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The Success And Success Of Thomas Farrow's Success

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Thomas Farrow was a very smart man who had a great idea and followed through with it. He decided to start a bank and run things in his own way without much oversight from other banking professionals. His stubbornness and greed got in the way of what could have been a very successful venture. He would not be the first person to make a mistake while taking on a new venture. Mr. Farrow let early success cloud his vision of a long and success bank by not listening to those who knew better. He knew that he was providing services that were not available at other banks so he set out to capitalize on those endeavors. Mr. Farrow only saw money, and this is clearly why he failed where other banks succeeded. By ignoring simply and well established banking practices, Mr. Farrow set his bank up for failure. Thomas allowed his hubris to cloud his judgment and in the end he would listen to no one.
Mr. Farrow had competitors that kept an eye on his success and wanted some of the same. Businesses …show more content…

Farrow established a culture in which fostered ethical decision making, his bank could have succeeded and even surpassed the others. Managerial hubris still happens to today, for example with LaVar Ball, and his Big Baller Brand. Like Mr. Farrow, Mr. Ball would not take the advice from huge brands like Nike, Adidas, and Under Armor. All of these companies possess strong sales, ethical environment, and a huge customer base. Mr. Ball decided to go his own route which has not completely started well. The Better Business Bureau has given an "F" rating to Big Baller Brand, the athletic apparel company founded by the brash LaVar on the prominence of his sons (Chinchilla, 2018). In this case Mr. Ball is exhibiting the same type of behavior that Mr. Farrow did decades ago. Only time will tell if Mr. Ball changes his ways in order to be successful entrepreneur. Farrow however, had none of these principles in mind, he simply wanted to show others that he was capable of being

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