Many of the recent cases of corporate collapse might have been avoided had company leaders been in a position to interpret the early signs of collapse. Existing financial models provide some indication of how to avoid failure, but these need to be supplemented by a holistic, strategic management approach. Recent experience in Australia underscores the importance of this integrated approach, and suggests that specific reforms to directorship and auditing practices might militate against failure.
CitationDownload as .RIS
MCB UP Ltd
Copyright © 1991, MCB UP Limited