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www.gyaniversity.com70Introduction To ManagementDo you think that the role of a manager is changing in the modern organizational context? Elaborate with examples.increasingly tasked with balancing profitability with ethical considerations and the well-being of all stakeholders, including employees, customers, and the community. They must integrate sustainable practices into business operations, ensuring that the organization not only achieves its financial goals but also contributes positively to society.List out the skills needed for a manager.Exam Prediction: 43%Source: IGNOU TextbookA manager needs a wide range of skills to navigate the complex and ever-changing business environment effectively. The following are the key skills required for a manager, along with an explanation of each:1. Understanding and Communicating Vision: A manager must have a clear grasp of the organization%u2019s vision, mission, and goals. This includes the ability to interpret strategic objectives and communicate them clearly withthe team. When team members understand the bigger picture and how their roles contribute to achieving these goals, they are more motivated and aligned with the organization%u2019s direction.2. Decision-Making Ability: Good decision-making is at the heart of effective management. A manager should be capable of analysingsituations, identifying alternatives, and choosing the best course of action promptly. This includes the skill to weigh risks and benefits and consider both short-term and long-term impacts on the organization. Effective decision-making not only drives results but alsobuilds trust within the team.3. Independent Thinking and Responsibility: A manager should be self-reliant and capable of independent thought. This involves not only making decisions autonomously but also being ready to take responsibility for those decisions. Managers must empower themselves by taking the initiativeand being accountable for the outcomes, whether they are successes or learning opportunities.4. Knowledge and Expertise: A strong foundation in both management theory and practical application is essential. Managers need to remain well-informed about industry trends, market dynamics, and regulatory environments. This expertise enables them to make informed decisions and swiftly adapt to any changes that may affect the organization. Continuous learning in the field also plays a huge role in keeping a manager current and effective.