What strengths do management bring to the business?Management .who are they? How do they help the business?

Managers in a business have the responsibility for the
overall performance of the business. To meet this responsibility, managers set
objectives of the firm, determine its strategy, arranges for the resources required in
line with the strategy, and plan and direct the activities of the business for effective
utilization in meeting objectives of the business. In this way management plays a very
important role in performance and success of the
business.

Without managers to plan, organize, lead and
control the activities of the business the organizational resources will not be directed
that well toward business objectives, leading to inefficiencies and waste. In such
conditions the business will not be able to meet the competitive challenges and will be
forced to close down sooner of later.