Learning from Past Mistakes like Groupthink
People who cannot learn from the past are doomed to repeat it.
This popular adage rings true for your business too. As such, business owners must take deliberate measures to avoid repeating past mistakes to secure success in the future. After due reflection on previous investment blunders, one must review them and come up with a report detailing specific steps of avoiding such oversights in the future. A 2010 study by the Ivey Faculty detailed the leadership mistakes that led to the global financial meltdown of 2008. Here are some of the lessons you can learn from these epic business failures:
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