There are a number of reasons why a business fails. Below are what I consider to be the Top Five.
- Ignoring Your Current Customers. I was once with a large company that continually spent their energy and time on internal issues and the politics that accompany the in house fighting.
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In 2009 Ram Charan wrote a book entitled, Leadership In The Era Of Economic Uncertainty. Charan wrote this book right after the financial crisis had begun in 2008 as a guide on providing advice on managing during an economic downturn. While the points of emphasis Charan explained were particularly applicable in a financial crisis, I believe that certain lessons Charan taught are needed at all times in all situations by every company, good times and bad. … Read more >