The most difficult management task and perhaps the most crucial is the task of managing people. If you get it right your chances of success is doubly assured. You must learn the art of people management to be successful leader. People make the company and not the other way round. Focus on building your people and your company will thrive. When companies fail, it is largely due to low morale, poor discipline, low productivity, lack of innovation, skill drain and mistrust. These are all people issues. So fix your people issues and you would have fixed 70% of the issues.