Deal vs. Manage

Attribute	Deal	Manage
Definition	Make an agreement, especially in business	Be in charge of, control, or administer
Responsibility	Usually involves negotiation and reaching an agreement	Involves overseeing and directing activities or people
Focus	Primarily on reaching an agreement or arrangement	Primarily on organizing and directing resources
Skills	Negotiation, communication, persuasion	Leadership, organization, decision-making
Outcome	Agreement or arrangement reached	Efficient use of resources, achievement of goals

Definition

Deal and manage are two terms that are often used in business and project management. Deal refers to the act of negotiating or making an agreement with someone, while manage refers to the act of controlling or organizing a group of people or a project. Both terms are essential in the business world, but they have distinct attributes that set them apart.

Attributes of Deal

When it comes to dealing, the main attribute is negotiation skills. In order to successfully make a deal, one must be able to communicate effectively, listen actively, and find common ground with the other party. This requires a certain level of emotional intelligence and the ability to think on one's feet. Additionally, dealing often involves compromise and finding a win-win solution that satisfies both parties involved.

Another attribute of dealing is the ability to assess risks and rewards. Before entering into a deal, it is important to carefully evaluate the potential outcomes and weigh the pros and cons. This requires a strategic mindset and the ability to anticipate potential obstacles or challenges that may arise during the negotiation process.

Furthermore, dealing requires a certain level of confidence and assertiveness. In order to successfully negotiate a deal, one must be able to advocate for their own interests while also being respectful of the other party's needs. This balance between assertiveness and empathy is crucial in building trust and fostering a positive relationship with the other party.

Lastly, dealing often involves a certain level of creativity and problem-solving skills. In order to reach a mutually beneficial agreement, one must be able to think outside the box and come up with innovative solutions to complex problems. This requires a flexible mindset and the ability to adapt to changing circumstances during the negotiation process.

Attributes of Manage

On the other hand, managing involves a different set of attributes that are focused on controlling and organizing a group of people or a project. One of the key attributes of managing is leadership skills. In order to effectively manage a team, one must be able to inspire, motivate, and guide others towards a common goal. This requires strong communication skills, emotional intelligence, and the ability to make tough decisions when necessary.

Another attribute of managing is the ability to delegate tasks and responsibilities. A good manager knows how to assign roles to team members based on their strengths and weaknesses, and how to empower them to take ownership of their work. This requires trust in the team members and the ability to provide support and guidance when needed.

Furthermore, managing requires a certain level of organization and time management skills. In order to keep a project on track and meet deadlines, a manager must be able to prioritize tasks, allocate resources effectively, and monitor progress towards goals. This requires attention to detail and the ability to juggle multiple responsibilities at once.

Lastly, managing often involves conflict resolution and problem-solving skills. In a team setting, conflicts are bound to arise, and it is up to the manager to address them in a timely and effective manner. This requires a calm and level-headed approach, the ability to listen to all parties involved, and the skills to find a resolution that satisfies everyone.

Comparison

While dealing and managing are both essential skills in the business world, they have distinct attributes that set them apart. Dealing requires negotiation skills, risk assessment, confidence, and creativity, while managing requires leadership, delegation, organization, and conflict resolution. Both skills are important for success in business, but they require different approaches and mindsets.

Ultimately, the ability to deal and manage effectively can make a significant impact on the success of a business or project. By honing these skills and understanding the unique attributes of each, individuals can become more effective leaders, negotiators, and problem-solvers in the business world.