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Home > Financial Information Sources > Bankruptcy and Business Failure > Corporate Failure by Design: Why Organizations Are Built to Fail

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Corporate Failure by Design: Why Organizations Are Built to Fail

Jonathan I. Klein
Westport, Connecticut: Quorum Books, 2000
328pp, ISBN: 978-1-56720-297-7

Despite all that has been written on the subject of making organizations succeed, the reality is that an overwhelming majority of businesses fail within five years and almost all fail within 10 years. The author suggests that this tendency is inherent in the organization and explains his theory of organizational self-destruction. Besides analyzing the causes and processes of failure, however, he also points out the lessons that can be learned from it.

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