Massive Strategic Failures in the Financial Services Industry
Strategic management theory concentrates mostly on business success. However, much can be learned from studying business failure as well. During the Great Recession, an unusually large number of major financial institutions failed. Many books and government reports document the details of these fail...
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Veröffentlicht in: | The journal of applied business and economics 2014-12, Vol.16 (6), p.26 |
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description | Strategic management theory concentrates mostly on business success. However, much can be learned from studying business failure as well. During the Great Recession, an unusually large number of major financial institutions failed. Many books and government reports document the details of these failures and present various causal analyses. Much remains to be learned, and academic studies using the tools of strategy and other business disciplines should lead to increased understanding of these failures. If we could attain a better understanding of the failures, steps might be taken by executives and regulators to reduce the risk of their repetition. |
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subjects | Bankruptcy Business failures Business schools Commercial banks Cost control Diversification Economic crisis Executives Failure Failure analysis Financial services Great Recession Institutional investments Loans Management theory Market segments Marketing Mortgage companies Mortgages Product lines Strategic management Studies Textbooks |
title | Massive Strategic Failures in the Financial Services Industry |
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