BUSINESSES DO NOT FAIL, LEADERSHIP DO.

​I’ll likewise assess the roles and responsibilities of leadership as they pertain to said reasons being leadership failures:

1) Obsolescence: 
If leaders are in touch with the market it will be difficult to be caught by surprise. It is the responsibility of the leaders to make sure that the proper attention is given to innovation, business intelligence and market research to manage the risk of obsolescence and market changes.

2) The Inability to Attract and Retain Talent: 
Great leaders surround themselves with great talent. They understand that talent begets more talent. If your company doesn’t possess the talent it needs to achieve its business objectives no one is to blame but leadership.

3) Toxic Culture: 
The truth is nothing stifles productivity and creates conflict like a toxic culture. That said, a toxic culture simply cannot exist where good leadership is present and engaged.

4) Lack of Execution: 
Everything drills down to execution, and ensuring a certainty of execution is job number one for executive leadership. CEOs or MDs who don’t focus on deploying the necessary talent and resources to ensure that the largest risks are adequately managed, or that the biggest opportunities are exploited have a leadership team destined for failure.
​
5) Lack of Character: 
Doesn’t matter what your title is, if you don’t do the right things for the right reasons you will fail. Leaders who don’t display character won’t attract it or retain it in others. Leaders who fail to demonstrate a constancy of character won’t create trust, won’t engender confidence and won’t create loyalty.