There are many companies; some go extremely well and others have reached a dead end. But it is not necessarily true that companies that are going well are due to the excellence of all employees, nor can we say the opposite about those that are not going well.
Ultimately, though, those differences are due to the presence of management or, to put it another way, whether or not the top managers have a knack for management. The proof of that is shown in companies that have come back from the brink of bankruptcy to thriving development with the change of a single executive.
A company without management can be described as resembling a person without a head. I believe that companies whose top managers have a knack for management will grow strong and prosperous.
Source : "Keizaidangi (Dialogue on Economy)"