The macho mantra “failure is not an option” is widely heard these days. I think a more relevant maxim for these times would be, “Inertia is not an option”.
Very few companies implode like a supernova. The distress signals are visible for some time before the flame out.
When faced with mounting problems it is obvious that the solutions will of necessity be painful. However, radical and decisive surgery is often the only way to ensure a patient’s survival.
Many companies adopt the Mr Micawber attitude that “something will turn up”. In the overwhelming majority of such cases the only people likely to turn up are the administrators/liquidators. Be it merely inertia or fear of addressing the issue the outcome will remain the same.
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