcome the hurdles to achieve the growth (Muff, K, 2012). These skills involve planning, decision making, delegation, time management and communication. A good manager is a good leader as well who work for the better of the organization and guides its team member in an effective way.

The management skills are classified into the following categories:

  • Technical skills: These skills involve the use of knowledge and ability of the manager to use the techniques that are helpful in achieving the goals and targets of the organization. These skills are useful in operating machinery, increasing production, increase sales, introducing new products, improving the quality of the product and improving the marketing of the goods and services of the organization.
  • Conceptual skills: The manager uses its ability and knowledge to formulate ideas that are useful for the organization. The manager analyzes the issue, find alternative solutions and implement the best one in their organization. This also helps the manager to deal with the hurdles that are present within the various departments in the organization.
  • Human skills: These skills are the part of the manager's ability that help them to interact with others and wok effectively with them (Builder, 2017). These skills are helping the managers to influence the mind of the employees and increasing the profitability of the organization.

The management skills help the managers to perform the following duties effectively:

  • Planning: Panning is essential in all the aspects within the organization. It helps the managers to set guidelines for the organization and organize the limited resources such as money, labor and time (Wirtz & Daiser, 2018). It also helps in formulating the actions and plans to achieve the goals and objective with the limited resources available. Without effective planning, achieving goals will not be possible or are less than the expected outcome.
  • Communication: The communication skills are essential for the managers so it help them to share information with the team members to make a unified workforce. The ability of the manager to communicate with others determines how the organizational plans can be implemented effectively. The communication flow can be formal or informal, written or oral, horizontal or vertical.
  • Decision making: The managers make numerous decisions that is the key component for the success of the manager (Proctor, Powell & McMellien, 2013). Making bad decisions lead to failure in the performance of the employees, while the taking right decisions are helpful for the employees in achieving their goals and work for the betterment of the organization. The manager is generally accountable for taking all the decisions and is willing to take more responsibilities.
  • Delegation: It refers to the ability to transfer your work or authority to the subordinates and other employees in the organization. The re- allocation is done on the basis of the work load on each member of the company. A manager who has good delegation skills transfers the duties to the best employee who is suitable for that task. When the manager performs his delegation task effectively, quick and right decisions are taken.
  • Problem solving: A good manager has the ability to tackle and solve the various issues and problems. A manager identifies the problem, observe the possible ways to solve the problem and implement the best strategy or solution in their business. When the manager has the problem solving ability, he can differentiate himself with others and this bring confidence among the subordinate towards him.
  • Motivation: It is the ability of the manager to change the behavior or attitude of the employees and various other stakeholders (Essays, UK, november 2013). There are various motivation techniques that can be used by the managers and the good manager is a one who can use the technique depending on the personality traits, team culture, needs of the employees etc.
  • Manage budget: Each business has its own budget to manage all the cost. The manager should organize the budget in the best possible way that helps them in saving cost. They can make the use of spreadsheet software to make the record of their monthly spending and the entire project's cost. The relationship between time and budget is non linear. It may to possible that the in some month the cost is greater than other and vice versa.

The business model implementation means executing business plan and policies of the business to achieve growth. For the successful implementation of the business model, the manager should explain its goals and expectation to the subordinate and they should allocate limited resources successful to achieve the targets (Yau & Sculli, 2010). There is a need of the business model implementation because of various reasons. First, the implementation of the business model is required to bring the change that contributes to the improvement of the company. The changes may occur in the policies, organizational structure, developing new products & services, allocating budget etc. Second, the implementation of the business model is essential for the organizational development. The new business model is developed taking into account the expectation of all the stakeholders that help in its development (Nazari, R, 2018). Third, the implementation of the business model helps in increasing the cooperation. The execution of the model requires the cooperation among various departments as they have to work collectively or the work of one department depends on the other. Forth, the business model helps to set the priorities. Priorities are based on the deadlines, customer’s expectations and need of the employees. The business model is properly implemented if all the tasks are performed within the deadline on the bases of the priorities.

