Clearly, to reach the level of success in a business you must consider some various factors to promote the idea of a business. Therefore, you have to obtain competitive advantage against your competitors as a result of increasing the market share of your entity.
Consequently, range of variables may contribute to the success of an entity such as:
- Lack of knowledge the essential in the working environment, in
particular bad behavior or IT control support
- Lack of management by the directors and the governance people
- Non- compliance with laws, regulations and corporate
governance
- Insider trading and other fraudulent actions, including selling
securities, stocks or bonds to increase it's profit illegally.
- Non-maintenance internal control procedures which can lead to
misstatements and misclassifications of the transactions in the
entity. The point of non-internal control in the corporation can
lead to various problems and lead to ineffective management.
To come up with a conclusion, any entity's need to adapt and plan carefully to succeed in today's dynamic environment with full of controls and efficiency during the procedures.