List 5 managerial characteristics required for entrepreneurs
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Answer:
#1 – Having a Vision and Communicating It
One of the qualities of a great manager is knowing how to convey the mission to others, and proposing a clear way of thinking that can orient everybody’s work. Having vision is one thing, but it is another altogether to be able to convey it.
After all, it is useless if it can’t be clearly understood. And I must emphasize the word clearly!
#2 – Being Autonomous and Responsible
A great manager must be able to tackle decisions on his or her own and, most importantly, must be capable of bearing the responsibility of those choices, be they good or bad. It is also crucial that they prioritize and develop their employees’ autonomy, empowering them all the while.
Being autonomous means being unafraid of responsibility, being able to take a firm stance on issues even when alone with a given opinion, and accepting the consequences of such a decision.
Let’s be honest – being a leader often means having to face difficulties on your own, and that is not a strength given to everyone!
#3 – Knowing How to Be in Command
The person in command should keep an eye on the goal, give directives, make judgment calls, tackle obstacles head-on, manage their emotions, be a role model for others, take a firm stance on some issues – often going against the status quo – and win the trust of others. Not an easy feat indeed!
Nothing is more harmful to a team than a captain without direction, who is unable to settle conflicts, who refuses to see reality as it is, who can’t bear criticism, and who won’t answer for his or her actions. It is the perfect recipe for disaster!
#4 – Taking the Right Decisions at the Right Time
For managers, the art of decision making is an essential requirement of leadership. The result of the choices made by the manager can be, and often is, the very reason for their success or failure.
It is important to make the best decision possible, but making it at the right moment is key. Doing so too late is as bad as making the wrong decision!
#5 – Showing Managerial Courage
One of the main qualities of a great manager is his or her managerial courage. After all, they are people who must face problems, say things as they are, make difficult decisions and be responsible for their actions.
Recognizing things for what they are means saying that which needs to be said at the right time, to the right person, and in the right manner.
Facing problems is essentially equivalent to making sure that one is looking at reality, no matter how harsh it may be, and then sharing it with the team in order to tackle it together.
All in all, managerial courage means knowing how to manage the storm, including the incertitude and ambiguity that comes along with it. A great manager makes more right decisions than wrong ones, even when based on insufficient information, in the least amount of time possible and with few or no precedent solutions on which to base their reasoning!
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