Does a healthy firm (one that is doing well) have to worry about effective management? Explain
Does a healthy firm (one that is doing well) have to worry about effective management? Explain
Yes, because if the business wants to still had best they're going to need effective management.
There are several ways of watching this. It’s possible for a corporation to achieve success thanks to a fad of some sort, a begin or an older company that finds particular product that folks stock mass quantities or are prepared to spend large amounts of cash on, such a lot quite cost of production that the profits just appear and compile and may be invested in stuff that fails without bankrupting the organization… a minimum of for a short time . People usually regard whoever is managing such organizations as geniuses and highly effective… for a short time . As failures compile , which will trigger re-evaluation of these opinions as people expect more and more and aren’t getting it.
Management could also be ‘effective’ within the sense of ready to convince investors to stay giving them money in hopes of greater success or they'll be more broadly effective in actually producing good products, but not be ready to convince banks to lend or investors to shop for shares. So what constitutes ‘effective’ could also be quite different for various situations.
In my view, truly ‘effective’ management engages many staff in creative innovation and continually produces new and better products on a daily basis, thus ensuring that the organization stays alive despite changing customer needs, tastes, etc., and changing supply situations, etc. So company that's healthy, but also wants to remain healthy will certainly want this type of effectiveness in management.
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