Asked by Elorah Stoner on May 08, 2024
Verified
One reason new companies fail is because the wrong processes are set up in the organization.
Wrong Processes
Inefficient or incorrect procedures or methods that hinder achieving objectives or optimal performance.
Organization
An entity, such as a company, non-profit, or club, structured and managed to fulfill a particular purpose or set of objectives.
- Diagnose the reasons behind startup failures and their subsequent outcomes.
Verified Answer
YR
yasmin rivas
May 09, 2024
Final Answer :
True
Explanation :
If the wrong processes are set up in the organization, it can lead to inefficiencies, wasted resources, and ultimately the failure of the company. It is important for new companies to establish effective processes that can adapt to changing business needs.
Learning Objectives
- Diagnose the reasons behind startup failures and their subsequent outcomes.