Investing in management means building communication systems, business processes, feedback, and routines that let you scale the business and team as efficiently as possible.
Sentiment: POSITIVE
People invest in businesses that they believe have the leadership, mission and team to grow and operate profitably.
Management manages by making decisions and by seeing that those decisions are implemented.
Many think of management as cutting deals and laying people off and hiring people and buying and selling companies. That's not management, that's deal making. Management is the opportunity to help people become better people. Practiced that way, it's a magnificent profession.
Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.
Basically, managing is about influencing action. Managing is about helping organizations and units to get things done, which means action. Sometimes, managers manage actions directly. They fight fires. They manage projects. They negotiate contracts.
Management is all about managing in the short term, while developing the plans for the long term.
Business requires understanding financial matters, but management is different from running the financial aspects of the business - it requires understanding complex systems, how they operate, the nature of organisations, what happens when people interact in groups and how to motivate and guide people.
Management is the opportunity to help people become better people. Practiced that way, it's a magnificent profession.
Many think of management as cutting deals and laying people off and hiring people and buying and selling companies. That's not management; that's dealmaking.
Businesses must invest in products and people in order to create new wealth.
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