Sony - or a giant stumbles

Sony, the juggernaut from Japan, is just another gian that keeps stumbling, showing that endless profits and constant growth is not always achievable.

It now indicates that it needs another year of restructuring, before it gets on top of things again The company intends to spend US$3.2 billion over three years to reduce personnel and pull out of unprofitable operations.

Hm - isn't this always the beginning of a decline? Major restructuring, losses, and layoffs? At least the company is not blaming external situations only (or did they), as other companies like to do to cover up internal mistakes. Have you checked your business environment recently?

(By Asia Business Consulting)