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Business strategy
Can a business succeed without management.
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[QUOTE="CALVINDOL, post: 294092, member: 43757"] It is possible for a business to succeed without formal management, but it would likely be a small operation. In larger businesses, management is necessary to coordinate the efforts of employees, set goals and objectives, make decisions, and allocate resources. Without management, there would likely be a lack of direction and organization, which would make it difficult for the business to grow and succeed in the long term. Abusiness without management would likely operate on a small scale, with few employees and limited resources. In this type of business, the owner would typically handle all aspects of the operation, such as sales, marketing, and customer service. They would also be responsible for making all the decisions and would not have a formal structure in place to delegate tasks or responsibilities. However, as the business grows, it becomes more difficult for one person to handle all the responsibilities and make all the decisions. In larger businesses, management is necessary to oversee the different departments and functions, set goals and objectives, allocate resources, and make decisions that will benefit the company as a whole. Without management, there would be a lack of direction and organization, which would make it difficult for the business to grow and succeed in the long term. There would be no clear plan for the future and no one to hold accountable for the company's performance. Additionally, the lack of management would make it harder for employees to understand their roles and responsibilities, which would lead to confusion and inefficiency. In conclusion, while a business can technically survive without management, it will be more difficult for it to grow and succeed in the long-term without formal management structure. [/QUOTE]
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