閱讀周記| 17 Reasons why Businesses Fail

Why do leaders fail to know their own business? Why are leaders failing to understand customer needs? Why are leaders unprepared to fight off competition? Why do leaders fail to build an employee team?

I have worked in many multinational companies and experienced their development from start-up to mature and finally declined. Some of them can pick up rapidly to be sustainable businesses but most of them have suffered for a long time. There are many reasons for business failure including unstable organizational structure, poor management, bad culture, lack of product innovation….etc. We need to learn from the failure.

In this book, the author analyzed 17 key reasons for business failure with examples and put them into 17 chapters. The 17 reasons are as follows:

Chapter 1: No open to being wrong

Chapter 2: Failure to know your own business

Chapter 3: Failure to plan for success

Chapter 4: Failure to create a good enough product to succeed

Chapter 5: Failure to see the full picture of a business

Chapter 6: Failure to lead and manage well