What A Management Team Does

Last summer I wrote a post called What A CEO Does. It was a popular post and I’ve seen and heard people reference it frequently. In that post I suggested that the three things a CEO needs to do is set and communicate the overall vision, recruit and retain the best talent possible, and make sure the company never runs out of cash.

Matt Blumberg, the CEO of our portfolio company Return Path wrote a post yesterday talking about the three things a management team must do.

He suggests these three functions:

  • Create an environment for success
  • Nip problems in the bud, or prevent them entirely
  • Exploit big opportunities
  • If you want more detail on each of them, go read the post.

    I particularly like #1. The best management teams create cultures that people enjoy working in. And from that comes great things. I see that every day. As Scott Heiferman said recently “teams win.”