Why do Businesses Fail?

in #business6 years ago (edited)

Only one-third businesses make it past their tenth anniversary.

This brings about the question- Why do businesses fail?

Would you say the organisation lacks:

  • Documented plans to benchmark, appraise and improve the effectiveness of processes, procedures and work output

  • Framework for measuring performance across the various functional units and departments

  • Structures for regulating and auditing the release of human and material resources

*Workforce awareness and understanding of the business and quality objectives

*Framework for identifying, assessing, and managing risk activities and their outputs

  • Framework for assigning roles and delegating authority

  • Leadership and proper motivation of employees

What do you think?business-man-run-over-graph-arrow-rise-fall-concept-isolated-contains-clipping-path-white-40659459.jpg

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