From the iconic to the irrelevant, history repeatedly shows that the mighty can, and do, fall. Ex-Premier League football clubs Southampton and Charlton now face life in League One. Lewis Hamilton, the reigning Formula One World Champion, has spent a season languishing at the back of the grid. Companies are no different: General Motors’ fall from greatness and Starbucks’ recent troubles have been extensively documented. The mighty do fall — but why?
The list of possible causes of business failure is as long as the list of failed companies. Mismanagement, poor marketing, a poor product, a weak economic environment, or simply bad luck can all lead to even the most successful businesses faltering.
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