Managerial Hand Book - Essien, Wilson I. B.
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Good management does not mean making the most profits and being at odds with the regulators, employees, and anybody else; good management is a total package, even if that cuts into the profit margin. A total-package management style ensures limited but long-term profitability. A total-package management style includes employee participation in the decision-making process, being in good standing with the regulators, knowing the target market, etc. Those are parts of the company's bottom line. In short, a total-package management style includes management within the law, keeping employees happy, and customers loyal and satisfied.…mehr

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Good management does not mean making the most profits and being at odds with the regulators, employees, and anybody else; good management is a total package, even if that cuts into the profit margin. A total-package management style ensures limited but long-term profitability. A total-package management style includes employee participation in the decision-making process, being in good standing with the regulators, knowing the target market, etc. Those are parts of the company's bottom line. In short, a total-package management style includes management within the law, keeping employees happy, and customers loyal and satisfied.