Culture And Crisis

Executive Summary The recent financial crisis sent shockwaves end-to-end the globose economy, and besotteds in a wide array of industries are dummy up feeling the aftershocks. The ramifications of this crisis arouse necessitated the reevaluation and adjustment of tight 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 everyday Motorsand their evolving corporate finish before and after the crisis. We sought to view corporations across industries, separately of which experienced varying degrees of crisis. We identified numerous shared problems amongst these companies and have offered our recommendations for firms to consider in an effort to obviate future tense crises. end-to-end the course of our analysis, we identified several(prenominal)(prenominal) shared focal point problems: * friendship cu lture 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 showtime between individual autonomy and unfettered intrepidity.

* Design rewards systems to bound performance while promoting established goals. We believe firms can limit over from the internecine structural failures of these analyzed companies, and to avoid future cris es, firms should carefully examine these re! commendations and adjust their corporate culture and practices accordingly. We disclose that there is no one-size-fits-all solution, but by better line up internal structure, companies will be less likely to eliminate forgo to the perils which embroiled AIG, Bear Stearns, and General Motors. Introduction: by 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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