Steering through startup hurdles: The Role of internal control systems
The narrative of promising startups encountering roadblocks leading to failure or sustainability challenges is becoming increasingly common, raising concerns about the high rate of startup failure. With a critical analysis of recent such incidents, I believe this highlights the crucial necessity for effective management, specifically through the implementation of robust internal control systems. Internal control systems work as a backbone of a business, mitigating risk factors and steering organisations towards long-term success in an ever-changing startup ecosystem. This article serves as my present to the startup ecosystem for the first quarter of the year, aiming to underscore the pivotal role...
