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There were 346 companies that filed to either liquidate or re-organize through bankruptcy in the first six months of 2024, the highest half-year level since 2010 when 467 filed, according to data ...
The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail, first published in 1997, is the best-known work of the Harvard professor and businessman Clayton Christensen. It expands on the concept of disruptive technologies , a term he coined in a 1995 article "Disruptive Technologies: Catching the Wave". [ 1 ]
Marketing. Marketing myopia is the tendency of businesses to define their market so narrowly as to miss opportunities for growth. It is suggested that businesses will do better in the long-term if they concentrate on improving the utility of a product or good, rather than just trying to sell their products. [1][2][3]
Businesses can fail as a result of wars, recessions, high taxation, high interest rates, excessive regulations, poor management decisions, insufficient marketing, inability to compete with other similar businesses, or a lack of interest from the public in the business's offerings. Some businesses may choose to shut down prior to an expected ...
Opening a small business can be a great way to gain financial freedom, be your own boss and establish generational wealth. But entrepreneurship doesn't come without risk, especially over time....
We’ve seen many automakers fail over the years. With so many companies fighting for a slice of the market in the U.S., it’s only natural that some fall by the wayside, be they upstarts or well ...
In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto efficient, often leading to a net loss of economic value. [1][2][3] The first known use of the term by economists was in 1958, [4] but the concept has been traced back to the Victorian philosopher Henry Sidgwick. [5]
In August 2020, Jeff Bezos became the first known human to amass a personal fortune worth more than $200 billion and he remains the richest person in the world. The common Amazon employee had a ...