Controversy kills. It destroys companies. It wrecks careers. It slows sales. It closes plants. It stops construction. It drives down stock prices. It repels lenders and investors. It demoralizes employees. The list of damage caused by unmanaged corporate controversy is almost endless. Since each of these responsibilities - sales revenue, stocks prices, manufacturing, marketing, employee morale, and so on - falls into the purview of the executive ... shouldn't you know how to protect them from controversy? Imagine you are at The Table with all of your company's top executives. There's a controversy in progress. Stakeholders are angry, the company is suffering, and the question is put to you: "What do we do?" Could you provide a concise, clear analysis of the situation, followed by a concise, clear strategy for ending the controversy? If not, read this book.

As managerial roles diversify, the phenomenon of management becomes increasingly puzzling. Demand for formal management training, theories and qualifications has increased, yet our ability to think critically about management has diminished. At a time of organizational and environmental turbulence, the question of effective management is more complex than ever. Unpicking the puzzles faced by both the manager and the student of management, this introductory guide explores the major issues of management, organization and knowledge, asking questions of our 'guru' culture and raising debates on so-called expert thinking. Written from the viewpoint that the most effective managers are those that can think for themselves and put aside the advice of the management 'guru', it is a topical, challenging and thought-provoking study. Thoroughly revised and reorganized, this second edition features two completely new chapters that cover gender issues in management, debates on globalization, post-modernity and the future of management. Designed to bring readers into the debate, rather than simply providing a framework of answers, this new edition also includes an orientation questionnaire, discussion questions for each area covered and further reading suggestions.

Bachelor Thesis from the year 2014 in the subject Business economics - Business Management, Corporate Governance, grade: 1.0, LMU Munich, language: English, abstract: This paper deals with structural challenges arising for organizational change after corporate scandals. Corporate scandals have become an increased phenomenon and corresponding information spreads progressively fast in times of digital and social media. These can pose an extreme threat to organizations’ legitimacy and reputation and thus, endanger their performance and survival chances. Nevertheless, there are still many examples of ‘bad handling’ and organizations seemingly do not know how to cope with such incidents correctly. The way organizations and their environments perceive and respond to a scandal constitutes a decisive factor concerning its outcome and consequences. Despite the extreme threat and inevitable harm that arise out of corporate scandals, they can be seen as triggering events that generate a chance for fundamental and beneficial organizational change. The corresponding literature on crisis management focuses on response strategies to improve perceptions of the organization. To substantially solve and permanently prevent the reoccurrence of such an incident, however, fundamental change in the organization’s practices and behavior is necessary. This research question is addressed with an integrated approach to exploit both, knowledge from theory on crisis and change management as well as business practice and reality. In order to develop practical guidelines for organizations and to demonstrate how theoretically developed recommendations may look like and can be implemented in practical reality, this paper includes a case study. The theoretical approach is thereby enriched by an analysis of the Siemens AG after their bribery scandal in 2006. As result of the research, a framework is developed that should serve as a guideline for an effective handling of corporate scandals. Therein, implications from theory and practice are combined and both, the organization’s direct response to the scandal as well as the management of the subsequent change, are considered. The main goal of this response and change effort is to recreate a perception of integrity to regain support both from the outside as well as from the organization’s inside.

This brief extends studies on how corporations respond to scandals by examining the evolution of the accounts that corporate agents develop after a scandal becomes public. Guided by the theory of accounts and a recently developed perspective on crisis management, its examines how the accounts developed by thirteen corporations caught up in highly publicized scandals changed from the time of initial exposure to the issuance of an investigative report. This brief continues the discussion of the broader managerial and social implications of the analysis of accounts, and analyses their effect on our understanding of the ability of corporations to weather serious scandals. It includes four case studies; from Switzerland, Moldova, Denmark, and Norway respectively.

How to prevent corporate scandals and fix good companies that do wrong The news media is replete with stories of corporate scandal, corruption and misdeeds. The need for effective crisis management and corporate governance strategies has never been greater. Broken Business explains why corporate scandals happen, what to do when scandals arise in your company, and how to prevent their future occurrence. Offering real-world anecdotes and solutions, this book details how corporations can mitigate the risk of scandal, reform corporate image and install structures to create a more ethical and profitable company. This insightful resource dispels common misconceptions of corporate misconduct and its causes through fascinating research into human nature, and compelling storytelling that demonstrates fundamental flaws in corporate culture. Author José Hernandez draws on decades of experience working with high-profile global corporations to present seven essential steps for transforming a company, including building a better culture, more effective compliance systems and re-focusing the strategy. This book allows you to: Examine current and highly publicized cases of corporate scandal and their impact on corporate credibility Employ practical methods to rehabilitate your corporation’s public image Implement managerial frameworks to quickly address cases of misconduct Promote a culture of compliance and integrity to encourage good conduct in your corporate environment At its core, this book is a simple, engaging “how to” guide that offers practical advice on institutionalizing integrity in any organization. Broken Business: Seven Steps to Reform Good Companies Gone Bad is an essential text for leaders seeking a concise review at how things can go wrong, how to deal with scandal fallout and how to ultimately become a better company.

Despite the evolution of corporate governance in the last 30 years, corporate scandals have not stopped appearing in the media and academic documents. Therefore, this book presents a multidisciplinary study of corporate governance, as its mechanisms to reduce conflicts of interest and risk management must act as preventers of ethical and financial problems. The number of corporate scandals began to grow in the 1960s and peaked in the 1990s. From the first decade of the 2000s onwards, a remarkable evolution has taken place in the regulation market. However, new scandals continued to take place including the Subprime Crisis of 2008. New concepts such as corporate social responsibility (CRS), independence, gender diversity, and shell companies were incorporated. Until 2008 the scandals were mainly financial. Now, cases of corruption, environmental accidents, unsafe working conditions, child labor, and the political influence of power are increasing, which this book intends to address. It is critical to explore methodologies that allow collaboration among companies, regulatory entities, and those that guide their behavior and to ensure that they are consistent with the values of ethics, legality, disclosure, social responsibility, and accountability. Addressing Corporate Scandals and Transgressions Through Governance and Social Responsibility examines the tools of management and control that can be used as enforcement mechanisms of corporate governance and social responsibility and provides critical research on how to improve, discuss, and develop theories around fraud, corruption, ethics, corporate governance, and corporate social responsibility. Covering topics such as corporate scandal, human rights, and business fraud, this publication is ideal for corporate governance and social responsibility professionals such as accountants, auditors, tax officers, counsellors, directors, and managers as well as researchers, investors, and regulatory bodies and authorities.