1972/07/01 by NH STAIT · 1 citation
Business, Management and Accounting · Social Sciences · Engineering · Mathematics · #Management, Economics, and Public Policy #Leadership, Human Resources, Global Affairs #Boss #Luck #Business #Training (meteorology) #Marketing #Product (mathematics) #Management #Operations management #Economics #Engineering #Mathematics
paper · doi:10.1108/eb003232
openalex publication_date 1972/07/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/05/21
Success in business depends generally on: ★ the commercial or entrepreneurial acumen of the man at the top; ★ a good product that people want; ★ an ability to choose, stretch and develop managers; ★ a knowledge of the management techniques appropriate to the needs of the particular company; and ★ a certain amount of good luck. Relative effectiveness in the first four areas will depend, in the medium and large companies, on a number of people and the size and complexity of the processes. In a smaller business, which i s usually less complex, the effectiveness is usually dependent on one or two people — the boss(es), the managing director(s).