Fortune magazine?
Most companies founder for one simple reason: managerial error.
The key sign – the litmus test – is whether you begin to explain away the brutal facts rather than to confront the brutal facts head on.
Sometimes CEOs don’t get the information they need to make informed decisions. Subordinates are afraid to tell them the truth.
Some companies simply live too close to the edge — loading up too much risk at once.
People are less likely to make optimal decisions after prolonged periods of success.