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Responsibility for Business Failures

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Agree or Disagree: "I think managers are responsible for the failure of business firms." Please explain with specific examples. Why is the strategic control exercised by a firm's strategic leaders important for long-term competitiveness? How do strategic controls differ from financial controls?

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I agree with the statement that managers are responsible for the failure of business firms, due to the fact that managers make the strategic decisions as to how these firms will operate, which makes the managers responsible for the ...

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This solution describes the responsibility of managers for business failures.

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Examining a Business Failure

Research a failure that occurred at a large organization such as Tyco, Chrysler/Daimler-Benz, Daewoo, WorldCom, or Enron.

1. Describe how specific organizational behavior theories could have predicted or can explain the failure of the company.
2. Compare and contrast the contributions of leadership, management, and organizational structures to the organizational failure.

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