Strategic Planning and Management Consulting, LLC (Spmc, Llc)

why do companies fail? most corporate crises are only recognized once they become obvious in reduced sales figures or the continuous loss of money. there are internal and external reasons for corporate crisis; the internal causes, however, are often not sudden, but build up until they reach a point where they can no longer be ignored. this point often occurs when a company runs out of cash, does not pay its bills on time, and reduces communication with its stakeholders. the turn-around management survey (tms) survey reveals that most crises are caused by the mistakes of top management. the most prominent causes of a crisis are that the management continued with a strategy that was no longer working for the company (54.6%), and that they lost touch with the market and their customers and did want to adapt to changes occurring around them (51.6%). having a clear strategy that is communicated well to all operational areas and uses and builds usps (unique strategic points), is desirable fo