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Operations Due Diligence by James F. Grebey

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SELF-ASSESSMENT AS A MANAGEMENT TOOL

With the economic recession of 2008, the finances of many long-established businesses became stressed, and they were no longer able to operate profitably. In some instances, the government went to their aid with financial support in an attempt to save jobs and rescue the failing economy. Financial help alone though may not have been the answer. The U.S. automobile industry was directly impacted by the downturn when the sudden lack of credit for buyers to purchase automobiles forced the market to shrink rapidly. With fewer cars being sold, buyers became more selective, and some of the automobile manufacturers were no longer able to compete. These businesses may have been destined to fail even without this economic ...

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