Understanding Management vs. Skill Inventories: What Are Their Key Components?

Distinguish between a management inventory and a skill inventory. What are the essential components of each?

A management inventory typically focuses on assessing the leadership and managerial skills of individuals within an organization. This includes evaluating their ability to plan, organize, and coordinate tasks effectively. Key components of a management inventory may include evaluating decision-making skills, communication abilities, strategic thinking, and conflict resolution skills.

On the other hand, a skill inventory is more comprehensive and encompasses a broader range of competencies beyond just managerial capabilities. It includes an assessment of technical skills, soft skills, interpersonal skills, and specialized knowledge relevant to specific roles within the organization. Components of a skill inventory may consist of technical expertise, creativity, adaptability, problem-solving abilities, and industry-specific knowledge.

Understanding the distinction between a management inventory and a skill inventory is crucial for organizations to effectively evaluate and develop their workforce based on the specific competencies required for various roles.

Skills Inventory

A skills inventory is the stock of requisite skills/competences/behaviors to perform in a job position.

This skills inventory will vary among companies, industries, as per business situations, etc.

Herebelow is an example of a skills inventory for a job position titled - PUBLIC RELATIONS EXECUTIVE:

- Effective written communication
- Persuasive speaking/presentational skills
- Problem-solving
- Decision-making
- Conceptualizing
- Objective thinking
- Active listening
- Editing
- Research/Information Gathering
- Production Skills (Desktop publishing, layout, graphics)
- Computer Skills (Basic plus desktop publishing and Internet)
- Networking/People Skills
- Time Management
- Stress Management
- Multi-tasking

Management Inventory

A management inventory is a centralized stock of data on a company's assets, which details - what they are (hardware/software/facilities/fixtures/management resources/hr etc), where they are, how they are used, return on assets, etc.

It provides a real-time, interactive picture of how the assets are used and provides an integrated view of the business situation. It helps to maximize the usage of all assets and removes/limits the wastage.

Hope this is useful to you.

Regards,

LEO LINGHAM