Imagine facing the following situation as the leader of your enterprise. Owing to years of underfunding and neglect, a physical asset that’s a basic driver of your competitiveness and productivity is deteriorating. By not repairing it, you’ve already experienced significant liability costs due to preventable deaths and critical injuries. Experienced engineers have publicly stated the situation will only worsen absent significant investment. In addition, not repairing the asset will further erode your company’s efficiency and deteriorate its competitive position in an increasingly global market. Furthermore, although cash flow is negative at present and your organization has far more debt than you want, you can borrow at close to zero percent interest rates and creditors deem your company as credit worthy. Additionally, the price of repair has never been lower owing to record excess capacity in the repair industry. If you do not repair…