Are organizations destined to fail
Purpose The purpose of this paper is to explore the non financial causes of organizational success or failure, provide a better understanding of the symptoms of financial distress and improve the predictive capacity of financial failure models. Design/methodology/approach The paper utilizes exploratory case studies in investigating the relationship of non financial factors to organizational success or failure across a sample of sector specific Australian firms listed on the Australian Stock Exchange. A two tailed study was designed, in which seven cases from both extremes were chosen from three Australian business sectors: finance, property and manufacturing. Findings Non financial factors associated with the organizations studied impacted their success or failure. These factors included management skill, experience and involvement in organizational strategy, feedback and resultant activity, together with board of director composition. The identification of financial and non financial factors and so.