A strong management is the backbone of any successful company. This is not to say that employees are not also important, but it is management that ultimately makes the strategic decisions. You can think of management as the captain of a ship. While not physically driving the boat, he or she directs others to look after all the factors that ensure a safe trip.
Ask yourself, what kind of goals has the management set out for the company? And you can understand its future.
The management involves many fields of expertise from strategic decision to resource planning.
Basic functions of management
Management operates through various functions, often classified as planning, organizing, leading/motivating, and controlling.
Planning: Deciding what needs to happen in the future (today, next week, next month, next year, over the next 5 years, etc.) and generating plans for action.
Organizing: (Implementation) making optimum use of the resources required to enable the successful carrying out of plans.
Staffing: Job Analyzing, recruitment, and hiring individuals for appropriate jobs.
Leading: Determining what needs to be done in a situation and getting people to do it.
Controlling, Monitoring: checking progress against plans, which may need modification based on feedback.
Motivating: the process of stimulating an individual to take action that will accomplish a desired goal.