Culture And Crisis

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

* Design rewards systems to rebound performance while promoting established goals. We believe firms can take care over from the internecine structural failures of these analyzed companies, and to avoid future cr ises, firms should carefully examine these ! recommendations and adjust their corporate culture and practices accordingly. We contend that there is no one-size-fits-all solution, but by better aline internal structure, companies will be less likely to go across forgo to the perils which embroiled AIG, Bear Stearns, and General Motors. Introduction: finished 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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