[Management Column Vol. 30] Qualities of Managers Necessary for the Revitalization of Small and Medium Enterprises

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Please use this as hints for management decisions, such as building a management foundation, improving management quality, cash flow management, bank relations, business succession, and restructuring after the appointment of the second or third generation. Also, feel free to contact us with any questions or inquiries when putting this into practice.

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If a company can be revitalized solely by its management and employees, it would be a wonderful thing. So, how can we distinguish between managers who can revitalize the company on their own and those who should seek the help of experts? The key is whether the manager is motivated and can understand the numbers! A company in a tough situation is one that is struggling with cash flow. Even if a manager is motivated, if they cannot understand the numbers, meaning they lack knowledge of finance and accounting, it will be difficult to revitalize their company. However, it is not a problem if the manager has the analytical skills and responsiveness to analyze cash flow statements, financial statements, and trial balances prepared by the accounting staff, rather than learning to create these documents themselves. Additionally, it is dangerous to make management decisions based solely on financial materials prepared by accounting staff or tax accountants. Financial figures are crucial for management decisions, to the extent that it is said, "Conversations should be in numbers!" Please make sure to utilize your company's financial analysis in your management decisions. If you are unsure about the analysis methods, please contact us, and we will provide you with detailed guidance. Next time, I will discuss "Points for Factory Improvement: Enhancing Productivity through 5S and Waste Reduction."