The result of
management and shareholders ignoring obvious problems usually ends up with the
plaintive cry “why did that go wrong?”
The reality 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 usually apparent – these include lack of controls, lack
of strategic vision, a demotivated workforce and obsolete or valueless stocks
etc.
However for a
variety of reasons these problem areas are not tackled.
Instead of grasping
these nettles, often the preferred option is to engage in a totally pointless course
of action such as a rebranding exercise or the launch of another product range
destined to fail for the above reasons.
Problems ignored
rarely go away. Timely intervention can avoid the need to conduct a messy post
mortem
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