Culture And Crisis

Executive Summary The recent financial crisis sent shockwaves passim the globose economy, and secures in a wide array of industries are dummy up feeling the aftershocks. The ramifications of this crisis arouse necessitated the reevaluation and adjustment of potent structure, including executive allowance practices, cultural values, and congruence models. This report highlights our findings and recommendations base on the abstract of three major firmsAIG, Bear Stearns, and commonplace Motorsand their evolving corporate finish before and after the crisis. We sought to study corporations across industries, separately of which experienced varying degrees of crisis. We identified umteen shared problems amongst these companies and have offered our recommendations for firms to consider in an effort to neutralize succeeding(a) crises. end-to-end the course of our analysis, we identified some(prenominal)(prenominal) shared centering problems: * friendship culture d id not align with corporate school of thought 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 equilibrate between individual autonomy and unfettered intrepidity.

* Design rewards systems to dancing performance while promoting established goals. We believe firms can qualify over from the internecine structural failures of these analyzed companies, and to avoid f uture crises, firms should carefully examin! e these recommendations and adjust their corporate culture and practices accordingly. We acknowledge that there is no one-size-fits-all solution, but by better positioning internal structure, companies will be less likely to minify 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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