Why businesses fail
Overview
It has been widely recognised that business growth and survival depend on both internal and external factors. While most of the challenges which businesses face may be foreseeable, some are completely unpredictable.
- Lack of purpose and weak value proposition.
- Weak corporate governance practices.
- Working capital challenges /overtrading .
- Poor crisis management.
- Ineffective marketing strategy.
- Economic challenges.
- Government intervention and regulation.
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