Gives an overview of the collapse of a reputable financial institution and the organizational deficiencies that have contributed to it. Outlines the history of Barings Bank, the creation of its securities business, particularly in the Far East, and like Nick Leeson, Barings, a trader in Singapore was to go to be able to massive losses in the trading of derivatives, which caused the collapse of the bank . Identifies the cultural clashes, compensation system, control deficiencies and other problems, which greatly weakened th … Read more »

Gives an overview of the collapse of a reputable financial institution and the organizational deficiencies that have contributed to it. Outlines the history of Barings Bank, the creation of its securities business, particularly in the Far East, and like Nick Leeson, Barings, a trader in Singapore was to go to be able to massive losses in the trading of derivatives, which caused the collapse of the bank . Identifies the cultural clashes, compensation system, control deficiencies and other issues that greatly weakened the effectiveness of the matrix management system, an important factor in the collapse.
«Hide

from
Stewart Hamilton,
Donald A. Marchand,
Alicia Bernard
Source: IMD
17 pages.
Release Date: 1 January 1995. Prod #: IMD001-PDF-ENG
Barings Collapse (A): Breakdown in Organizational Culture & Management HBR case solution

[related_post themes="flat"]