ECONOMICS

Detailed explanation-1: -Motivate and communicate – communicating decisions clearly and creating a team ethos amongst staff. Measure – establish appropriate yardsticks and targets, and analyze and interpret performance. Develop people – developing staff as company assets.

Detailed explanation-2: -To be an effective manager, you need to be confident in your abilities, experience, and decision-making skills. This doesn’t mean you have to be arrogant or feel that you’re better than your employees. But you’re in a management role for a reason, your confidence will empower your team to be the best they can be.

Detailed explanation-3: -Spokesperson – Managers represent and speak for their organization. In this role, you’re responsible for transmitting information about your organization and its goals to the people outside it.

Detailed explanation-4: -Effective managers are always good delegators. They can distribute tasks to their team as well as ensuring that their own time is well used for management issues and important tasks. Employees that feel trusted are better placed to achieve their potential and are given an incentive to ensure that they perform well.