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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source Business Source Complete
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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