Business Basics

The three components of good management!

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What is more important in good management -- education (knowing why), training (knowing how) or experience (knowing when)- a friend asked sometime back.

I would say that it has to be a composite of all three.

Good education is like a strong foundation. It is a resource that you keep dipping into consciously, sub-consciously and unconsciously all through your work life.

Training is like the cement and mortar that fortify the structure of your house (you in this case). You keep adding suitable inputs given the kind of outcome you wish to see.

Finally, experience is the beautiful structure that you have built / acquired through years of slogging and tilling away in the right direction.

And I do agree with the others that for a well rounded management, you need to add understanding, compassion, wisdom, adaptability, humour, MBWA, lead by example, Gestalt and fore and farsightedness.