What does it involve to have staying power in today's economy - To survive, but to prosper and flourish? It is a question that has grown all the more pressing of late, as we've watched once-mighty companies like Merrill Lynch and AIG falter and crumble. While examining derivatives structures and lending provisions, banking regulations can provide insight into the specifics of the crash, focusing our focus on the intricacies of the sub-prime mortgage marketplace and asset-backed securities obscures the actual lesson, says the author.
He argues that our own management theories are the prime culprit - a triumvirate of well-intentioned theories that are taught in every business school and entrenched in every major publicly-traded firm. Meant to ensure longevity and profitability, they have rather resulted in the reverse - transience - and contributed mightily to both the technology crash of 2001-02 and the financial services crash of 2008.
Undermining Staying Power The Role of Unhelpful Management Theories Case Study Solution
PUBLICATION DATE: April 01, 2009 PRODUCT #: ROT077-PDF-ENG
This is just an excerpt. This case is about STRATEGY about STRATEGY & EXECUTION
