Failing to Fail Can Be the Worst Scenario

May 20, 2008

The worst companies are the ones that fail to fail: they never do especially well, and they never do badly enough to close or be bought out. Instead they muddle along, fortunes rising and falling, hiring and laying off in waves, providing lackluster returns to their owners/shareholders and poor quality products and services to their customers. They never get their act together, and generate far more human misery than an organization that fails or succeeds outright. Read the rest of this entry »