There are companies and even banks that turned bankrupt but are the managers to blame for the fate of their companies or banks? For a bank, it is the bank manager to see to it that borrowers pay their loans on time, and for the companies, the managers are also responsible to make a follow-up of the standing of their business to avoid a downfall that may affect all employees. Inventory is a necessity and weekly meetings too to know the pros and cons of a particular issue that may lead to a company's downfall.
Are managers to blame for a business's downfall?
- Thread starter Starmix
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Although Managers play vital role in success and downfall of any company but we can't say that totally they would get the blame for downfall of company because each and every staff and executives also plays very important role in company's performance so analyses will prove it better that why company faced the downfall.
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- #4
Yes not all the time it might be negligence from the employees especially the department heads.
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@SHAHID987 , yes not to put all blame to the manager, the employees also have participation.
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Most of the time, the management team should take the blame because they are not running the business properly. However, there are cases beyond their control such as a serious theft committed by an employee, or the economic situation is getting very bad which makes it hard for the company to survive..
Based on their position as manager, it is very easy to blame the manager for the downfall of the business, but truth be told the manager alone cannot run the business, its actually a joint effort, so if the business falls its everyone's fault.
Theft leads to prison because it is crime. Not working seriously leads to fire from work. Reduce in production due to being tired leads to compulsory break for tired employees. It differs.
It is important to give solutions instead of blaming every time.
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- #15
Correct it hurts their feeling of keep on blaming. They feel offended and bullied.
They even think about end work contract of work and search for work elsewhere even with less salary but staff respect them. You will lose good team members.
It is not wise to say you are responsible and just blame, you have to prepare scenario for each case.
Managers play an important role in a company, they should be aware of everything that happens but in a downfall we can not blame only the manager because everyone is involved.
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- #20
That's so right, it's better to refrain an act that may damage good relationship.
