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OverviewThe collapse of Barings’ Bank was a commercial catastrophe that resonated worldwide, showing what kind of secrets can lie behind an apparently successful organization. Following Nick Leeson’s arrest and subsequent conviction for fraud, investment banks anxiously reviewed their risk management controls to make sure that it could never happen again. Helga Drummond’s exploration is conducted against a backdrop of social and psychological theories of decision error that seeks to go beyond media style accusations of greed and incompetence. She challenges the myth that Barings ‘must have known’ that mischief was afoot. The book offers lessons for all organizations as it shows how easily managers can end up living in a world of fantasy believing that everything is under control when the precise opposite may be true. It is not risk and uncertainty that should worry organizations, concludes Drummond, but what they are most sure of. The collapse of Barings Bank had international ramifications, and this scholarly analysis will have an international audience as a result. The book will be of great interest to all those interested in social psychology, the application of psychology in management theory, sociology, and organizational behaviour. It is also suitable as recommended reading for a management or organization behaviour course. Full Product DetailsAuthor: Helga Drummond (University of Liverpool, UK)Publisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.300kg ISBN: 9780415542708ISBN 10: 0415542707 Pages: 160 Publication Date: 10 May 2012 Audience: College/higher education , Tertiary & Higher Education , Undergraduate Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsHer sast chapter's fascinating water analogy nicely summarizes the issues, and her final sentence may well generalize the background of the current financial crisis ... well worth reading. -- CHOICE September 2008, Vol. 46 (J. Prager, New York University) Author InformationHelga Drummond is Professor of Decision Sciences at the University of Liverpool Management School. Tab Content 6Author Website:Countries AvailableAll regions |