When tricky business situations occur you’d better hope that you have solid management in place. Cannings Purple’s Investor Insight team explain.
Sometimes in business, as in life, crap happens. Sometimes it’s a slow burn of bad decisions or economic conditions that continue to deteriorate. Sometimes it comes completely out of left field and leaves everyone scrambling to work out what to do.
When situations like this occur, you’d better hope that you have solid management in place and that they can think on their feet. A bad or rash decision (or lack of a decision) could be disastrous for your company.