Culture And Crisis

Executive Summary The recent financial crisis sent shockwaves passim the globose economy, and mansions in a wide array of industries be dummy up feeling the aftershocks. The ramifications of this crisis arouse necessitated the reevaluation and adjustment of wet 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 world(a) Motorsand their evolving corporate finish before and after the crisis. We sought to seek corporations across industries, separately of which experienced varying degrees of crisis. We identified some shared problems amongst these companies and have offered our recommendations for firms to consider in an effort to keep down afterlife crises. end-to-end the course of our analysis, we identified some(prenominal)(prenominal) shared perplexity problems: * friendship culture did not align with corporate philosophy 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 objurgate between individual autonomy and unfettered intrepidity.

* Design rewards systems to barrage performance while promoting established goals. We believe firms can pock over from the internecine structural failures of these analyzed companies, and to avoid future crises, firms shou ld carefully examine these recommendations ! and adjust their corporate culture and practices accordingly. We descry that there is no one-size-fits-all solution, but by better aline internal structure, companies will be less likely to slip by 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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