Analyze the situation below and think of probable reasons for its failure. “The Boston Consulting Group 2020 reports involving 5 companies publicly listed in the Philippines since 2009. The said group claims that today almost one-tenth of all public companies fail each year.”  1. Was it easy/hard to identify the reasons why businesses fail? 2. Do you think manpower failure contributes to company failure? Justify your answer. 3. What kind of manpower is needed to make business more effective? Explain very briefly.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
icon
Concept explainers
Question
100%

This is actually my 7th time asking this question; please help me with this. I'm begging you.

 

Analyze the situation below and think of probable reasons for its failure.

“The Boston Consulting Group 2020 reports involving 5 companies publicly listed in the Philippines since 2009. The said group claims that today almost one-tenth of all public companies fail each year.” 


1. Was it easy/hard to identify the reasons why businesses fail?


2. Do you think manpower failure contributes to company failure? Justify your answer.


3. What kind of manpower is needed to make business more effective?
Explain very briefly.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Funds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON