Identify if the organisational culture at Lehman brothers has become toxic and whether the collapse of the bank was inevitable (reference could usefully be made to the work of Charles Hampden-Turner on virtuous circles and vicious spirals in this regard)
Lehman Bros was an American investment bank that, in 2008, collapsed in the wake of the bursting of the housing and the consumer credit bubbles in the USA and was considered to be the tipping point that precipitated the collapse of the worldwide financial system, the after effects of which were still being experienced ten years later. Attempts to sell the bank in extremis failed for a variety of reasons and subsequent academic and media articles have suggested that the Lehman Bros organisational culture was so toxic that it almost certainly contributed to the establishment of the environment that led to the asset bubbles and that its collapse may well have become inevitable.
THIS IS A GROUP ASSIGNMENT, I NEED ONLY THE BOTTOM PART TO BE 1925 WORDS.
Identify if the organisational culture has become toxic and whether the ultimate collapse of the bank was inevitable (reference could usefully be made to the work of Charles Hampden-Turner on virtuous circles and vicious spirals in this regard)
