Technical Skills or Business skills- Which one should a business person chase?

[IB D]

Technical skills allow business people to have a deep understanding of the products or services they offer. This knowledge can help them make informed decisions and find innovative solutions to problems.

Business skills are necessary for effectively running a business and achieving success. These skills include management, marketing, sales, and financial literacy

Are technical skills or business skills more important for business success? Can you have one without the other and still be successful?

 

[jetsaints30]

It really depends on the industry and the specific business you're talking about. In my opinion a combination of both technical and business skills is ideal for success in most businesses. Technical skills give you the expertise to execute your ideas and plans effectively while business skills help you understand the market and make smart decisions that drive growth.

 

[Bisolami]

Technical skills allow business people to have a deep understanding of the products or services they offer. This knowledge can help them make informed decisions and find innovative solutions to problems.

Business skills are necessary for effectively running a business and achieving success. These skills include management, marketing, sales, and financial literacy

Are technical skills or business skills more important for business success? Can you have one without the other and still be successful?

It depends on what the person wants to become. Some people prefer technical skills while some prefer business skills.

 

[Springtime]

That depends on the industry you operate in. If you want to start an IT business, the owner should preferably have IT as well as business background.

 

[Shavkat]

Both of these entries needed to be considered in having businesses in this world. We are connected to the 4th Industrial Revolution that both skills are essential to be successful in the business world.

 

[eldavis]

It would be best to have both. There is nothing wrong in having more than one skill. If you really want to be above the competition around you, having both skills and even more would give you an advantage.

 

[Niyi Briggs]

Some people prefer to pursue technical skills and become proficient in their chosem field. They then hire core business people to do the business part of it like negotiations, contracts and the rest.