Managerial Hand Book

Good management does not mean making the most profits and being at odds with the regulators, employees, and anybody else; good management is a total package, even if that cuts into the profit margin. A total-package management style ensures limited but long-term profitability. A total-package management style includes employee participation in the decision-making process, being in good standing with the regulators, knowing the target market, etc. Those are parts of the company's bottom line. In short, a total-package management style includes management within the law, keeping employees happy, and customers loyal and satisfied.