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Why Companies fail

To all those small, medium and large business "drivers" who keep asking me: 'Why businesses fail?'

Its very simple. It is either one or more of the following reasons:
  • No Strategic Plan
  • No Marketing Research
  • Operational Inefficiency
  • Lack of competence
  • Unethical behavior
  • Slow response to changing business environment

1 comment:

  1. Its not this simple. So if you eliminate all of these you will be succesful company. Not quite! How about no money to invest or moving too quickly just to name a few. Your list is very good but you shouldn't have oversimplified a complicated problem to solve.