# Why Businesses Fail and What Can Be Done About It

- Institution: Gresham College
- Speaker: Morgen Witzel
- Year: 2015
- Level: For everyone
- Language: English
- Subjects: Earth and environment, Economics, Business and management, Philosophy
- Source: [Gresham College](https://www.gresham.ac.uk/watch-now/why-businesses-fail-and-what-can-be-done-about-it)
- Licence: [Educational use (Gresham College's terms)](https://www.gresham.ac.uk/terms-and-conditions)
- Who can watch: Teens profiles and older (sources give no ratings; placed by Invisible Network from the source's own words)

Businesses fail all the time. They either go broke, destroying value and throwing people out of work, or they suffer catastrophic systems failures that cost money and, sometimes, human lives. Why does this happen? Some have argued that the world economic system is at fault, but the real cause might lie with people. Nearly every business failure can be traced back to human failings, weaknesses among leaders and managers. Key sources of weakness will be identified, and a challenge issued to both the business world and the management education system to do something about them.

## Lectures

1. [Why Businesses Fail and What Can Be Done About It](https://invisiblenetwork.ai/learn/gresham/why-businesses-fail-and-what-can-be-done-about-it/897bd98f3411) (YouTube)