All too
often in the course of commercial post mortems, the Management and Shareholders
of troubled organisations end up asking “how did that go wrong?”
It is an
incontrovertible fact that many companies fail to address problem issues early
enough to avoid an oncoming crisis. When in reality the causes of the problems
were all too readily visible.
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 variety of
exercises ranging from ill judged acquisitions (think RBS/ABN), totally
pointless projects such as rebranding or the launch of another product range
destined to fail for the above reasons.
Inevitably
the harsh realities come into play but for many companies it is at that stage
too late in the day.
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