Failing to Succeed – Learning From Corporate Failures
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While case studies of successful businesses and organizations are covered extensively in strategy courses as well as the business media, there is limited information on how and why organizational decline and eventually failure occurs. This is not surprising as success stories are celebrated in corporations while there is great reluctance in reviewing or discussing failures. This is unfortunate as an examination of failures can often give great insights and learning points for managers and organizations.
Failures in organizations may be attributed to multiple reasons. These may include: inability of the organization to adapt to external changes, poor strategy formulation or execution, financial mismanagement, technology disruptions, non-market issues, unplanned contingencies, marketing failures, managerial hubris or ethical and governance deficiencies. This programme addresses the issue of business and organizational failure. Identifies different types of business failure and provides a framework for analyzing and dealing with multiple failures. Through the three days we will draw upon multiple perspectives, ranging from Industrial organizational theory, organizational ecology, and organization studies to emerging relationships between the non-market environment, strategy and organizational failure
The programme uses a mix of cases, readings, lectures, videos and exercises in combination to enhance the participants understanding of the alternative models of strategy and organization in the context of success and failure. Some key elements of the coverage will include
- The Context and the Causes of Firm Failure
- Analyzing non-market environments
- Managing organizational decline and crisis
- Corporate Failure Prediction Models
Who should attend
Executives of organizations in leadership positions.