As a business consultant, you have been requested to identify the main reasons that can result to organisational failure and on how these can be overcome.

Below are some reasons why organisations fail

Emphasing on short term financial gains at the expense of research and development.

Failing to capitalise on the strengths and opportunities.

Failing to identify competitive threats.

Neglecting operations strategy.

Placing too much emphasis on product and service design and not enough on process design and improvement.

Overlooking investments in capital and human resources.

Not establishing good communication structures within the organisation.

Failing to understand customer wants and needs.