Insolvency is a common phenomenon in the German "Mittelstand". Since
small and medium sized companies account for nearly 95% of all businesses
in Germany, the impact on the economy is massive. Besides the macroeconomic
effects, insolvency entails serious consequences on the individual level.
How can impending crisis and thus insolvency be prevented?
In his book, Bernhard Ollefs picks up this important question and identifies
effective comunication between management and the workforce as a strategic
instrument to prevent crisis and insolvency. By means of effective communication,
managers...