Small businesses have a high failure rate-one high enough to be intimidating to future entrepreneurs. Which of the following items is a contributing factor to this high rate of failure?

Question

Quizplus · Accepted Answer

Lack of strategy and strategic leadership can result in a lack of direction and focus for the business, leading to poor decision-making and missed opportunities. It can also contribute to a lack of adaptability and innovation, which are important for the survival and growth of a small business.

Small Businesses Have a High Failure Rate-One High Enough to Be