Why most businesses fail

Section 4 : Poor management and leadership

57%

Strong leadership and effective management are critical to business success. A lack of managerial experience often leads to business failure due to poor decision-making and ineffective leadership. This can result in a demotivated workforce, poor customer service and an inability to navigate challenges.

Imagine a manufacturing company led by a founder with excellent technical skills but little experience in managing people or operations. The lack of leadership results in disorganised workflows in a field where workflow is everything, high employee turnover and ultimately, business failure. Investing in leadership development and management training can help you build a competent team capable of driving the business forward.

 

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