Managers Developing Analytical Skills - 1022 Words

Introduction Analytical is the use of analysis to solve problems. Analysis is the breaking down of problems into smaller problems that can be solved separately. It usually uses a process that directs it towards achieving a certain goal. Analytical skill is therefore defined as the ability of visualizing, articulating and solving issues that are either complicated or not and making sensual decision that is based on the information available. When gathering and analyzing information, analytical skills are put into practice as well as when designing and testing solutions to problems. In management, analytical skill is the ability of dividing problems into parts so that you can visualize their relationships. Managers can plan and lead projects successfully if they have analytical skills. They can forecast financial results and develop plans accurately towards achieving goals and objectives by working together with their people. They can finally accomplish their plans and produce predictable results l ogically in a more systematic manner. Discussion In solving business problems, a manager frequently uses his analytical skills. When a crisis occurs in a location or a unit is not performing as expected, the manager applies his skills to question and do research on the cause of the problem. Once a potential cause has been identified, the manager chooses on an appropriate solution to solve the problem. An analytical approach, therefore, becomes an appropriate process of breaking downShow MoreRelatedA Research On Financial Management1461 Words   |  6 PagesINTRODUCTION This report describes on the first section a research about financial managers, which is covered with the job description, the roles, the skills Knowledge, work environment and the rewards job outlook. 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