LEC 1-26-9-2024

Introduction
to Personal &
Corporate
skills
 Business
Trends/Economies

• Agri-Economy
• Manufacturing-
Economy
• Service-Economy
• Gig-economy
Three
M
to
 Evolution of personal skills

From Technical to Soft Skills: While early economies focused on

technical and physical skills, modern economies increasingly prioritize
soft skills like communication, leadership, and emotional intelligence.

Integration with Technology: As technology plays a larger role in

professional environments, personal skills such as adaptability, digital
literacy, and the ability to learn new tools have become essential.

Globalization and Diversity: Personal skills have evolved to include

cross-cultural communication and the ability to collaborate across
diverse teams, as globalization continues to expand the scope of
professional interactions.

Personal Well-being and Resilience: In response to modern work

pressures, personal skills now emphasize mental health, resilience,
and emotional intelligence, recognizing the role of well-being in
productivity and success.
 Business
acumen
 Business acumen is the ability to
understand and navigate various
business functions, such as
finance, strategy, and market
dynamics, to make informed
decisions.
 It involves applying knowledge
and insight to drive organizational
success and long-term growth
(sustainability).
 https://www.youtube.com/watch?v
=oKA4PiXN0w4
Business acumen
Zara modified their production lines to make medical
gowns during the COVID-19 epidemic, when demand for
fashion items decreased and personal protective
equipment became necessary.
The business' quick production reorientation
demonstrated the importance of an adaptable supply
network that can respond to sudden changes in
consumer demand.
 Personal Skills
Personal Skills: These are individual attributes and abilities that enable a person
to effectively manage themselves and interact with others.

• Communication: The ability to clearly express ideas, thoughts, and emotions.

• Emotional Intelligence (EQ): Understanding and managing your emotions and

empathizing with others.

• Time Management: Prioritizing tasks and managing time efficiently.

• Resilience: Ability to recover quickly from difficulties and stress.

• Importance: Personal skills are critical in both professional and personal contexts. They
help in building relationships, managing stress, and achieving personal growth. Individuals
with strong personal skills are better equipped to navigate the complexities of modern life
and work environments.
Personal skills
 Corporate Skills
Corporate Skills: These are professional skills required to function effectively in an organizational
setting.

• Leadership: Inspiring and guiding others to achieve a common goal.

• Teamwork: Collaborating with others to achieve collective success.

• Strategic Thinking: Understanding the broader business environment and making long-term
decisions.

• Project Management: Planning, executing, and overseeing tasks to achieve project goals.

• Importance: Corporate skills are essential for contributing to organizational success.

Professionals who possess strong corporate skills can lead teams, make informed decisions, and
drive business growth.
 Personal Skills (Examples for Students)

•Self-Discipline – Maintaining focus and adhering to study schedules

independently enhances communication skills for students by
fostering self-discipline and effective time management.
•Curiosity – Demonstrating a strong desire to learn and explore new
subjects and ideas.
•Resilience – Overcoming setbacks and persisting in the face of
academic challenges.
•Note-Taking – Effectively capturing and organizing information from
lectures and readings.
•Public Speaking – Confidently presenting ideas and information in
front of classmates and teachers.
 Personal Skills for Workplace
1. Effective Communication – Clearly conveying information and actively listening.
2. Time Management – Prioritizing tasks and meeting deadlines efficiently.
3. Problem-Solving – Identifying issues and developing practical solutions.
4. Adaptability – Adjusting to changing work environments and roles.
5. Teamwork – Collaborating effectively with colleagues and contributing to team
goals.
6. Leadership – Inspiring and guiding others towards achieving objectives.
7. Critical Thinking – Analyzing situations and using skills to make informed
decisions.
8. Conflict Resolution – Managing and resolving workplace disputes amicably.
9. Organizational Skills – Keeping workspaces and tasks well-ordered.
10. Emotional Intelligence – Understanding and managing your emotions and those
of others.
 Why Personal Skills are
Important?
 Enhance Communication – Effective personal skills, including soft communication
skills, improve the ability to convey ideas clearly and listen actively, leading to better
understanding and collaboration.
 Boost Productivity – Skills like time management and organization help in prioritizing
tasks and completing them efficiently.
 Improve Problem-Solving – Strong problem-solving abilities enable individuals to
tackle challenges effectively and find practical solutions.
 Foster Relationships – Personal skills such as empathy and teamwork build stronger
connections with others, enhancing both personal and professional relationships.
 Adapt to Change – Adaptability and resilience help individuals navigate and thrive in
changing environments and situations.
 Promote Career Growth – Skills like leadership, creativity, and networking are crucial
for personal development and advancing in one’s career.
Differences Between Hard Skills and Soft Skills

Aspect Hard Skills Soft Skills

Specific, teachable abilities or Interpersonal attributes and personal
Definition
knowledge. traits.

