I need help with explaining why certain companies failed. See details here...
Explain the value to leaders of being able to do an "autopsy" on an organization that died, such as Arthur Anderson or Enron.
Explain the value to individuals of knowing the factors that cause start-ups to fail, in less than a year after inception.
Please find your solution below.
Running Head: Analyzing why companies failed
Analyzing why companies failed
The role of company leaders in enterprise wide risk oversight and management has become increasingly challenging and significant. The board of directors provides leadership and accountability that determines whether an organization succeeds or fails since they are the one who stand between corporate freedoms and government regulation (Heinemann, 2008). Since the collapse of Enron, special focus has been given on the importance of having an independent body that provides checks and balances on top management of organizations. It is also very important for any company that fails an "autopsy" be conducted determining the cause of the failure. This paper looks at the value to leaders of being able to conduct an "autopsy" on an organization that died and the value to individuals of knowing the factors that cause start-ups to fail, in less than a year after inception.
Value to leaders of conducting an autopsy on an organization that died
Performing an autopsy on a dead organization is very important especially to leaders since it shows the reasons ...
Why companies fail are determined.