Fortune magazine last month wrote a piece on Why Companies Fail.
Their list of reasons are:
1. Softened by Success
2. See No Evil
3. Fearing the Boss more than the Competition
4. Overdosing on Risk
5. Acquisition Lust
6. Listening to Wall Street more than to Employees
7. Strategy du Jour
8. A Dangerous Corporate Culture
9. The New-Economy Death Spiral
10. A Dysfunctional Board
It’s a good post-mortem document of all the companies that have been failing as of late.