Why a business fails (and what we can learn from it)

Why does a business that was previously thriving end up failing? What tips a struggling business into insolvency? Find out all that and more in the new episode of Business Studies. Retail boss Ian Shepherd discusses what it was like being chief executive of video game retailer Game when it collapsed into administration and what his experience and the demise of discount chain Wilko tells us about why businesses collapse. A summary of our discussion: “Gradually, then suddenly.” Ian Shepherd now writes the superb Moving Tribes newsletter on business strategy which you can read here

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