This report investigates the extent to which poor financial management contributes to business failure, using the collapses of Kodak and Jet Airways as case studies. The report begins with an introduction that outlines the context and establishes a thesis statement. It then explores the various reasons for business failures, delves into how to manage operations during a business decline, and identifies the main factors behind declining sales. Challenges faced during the downfall of companies are examined, followed by potential ways to overcome these challenges. The report will use multiple sources, including journal articles and online reports, to support its arguments and analysis. The referencing format for sources is meticulously adhered to throughout the report. The report will also evaluate the relevance and reliability of selected sources and summarize key information from these sources. The analysis will include key conclusions drawn from the reading of the sources and concludes with an overall assessment of the impact of poor financial management on business failure.
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