Employees with any ambition are gone after a couple of years, frequent changes due to a constant shifting of personnel makes it difficult to establish and then perform on goals. Day to day decisions are made by CEO and many are made on his whim, whether or not they are good.
Product is clunky and outdated, not much support from other departments.
Severe nepotism hinders growth in company, and many meetings are pointless making it difficult to establish flow throughout the day.