The Cause of Business Growth & Failure

There are two schools of thought regarding the failure of business. One says that business doesn't fail it's the leader that fails while the other says it's the business that fails. There are many cases that contribute to the failure of a business that once was successful. Either way the reasons behind a failure of a business are:

Lack of Vision, strategy as well as Business Plan

Ineffective management

Lack of control

High Bureaucracy

Lack of Vision, strategy as well as Business Plan

There is lack of clear defined strategy as to what the organization ought to do which is could ...