Which factors explain the corporate disasters of the last decade?

Question

Quizplus · Accepted Answer

Management opting for high-risk strategies which took little account of those risks, and which overestimated their capability has been a major factor in corporate disasters of the last decade. Examples include the financial crisis of 2008, where banks took high risks with subprime mortgages, and the Boeing 737 Max crisis, where the company overestimated their ability to integrate new software into the planes. Top managers' greed and the absence of ethics may also contribute to corporate disasters, but it is not the primary factor. The complexity of the environment and misfit between marketing strategies and product characteristics only partially explain corporate disasters. The uncertainty and turbulence of the business environment is a general factor affecting all businesses, not just corporate disasters of the last decade.

Which Factors Explain the Corporate Disasters of the Last Decade