Introduction The main purpose of this management plan is to maintain financial stability of the firm. In every organization, there is need to have a clear management plan since it is necessary in providing the guidelines on how to maintain financial stability. This team is financially stable and it therefore needs a clear management plan at this initial stage to enable it to retain the said stability. This plan will enhance the team success by keeping the team’s activities in line with its goals and mission. The plan will guide the actions of the team and this will significantly help (the team) in meeting its goals. Mission Statement This plan will guide and promote team’s success by identifying a guideline on leadership styles, player and business needs, conflict resolution strategy and evaluation plan that is necessary in enhancing the group in meeting its goals and maintaining financial stability. Management Strategy The aim of this management strategy is to enhance the survival of the team. It helps in responding appropriately in different challenges which may arise from different circumstances. Without a good management strategy, a group’s financial well being rarely reflects its potential (Anonymous, 2006, par1). This plan is therefore important for the organization. Management Factors There are several management factors that will be necessary for quality management. As the mission of this team shows, the team aims at maintaining its financial stability as it struggle towards realization of its goals. The following management factors will be necessary to the team in realizing its goals; Top Management Support This is a vital factor in quality management. According to Kanapathy (not dated), the top management has a major role to play in enhancing the team’s commitment towards quality improvement (p. 5). In other words, there is need for the top management to actively participate in every team’s activity. They have the responsibility of encouraging every member in the group to work towards realization of the team’s goals. For instance, if every top manager is practicing activities that promote the team’s goal to maintain its economic stability, then in the process a culture will develop and will help the company in maintaining its economic stability. Employee Training Employee training in every organization has a significant role in improving the productivity of the workers. By training employees, the team will be able retain its financial stability since it will be able to maximize the labor resources. Training also plays a major role in promoting the success of the quality management systems in a firm. Quality Information Availability According to Kanapathy (not dated), a proper flow of information in any organization significantly affects the performance of any organization (p. 2). There is a need for every stakeholder to receive accurate information and in the right time. For instance, every investor must be informed of every team’s activity in the right time so that they may act accordingly. When hiring new players, every investor must be informed before any transaction is done. Each stakeholder must also be given an opportunity to give their views on every issue touching them. Players must also be able to access quality information from the