The cost of denial

How often do we see that by ignoring obvious problems the Management and Shareholders of troubled organisations subsequently end up asking “why did that go wrong?”
It is simple, a large number of companies fail to address problem issues early enough to avoid an oncoming crisis.
The signs of a troubled business are all too apparent – these include lack of controls, lack of strategic vision, a demotivated workforce and obsolete or valueless stocks etc
Instead of grasping these nettles, often the preferred option is to engage in a totally pointless exercise such as a rebranding exercise or the launch of another product range destined to fail for the above reasons.
The operating style of such companies can be likened to the exercise of rearranging deckchairs on the “Titanic”