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Perhaps then our financial managers can be required to manage fiscal expansion rather than allowing it to tide itself unrestrained.
Nonetheless, the concept threatens some old management precepts, one of which is that only managers can be trusted with key information.
Managers can be as thoughtless and selfish as any other human beings, but they can also be as idealistic and as noble.
"Managers can be overrated, especially on the strategy part.
Indeed, one study estimates that up to 67% [pdf] of managers can be expected to fail.
THE self-promotion of some down-on-their-luck managers can be inelegant.
Hedge-fund managers can be adept at exploiting pricing anomalies as well as obscure market niches.
Mr Bewkes believes managers can be just as creative as writers and performers.
There is little evidence that outperforming managers can be identified in advance.
This large reservoir of general managers can be transferred and promoted as new opportunities arise.
This also means that managers can be less specific in their early estimates.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com