JOHN LODDER: Trends in Leadership
‘The End of an era for Croatia, as a much-loved pencil factory closes: Zagreb Pencil Factory TOZ Penkala Bankrupt.’ (By Vedran Pavlic, 18 Aug 2015, Lupiga.com). I read this very sad article and wondered why TOZ Penkala went into bankruptcy. Of course it always has to do with not effective management! Did management miss developments in their markets? Was it bad financial and/or marketing management?
