It most certainly can! Managerial experience is essential when running a business. Maybe I should clarify;

You have most likely heard of the adage : "would you like to speak to the boss, or the person running the place?" There are those managers in management positions that drive the business and the direction it should take, and those that manage or run the business. Those "boss" managers tend to be visionary and some times downright unpractical in their thinking. They are however essential to the business as they bring give the company direction and growth and expansion plans. You need these managers to drive aspects of your business such as sales and to come up with innovative ideas. They will sell the idea or product off a blueprint, and make no mistake they will close the deal with ease.

It is the other side of the coin where you need to have an experienced manager. The managers running the business needs to be a practical thinker. They need to make sure that the ideas, or direction given is executed practically. They also tend to be somewhat conservative, and will normally be seen as the balance of power needed in management. Usually they fulfill the role of Corporate Governance, Finance or sometimes Operations. You most definitely need these managers to curb overspending by the "boss".

Experience is essential. We have seen many entrants in the market, eager after completing their degree. They have wonderful ideas, and want to implement everything they have read in books. This eagerness often overshadows the elder person in a position much lower, shaking their head. Experience will teach you that even as a young graduate, middle manager, or even more senior, you will need to listen to that practical application of what is required by the visionary in your company.

Without experience you will easily bankrupt the company, and without vision you will not grow your business.