Lehman Brothers Learning Team Reflection

 Lehman Friends Learning Crew Reflection Composition

п»їLehman Brothers -- Learning Team Reflection

When an organization gets too large, the managers and employees start to lose perspective on the company mission, desired goals, culture, and everything essential for you’re able to send success. Managers and employees will target their attention on earnings and economical goals to fulfill their passions. When the emphasis is only within the individual, it creates an unethical work environment that in the end leads to the collapse of the organization. The culture in the Lehman Brothers was that of careless and reckless habit from their trading practices for the manipulation with their financial revealing. For many years, it was a very good company, nevertheless , with achievement, comes the greed of demanding more cash and electricity. This avarice spiraled out of control by distort financial reporting and playing risky and unethical behavior. The company regularly exceeded its own internal risk limits and controls and management produced a wide range of awful decisions. The company's reward composition encouraged excessive risk-taking by top management. When target is placed on solely on money, common sense is often clouded. The unethical behavior coming from senior administration channeled down the chain of command and repercussions coming from such behavior were non-existent. Employees were often paid monetarily for taking risks and making doubtful deals. These employees had been supported in their unethical decision-making and had been treated while victorious heroes. And anyone who questioned all of them were disregarded. This greed caused the downfall in the organization due to the fact upper supervision once did what they needed without the ethical obligations necessary as a innovator. Upper management did not wish to consider sound honest advice. This become the socially accepted tradition by most employees. The desire to make money at all cost was more important than subsequent basic ethical values.

The business owners played a huge role in Lehman's collapse. The management...

References: Case Study: The Failure of Lehman Brothers – www.investopedia.com

Hewitt, A. (2006). A Guide to Sarbanes-Oxley Legislation. Recovered

via http://www.soxlaw.com/index.htm

Robbins, S. P. & Coulter, M. (2012). Management (11th ed. ). Upper Saddle River, NJ-NEW JERSEY: Prentice Lounge.


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