This week we continue our conversation with Deborah Hicks Midanek, founder and managing partner of Solon Group. Solon is a restructuring and turnaround advisory firm. Second of two parts – View part one
TLL: What are the biggest mistakes senior management teams make?
Deborah Midanek: Operating problems are fascinating to resolve, and I would love to say that these are the issues. Truthfully, though, most management teams are competent and the issues that trip them up can seem silly and easy to avoid, unless you are so close to the situation you cannot even see the risk, let alone address it. How many companies have been brought to their knees by operational issues? Some, but most near death is caused by lack of liquidity.