I will say that we’ve had enough of businesses of all sorts, hospitals, schools, religious institutions, ministries, industries, agencies, banks and the likes.
But our greatest challenge and were we get it wrong almost all the time is management. Lately, the thirst for entrepreneurship has multiplied drastically but little attention is given to the management aspect of that career path.
What today’s entrepreneurship career curve have fail to take into consideration is that good management will key and will always positively shape the future of today’s society by:
Management makes room for continuity
Over 40% (if not more) of businesses and institutions die and are forgotten as soon as the owner breaths his last; why because the owner is the entrepreneur and the manager at the same time. Even when the management factor is considered, the office is poor and sometimes exercises minimal managerial authority that it should. For this reason, no one knows exactly what to do after the owner is no more; so everyone gets their own piece of the pie and dismiss.
But if the business owner or institution, as the case may be, had separated himself from the business, clearly defining the management and the ownership, the business will stand and grow even when he is no more. At least, the business will be in good hands, continuing in its services and programmes.
Management is key to sustainability
Sustainability entails meeting the need of the present without compromising its availability in the future; good management will ensure that, bad management cannot. Deploying the intervention of professional management into any establishment ensure that the interest of the business and that of their publics plus the society at large is protected now and for the future. Not everyone can handle this balance act; only good managers can.
Management is a very important career path that has a great influence on the society both today and in the future; it must be threaded with caution for maximum result.