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Why Companies Fail
And the Information Imperatives to Help Ensure Survivability
A Kalido White Paper by Kent State University Goodyear Executive Professor Gregory P. Hackett and
Kalido Product Marketing Director John Evans
www.kalido.com
Abstract
Companies are failing at an unprecedented rate. According to recent research, detailed in this paper and analyzing the performance of the 1,000 largest U.S. companies over the past 40 years, about 80 percent of companies presently are stagnating or are in decline. Only 21 percent are growing. Further, companies are failing at a rate three times faster than 30 years ago.
Very often, companies stagnate, decline or die because they minimize or miss profound changes. In addition, corporate success breeds risk aversion over time, as organizations seek to preserve and protect the status quo. Other reasons for the unprecedented corporate failure are resistance to innovative thinking and steadfast reliance on processes unable to keep pace with the fluidity so pervasive and undeniable today.
Companies that survive and prosper must transform their leadership cultures to tolerate more risk; set up an early warning system to surface threatening trends; and make their planning and decision-making processes more speedy and adaptive.
Relevant, accurate and timely information is imperative. Regrettably, this is not the current state of affairs in most organizations. Companies lack master data management, as well as the means to perform advanced business analysis of the information lodged in their data warehouses and to update these structures with market changes.
Kalido Active Information Management software can help companies accommodate the kinds of information required to stave off failure. Kalido’s unique business-model-driven technology enables companies to make decisions based on accurate, accessible and consistent information, delivered in real time, thereby driving profitability and dramatically improving corporate performance.
Download Complete White Paper
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