There are several factors that contribute to the implementation of the business model. First factor that affect the implementation is the allocation of the resources. Both financial and non financial resources are available to the business that affects the implementation strategy of the business. Whenever the firm implements the business model, the first thing the management considers is the amount of fund that is required for the implementation. The second factor is the structure of the organization (Richards, n.d.). The structure of the organization should be well defined and each employee should know to whom they have are accountable. If the structure of the organization is well defined and each individual knows that are their responsibilities and to whom they have to report, the implementation of the business model will be essay and successful. The third factor is all the stakeholders. If there is proper coordination among the employees, they will work in the cooperation to achieve the goals and targets and this will help in the business model implementation. The fourth factor is the organizational culture. The management should also give importance to its employees and involve them in the decision making process. This will give a feeling to the employees that they are also important for the organization and they will also contribute to the implementation of the business model.

The managers have the powers that help them to identify the source from which they can gain the comparative advantage. The implementation of the business model is a complicated task as compare to its formulation. The implementation of the business model requires a large number of skills within the managers such as making the appropriate cultural environment and interpreting the business model to every stakeholder. Moreover, the role of the managers in implementing business model includes the cooperation, evaluation of the opportunities, analyzing situations and taking appropriate decisions (Rossel, 2017). Thus, the managers play a critical role in the implementation activity. Moreover the managers have set of skills that allow them to take decisions effectively. Digitalization has also impacted the implementation of the business models. The organizations who are less concerned about their growth figures and future perspective are taking opportunities from the digitalization that creates values for them. Consider the global manufacture of the toothpaste (Analoui, 2005). To attract customers and to provide convince to their customers, the firm is making various innovations. They make use of the technology that allows the users to view their teeth in 3D mirror. The area that remains unclear in their mouth remains red until they clean it. This innovation helps the company to become a global player and capture large market share.

Developing a new business model is one thing, implementing the business model is a different thing (What are Management Skills?, n.d.). The management can make use of the several techniques to implement their business model effectively. First, break down your goals and objectives in small tasks and goals. Once the management has broken the task into smaller one, it is easy to assign task to the employees and explaining them in a better. The managers can observe the results of each of these tasks individually and can check the areas where they need improvement and make changes accordingly. Second, allocate time to each task so that they are completed within the limited time span. Some tasks require more time than others and thus, it is necessary to allocate time depending on the nature of the task. The manager can make use of the Microsoft project or can make the Gantt chart to keep the record of the time that is taken complete each and every task (Broekhuizen, Bakker & Postma, 2018). Third, explain your goals and objective to the employees clearly. The employees should have the clear understanding of the targets and goals that the organization wants to achieve. Moreover, each employee should know what their task is and how they can perform it in a best way. Forth, monitor the progress of each task. The management is responsible for measuring the success of each task assigned to the employees on order to implement the business model successfully without any delay. In addition to the deadline, the manager should explain the reasons for the delay of the task in the Gantt chart.

The management faces several challenges in the implementation of the business model. First, the business model is weak. This is possible if there is honest and accurate assessment of the business. As a result of the inaccurate assessment, the business model adopted by the firms is ill-fitted in comparison with the existing model and the model adopted by the competitors (Valentine & Claudio, 2007). Second, the management is ineffective. If the management is ineffective, it will not be possible for them to assign task to the staff members and explaining ways to achieve them. This, in turn, create problem in the business model implementation. Studies have shown that the business model implementation fails if the management does not perform its function well. Third, lack of cooperation among the staff members. Team work is essential for every business if they have to achieve their goals and targets. But, the poor communication skills and lack of cooperation among staff members leads to inefficiency in the business model implementation. Fourth is the lack of resources. To adopt a new business model, the business should have the sufficient funds that enable them to achieve all their objectives. However, if the business face budget constrain, there will be problems in the business model implementation.

If the manager has the good and effective management skills then they can overcome all the challenges that the business face in the implementation of the business model. For example, if the management faces budget constraint, then the manager has to minimize all the possible effect of the budget shortage (Abbass, n.d.). The management should allocate funds on the basis of the priorities and determine the strategies that will ensure the best and effective use of the given resources. Similarly, if the management face problem in the bringing all the departments together and making cooperation between them, then they can make the use of the Broadview tree. Broadview Tree is one of the deal methods for ensuring the alignment among the staff members and informing them about all the new strategies. The management should think of the possible ways in which motivate all the stakeholders and adopt best practices in order to have successful business implementation model.

Recommendation

The number of strategies can be adopted by the management for the successful implementation of the business model.

