Mr. Meyercord said his firm lacked the experience to handle death penalty appeals.
The firm currently lacks the capital for underwriting, which carries higher fees, but can distribute and sell bonds underwritten by others.
European firms "lack environmental strategy"
Gelsenwasser blamed the failure on slow procurement and a lack of means, while the Algerian authorities say the firm lacked the required expertise.
If a firm lacks the capacity for continual innovation, it will not sustain its competitive position over time.
A single, large, centrally controlled firm may lack the flexibility to offer such customizations.
The reason given for its automotive failure was that the firm "lacked the 'push' necessary to make it in the highly competitive automobile industry."
Other firms lacked that distribution network, so they had to offer something more concrete.
Two alternative potential contractors fell by the wayside, and it was obvious that the available firms lacked the financial resources to undertake the work.
American firms have the stock-picking brains but lack the capital needed for the systems and the technology to compete and distribute globally.
