Corporate failure can be devastating for employees, investors and those who do business with a company, yet we still haven’t really got to grips with why it happens. Every year seems to bring another round of corporate disasters in which outwardly successful businesses with high-profile leaders suddenly collapse. Thirty years of corporate governance reform doesn’t seem to have made a lot of difference or given us much insight into the reasons why organisations fail.
What often looks like a sudden disaster is usually the result of problems building up over years and coming together in a perfect storm. This conference aimed to understand how the various aspects of potential organisational failure compound each other and eventually align to produce a catastrophic business collapse. Drawing on the varying perspectives of an expert panel, this event gave some in depth insights into the reasons that may underpin corporate failure.
These post meeting notes give an outline of the points made by each speaker. They then draw the themes together to give an overview of the discussion and a more developed appreciation of why some organisations fail.
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