The crisis – ethics or competence?

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See http://www.strategydynamics.com/strategy-lessons. Background follows … I have been watching a long debate on the Academy of Management’s discussion list re Management Development about the role of ethics and values [or lack of] in bringing about the current crisis. That debate and many similar comments in the media seem to make a big assumption – that unethical behaviour was the main reason for the crisis, so with more ethical standards the crisis would have been avoided or substantially reduced. But apart from ...

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Ethics vs. competence

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I took the trouble to post a query on one of the Academy of Mgmt discussion lists, asking what colleagues felt we had failed to do to allow professionals  to graduate with the basic strategic incompetence [as well as financial] to bring about the current global crisis. Replies so far seem to focus almost entirely on the ...

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The banking crisis – again

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I’ve gone on about this before, but it’s gone way, way worse since I last brought it up, so let’s not forget that this whole mess started with gross strategic incompetence on the part of a few dozen CEOs of ordinary banks over-selling high-cost mortgages to more-and-more people who, more-and-more, couldn’t afford it – and egged on by equally incompetent analysts lauding those same CEOs for their foolishness – and then compounded by further incompetence when those toxic loans were ...

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