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 to the fore but by then for many
companies it is to late in the day.
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