Date: October 8, 2016 Posted in: Commentary Comments: 0
There are several reasons why a business might fail. One reason is having an idea, but no plan or understanding of the industry. Another reason is hiring the first employee that meets the requirements. It’s better to spend a little time finding the right fit. Additionally, friendship must be used with caution in the office setting. It is also important to have trust in the workplace and to properly handle disagreements. Lastly, emotions, namely guilt, complicate business decisions.
“The whole point of organizational learning is to acquire, categorize and apply the necessary knowledge to support our strategic and operational efforts in all foreseeable scenarios.”