Why Do Companies Fail?

from the execution-execution-execution dept

Fortune (who has a website that never seems to work correctly) has a series of articles on why companies fail. They have a list of 10 different reasons that all come down to poor execution on the part of the company (none of this blaming economic factors crap). As they say it’s often caused by “denial, hubris, ego, wishful thinking, poor communication, lax oversight, greed, deceit, and other Behind the Music plot conventions”. Among the 10 corporate sins are personal favorites like a dangerous corporate culture, fearing the boss more than the competition, and (my absolute favorite) listening to Wall Street more than employees. However, I’d probably change that last one to “listening to Wall Street more than your own customers”. Not to worry, of course, because Fortune has 3 quick fixes if your company is failing. I wonder if next year one of the top 10 corporate sins that caused failures will be “following quick-fix advice from business magazines…”

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Why Do Companies Fail?”

Subscribe: RSS Leave a comment
1 Comment

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...