  • Active sponsorship: The business model implementation is possible with the help of the clear credibility and authority (Teece, 2010). The management should demonstrate their commitment as well as the commitment of the organization to all the stakeholders. Involve in the formal or informal communication with your staff members to exchange ideas with each other that help in the better implementation.
  • Articulate vision: Business model implementation is possible if there is a clear clarification about the progress of the company and areas where they need improvement. In other words, the management should articulate vision. While explaining the vision to the stakeholders, the management should not include unnecessary details and explain your idea in an easy language to others.
  • Create a roadmap: Create a roadmap for the success of the business model implementation and communicate regularly about its progress. This roadmap includes information that visualizes actions, timelines and accountability. The roadmap should not be changed unless there is a need to do so.

Conclusion

The management skills play an important role in the growth of the business. If the manager has good management skills, the business model implementation will be possible and vice versa. When the business model is implemented properly, it will help to move forward. But, if there is failure in the implementation of the business model, forward moving will not be possible. The role of the manager is very challenging and complex in the business model implementation (Batocchio, Ghezzi, & Rangone, 2016). Thus, there is a need to have consistency in every action that is taken by the management. Although, this consistent is developed by the experience and knowledge of the managers, but it is majorly impacted by the awareness of the managers about the functions that contribute to the growth of the business model in long run. For the effective implementation of the business model, it is important to delegate the decision making authority to the subordinate i.e. to the different structure levels of the organization. Moreover, the manager should diversify its role to include the employees in the decision making process. This will lead to the involvement of both informal leaders and middle level managers to determine the outcome of the implementation. Thus, the business model implementation is possible with the help of management skills that are used by the manager.

References

  • Abbass, I. (n.d.). Management skills – Tools for leadership imperatives in democracy, European Scientific Journal, 8(16).
  •  Analoui, F. (2005). Management skills and senior management effectiveness, International Journal of Public Sector Management. 8(3).
  • Batocchio, A, Ghezzi, A & Rangone, A. (2016). A method for evaluating business models implementation process, Business Process Management Journal, 22(4), 712 - 735
  •  Broekhuizen, T, Bakker, T & Postma, T. (2018). Implementing new business models: What challenges lie ahead?. Business horizon, 61(4), 555-556
  • Builder, C. (2017). ​What are management skills and why are they important?. Retrieved from https://www.careerbuilder.com/advice/what-are-management-skills-and-why-are-they-important
  • Essays, UK. (November 2013). Business Models and Its Managerial Implications Business Essay. Retrieved from https://www.ukessays.com/essays/business/business-models-and-its-managerial-implications-business-essay.php?vref=1
  •  Hoffman, R & Shipper, F. (2012).The impact of managerial skills on employee outcomes: a cross cultural study, The International Journal of Human Resource Management, 23:7, 1414-1435, DOI: 1080/09585192.2011.581635.
  • Muff, K. (2012). Are business schools doing their job?, Journal of Management Development, 31(7), 648 – 662.
  • Nazari, R. (2018). The Role of Management Skills in the Selection of Management Model by Sports Managers, Annals of Applied Sport Science, vol. 6, no. 1, pp. 57-64, Spring 2018
  •  Proctor, E, Powell, B & McMellien, J. (2013). Implementation strategies: recommendation for specifying and reporting, Implementation Science, 8(139).  doi: 1186/1748-5908-8-139.
  • Richards, F. (n.d.). The Importance of Business Implementation. Retrieved from https://smallbusiness.chron.com/importance-business-implementation-34571.html.
  • Rossel, P. (2017). Generating and implementing successful business models in the digital era. Retrieved from https://medium.com/@peter.rosseel/generating-and-implementing-successful-business-models-in-the-digital-era-34f8d46a5c88
  • Teece, D. (2010). Business Models, Business Strategy and Innovation, Long Range Planning, 43 (2010), 172- 194.
  • Valentine, N & Claudio, P. (2007). DMS Business models design and destination configurations: choice and implementation issues. Information Technology & Tourism, Vol. 9 pp. 3–14
  • What are Management Skills?. (n.d.) Retrieved from https://corporatefinanceinstitute.com/resources/careers/soft-skills/management-skills/.
  • Wirtz, B.W & Daiser, P (2018). Business Model Innovation Processes: A Systematic Literature Review, Journal of Business Models, 6(1), 40-58.
  •  Yau, W & Sculli, D. (2010). Managerial Traits and Skills, Journal of Management Development, 9(6), 32-40

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