SMART Skills

SMART Skills

Soft skills like leadership, decision-making, conflict resolution, negotiation,
communication, creativity and presentation skills are essential for entrepreneurial success
and for maximizing human capital in any enterprise. When balanced with a good
management team and an effective human resource management system, soft skills
provide a way to get the highest return on the investment in terms of human capital.
While professional skills may open the door of opportunity, soft skills keep you in the
driver’s seat.

Soft skills are critical to all facets of the venture. They can provide great energy
and cohesion for the members of the enterprise. Your success is more secure with an
experienced management team at the top. You don’t want to gamble on the abilities of
you and your cofounders to grow the company at optimal rates through all the different
stages of the enterprise. Finally, your human resource management system allows you to
harvest the creativity of your talent. People leave or lose motivation at different times.
Without the proper system, you can keep making the same mistakes. When appropriate
attention is paid to all the three corners, you begin to maximize and grow the human
capital because you build capacity in the system.