Question
You have been asked to consult with a struggling business. To start, you begin reviewing the stages that companies in decline go through before dissolution.
You have been asked to consult with a struggling business. To start, you begin reviewing the stages that companies in decline go through before dissolution. Which of the following is not a stage declining companies go through before dissolution?
Crisis where the company must systemically overhaul or go bankrupt
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Inaction need for change is evident but companies chose not to change
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Blindness companies do not see the change coming
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Faulty action companies attempt to preserve the status quo instead of making meaningful changes
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All of the above (A, B, C, & D) represent stages that declining companies go through before dissolution.
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