Why didn't the experts see it coming?, asked the Queen of England, and the British Academy wrote a letter to explain. Of the lead up to the global financial crisis they wrote: “It is difficult to recall a greater example of wishful thinking combined with hubris.” Meanwhile, economist Paul Krugman asked a similar question - … Continue reading The financial crisis: Why did no-one see it coming, and why did economists get it so wrong?
Tag: financial crisis
How to avoid nasty surprises
The company had a "uniquely entrepreneurial culture" that made it a paragon of business success. According to management guru Gary Hamel, it was ‘leading the revolution’. Unfortunately the company in question was rotten to the core and ultimately became one of the most notorious business failures of the decade. The company, of course, was Enron. … Continue reading How to avoid nasty surprises
Four Cultures 