There are but a few long-term thinkers. The managers that plan far ahead are the same ones who are simultaneously breathing a sigh of relief if they can close the current quarter with a minimal book quarter. After all, no business owner or manager wants to make a loss; thus, the least profit is excellent.
Where one manager sets his sights on the future, the other opts to see nothing and hear nothing but usually has his mouth full of plans.
Many managers got stuck in their old ways and have never upgraded their management techniques. They could be great leaders, just not switched on well enough to the rapid market development.
One much-overlooked pitfall for most managers is strategy, next to a solid and ground-breaking planning process.
A good manager knows about markets and is all-rounded, a jack of all trades. They should know about economics and finance, have at least some technical skills, and be able to think of concepts while simultaneously being a great communicators. When it comes to communication, one always thinks of the most straightforward interpretation, which is the ability to transfer information to others.
A good manager has mastered the art of soft skills and can transmit information correctly; this means being thoughtful. He should be able to translate his emotions and thoughts into understandable information.
Next to general knowledge of global markets and social changes, i.e. a sharp view of the different markets. A true manager/leader also knows a thing or two about politics.
From behavioural science, we can derive that leaders and managers must uphold themselves to the highest standards for their employees. What this means is to put as much emphasis on the business interest as the staff present in your organization. Those that show up day after day need respect. You need to attend to their needs. Your employees are under your responsibility for the hours that they are present in your building.
Thus having people skills entails more than just throwing a monthly wage at your employees. A manager must have excellent interpersonal skills; you must be able to lead and motivate a group of people, including management, under challenging circumstances. One does not simply walk away from their management duties when things get complicated. That is when you show up as a manager and resolve conflicts without falling short or failing anyone. That is when you work together as a TEAM toward a resolution. Otherwise, all those team-building efforts are lost. Good for nothing.
One test of the character of a manager is his ability to guide his team and business well through a storm. He/She can translate market discipline into market opportunities.
A good manager has a plan ready for at least five years from today; he is goal oriented and has worked out his ideas precisely. He is not about scoring short-term goals, i.e. racking in short terms wins for his business.
He and his team work in the most controlled manner toward achieving their business strategies. They are patient yet persistent. A good manager is mature in his thinking and has only a few trusted allies with whom he likes to surround himself.
Thus, a competent manager cannot bounce back from a challenging situation unless his planning already in place enables him to function well despite the circumstances. Thus, allowing the business to continue and hand out direct hits timely on its term as well.
A competent leader knows how to hold on to his vision by not exposing it too much and not to everyone. It does help if you, as a manager/leader, keep your circle small. That should be your quiet strength in managing and navigating life as well.
See the parallel I have drawn there between private life and work. In terms of personality, people are the same in different situations. Professionals who manage people do not become managers at work.
Only some people are suited to managing people or leading others.
That is how a manager would generate more value for himself. His antics allow him to achieve extremely high productivity levels, thus reaping more appreciation from all his employees.