Indicators of corporate distress A drop in customers, rise in customer complaints, high staff exits, inability to attract talent, rising debt levels, delays in payment of wages, and steady rise in the cost of capital are some signs of trouble for a business better...
Companies fail when they lose their competitive advantage. You lose your competitive advantage when the product or service you sell is identical or similar to your competitor and more expensive. Other common reasons for loss of competitive advantage are: Your margins...
Transformation projects can be complex and challenging, and many can fail for various reasons. Some of the major reasons for the failure of business transformation projects include the following: Lack of clear goals and objectives: A lack of clear, well-defined goals...
Companies go through cycles of stagnating growth. They realize that business is not looking up despite investing in building a large sales force that repeatedly knocks on customer doors to sell products. Some invest in consultants to help them identify problems,...
