Culture And Crisis

Executive Summary The recent financial crisis sent shockwaves throughout the globose economy, and slosheds in a wide array of industries are dummy up feeling the aftershocks. The ramifications of this crisis arouse necessitated the reevaluation and adjustment of sign of the zodiac 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 general Motorsand their evolving corporate finish before and after the crisis. We sought to come across corporations across industries, separately of which experienced varying degrees of crisis. We identified many a(prenominal) shared problems amongst these companies and have offered our recommendations for firms to consider in an effort to countermand prox crises. end-to-end the course of our analysis, we identified several(prenominal)(prenominal) shared focal point 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 make between individual autonomy and unfettered intrepidity. * Design rewards systems to squinch performance while promoting established goals. We believe firms can guarantee over from the internecine structural failures of these analyzed companies, and to avoid future crises, firms should carefully examine these recommendations and adjust their corporate culture and practices accordingly. We manage that there is no one-size-fits-all solution, but by better align internal structure, companies will be less likely to fare forgo to the perils which embroiled AIG, Bear Stearns, and General Motors. Introduction: through our analysis, we put up that in Bea! r 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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