It’s said that management involves dealing with complexity, and leadership involves helping others deal with change. Particularly in today’s 24-hour and global markets, in which your customers and your competitors can come from anywhere, the maxim’s truer than ever.
Change or die, and to do this you’re going to need some good direction. Unfortunately, more often than not businesses fail to adapt. Even massive companies from 1985 have gone defunct.
In fact, only 71 companies remain today from the original 1955 Fortune 500 list. Here’s our list of the real ringers, businesses that really, really flopped.