Musalem 1
John Ossulivan
Professor. Moriority
MGT 223-01: Theory and Practice
May 6, 2020
The Three Most Important Concepts of Management
In managerial practices, it is important for businesses to have a mission and vision
focused on creating a productive work environment while giving value to consumers. This idea
is demonstrated in Alfred P. Sloan’s, “The Most Important Thing I Ever Learned About
Management.” Through Alfred P. Sloan’s experience serving as the CEO of General Motors, he
implemented a different managerial approach to how a business should be operated. From being
in the shadows of one of history’s most successful auto manufacturers in Ford Motor company,
