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" Fit to bust : "
Tim Phillips.
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BL
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| Record Number
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703975
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| Doc. No
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b526164
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| Main Entry
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Phillips, Tim,1967-
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| Title & Author
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Fit to bust : : how great companies fail /\ Tim Phillips.
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| Publication Statement
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London ;Philadelphia, PA :: Kogan Page,, 2011.
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| Page. NO
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iv, 210 pages ;; 24 cm
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| ISBN
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074946013X
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: 9780749460136
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Bad Behaviour. Stuff happens ; Can we build to last? ; A word on classification -- Too Good to Fail. Isn't that meant to be 50 million pounds? : Bernard Madoff ; The meanest SOBs: WorldCom ; Ask why: Enron ; The numbers game -- It Worked Last Time. Living above your means: Northern Rock ; Breaking the Queen's bank: Barings Bank ; Easy money: The Mississippi Company ; Glory chasers: Leeds United plc ; Upselling the dream -- Modern Rambos. Chainsaw: Al Dunlap vs. Sunbeam ; These people: Bear Stearns ; Mr. Crapner: Ratners ; The man who always paid: Clarence Hatry ; Heads they win, tails we lose -- All Together Now. Frozen assets: Iceland ; An undertaking of great advantage: The South Sea Company ; Astounding and momentous failure: General Motors ; The smell of dead animals: Albania ; MRDA -- Greater Fools. Feeding risk: Lehman Brothers ; Confidence at its height: The Tulip Mania ; The greatest financier: Charles Ponzi ; Promises, promises: Home-Stake Production Co. ; Boys will be boys -- Look What We Made. A fitting start to the 21st century: AOL Time Warner ; Breaking up is hard to do: Royal Bank of Scotland and ABN AMRO ; Shooting the messenger: Bank of Scotland and Halifax ; To infinity and beyond: USWeb ; When mergers go bad -- Almost Revolutionary. Enhanced securitization: AIG ; The money machine: Long Term Capital Management ; Paying the price: LetsBuyIt.Com ; The next level: Digiscents ; Bigger than the Internet: Segway ; The invisible hand.
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| Abstract
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Warren Buffet remarked that it takes 20 years to build a reputation and five minutes to ruin it. "If you think about that, you'll do things differently." The author, a journalist turns his eye toward the most avoidable business disasters of recent history. In each case, the story begins at the point where a disastrous decision was made, and then it examines what happened, why it happened and what could have been different. Each story highlights a flaw that could affect any organization, for example, overexpansion, failure to do due diligence, or blindness toward an economic bubble. He then isolates the moment, meeting or decision just before the failure, and asks "What were they thinking?" He offers insights on why smart people make bad decisions, as well as on the process of management and decision-making in today's business world. Using first-hand accounts of the people involved, this book discusses business collapses such as Enron, Polaroid, WorldCom, and Woolworth's and explains how changing one decision could have helped avoid disaster.
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| Subject
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Business failures, Case studies.
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Business failures.
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| Subject
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Management, Case studies.
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| Subject
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Management.
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| Dewey Classification
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658.1/6
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| LC Classification
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HG3761.P47 2011
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