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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