The key to strong management in a new firm is

Question

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Balance is important in a new firm because each member has strengths and weaknesses. By ensuring that each member has competence in at least one area, the team can complement each other and work towards the success of the firm. Financial competence of the chief executive and a strong marketing manager who understands financial statements are also important, but they alone may not ensure strong management in a new firm. Close friendship among all members of the team may actually be detrimental if it leads to favoritism or lack of objectivity in decision making.

The Key to Strong Management in a New Firm Is