Managers should have knowledge about different topics related to management such as communication, leadership, organizational culture, and decision making, among others. The knowledge gained in studying the topics equips managers with the requisite skills to be applied in the working environment. Ideally, managers are individuals mandated with overseeing the management of different resources. In other words, managers are people responsible for controlling or administering a group of people. Indeed, managers should possess various skills in order to accomplish their managerial roles. The skills are acquired through learning the different topics related to management. For instance, a manager is responsible for making crucial organizational decisions concerning the efficient allocation of resources. As thus, managers should competently apply the decision-making skills in order to make wise and fruitful decisions that do not hinder the success of the organizations. Indeed, the theoretical managerial knowledge is paramount as it is applied by leaders to promote the success of different organizations.