Is Management the key driver of business success or failure?

11/06/2014 by Michael Jones

Although external factors do play a part in the success or failure of a business research shows that internal factors such as the quality of management is far more important. The report prepared by the Australian Securities and Investments Commission (ASIC) on the reason for company failures has consistently concluded that the major reason for company failures is “poor strategic management “. The second most common reason cited for business failure is a failure to maintain proper books and records. This of course can be seen as one in the same as bad strategic management. . . .

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