13 January 2018

From management skills to innovation: the key to the future of business

management skills

Complex problem-solving, critical thinking and creativity are some of the key skills of the management skills that the leaders of the future cannot be without, according to the study The Future of Jobs.

This is the set of capabilities that will guide the company in an environment where the high frequency of innovation will require maximising the adaptability of the business. Management skills must also make it possible to achieve goals by combining human effort with the contribution of machines.

Robots and individuals form the new business landscape, is your organisation ready for this new era? Do you have the necessary management skills to meet the challenges involved?

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Technology and management skills: a slightly different equation

Technology and management skills: a slightly different equation

75% of the companies surveyed PWC for their CEO 2017 study confirm that they have had to make changes to its talent strategy. There are two main reasons for this:

  • La need to fill the shortage of managerial skills coming up.
  • The important thing about aligning with the future employment structure, which should be reflected in this type of policy.

The same report by PWC ensure that “There is a high probability that new jobs in positions of responsibility will be related to digital and technological capabilities.”, a set of managerial skills that three-quarters of the CEOs surveyed rated as important or very important.

The profiles that include them are usually among the most difficult to obtain, and this challenge is added to the complexity of finding professionals who meet The 5 main management skills for the organisation, which are:

  • Leadership.
  • Problem solving.
  • Creativity.
  • Adaptability.
  • Innovation.

These are a set of typically human capabilities. There is no machine in the world that can develop them, and yet, they are essential. To these, we should add others such as digital skills.

How to prepare for developing future leadership skills

According to research from World Economic Forum, “el 35% de las habilidades necesarias para prosperar en un trabajo hoy en día será diferente dentro de cinco años”This implies that it's not so simple to prepare to manage the businesses of the future, how can you achieve this if you can't be sure what it will be like? What leadership skills should be developed now to ensure tomorrow's success?

The World Economic Forum conducted a survey involving nine hundred companies. The aim was to gain a better understanding of the managerial skills required in these jobs of the future.

Once again, the results they confirmed that the most relevant leadership skills include, among others:

  • Interpersonal skills.
  • Responsibility.
  • Commitment.
  • Knowledge of digital tools.

However, one must not lose sight of the fact that the world of work is changing, so if you want to keep up, We must focus on continuous learning, the only way to develop new skills.
Finally, regarding The most sought-after management skills, it is important to take into account that it is not enough to have them, it is not enough to be innovative or collaborative, but it is also necessary to know when to apply each one of them and how they can be used in a specific business context.

Edenred Spain