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They include: lack of experience, insufficient capital, poor inventory management, over-investment in fixed assets, poor credit arrangement management and unexpected growth. Businesses can also fail as a result of wars, recessions, high taxation, high interest rates, excessive regulations, poor management decisions, insufficient marketing, inability to compete with other similar businesses, or a lack of interest from the public in the business's offerings.
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Causes of corporate failure?
causes of corporate failure
What are the causes of financial failure in parastatals?
Mismanagement of the parastatals by the top management is one of the causes of financial failure. Corruption and the use of the traditional methods are also the other causes of the financial failure in parastatals.
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In my opinion, the main failure for a business is being of a poor management with less/wrong knowledge or inexperienced manager, who can not manage effectively and does not have on time planning and lack of monitoring and control also lead business to be failed. So business needs a very strong management with responsible and qualified manager and workforce, clear guidelines for each step and all the processes...
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Causes of corporate failure?
causes of corporate failure
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Causes of failure of small scale business organisation in nigeria?
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