Communication, teamwork, problem-

Examples Programming, accounting, data analysis.
solving.

Measuremen Easily measurable with tests or Harder to measure; often observed in

t assessments. behavior.

Typically learned through formal Often developed through experience

Training
education or training programs. and practice.

Applied to specific tasks and technical Applied to interactions and managing

Application
aspects of a job. relationships.

Essential for completing job-specific Crucial for workplace harmony and

Relevance
duties. leadership.
 The Link Between
Personal and Corporate Success

Interconnectedness: Personal
skills, like communication and
emotional intelligence, enhance
corporate skills such as
leadership and teamwork. Strong
personal skills help individuals
perform better in corporate roles
by managing interpersonal
dynamics and maintaining
resilience.
Mutual Impact: Personal growth
drives corporate success by
improving productivity and
performance. Likewise, corporate
success enhances personal
development by providing
experience in managing tasks
How could
we improve
personal
and
corporate
skills ?
Communication Skills
• Practice Active Listening: Focus on truly
understanding what others are saying before
formulating your response.
• Clarity and Conciseness: Practice expressing
thoughts clearly and succinctly in both written and
verbal communication.
• Feedback and Reflection: Ask for feedback and
reflect on areas for improvement. This helps you adjust
your communication style based on context.
Emotional Intelligence (EQ)
Self-Awareness
Reflect on your emotions and identify patterns through self-assessment.
Practice mindfulness to stay present and recognize your emotional triggers.
2. Self-Regulation
Pause before reacting to avoid impulsive decisions and manage stress with relaxation techniques.
Stay flexible and composed by adapting to change and embracing new perspectives.
3. Motivation
Set meaningful personal goals that align with your values and maintain a positive outlook.
Embrace challenges as opportunities for growth and keep a growth mindset.
4. Empathy
Listen actively, observe non-verbal cues, and try to understand others' emotions and perspectives.
Show genuine interest in others’ concerns by putting yourself in their shoes.
5. Social Skills
Communicate clearly and respectfully, and practice active listening to build rapport.
Handle conflicts constructively by focusing on solutions and maintaining positive relationships.
6. Continuous Learning
Seek feedback from others to understand how you come across emotionally.
Keep improving by reading, taking courses, and practicing EQ regularly.
 Time Management
Use Time Management Tools: Decid
DO
Tools like the Pomodoro technique e
or Eisenhower Matrix help
prioritize tasks.
Set Clear Goals: Break down
large tasks into smaller, actionable
steps to manage time efficiently.
Minimize Distractions: Identify Delega Delet
te e
time-wasting habits (like
unnecessary social media usage)
and create a focused work
environment.
Problem-Solving and Critical
Thinking
• Analyze Case Studies: Learn from real-life scenarios
by analyzing how others solved complex problems and
applying that thinking to your situations.
• Challenge Assumptions: Regularly question
assumptions and explore different perspectives to
improve your analytical skills.
 Stress Management and Resilience
Build a Support Network: Cultivate strong personal relationships to create a support system
during stressful times.
 Leadership and Influence
• Develop Emotional Intelligence:
Effective leaders inspire and influence
others by understanding and managing
emotions. Working on EQ enhances
leadership abilities.
• Take on Leadership Roles: Volunteer
for leadership roles in projects or teams
to practice leading and motivating
others.
• Continuous Learning: Study leadership
theories and attend workshops on
leadership styles (e.g., transformational,
servant leadership).
Teamwork and Collaboration
• Develop Interpersonal Skills: Work on
communication, empathy, and conflict
resolution to become a more effective team
player.
• Engage in Group Projects: Participate in
collaborative projects that require teamwork
to practice collaboration and coordination.
• Seek Feedback from Team Members:
Regularly ask for feedback on your
teamwork contributions and areas for
improvement.
Strategic Thinking and Business
Acumen
• Study Business Models: Understand different
business models and how they create value. This can be
achieved through case studies, books, or online courses.
• Think Long-Term: Practice seeing the bigger picture by
developing plans that focus not only on immediate
goals but also long-term organizational objectives.
• Participate in Strategic Discussions: Engage in
conversations about company strategy or read about
strategic decisions made by top organizations.
 Decision-Making and Problem-
Solving
• Use Decision-Making
Frameworks: Apply structured
approaches like SWOT analysis,
decision trees, or cost-benefit
analysis to improve decision-making.
• Practice Delegation: Improve
decision-making by learning when
and how to delegate tasks
effectively.
• Analyze Past Decisions: Reflect on
past decisions, whether successful
or not, to learn what worked and
what didn’t.