Liverpool owner John W Henry says they feel more equipped to handling the club's expectations.
They inherited Roy Hodgson from the previous regime but dispensed with him within three months and brought in Dalglish initially to stabilise the club and then ended up giving him a three-year contract of which he lasted 12 months.
Henry admits they have had to get up to speed with their first foray into football.
"We know more now than we did when we bought the club," Henry told the Liverpool Echo.
"We didn't know a lot at the start. We have had something like 20 months to study and learn and this is really the direction we want to go in. We are working on a long-term programme and we are fully committed to this programme. It will be the kind of football we want to play.
"Brendan has a very structured approach and he plays the kind of football that we think Liverpool fans will love to see. You can see why he was appointed. He's an inspirational figure.
"He's very charismatic, he's smart, he knows what he wants to accomplish and he's determined to accomplish it.
"Everything I have heard so far in the way of feedback about him has been very positive."
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