Tyrannical old school CEO has created a culture of fear and has a senior leadership team that lack management skills. People are afraid to speak up or either don’t know or don’t want to know there are problems. Lots of meetings and lack of operational expertise means problems don’t get solved or take a long time to solve. Company has little technical expertise, except for IT team. Little investment in R&D. Talented people leaving. Combine all of the above and you get a company losing steam.