The Need for a Fundamental Overhaul of Business in Small and Medium Enterprises
Beginning of yen depreciation inflation and repayment of zero-zero loans,
Many industries, such as confectionery, bakeries, bars, and management
consulting, are experiencing record numbers of bankruptcies.
These industries are highly susceptible to changes in the economic environment
and market trends.
In particular, high prices, labor shortages, and the speed of technological
innovation are major factors in bankruptcies.
However, few managers are so preoccupied with immediate business that they
take drastic measures.
Companies will become increasingly selective.
Companies that want to survive in the future advise to first change the
company to which they sell their products.
By changing the clientele, the products and services handled will change.
The internal structure and necessary equipment will also change.
By forcing your company into a situation where it make change, you will
be able to achieve your own transformation.
But most companies will not be able to do this due to internal resistance.
Companies that want to survive should give it a try.