Bankruptcy
Entrepreneurs are aware that new ventures come with certain risks, whether they are financial, market based, or organizational in nature. Being mindful that your venture can fail is not enough; it is necessary to develop a plan for a possible collapse.
Consider some real-world examples of companies that have gone bankrupt, Lehman brothers, and Delta Airlines. What were the conditions that brought those 2 companies to that point? Are there alternative options to bankruptcy for a failing business, like selling or reorganizing? What financial, organizational, and operational circumstances might allow such alternatives to be considered viable? Explain.
This assignment should be at least 300 words not more not less.
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