The only way to make a profit is with a strong management team. You can have a great product in a growing industry, be in the perfect location, with a strong economy, and if the company has a weak management team, the company loses money!
Alternatively, the company may have an average product in a poor location, with a declining industry in a bad economy and if the company has a strong management team, the company will be successful!
Strong Management Team – I have been the President / CEO of three different companies during my career. At each company, the only thing that I found to be important was the quality of the management team. When I joined each organization, the first thing that I did was assess the management team. My goal is to determine if each manager was to able to grow with the company. After completing each assessment, I established goals for each manager to accomplish every 90-days.
I did a performance review each quarter of my management team. I wanted to keep each manager on his toes and stay productive. Therefore, stated clearly, the only thing that was important for each turnaround was the quality of the management team. When working on a turnaround, you do not have the time or money to have a weak manager working for the organization.
There is nothing more important in business than a Strong Management Team!
My name is Robert Curry, and I am an Author, Business Coach, Keynote Speaker, and Turnaround Specialist. Over the past 20 years, I have worked with more than 70 companies taking their businesses from Loses to Profits.
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Recently, I published two books about turnarounds: “From Red to Black – A Business Turnaround” and “The Turnaround.” Both books are true stories about turnarounds of real companies that I turned around during my career. In both books, I shared all my Profit Improvement Recommendations (“PIR’s”). PIR’s helped to grow sales, reduce expenses, improve cash flow, and most importantly, strengthen the management teams.
If the information in this article “Strong Management Team!” helps you, your family or a business associate, please email me at firstname.lastname@example.org and share with me the story.
If you would like to purchase either or both books autographed by the author, please click on the following link: Redtoblackbooks.com.