Concluding Remarks and Recommendations: Unveiling Causes of Recent Business Crises

Vinay B. Kothari

Chapter Chapter 15 in Executive Greed, 2010, pp 153-170 from Palgrave Macmillan

Abstract: Abstract Product and market innovations are inevitable in the global marketplace. To remain competitive and grow, a firm has to innovate or adapt, change, and do what is essential and prudent for business. It does not matter whether the firm is small or large. There are other choices for business too: it can continue to maintain status quo, ignore the market forces, adhere to current or old practices, disregard sound financial principles, and/or follow imprudent and bad business strategies and practices. None of these other choices, ultimately, is without some disastrous consequences in the long run. Recent business crises clearly provide some evidence to this fact.

Keywords: Stock Option; Executive Compensation; Professional Manager; Business Failure; Corporate Leader (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10965-0_15

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DOI: 10.1057/9780230109650_15

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