It is surprisingly easy for formerly robust and stable companies to descend into a cycle of instability and crisis – all it takes is a sudden shift in the economy or market combined with leveraged funds and a cash flow problem and any company can find itself in a bad cycle of borrowing and panic decision-making. Denial plays a role in many companies’ eventual failure: Often the clear signs of a crisis were present long before any overt problems become obvious. Much like a family living on credit cards, there is a period where the problem is getting worse but... Read More