Culture And Crisis

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

* Design rewards systems to ricochet performance while promoting established goals. We believe firms can stay over from the internecine structural failures of these analyzed companies, and to avoi d future crises, firms should carefully exa! mine these recommendations and adjust their corporate culture and practices accordingly. We avow that there is no one-size-fits-all solution, but by better positioning internal structure, companies will be less likely to declension forgo to the perils which embroiled AIG, Bear Stearns, and General Motors. Introduction: through and through 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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