Every organisation, both big and small require competent general managers to run the business activities smoothly while focusing on profit and growth. Since, these professionals need to undertake a plethora of activities at the top level, upskilling becomes imperative to face organisation-level challenges.
Research from multiple streams points out that the average salary of a General Manager in India in March 2021 stood at 22,59,969 per annum*. This figure is about to increase in the near future as companies recover from the economic fallout of the pandemic.
Industry Skills For a Career in Management:
1. What is General Management?
2. Skills Required in General Management
3. Why is Upskilling Important for a Career in General Management?
4. How to Choose the Right General Management Programme?
5. FAQs
1. What is General Management?
General management is the combination of various roles and responsibilities within an organisation to ensure overall operations run smoothly while driving revenue. The prime aim is to plan, create and implement strategies that are in the best interests of the business.
General Management professionals are required across industries and the specific roles vary from industry to industry. Some of the top industries hiring General Managers are as follows:
Banking, Financial Services and Insurance (BFSI)
Healthcare
Hospitality
Travel & Tourism
Information Technology
FMCG
2. Skills Required in General Management
General managers hold significant responsibility in their workplaces, hence they need to posses a particular skillset to perform their role effectively.
Essential general manager skills include:
Communication skills: to convey important information about the business to employees, stakeholders and customers.
Active listening
Empathy
Public speaking
Confidence
Respect for others
Leadership skills: to inspire and motivate employees toward reaching their full potential.
Responsibility
Mentoring
Delegating tasks
Professionalism
Motivating others
Providing feedback
Conflict management
Business and Strategic planning: for preparing the teams and businesses for the future with well-thought-out strategies.
Adaptability
Critical/ Analytical thinking
Business development
Problem-solving
Research
Strategic thinking and planning
Fundamental Management Skills – to optimise work environments.
Time management
Attention to detail
Setting priorities
As you may have noticed, none of these skills is restricted to a particular field. That’s why, executive education courses, Global Business Management Programmes, Senior Management Programme, or Certificate Programme in Project Management does not solely focus on specialisation in one domain.
Rather, these courses are designed to provide holistic knowledge of business operations and help develop skills that could be applied across various industries and organisations.
Key Points on Skill Requirements in General Management:
General management roles require many skills that can be applied across various industries and organisations. Vital skills include strategic thinking, decision-making skills, delegation and excellent communication skills.
A general management role is ideal for those who are willing to handle the various organisational activities.
2. Skills Required in General Management
3. Why is Upskilling Important for a Career in General Management?
No matter which industry you belong to, the constantly changing world, trends, and technologies demand that you keep updating your skills. A decade ago, the skills relevant to a particular job may have become completely irrelevant today. And as years go by and innovations hit the market, some job-specific skills relevant today are bound to become outdated in the near future.
In order to build a successful career in general management, it is not enough to just land a promotion. Instead, one needs to prepare yourself for the new roles and responsibilities one has to take on. Hence, upskilling is the need of the hour and a vital requirement to ensure that you can develop skills to succeed in this field.
A postgraduate certification in general management can help you familiarise yourself with various aspects of how a business functions. Enrolling in a well-designed senior management programme is just as important as gaining work experience within the industry.
4. How to Choose the Right General Management Programme?
Programs designed by the top B-schools in the country, such as the IIM Accelerated general Management Program, Senior Management Programme, Certificate Programme in Project Management, or the Executive Programme in Global Business Management, can expose you to the various aspects of general management. Unlike regular courses, executive education programmes are designed to help you learn while you work so that you can build your career without taking a break.
For those who already have business management and administration expertise, customised courses such as executive general management programmes by the country’s top IIMs are an excellent option to accelerate their career growth within their industry. Ultimately, building your career in general management is about recognising the opportunities you have to hone your skills across various functions of the business instead of focusing on a specific field. And executive education is the best method for working professionals to prepare for the jobs of tomorrow.
To know more: https://timestsw.com/executive-education/blog/industry-skill-requirements-for-general-management-professionals/
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