I went to a meeting with a diverse group of business owners and consultants the other evening. The only thing we all had in common was that we were graduates of the same business school in Scotland. Yet the quest for better business understanding and practice bound us together in common interest.
One of the participants invests in small- to medium-size companies. I asked him what’s most important when he takes a sizeable stake in businesses. His number one criteria is the quality of the management. He’s found through experience that management will decide the fate of capital invested, whether the company will be successful or run into trouble (as many have in this economy).