Customers, employees and partners are highly interdependent team members of the business ecosystem and each must be successful for the whole to succeed. Winning at the expense of the customer is a surefire recipe for failure. There is no magic formula on how a business becomes and remains profitable. Good business, technology and market planning with milestones, benchmarks, strong financial controls and execution are key. Communicating and sticking to one's vision and corporate philosophy, if it is sound, is vital.
Dramatic cost cutting measures are reactions to poor business management and are often too late.
Corporate merger, without a sound business and integration plan may only delay failure. Failure, like success can become systemic and after a while it is hard to distinguish cause from effect. The success of any business is built on one right decision after another- yet, the personal and professional integrity at all levels to admit failure and correct mistakes is crucial. The T Sector San Diego technology news. The best example of this is in recent years is Microsoft.