Leadership Failure Assignment Example | Topics and Well Written Essays - 1250 words

Leadership Failure - Assignment Example Many factors, from a leadership perspective, have been accounted for Lehman brothers’ downfall that burst out by the end of 2008. Foremost, the executive leaders of the institution seemed to be unaware of the market complexities that had changed drastically over the last few decades. Leadership can be well executed only if the leaders are proactive with respect to all aspects of the organization and changing behaviors of people, customers, market, and shareholders. Kelly and Csorba’s (2009) extensive report on leadership gaps at Lehman Brothers clearly identifies reasons for its failure. In short, this report points at factors such as leadership autonomy, inappropriate human resource practices, hierarchy versus authority, personal character and values of leaders, inappropriate decisions with respect to alignment of individual goals and objectives with that of organization’s objectives. Bill George (2008) of Lehman Brothers also pointed at the critical decisions made by leadership that focused on short-term monetary targets and incentives and lack of risk assessment. Incidences of resistance from leadership level towards risk assessment have also been reported in the Lehman’s history. This not only indicates lack of risk assessment but also lack of shared leadership concept that is extremely important to run large organizations (O’Toole, Galbrath & Lawler, 2002). Leaders need to have the courage of taking risks, however, taking uncalculated risks can be the potential threat to the organization at large. Investment in complex and highly uncertain areas were some of the most critical leadership decisions that changed the plight of the organization and all its stakeholders. Leaders need to develop careful judgment of risks and strategize appropriate risk management practices to save the organization when faced with risky situations.  Ã‚  In conclusion, leadership is a quality that an individual must possess, but not limited to fulfilling the individual’s desires, motives, or goals; it is more about taking decisions and doing actions that contribute to the development of business through all people associated with the business.  

Business Law Essay Example | Topics and Well Written Essays - 2000 words - 11

Business Law - Essay Example Each issue in the current question requires an analysis of the elements and so each of these will be discussed in turn, with respect to each question. The definition of law of negligence is said to be the of conduct which tends to fall below the standard that has been established by law so as to protect others against any unreasonable risk of harm. The landmark decision in which the doctrine of negligence was developed was Donoghue v. Stevenson1 and in particular Lord Atkin’s formulation is till today said to be the benchmark. The material facts of the case were that Donoghue who consume a ginger beer found a decomposed snail in the bottle and claimed negligence against Setevenson. The basic contention was that a duty of care was owed by the manufacture to the person who used or consumed what had been produced and so an act of negligence had been committed when the person who consumed or used the product was injured, even though the bottle in this particular case had been purchased from a retailer. Therefore since the injury had been caused to the final consumer it was contended that whether the beer was purchased from the manufacturer. Thus it was contended that the manufacturer should be held liable to the final consumer as duty was owed by him in the current situation and he was negligent in respect of the duty that he owed. Even though the case was settled out of court the court found all the elements to be present and stated that there had been negligence on part of the manufacturer. The main establishment in this case was the neighbor principle.Thus the case stated that a person must take reasonable care so as to avoid acts or omissions which if seen with reasonable foreseeability are likely to cause an injury to that person’s neighbour. Lord Atkin found a neighbour to be a person who would be so closely and directly affected by the act that he should have been contemplated of when doing the