In business it pays to have the right innovations, but even when you have innovations you still need a follow through plan. In management there are things called the 5 M’s. The 5 M’s are money, manpower, minutes, materials, and machinery. Each of these 5 M’s is important to the overall production for innovations.
Time or minutes is the most important of the 5 M’s in management because it offers an appropriate method. The method has to create a product in the allotted time frame in order to earn money. The 5 M’s of management work together to supply the product. From the materials and the machinery used the time allotted for a project will be determined. It is also important to have the right manpower.