What’s Good Business Management?

                

Good business management is hard to evaluate. It’s not as easy as evaluating an athlete who wins or loses events, or has measurable statistics.

                   

The sports media make lots of senseless noise, comparable to locker room or bar room chatter. While business sales can be measured, as well as profit and loss, it’s not that simple to evaluate executives who may not be solely responsible for the bottom line.

                   

A good executive may still lose money for his or her company. But less than a poor manager or executive would lose under similar conditions. More complex yardsticks must be employed, depending on the type of business.

                   

Moreover, what incentives do managers give to get results? What is good pay? Or options? Do more and more money inducements really make a difference?

                   

The definition of a good manager is difficult when the evaluation is equally hard to make. On-the-job experience may accomplish it, not text book explanations and suggestions.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)