Yank out Covid-19 dilemma: how to yank out under-performing products/ services/ units? A gentle approach spreads the pain, but slow removal just prolongs the agony. Rip off the sticking plaster in one go. Swift, short, sharp shock; then focus on higher-margin &/or better prospect items to ensure survival Guessed the Word? Series 59 (2/4) pic:…
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Insolvent Die hard. From a decade low in 2015, UK insolvencies have shot up 20%. Out of 2018’s 17,439 corporate failures, construction was hit hardest with 3,940 insolvencies, despite the demand for new homes. Then admin/support firms (3,346), retail (2,608) & manufacturing (2,092). Causes include Brexit uncertainty, business rates, pension enrolment & unsecured debt Guessed the…
Audit firms Does it matter if the UK’s Big 4 audit firms become the Big 3? Already many struggle to find one that is un-conflicted & up to the job. Less firms = less choice, less competition, lower quality, higher prices. Like Big Banks, auditors should be made to plot their own death – how…