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1) What are the factors that contribute to failures in business?
2) What can be learnt from failures in business?
3) How to avoid failures in business?

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Two reasons companies fail -- and how to avoid them | Knut Haanaes

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Is it possible to run a company and reinvent it at the same time? For business strategist Knut Haanaes, the ability to innovate after becoming successful is the mark of a great organization. He shares insights on how to strike a balance between perfecting what we already know and exploring totally new ideas - and lays out how to avoid two major strategy traps.

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1) What are the factors that contribute to failures in business?
2) What can be learnt from failures in business?
3) Out of top six factors contributing to business failures which three are the most dramatic?
4) How to avoid failures in business?

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lose sight of
choose the best approach
lose sight of a situation
lose sight of someone

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pitfall

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failure / fail to plan
failure / fail to organise
demand immediate solution
problem leading to a crisis

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show resistance to change
explore new opportunities
stagnant organisation
pose a threat to

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improve organisations
find solutions to problems
easily recognisable problems
deeply rooted problems
interrelated problems
do a good job
take your eye off something
troubles that lie ahead

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learn from success
business failures
prevent failures from repeating
factors that  contribute to business failures
what causes failures in business
go bankrupt
learn from failure

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make bad decisions
poor decision making
organisation performance
affect company performance

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arrange flow of information
be a lifeblood in an organisation
breakdowns in interactions among colleagues
goal-setting
be unwilling / reluctant to do sth
take risks
problem-solving