Share
Explore BrainMass

Please give at least three lessons that can be learned

Please give at least three lessons that can be learned from the stock market crash of 2002 in the applied business world?

What was the significance of the stock market crash of 2002 to managerial finance?

Solution Preview

Solution attached.

Please give at least three lessons that can be learned from the stock market crash of 2002 in the applied business world?
1) We should have been more prepared for a wide-scale terrorist attack. Considering how advanced our technology is, we really weren't prepared at all for the disaster that struck the country, starting with the NY attacks. The stock market crash in 2002 was blamed on two major sources - a) the dot.com bubble that burst, and b) the terrorist attacks. Lesson: for a country of our size and technology, we should have much better defenses in place and ready to go, for a wide-scale attack.
2) We needed rules in place like Sarbanes-Oxley before Enron and WorldCom collapsed due to ...

Solution Summary

Please give at least three lessons that can be learned from the stock market crash of 2002 in the applied business world?

What was the significance of the stock market crash of 2002 to managerial finance?

$2.19