Which of the following is NOT a factor contributing to businesses failing?

The statement identifies excessive planning as a factor that does not contribute to businesses failing. In the context of business operations, planning is essential for success. It allows organizations to outline their goals, strategies, and objectives, providing a framework for decision-making and resource allocation.

While it's important to note that planning must be balanced with flexibility and responsiveness to changes in the market, having a thorough planning process itself is not a reason for failure. In fact, excessive planning can often lead to detailed preparedness, which can mitigate risks and help in navigating uncertainties.

On the other hand, poor financial management, failure to adapt to technological changes, and lack of proper management are widely recognized as critical factors that can lead to a business's downfall. These issues can directly impact a company's ability to remain viable and competitive in a fast-paced business environment. Therefore, excessive planning stands out as an approach that can lead to thorough readiness rather than an actual cause of business failure.