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.
He suggests these three functions:
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."