Learning advanced management skills is a great way to climb the corporate ladder and build your career in the business world.
From financial management to leadership and marketing abilities, all these skills are crucial to helping companies grow in today’s competitive landscape.
REGENT offers management skills training with our Advanced Diploma in Management, suitable for individuals who want to achieve senior-level roles.
In this article, we discuss the skills you will learn with an Advanced Diploma in Management, including soft and hard skills, so you can decide if this is the right programme.
Does an Advanced Diploma in Management focus on hard skills or soft skills?
An Advanced Diploma in Management typically focuses on a blend of hard and soft skills to provide students with well-rounded abilities.
Here is a general breakdown of the differences between these skills:
- Hard skills include technical knowledge and practical skills that need to be learned, such as financial management, working with specific software, and doing data analysis.
- Soft skills are interpersonal or “people” skills such as communication, listening, teamwork, and decision-making. They cannot be learned but instead developed.
The balance between hard and soft skills may differ based on the specific programme you study. Most advanced diplomas aim to give students a robust education that includes both.
Top 8 Advanced Diploma in Management Skills
You will learn some essential management skills when completing an Advanced Diploma in Management. These include but are not limited to, the following.
1. Strategic Planning
Strategic planning is the skill of developing a clear vision for a company’s future by setting long-term goals. It involves:
- Conducting a SWOT analysis to come up with strategic plans and solutions
- Creating actionable steps to implement these strategies
- Measuring progress through KPIs (key performance indicators)
2. Project Management
Project management includes developing project plans by looking at objectives, deliverables, budgets, and deadlines. It involves overseeing projects from beginning to end, including the following:
- Managing resources
- Ensuring all milestones are met
- Tracking progress
- Managing risks
- Making adjustments to keep the project on track
3. Leadership and Team Management
Leadership skills development allows you to effectively lead and inspire team members through different leadership styles to achieve company goals and stay positive even during difficult times. It involves the following:
- Creating cohesive teams
- Encouraging collaboration
- Managing team dynamics
- Identifying sources of conflict and implementing strategies to resolve these issues
4. Accounting Management
Accounting management is the ability to prepare and analyse financial statements to understand the company’s performance. It involves the following:
- Tracking and analysing costs associated with production, projects, and services
- Developing and managing budgets
- Establishing and monitoring internal controls and safeguarding company assets
- Using historical data to identify patterns and project future financial performance
5. Marketing and Sales
Marketing is the ability to conduct market research to help understand customer needs, market trends, and the competitive landscape. Doing so allows you to create successful marketing campaigns. Marketing and sales involve the following:
- Developing marketing material geared towards ideal customers
- Developing and maintaining a strong brand presence
- Designing and implementing sales strategies, including customer acquisition and retention
6. Human Resource Management
Human resource management includes developing strategies for attracting talent and making hiring decisions that benefit the company.
It involves the following:
- Hiring talent
- Conducting interviews
- Setting performance goals
- Conducting evaluations
- Providing feedback to improve employee performance
7. Communication Skills
Verbal and written communication skills are crucial when it comes to talking with stakeholders and participating in discussions. This also involves the following:
- Delivering clear and persuasive presentations
- Leading meetings effectively
- Crafting professional reports, proposals, and correspondence
- Engaging in negotiations
- Resolving conflicts
8. Change Management
Change management is developing and implementing strategies for managing organisational change. It involves
- Communicating with stakeholders and addressing concerns during transitional periods
- Identifying and dealing with resistance
- Coming up with strategies to make transitions as smooth and undisruptive as possible
What are the most in-demand management skills employers look for?
Employers today seek workers with diverse management skills to ensure their teams have good leadership to drive organisational growth.
Some of the top management skills that all managers need include:
- Leadership
- Decision-making
- Problem-solving
- Financial acumen
- Technology proficiency
- Customer focus
- Emotional intelligence
FAQ
Does an Advanced Diploma in Management cover marketing skills?
Yes, an Advanced Diploma in Management’s curriculum generally covers marketing skills. The depth and focus can vary depending on the specific programme. Some marketing skills covered include market research, marketing strategy, digital marketing, brand management, and advertising and promotion.
Does an Advanced Diploma in Management teach you about project management?
Yes, an Advanced Diploma in Management generally covers project management skills. This includes project planning, resource management, risk management, project execution, monitoring, and project closure.
What specific software or tools will I learn to use in an Advanced Diploma in Management?
Depending on your programme, you will likely get training on different software and tools essential for effective management. Though the software can differ significantly, some software that is commonly covered include the following:
- Project management software: Microsoft Project, Asana, Trello, Monday.com
- Financial management software: QuickBooks, Microsoft Excel, Sage
- Customer relationship management (CRM) software: Salesforce, Hubspot, Zoho CRM
- Marketing tools: Google Analytics, Mailchimp, Hootsuite
- Collaboration and communication tools: Slack, Microsoft Teams, Zoom, Google Meets
- Data analysis software: Tableau, Power BI
- Human resource management software: BambooHR, Workday
- Document management tools: Google Workspace, Microsoft Office 365
Get management skills training with REGENT
The development of management skills is crucial in an increasingly competitive job market. Learning essential management skills is necessary to stand out among other job candidates and help your company thrive.
You can look at REGENT’s Advanced Diploma in Management to see what is included, the entry requirements, and more.
