Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need a good reply to this post made on my form. The signs a company is in financial trouble definitelfinancialown to several factors: poor

i need a good reply to this post made on my form.

The signs a company is in financial trouble definitelfinancialown to several factors: poor estimation, poor finanical management systems, poor project management skills, improper planning, and imporoper . Poor estimation on jobs can lead to severe costs increases once a job begins. I feel that poor finanical management systems are also a problem in companies with finanicefficients. Imagirepresentativessystem which was not as efficent as the representitives claimed it to be. Then we go to poor project managment skills where inexperience, or poor integrity on job comes back to hunt everybody. Another pertinent issue is improper planning, it causes confusion and low morale. Before I move, it's hard to keep up employee's morale when things are changing all the time because of the uncertainy. Finally, improper communication is a huge isssue; just simply not following set protocols is bound to build a toxic company culture. The problem with improper communication is it's insidious ability to infect a company culture that the company is blind to it. Bascially the pattern is so embedded that it's important to pay attention to what is actually going on.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cash Flows

Authors: Cyril Joseph

1st Edition

B0B84RHX2D, B0CPV8WDGT

More Books

Students also viewed these General Management questions