The role of management in business

[eldavis]

When it comes to running a successful business, the management aspect plays a very important role on how the business would go. There are a lot of businesses today with big potential but ended up failing simply due to bad management. It is important for entrepreneurs to improve more on the management aspect of the business and not just rely on their professional skills alone.

 

[Nite]

Good management is the backbone of any successful business. While possessing professional skills and expertise in a particular field is crucial, it is not sufficient to ensure long-term success. Entrepreneurs must recognize that managing their business requires a distinct set of skills that go beyond their core competencies.

 

[Stardom22]

Management is a very crucial department on the business. lts through that whereby the administration and organizational functions of the business is handled.

 

[King Belieal]

No matter how sound a business idea is, and with adequate funding, if there is no sound management to execute the idea and optimally utilize the funds, the business would still be limited.

 

[Shavkat]

My previous company is a big one in China. Because of poor management, the turnover rate escalated uncontrollably. I had worked with them for almost 10 years, but I endured the poor management just because of money. The sense of loyalty is not there anymore. Now, I am working part-time with them.

 

[Starmix]

he business owner plays vital roles in his business. Everything comes from his head and the workers and buyers just enter to buy. He must manage his business well or else he will suffer bankruptcy.

 

[bestwriter]

There are so many ascpects to business and every aspect needs to be handled for which you need a manager - manufacture, sale, collecting dues .........

 

[nomad]

One of the main reasons why most business fail is because of poor management. Business management is as important as product and marketing

 

[Nite]

Poor decision-making, lack of strategic planning, and ineffective leadership can all contribute to the downfall of a business.

 

[Ratine]

As far as the business is concerned, the management for the business determines the success and failure for it.

 

[Nite]

The decisions made by management impact every aspect of the business, from setting goals and strategies to overseeing operations and managing resources.

 

[Fidelia]

It is management that detect the direction that a business would go. Management also are the ones that would make sure every resolution by the board is applied and followed up to the latest.

 

[Nite]

Management plays an important role in steering the direction of a business and ensuring that decisions made by the board are effectively implemented. Without strong and effective management, even the best strategies and plans can fall short.