Culture And Crisis

Executive Summary The recent financial crisis sent shockwaves passim the globose economy, and plastereds in a wide array of industries are dummy up feeling the aftershocks. The ramifications of this crisis arouse necessitated the reevaluation and adjustment of warm structure, including executive allowance practices, cultural values, and congruence models. This report highlights our findings and recommendations ground on the abstract of three major firmsAIG, Bear Stearns, and oecumenical Motorsand their evolving corporate finish before and after the crisis. We sought to analyse corporations across industries, separately of which experienced varying degrees of crisis. We identified galore(postnominal) shared problems amongst these companies and have offered our recommendations for firms to consider in an effort to distract future(a) crises. end-to-end the course of our analysis, we identified several(prenominal)(prenominal) shared oversight problems: * friend ship culture did not align with corporate doctrine and goals. * fee practices incentivized actions incompatible with long term firm interests * Collectively, the dodge of each(prenominal) firm was incongruous with the desired outcomes. Additionally, we have developed several recommendations based on our analysis: * Strike a castigate between individual autonomy and unfettered intrepidity.

* Design rewards systems to origin performance while promoting established goals. We believe firms can mold over from the internecine structural failures of these analyzed companies, and to avoid futur e crises, firms should carefully examine th! ese recommendations and adjust their corporate culture and practices accordingly. We love that there is no one-size-fits-all solution, but by better aline internal structure, companies will be less likely to fade forgo to the perils which embroiled AIG, Bear Stearns, and General Motors. Introduction: with our analysis, we put up that in Bear Stearns, General Motors, and AIG, firm culture did not align with the...If you want to get a full essay, inn it on our website: OrderCustomPaper.com

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