{"product_id":"why-some-firms-thrive-while-others-fail-governance-and-management-lessons-from-the-crisis-9780199915996","title":"Why Some Firms Thrive While Others Fail: Governance and Management Lessons from the Crisis","description":"The financial crisis revealed fundamental shortcomings in both public and private American institutions. While the firms that were successful each found their own way to weather the crisis, unsuccessful firms were remarkably alike in their inability to cope and in the mistakes they made. \u003cp\u003e\u003c\/p\u003eCombing through the wreckage, Thomas H. Stanton examines which financial firms survived the crisis and which ones failed. He analyzes how differences in governance, organization, and management between these firms led to their success or failure, and how government supervision and regulation failed\u003cbr\u003eto prevent the crisis. Based on interviews that the Financial Crisis Inquiry Commission conducted with CEOs, risk officers, traders, and others at major financial firms, Stanton systematically outlines how successful firms, like JP Morgan Chase, Goldman Sachs, Wells Fargo, and others used a\u003cbr\u003emultitude of approaches to distinguish themselves in operational competence and intelligent discipline, while unsuccessful firms, like Fannie Mae, Freddie Mac, and Countrywide, and others uniformly failed to prepare for possible low-probability, high-impact events. Stanton concludes by issuing a\u003cbr\u003ecall for strengthening organizational design, governance, and risk management, by identifying clear attributes that distinguish successful firms from the others. \u003cp\u003e\u003c\/p\u003e\u003cem\u003eWhy Some Firms Thrive While Others Fail \u003c\/em\u003eis an invaluable resource for company officials and policymakers on the development of a risk-sensitive, more-successful culture. It also provides an essential foundation on culture and governance for students of business and public policy, practitioners\u003cbr\u003ewithin the public and private financial institutions at the center of the recent financial crisis, and those at risk of playing roles in possible future crises.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Thomas H. Stanton\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/05\/2012\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 292\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.20lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.20w x 1.00d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780199915996\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 12\/01\/2012\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cem\u003eThomas H. Stanton\u003c\/em\u003e is a fellow of the Center for the Study of American Government at the Johns Hopkins University. He is the author of \u003cem\u003eA State of Risk: Will Government Sponsored Enterprises be the Next Financial Crisis?\u003c\/em\u003e and \u003cem\u003eMaking Government Manageable: Executive Organization and Management in the\u003c\/em\u003e \u003cem\u003eTwenty-First Century.\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Hardcover","offer_id":40455051083891,"sku":"9.7802E+12","price":110.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_5abc8c2e-1854-48a3-a7f8-69dc3592cad2.jpg?v=1663679598","url":"https:\/\/bookstorenmore.com\/en-de\/products\/why-some-firms-thrive-while-others-fail-governance-and-management-lessons-from-the-crisis-9780199915996","provider":"Bookstore N More","version":"1.0","type":"link"}