Saturday, January 4, 2020

Business Failure of Worldcom in the Light of...

Running Head: Examining Business Failures Business Failure of WorldCom in the Light of Organizational Behavior Theories Abstract Business failures occur usually due to lack of organizational leadership and unethical practices prevalent within an organization. Managers and leaders tend to be a lighthouse for any organization and if they adopt unethical ways, then the entire organization suffer from extreme loss and disgrace. WorldComs bankruptcy scandal is a big example of business failure which was linked to leadership, management style and organizational behavior prevalent within the organization. The failure could not be attributed to poor financial position or downfall of telecommunication, but it was due to poor corporate governance and companys growth strategy through acquisitions. However, these drastic failures could have been predicted if organizational behavior theories and leadership and management styles were utilized properly. 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