Producer & too many others appear to have no idea of the importance of management. They continually attack CEOs & others as being parasites, which just shows how dumb they are.

I have salvaged 2 companies, which were going bankrupt. One was actually trading insolvent, but no one knew, as the records were so poor. It was obvious it was losing money.

The other was losing millions, & heading the same way.

With the last, I ran it for 10 years, with after tax profits into millions, but it was broke & out of business in 2 years after I retired.

The earlier company I got to 1.2 million after tax profit in 2 years, but it only took 3 years to be bankrupt, & broken up, after I left.

It doesn't matter how good workers are, if they are not doing the right work, it is worse than useless. It is only management that can recognise a market, aim at that market, & organize the company so workers can be productive. No amount of skill or effort from staff can make any difference, if it is not directed in the right direction.

Even if workers are brilliant, & capable of running a company, it is only the management at any time that can make the thing work.

Only management can decide what to produce or supply. If they get that wrong, the company will fail.

Please stop this garbage of thinking anything but management can make a company successful, claiming otherwise is merely displaying your ignorance.

Hasbeen – Thankyou for your considered response.

I take your point however I believe you clearly have missed the one I have attempted to make.

Firstly no matter how good the manager a business will not succeed if there are not competent workers responsible for quality products and services produced efficiently. Management does not have to be separate, superior or inferior and in majority successful cases are not.

What I am saying is success is not the preserve of any one input, instead a combination of many facets.

The one thing I do say is nobody including management should be receiving a disproportionate share of the productive wealth as many are. You must agree there are many examples of this in our global society.

This phenomenon is graphically illustrated by wealth distribution and the growing gap between the rich and poor.

I do however take exception to your last sentence. I am happy for you to quote anything I write and critique it, but do not attempt to verbal me then use it to justify your comment.

I have strong but considered views. I am prepared to clarify them or change or modify those views if presented compelling evidence to the contrary

Now you are being silly Producer, most workers are not poor, in fact they are often doing better than their managers.

Back in the 70s & 80s, I had boat crew who worked reasonably long hours, at least 10 hours daily, so only a few less than me. They worked 5 days a week, not the 6 & 1/2 days I worked, but with penalty rates, took home 25% at least more than I did. In many industries it is even more unbalanced today, in favor of workers. This is even more the case if they are good competent workers.

Yes people who have proven they can make a company tens of millions a year are exceedingly well paid, as they most definitely should be. However most management are very poorly rewarded for their effort.

When one person's ability keeps a company successful, & 50 people employed, how much more than the rest would you say he is worth? So what I am saying, success or failure often depends entirely on the special skills of just one or two people, the remaining 50 employees are relatively easily replaced.

If with that person the company prospers, but without them it fails, how much is that person worth? Surely it must be quite a bit more than those who are dispensable, or replaceable.

Very often it is the owner or founder of a business. So many business fade away, when that one critical person retires. These people are worth some multiples of the rest, either as owners or managers. Many of these people have skills they are born with, which most of us could never acquire, even with a lifetime of training.

Not only management makes success, but to be more precise its Hasbeen management that makes success!
"I have salvaged 2 companies" "I ran it for 10 years, with after tax profits into millions," " I got to 1.2 million after tax profit in 2 years"
"It is only (Hasbeen) management that can recognise a market" " it is only (Hasbeen) management at any time that can make the thing work."

TALK ABOUT BEAT YOUR OWN DRUM!

Hasbeen – I tend to agree with Paul1405, your comments are a bit narcissistic.

If a conductor stood on his rostrum waving his baton there would be no music.

If an orchestra played music without a conductor there would be music although it could be managed better thus improving the quality and performance.

What is more important and valuable the conductor or the orchestra?

Producer,
An enterprise has to be a team effort, Woolworths would not make a profit without checkout operators, and the collective and individual efficiency of those operators contributes to the overall bottom line. As do all sections of the workforce within the organsiation. Obviously some team member like the CEO are in a position with greater responsibility and in a higher position of decision making and therefore can have a greater impact individually, than those in a subordinate roll. In the example of Woolworth, the operators are many the CEO is one, collectively the operators are as important as the CEO, but both carrying out rather diverse functions for the business. All the CEO's of Woolworths, one, would make very inefficient checkout operators, and all the checkout operators, many, would make for a very inefficient CEO function. A question, what is most important in a car the motor or the petrol. Both very different commodities, but without either the car does not run, with both the car runs, which one contributes the most to make the car run, therefore which one is the most important? The answer is neither make the car run, both make the car run, therefore logically both are of equal importance in the overall running of the car.