Bankruptcy Lessons To Learn From Detroit’s Challenges
Examining the circumstances that surround the Detroit bankruptcy provides a macro-view of economic decline and recovery. Identifying similarities between the circumstances that led to The Motor City’s economic collapse and a company’s own financial pitfalls, there are specific warning signs that can help businesses either avoid or prepare for an upcoming crisis.
This whitepaper looks at the issues that led to Detroit’s downfall, outlining how businesses can learn from its mistakes and implement strategies that can be applied before, during, and after a business is faced with economic decline.
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