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The dynamics of organizational collapse : the case of barings bank / Helga, Drummond

By: Material type: TextTextPublication details: New York : Routledge, 2009Description: xvi, 143p, 23cmISBN:
  • 9780415399616
Subject(s): DDC classification:
  • 332.120941 DRU
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Helga Drummond's exploration is conducted against a backdrop of social and psychological theories of decision error that seeks to go beyond media style accusations of greed and incompetence. She challenges the myth that Barings 'must have known' that mischief was afoot. The book offers lessons for all organizations as it shows how easily managers can end up living in a world of fantasy believing that everything is under control when the precise opposite may be true. It is not risk and uncertainty that should worry organizations, concludes Drummond, but what they are most sure of.

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