Management skills as a factor of business competitiveness

Abstract

Managerial skill is a crucial factor in the formation and performance of effective leaders. This capability fosters strategic alignment in organizational management, especially in adapting to market changes, which has driven new ways of managing, controlling, executing, assessing, and making decisions to achieve operational and mission-related objectives in companies. This article sought to analyze the importance of managerial skills as a key element of business competitiveness. A descriptive qualitative approach was used, drawing from freely accessible electronic documents. The results focus on three main themes: managerial skills as a competitive strategy, fundamental skills of a manager for business competitiveness, and managerial skills as a factor of competitiveness. The findings suggest that companies increasingly require management staff with knowledge, experience, and skills that allow them to achieve objectives and business success. Managerial prowess is, therefore, an essential aspect to foster competitiveness in the corporate realm.