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Why Some Firms Thrive While Others FailGovernance and Management Lessons from the Crisis$
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Thomas H. Stanton

Print publication date: 2012

Print ISBN-13: 9780199915996

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780199915996.001.0001

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Repairing Our Public and Private Institutions

Repairing Our Public and Private Institutions

A National Imperative

(p.3) 1 Repairing Our Public and Private Institutions
Why Some Firms Thrive While Others Fail

Thomas H. Stanton

Oxford University Press

Chapter 1 is the introduction and overview. It introduces the core questions of the book: Why did so many major firms fail to protect themselves and their shareholders from failure in the financial crisis? What were key differences in governance and management between firms that weathered the crisis and those that succumbed? And what can be done to improve both public and private organizations in the future? The chapter introduces the idea of “constructive dialogue” as a critical indicator of the quality of governance and management of a firm. This book is not only about the financial crisis: it provides lessons about organization, governance and management of private and public organizations more generally and the need to strengthen the institutions upon which all of us depend for our safety and economic well being.

Keywords:   governance, management, public organizations, private organizations, safety, economic well being, organization

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