Analytic Book Review: How the Mighty Fall and Why Some Companies Never Give in Abstract

The objective of this case is to understand the importance of crisis management. This case is intended to make the reader consider not only financial implications at the time of the event but the effects on the long term strategies of the organization. Also, the case urges participants to think about the consequences not only on the customer but on those within the organization as well.

This source cites may studies stating the monetary incentive have a negative impact on the stated goal. Kohn states that the best that can be expected is a temporary compliance to the desired outcome. Once the incentives were taken away the behavior returned to normal.

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Leaders fail often. The challenges of leadership are often complex and extremely demanding, which often leads to leadership failure. For most failure leads to a dead end while for others growth is achieved from failures. From former president John F. Kennedy’s moral lapse to the defeats of Apple founder Steve Jobs, the road to leadership can be devastating. Being a leader is fluid, and involves many unforeseen factors and traits.

Any enterpise needs to seek out ways to stop solitary dicision making in its leadership. It is obvious that consulting is a great way to stop wrong decision but, in many cases the matter might not be about right and wrong. It might be between better and best. Although a leader may do relatively well but, the decision might not be good enough. This force any enterprise to look for ways to make these people able to take out the job. On the simplest way it is revitalization through new leadership. However, dispite the effectiveness of this approach at first glance it has lots of drawbacks.

The probability to ignore failure can allow it to reoccur (smaller failure growing into bigger failure). Lack of understanding and resolving a small problem can lead to bigger losses in a timely manner; an example was Jill Barad, who presented refused to acknowledge a problem before the company was acquired. It was discovered that a loss of $105 million, rather than a profit of $50 million was recorded by the company, furthermore, another loss of $184 million was recorded for the preceding quarter but still she refused to take action, she continued to commit the same error for the subsequent two quarters. Another example is the Australian HIH insurance group, the company was the largest corporate failure in Australia. It was observed that the little small signs surfaced but the management decided to ignore them and conceal them from the board of directors, likewise the board of directors too did not see the warning signs and if they did, why did they refuse to remain flaccid [2].

Over the course of an organizations life span, they will face issues with their environments which can threaten the business unit, damage financial performance or destroy the public’s trust in an organization (Seeger, Sellnow, & Ulmer, 1998). These issues or what can be called a crisis, can occur for many reasons and can be the result of unpredictable events or unforeseeable consequences. Any organization can be faced with a crisis which is considered any substantial disruption in operations that physically affect an organization, its basic assumptions, or its core activities (Parnell, 2014). Firms and their leadership must be able to formulate strategies which help their organization deal with any sudden or negative events which could potentially

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The main problems of the organization were that the company set strategies to achieve objectives that weren’t focused in the core business and set without considering how many resources and skills does the company would need to reach them, focusing their efforts in processes or products that didn’t add value to the company and decreasing the profits of the

When we analyze the success of large corporations like Ford, General Electric and International Business Machines, it is evident that they had series of leaders who were visionary and believed in empowerment of people. When we analyze tough phases of a company or companies that had a fall and ultimate demise, we clearly see a linkage between failure of company and absence of effective leadership (Canwell, Dongrie, Neveras, & Stockton, 2014). The successful organization had leaders who made right decisions at right time and implemented them strategically. The implementation part needs excellent human resources and the ability to lead to them to get the task done. While different situations may need different style of leadership, the sophisticated manpower fueled by technological advancements and globalization have made some leadership styles less effective and some leadership styles to be highly effective (Feser, Mayol, & Srinivasan, 2014). This paper will discuss a tough situation faced in one of my former organization. The organization needed a different leadership style to tide over the falling sales and attrition. Three different leadership styles, their pros and cons, and the likely success in solving the problem will be discussed in this paper.

Throughout history there have been many successful companies as well as companies that have been a debacle. The success of the company has to do with the management and how it executes its strategy. If the management is ineffective, the company will most likely fail; however, if the company has good management it is more likely to prosper. There are many responsibilities that a manager must complete, chief among them are the four functions of management are planning, organizing, leading, and controlling (PowerPoint). In order for the company to be successful the management must fulfill all four functions. In some case not all four functions are met to expectation, with the results that the company to be not as successful as it could be if they

The analysis carried out in this work is grounded on the basis of interviews and relevant analysis of the findings from a comprehensive perspective. The topics selected are important since they encompass a wide array of factors that can critical affect a company’s performance, and their management, according to the Body of Literature, is very much needed.

In business, companies normally experience internal and external pressures that may keep them from making various goals. For instance, a company may fail to repay its loans on time, or fail to pay its workers as required. It is also common for companies to make late deliveries of products to the

There were several causes for the Enron collapse as we mentioned earlier in the paper. If the organization had a clear-thought out plan, then the company could have managed to save itself from bankruptcy and damaging lives. After reviewing the aftermath of this crisis from several articles it is evident that Enron handle this poorly from start to finish. In this section, we will be focusing on two crisis communication theories as they related to the event. It is actually difficult to properly gauge the theories, as Enron did not recover for their scandal. The two most evident theories that we were able to conclude was the Organizational Renewal Theory and Situational Crisis Communication Theory.

In today’s world, different types of business have emerged and business operations have become the cornerstone of making a success, however the way in which they are operated is what is important. Most businesses hunt the main objective of making a profit without considering how that might affect other factors of society and that is what in most cases diminishes the longevity of the organisation.