Book Description:
Large businesses grow from small businesses and both are destined to face failure sooner or later. The reasons for failure can include unresolved problems relating to cash flow, excessive borrowings, expanding too fast, evolving changes in technology, changes in market expectations, changes in government policies, productivity, managing employees, growing competition, and governance. Large businesses have survived and grown from small businesses by taking timely remedial steps when faced with failure in the short term and by taking timely preventive steps when anticipating failure in the medium to long term.
This book analyses the recorded experience of 10 different large businesses covering a range of industry sectors in the US, Europe, Japan, India, and Malaysia when they faced a mix of life-threatening problems and how they took timely remedial and preventive action to escape failure. The experience of these large businesses is recast as lessons for small businesses to be guided by, within the limits of their own resources.
About the Author
Umasuthan Kaloo holds degrees in engineering and management from universities in Kuala Lumpur, Berkeley, Cranfield, and Cardiff. From 1963 he has worked in jobbing workshops, taught on Malaysian undergraduate engineering programs, taught on British and Australian graduate management programs, and worked with an international management and technology firm for 12 years. He launched his own management and technology consultancy company in 1990. His company provides performance improvement services to manufacturing and service enterprises.
