10 Hidden Signs Your Company is Sinking

Catastrophic business failure rarely happens without warning. There are signs of internal issues, months, sometimes years, in advance. The challenges currently faced by the banking industry will hit the retail industry soon.
By: Debra Ellis
 
Sept. 25, 2008 - PRLog -- How to Identify Internal Issues Before They Become a Corporate Crisis

Barnardsville, NC (September 25, 2008) Catastrophic business failure rarely happens without warning. There are signs of internal issues, months, sometimes years, in advance. The recent collapses in the banking industry are no exception. Poor management and lending decisions created a house of cards that toppled with the first wind. Customers, employees, shareholders, and even some of the executives seem surprised by the fall.

Internal corporate issues always have signs. Unfortunately, the early warnings don’t come with flashing lights or bells and whistles calling attention to them. They are hidden in data, gaining power, until it is too late to correct the problems.

The challenges currently faced by the banking industry will hit the retail industry soon. Our transition to a global economy is changing the way we do business. Traditional retail models and rules are losing effectiveness. Failure to adapt to the customer driven marketplace guarantees a crisis for even the best companies.

A few years ago, Debra Ellis, the President of Wilson & Ellis Consulting, wrote an article entitled “10 Signs Your Company is in Trouble.” Over the last few months, it has become the most viewed page on their website. This inspired her to update the information and create a new guide, 10 Hidden Signs Your Company is Sinking.

The guide is now available for free download at www.wilsonellisconsulting.com. It was written for multichannel retail and business-to-business companies, but most of the signs apply to other industries. In addition to the warning signs, it includes tips for identifying and resolving the internal problems.

The 10 Signs:

1.   Customer Attrition Exceeds Acquisition
2.   Your Best Customers are Buying Less
3.   Buyers are Not Completing the Life Cycle
4.   Vital Signs are Erratic
5.   Inventory is Out of Control
6.   Costs are Not Aligned With Sales
7.   Analytics are Trending Down
8.   Innovation is Evasive
9.   Employees are Unhappy
10.   You Have Lost Your Passion

About Wilson & Ellis Consulting: (www.wilsonellisconsulting.com) Wilson & Ellis Consulting is a multichannel management consultancy specializing in transforming information into growth and profitability. In addition to strategic planning and consulting services, they offer hands on workshops and informational guides.

About Debra Ellis: Debra Ellis is a writer, speaker, consultant and the founder of Wilson & Ellis Consulting. She has extensive experience as a multichannel company consultant and executive. She uses her experience and expertise to teach executives how to integrate departments, motivate employees, maximize return on investment, and successfully grow their business. She recently completed an e-book entitled The New Rules of Multichannel Marketing.

Debra Ellis is available for interview.
A copy 10 Hidden Signs Your Company is Sinking is available upon request.

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Wilson & Ellis Consulting is a multichannel management consultancy specializing in transforming information into growth and profitability. In addition to strategic planning and consulting services, they offer hands on workshops and informational guides.
End
Source:Debra Ellis
Email:Contact Author
Zip:28709
Tags:Company Trouble, Multichannel Marketing, Customer Retention, Bad Economy
Industry:Business, Retail, Marketing
Location:North Carolina - United States
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