Warning: 25 Key Factors Leading to the Failure of Company Expansion

Author: Ke Wei
Publisher:
Publish Date: 2005-07-01
Features: All large enterprises have once been small; all small enterprises harbor a dream of soaring to great heights. However, according to surveys, the average lifespan of Chinese conglomerates is about 7-8 years, while that of small and medium-sized enterprises is roughly 3-4 years! The immediate priority for Chinese enterprises is to extend their lifespan—only when they "survive" can they talk about "living better." The prerequisite for sustainable development is existence. In a sense, as latecomers, we are fortunate because there is much experience from predecessors to draw upon and many lessons to learn from. Fools do not learn from lessons; wise people learn from their own mistakes; and the wise learn from others' mistakes. May our enterprises become the wise!