Conceptual skills

Definition

Conceptual skills are the ability to understand complex situations and develop creative solutions, involving an understanding of how different parts of a business relate to each other and the external environment. They enable managers to strategize and solve problems that involve abstract ideas and overarching goals.

Related terms

Strategic Planning:

The process of defining a company's direction and making decisions on allocating its resources to pursue this strategy.

Problem: solving - The ability to identify, assess, and resolve issues quickly and effectively.

Decision: making - The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions