Answer to Question #94401 in Management for Sally

Question #94401
Family and small business management are both sciences and arts. "Managers and administrators who attempt to manage without management science and art must put their trust to God spirit mediums for intervention, luck and intuition or what they did on the past." To what extent is this assertion true to contemporary family and small business managers and administrators?
1
Expert's answer
2019-09-16T05:53:14-0400


Management is a skill which the individuals who are running family and small businesses can learn on the job (Hatten, 2019). As a result of that aspect, it is essential for the administrators of family and small business to review the performance of the enterprises that they run regular in order ascertain the effectiveness of their managerial proficiency (Freeman, 2010). The appraisals should also gear towards facilitating the administrators to troubleshoot for them to understand the challenges the business are facing (Daft, 2014). Consequently, the administrators should conduct further research on possible solutions to the challenge and implement the ones which are most relevant. Spiritualism should be primarily employed when the administrators are examining matters pertaining the morality of the commercial decisions.


References

Daft, R. (2014). Management. Sidney: South Western.

Freeman, R. (2010). Strategic management. Cambridge: Cambridge University Press.

Hatten, T. (2019). Small business management. New York: SAGE Publications Inc.



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