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Business strategy
Causes of failure in business
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[QUOTE="Ramolak19, post: 237201, member: 72962"] Failure in a business can cause with different factors such as [B]New market survey [/B]a business man must be able to research or investigate the customers wants before production [B]Bad Location[/B]: wrong location would also play role, when a customers are finding difficult to locate the company [B]Lack of self confidence[/B]: that is when there is no self-esteem with business owner to tackle any challenges that is facing his business. you might failed but you're not a failure until when you stop trying. [B]Selection of incorrect materials: [/B]can cause failure to the business when a company are using buying quantities products for manufacture. [B]Incorrect processing or manufacturing [/B]putting a wrong staff or worker which could not able to strategize to improve the particular products [B]Government policy is another issue [/B]for instance an importer of a particular products would surely fail immediately a government address to stop the importation of that products, may be government wanted to be producing it a local level maybe because of economy situation. [/QUOTE]
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