Hundred’s of articles have been written regarding why small businesses fail:
- Lack of cash
- Wrong business model
- Lack of talent
- No experience, etc.
Very little is written about why mature, middle-size companies “fail”. In a capitalistic environment and for purposes of this post, my definition of “failure” is when a company can’t seem to find the next growth curve; or is stuck in a mature cycle; or it cannot transform itself due to lack of technological advances; or simply when the owners have become complacent with the current returns.… Read more >