The Failure of SMEs: Review of Literature and Development in Morocco

Being described as an abnormal event that marks the life cycle of the company, the failure of the companies represents an event where the company endures serious malfunctions that jeopardize the continuity of its operation and its sustainability. In this sense, the purpose of this article is to present a review of theoretical literature resulting from analyses according to legal, economic, financial and strategic approaches, also to present a descriptive analysis of the evolution of the failure of companies in Morocco during the last decade. And those in order to further identify and explain the concept of business failure, raise the nuances between terms that may arise by addressing this topic and identify the main causes (the why) and the process (the how) the failure of Moroccan companies.