l<Tab/>Brief statement of understanding of the topic It is a common sense in the business world that business fails at an exceedingly high rate. In discussing this topic, all researches give somewhat the same perspective: in the starting years, most business will fail. According to Frank (1988), over one-half of all business failures occur within the first years of a firm's star-up and approximately one-third of the failure occur within …showed first 75 words of 1425 total…

…showed last 75 words of 1425 total…reasons causing business failure from the other side. Guide to effective management by British Prime Minister's Office of Public Services Reform in 2003 is the fourth article I would like to other readers. The chief reason why I recommend is that I think this article reflect an updated approaches to effective management directly derived from front-line managers. Learning how to manage modern business could give readers some important insights to avoid risk for failure of business.