Importance of Soft Skills in Business and PGDM(MBA)

Soft skills are personal attributes that enhance an individual’s ability to interact effectively and harmoniously with others. In the present business scenario, the importance of soft skills has been accentuated due to the rapidly changing and complex business environment. Organizations today are in dire need of individuals who are not just technically proficient but also possess excellent communication, interpersonal and leadership skills.

Soft Skills – The Present Demand

The demand for individuals with strong soft skills has increased exponentially in recent years. In a survey conducted by the Harvard Business Review, it was revealed that 90% of top executives believed that soft skills are becoming increasingly important in the current business scenario. This trend is not limited to senior level positions, even entry-level employees are expected to have a good mix of technical and soft skills.

The reason behind this is that businesses today are facing numerous challenges and to overcome these, they need employees who can work effectively in teams, communicate clearly, handle stress and possess a positive attitude. Soft skills help individuals to collaborate and work harmoniously with others, which in turn helps in improving the overall productivity of the organization.

Important soft skills for PGDM(MBA)

For MBA(PGDM) students, it is crucial to possess a good mix of technical and soft skills. Some of the important soft skills for MBA graduates are:

Communication skills: Good communication skills are vital for MBA(PGDM) graduates, as they are often required to present ideas, negotiate deals and build relationships with clients.
Interpersonal skills: PGDM(MBA) graduates should be able to work effectively in teams, understand others’ perspectives and be able to resolve conflicts in a positive manner.
Adaptability: The business world is rapidly changing and MBA/PGDM graduates must be able to adapt to these changes quickly and effectively.
Leadership skills: PGDM/MBA graduates should possess excellent leadership skills and the ability to motivate and guide their team towards achieving common goals.

Problem-solving skills: Effective problem-solving skills are crucial for PGDM/MBA graduates, as they are often faced with complex business challenges and must be able to find innovative solutions.

How To Develop Your Soft Skills

Developing soft skills is a continuous process and requires effort and commitment. Here are a few ways to enhance your soft skills:

Seek feedback: Ask for feedback from your colleagues, mentors and supervisors. This will help you identify areas where you need improvement and also help you understand how others perceive your communication and interpersonal skills.
Practice active listening: Make an effort to listen to others’ perspectives, understand their point of view and ask relevant questions.
Network: Attend industry events, conferences and networking events. This will give you the opportunity to meet new people and practice your interpersonal skills.
Take on leadership roles: Volunteer for leadership roles in your workplace or community. This will give you the opportunity to develop your leadership skills and also help you understand the importance of teamwork.
Read: Read books, articles and blogs on soft skills, communication and leadership. This will help you gain a deeper understanding of these skills and also help you identify areas where you need improvement.

Why Should B-School focus on soft skills

Business schools like GIBS Business School play a critical role in shaping the future leaders of the business world. It is therefore essential that they focus on the development of soft skills along with technical skills. Here are a few reasons why business schools should focus on soft skills:

Improves employability: Business schools that focus on the development of soft skills help their students become more employable. Organizations today are looking for individuals who not only have technical proficiency but also possess excellent communication and interpersonal skills. By focusing on the development of soft skills, business schools can equip their students with the necessary skills that are in high demand in the job market.
Enhances overall performance: Soft skills play a crucial role in the overall performance of an individual. They help individuals to work effectively in teams, communicate clearly, handle stress and possess a positive attitude, all of which contribute to their overall performance.
Promotes collaboration: Soft skills help individuals to collaborate and work harmoniously with others, which in turn helps in improving the overall productivity of the organization. By focusing on soft skills, business schools can promote a culture of collaboration and teamwork among their students.
Prepares students for the real world: Business schools should focus on the development of soft skills as they are critical in the real world. Students who possess strong soft skills are better equipped to handle the complex and rapidly changing business environment.
Fosters personal growth: The development of soft skills not only benefits individuals in the workplace but also contributes to their personal growth and overall well-being. Business schools that focus on soft skills help their students to develop a positive self-image, improved communication skills and a more harmonious relationship with others.

In conclusion, the importance of soft skills in the business world cannot be underestimated. GIBS Business schools have a critical role to play in shaping the future leaders of the business world and should focus on the development of soft skills along with technical skills. By doing so, they can equip their students with the necessary skills to succeed in the rapidly changing and complex business environment.

The Global Institute of Business Studies (GIBS) Finishing School is a business school located in Bangalore, India. It provides management education to students and focuses on the overall development of students by providing them with industry-relevant skills and knowledge.

The Finishing School at GIBS offers various programs in the fields of management and leadership, such Post Graduate Program in Management (PGPM). The programs aim to equip students with practical knowledge and hands-on experience through case studies, industry visits, and project work.

GIBS Finishing School has a strong reputation for providing quality education and preparing students for successful careers in the corporate world. The school has a team of experienced faculty members and a state-of-the-art campus to provide students with a comprehensive learning experience.

GIBS Business School is an Exclusive Business School offering PGDM – AICTE Approved Program & BBA – Bangalore University Program. GIBS Has been considered as a Top Business School in India with Best ROI College in Bangalore. GIBS has Ranked under TOP 10 Business Schools in India under Management Category. Being a Best PGDM/MBA Colleges in India GIBS’s 70% focus will be on Practical Exposure. GIBS Accept CAT/MAT/CMAT/ATMA Entrance Test with a minimum 60 percentile. GIBS is promoted & Driven by IIM Alumni and being a Top B School in Bangalore our Focus will be on Holistic Development of IQ, EQ, SQ & HQ. GIBS is a preferred choice for the Management student because GIBS IRE School & Finishing School is one of the unique programs which provides best placements for PGDM & BBA Students in Bangalore. To get PGDM/BBA Admission in Bangalore aspirants can call GIBS executives any moment and clarify their queries.

GIBS always believe in seeing is believing and we bet that you will love the state-of-art corporate infrastructure and you will also love meeting the team of innovative minds at GIBS who believe in spreading the Power of Positivity. Looking forward to meeting all of you in person at our campus. Thanks one and all.

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