Causes of Business Failure by Incompetent Managers

Seminar paper from the year 2012 in the subject Business economics - Investment and Finance, grade: A, ( Atlantic International University ) (BUSINESS FINANCE), course: DOCTORATE, language: English, abstract: Business failures have been associated with many factors but the most outstanding ones can be due to incompetency of managers of businesses today. The strive for every business depends on the type of manager and the leadership style as weak managers causes too much losses to businesses, as such managers failure in assessing, Measuring and examining the causes of business failures in their organization and concentrate on self esteem and how to acquire fact bonuses without the organizational objectives. There are various types of managers in an organization such as the Autocrat, the Blame Fixer, Soft Heart, the Control Freak and the Team Builder. Also, Managers whose inability to inject technical know-how into businesses will also lack innovative ideas leading to lack of confidence in their work and that will cost too much to businesses.