Dick Smith Failure Case Study

#10. J.R. Richard Suffers Stroke On Field Houston Astros pitching ace J. R. Richard collapsed during a rehab stint, at the Astrodome, on July 30, 1980. Thje Astros put Richard on the DL when he felt numbness and his arm “go dead” during a July 14 game against the Braves. For two weeks he felt lingering pain and tightness. He complained to the training staff and sought medical advice, but Richard said that his concerns fell on deaf ears.

Gary Rawlings is 71 years old. He lives at home with his wife, Karen, and son, Doug. He recently was hospitalized for a stage 4 pressure ulcer to his heel. Gary suffers from diabetes and high blood pressure. Gary is unable to walk far distances due to his heel.

The chief of Metro Nashville Police Department is Steve Anderson. Anderson has been the chief of the department since 2010 and a member of the department for since 2010 and a member of the department for 39 years having worked his way up the ranks (Metropolitan Nashville Police Department, 2015). There are several instances in the last few years where Anderson’s leadership styles and qualities have been apparent. When there was civil unrest and riots in Ferguson and other cities across the nation, Nashville was also the scene of protests relating to the ‘Hands up, don’t shoot’ movement. When protestors took to the streets of Nashville on a cold November evening and shutdown traffic by blocking Interstate 24, Anderson had police take coffee

In August 2008, Richard Davis, of Independence, Missouri, was convicted in the kidnapping, rape, and torture of Michelle Huff-Ricci and the kidnapping, rape, and first-degree murder of Marsha Spicer (Rice, 2012). One might be quick to assume that Davis is deranged and that no further explanation can be given. However, Sigmund Freud’s Psychopathy Theory may provide an explanation, though not an excuse, for Davis’s actions.

Integration of Findings Bob Smith is a 54-year-old man who tends to have interpersonal relationships problems in his personal and professional life. As a teen, Mr. Smith was several physical altercations in school, at a young age he began abusing alcohol which resulted in truancy and ultimately dropping out of school. Mr. Smith’s behavior as a teen coincides with oppositional defiance disorder and conduct disorder.

As a former young offender whose life changes after being a part of a group home, Reef has to overcome his own nature, having to decide between what the easiest decision is and what the right decision is. This is shown after a politician, Ronald Decker, manipulates the media by cutting and showing parts of Reef’s positive eulogy at his youth worker’s funeral to create a negative message, in order to prove, with false evidence, that Reef’s former group home, North Hills, is “failing to meet its mandate [and] is merely a rest stop for low-lifes [sic] on the way to becoming hardened criminals” (Aker 136). This results in a change in Reef’s personality, changing from a positive to a negative attitude. The hatred in Reef finally overcomes him when

In preparation for trial, Ken Anderson had immersed himself in the details of the case. The district attorney knew he was up against formidable opponents: both defense attorneys had impressive track records, and Allison had been one of Anderson’s own law professors. Addressing the five-man, seven-woman jury that morning, the district attorney laid out the state’s theory of the case, arguing that on the night of his birthday, Michael had worked himself into a rage after Christine rejected his advances. “He had rented a videotape, a very sexually explicit videotape, and he viewed that sexually explicit videotape, and he got madder and madder,” Anderson said. “He got some sort of blunt object, probably a club, and he took that club and he went

Due to decentralization the top management also lost sight of their stores and employees, and only tracked them through their sales figures. The managers were expected to announce their yearly goals with much fanfare and pomp and it is possible that they inflated their goals and then pressured their employees to achieve their goals. Public sales contests, awards, and recognition also pressured the employees to focus on the SPH figures and feel pressured. Despite all these issues the top management didn’t acknowledge them for a long time leading to increased pressure on the

E.g. the decisions taken at Enron to create off-balance-sheet transactions (disguising that failed corporation’s true, deteriorating results) • When the board overpays a CEO, it’s the shareholders who lose a share of the profits which could have been either shareholder dividends or capital gains are instead going into the CEO coffers. • Though there is a divide that executives incentive plan actually motivated them to cause their companies to perform better , if company results improved for any reason (including pure serendipity), the executives received higher pay: cause and effect didn’t matter. The company’s performance itself drove the incentive compensation—whether under the control of the CEO and his team or not. •

“It is unfortunate that Ronnie Chan got tied up in the Enron situation, it is quite unfair to blame independent directors who have to depend on the external and internal auditors who are suppose to be giving independent and capable reports.” (Mark Mobius) The above quote lays the responsibility of the fall of a company on the auditors. The biggest audit fail of Enron Corporation not only led the company towards declaring bankruptcy but also dissolved one of the five big professional services companies, the Arthur Anderson.

Mentioned in this paper are suggestions of how the company failed and mentions of how they could have implemented practical business behaviors

Change initiative: Implementation, evaluation, and sustainability Change is something that happens in our daily life, particularly in Health Care field. It is a path of continuous change, particularly due to the internal and external factors that affect the organizations. The change model the author has came up and was presented in the previous presentation called Colorina’s Change Model will be utilized in this paper to help the identified issue regarding communication of new information within the facility and could benefit from initiating a change. In this paper, the issue and the current outcomes as a result of the issue identified together with the external and/or internal driving forces, contributing issues, and the people affected;

The participants include the board of directors, managers, shareholders, creditors, auditors and stakeholders (Ramadhan, 2012). It further identifies the rules and procedures incorporated in decision making within corporate issues. Incorporation of corporate governance enhances the development of a structure that seeks to enhance proper achievement of organizational objectives through identification and incorporation of social, legislative, market and environmental aspects that directly affect the corporate functions of the organization. The adoption of the Act sought to ensure that businesses adopted high operational standards necessary in influencing the adoption of effective financial procedures that meet the stakeholder interests. Therefore, the adoption of the Sarbanes-Oxley Act within U.S. firms remained instrumental in ensuring that the firm meets the financial obligations of stakeholders through the adoption of the corporate governance

Any company with an ‘e’ as a suffix or with ‘.com’ as a prefix, was instantly given public confidence, and undeservedly so. There was a gross, if not obscene, overvaluation of companies that had never made and were never going to make any profitable returns. This was majorly due to the faulty business models of these companies and how they

The Fall of The Lehman Brothers What would you do to keep your business alive if it was on the brink of bankruptcy. Over the years there has been speculation on what happened to cause the fall of The Lehman Brothers. Through this research I will discuss the actual timeline of events; from long before to include any stressors to cause all the way to long after to the aftermath this fall may have caused. It will identify who had any key role to play in the collapse, and what they did to help, or hurt the process.