Why Businesses Fail and What Can Be Done About It – Morgen Witzel

Why do businesses fail and what can we do about it?: gresham.ac.uk/lectures-and-events/why-businesses-fail-and-what-can-be-done-about-it

Businesses fail all the time. They either go broke, destroying value and throwing people out of work, or they suffer catastrophic systems failures that cost money and, sometimes, human lives. Why does this happen? Some have argued that the world economic system is at fault, but the real cause might lie with people. Nearly every business failure can be traced back to human failings, weaknesses among leaders and managers.

Key sources of weakness will be identified, and a challenge issued to both the business world and the management education system to do something about them.

The transcript and downloadable versions of the lecture are available from the Gresham College website: gresham.ac.uk/lectures-and-events/why-businesses-fail-and-what-can-be-done-about-it

Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,800 lectures free to access or download from the website.
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