With the current downturn in the economy, many companies are starting to feel a little less secure about their market positioning than they were a year ago. And understandably so — extra cash is becoming tough to come by in almost any company.
We’ve seen banks fail outright, and we’ve seen many companies trying desperately to cut costs; and, in more than one place, I’ve heard the same discussion — can knowledge management save a failing company? Well, the short answer seems to be ‘no’, and the long answer is a decisive, yes, you guessed it, ‘maybe’.
Let me first say that (while I’m not any kind of expert in failing companies or in turning said companies around), that there can be any number of reasons why a company fails. If we’re talking about a start-up, the ‘maybe it was just a bad idea’ reason seems to often be an obvious culprit.
