Answer 1:
Yes, Top management team are more vulnerable to groupthink than managers at lower levels of organization: Because the top management are in high stress and pressure to ensure that the organization achieves the desired growth path and run on the success path, so that organization will survive for longer time. So top management are always in the thought process to put the organization on success path. This makes them more vulnerable than managers at lower level of organization, as the lower level managers do not have that kind of pressure for business survival. So they are comparatively free and can have more thought towards group think.
Answer 2:
Symptoms of group think do you note in the HBOS top management term and board of directors: The top management of HBOS and board of directors want to achieve the high growth rate for the HBOS. They want to have 17% to 20% of loans for better revenue generation for the HBOS. They do not have proper planning and risk management at the HBOS. They do not care other quality characteristics and risk factors for the HBOS.
Answer 3:
Group think can be prevented in this case by developing a process of proper risk assessment and recovery capability from the people towards their bank loans. The HBOS needs to have better monitoring process for its overall control over the bank operations in terms of repayments of the loans. The bank needs to have better processes for ensuring that their loan processes are running adequately and meeting / exceeding all basic quality and risk factors.
Answer 4:
Yes, the top leaders at HBOS should be held accountable for the collapse of the HBOS.
Answer 5:
Yes, the Accounting firm KPMG be punished for giving HBOS a clean financial bill of health even it was at near the collapse because the KPMG had made incorrect accounting practices and they released dummy report for HBOS. If their report was genuine, then it could be an eye opener for HBOS and HBOS can react or initiate before its HBOS collapse.
Case Study: Groupthink at the Top: The Collapse of HBOS It seemed like a merger made...
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What did you learn from HSBC’s case when applying concepts and theories from this chapter?( I want more 700 word) PROFESSOR'S GUIDANCE FOR THIS WEEK'S LE: You should know that HSBC has always been one of the most controversial banks worldwide. As an example, one can refer to HSBC to pay $101.5 million to settle fraud charges. Such a large global bank is worth a fair amount of investigation before attempting to post. CASE STUDY HSBC in 2015: Complex Global...
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