|
A CEO once told me proudly, “We are focused on growth, not on doom and gloom.” That company collapsed 18 months later after a vendor fraud wiped out 40 percent of their working capital. He had confused optimism with strategy.
Risk does not wait for a board resolution. It compounds in silence. When I was called in to help a logistics firm bleeding cash, they kept blaming “market volatility.”
However, the real cause was buried in a contract signed five years earlier, which contained a vague clause on fuel price adjustment—one loophole. Hundreds of millions lost. Not theft. Not sabotage. Just risks they never saw coming.
I see this com. Read more >> |