6. Emotional intelligence. If you can manage your emotions and help manage the emotions of others, chances are you have emotional intelligence. Emotionally intelligent managers often have empathy for others, a sense of self-awareness, an ability to think before speaking or acting, and a high degree of resilience. 7. MA n A g e M e n t: definitiOn, fu n c t i O n s, A n d cOMPetencies 5 Managers implement six management functions as they carry out the process of man-agement (Longest et al., 2000): Planning: This function requires the manager to set a direction and determine what needs to be accomplished. It means setting priorities and determining performance Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling.1 Consider what each of these functions entails, as well as how each may look in action. Since man became victorious in the industrial revolution, every business has been using these five M's: man, materials, machines, minutes and money; to operate with, or without, success. To As in other areas of business, strategic planning for communication starts with defining the desired outcome and then planning the engagements that will bring about that outcome. There are five basic components of a solid communication strategy. Self-management is your ability to regulate behaviors, thoughts, and emotions in a way that better serves you and your work. Learn the 7 most important self-management skills to become a better leader. Developing self-management is an introspective process. It requires an honest deep dive into your own emotional intelligence, self control, and Concept of 5M's of Management Introduction . The 5 M's of management is a framework used in manufacturing or production environments to analyze and optimize key elements of operations. The five elements, known as the 5 M's, include Manpower, Machinery, Materials, Methods, and Money. 11. Equity. All employees should be treated equally and respectfully. It's the responsibility of a manager that no employees face discrimination. 12. Stability. An employee delivers the best if they feel secure in their job. It is the duty of the management to offer job security to their employees. 13. Managers usually incorporate different leadership styles and change their management style to adapt to different situations. Examples of situational leadership styles include: Directing: The manager leads by deciding with little input from the employee. This is an effective leadership style for new employees who need a lot of initial direction The processes of operations management are impacted by five variables which are known as 5Ps of management. These are as follows: 1. Product. The ultimate link between the production and marketing processes of a company is the product manufactured by it. A customer demands a product but at the same time, the organization must also be capable of PZGFW.