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ACOMS+ 및 학술지 리포지터리 설명회

  • 한국과학기술정보연구원(KISTI) 서울분원 대회의실(별관 3층)
  • 2024년 07월 03일(수) 13:30
 

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A Causal Analysis of Conglomerate Bankruptcies

융합경영연구 / The Journal of Economics, Marketing and Management, (E)2288-7709
2020, v.8 no.1, pp.12-19
https://doi.org/https://doi.org/10.20482/jemm.2020.8.1.12
KU, Sang-Wuk (Department of Convergence Studies, Pai Chai University)
WHANG, Yun-Oh (College of Business Administration, University of Pittsburgh)
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Abstract

Purpose - Strategic causes for the failure include unrealistic growth, overexpansion, unfamiliar new markets, volume obsession, unrealistic promises and poor project selection. Organizational causes are insufficient capital and profits, lack of business knowledge, poor financial management, poor sales skills, inadequate marketing, poor leadership, poor leadership transfer, project losses, poor field performance and owner bankruptcy. Uncontrollable causes include industry and economic weakness and banking and surety changes. While helpful, the list provides insufficient clarity regarding the causal roots of failure. Research design, data and methodology - The research framework to organize the information involved with many of the recent and large failures in the industry. Results - This research then identified five dominant root causes - excessive egoism, poor strategic leadership, too much change, loss of discipline and inadequate capitalization. Conclusion - Finally, additional input from external forces may accelerate the firm's pace to failure. It is important on the development of diagnostic tools that are based on this model and that will provide new ways to assess a conglomerate's level of risk for incurring a financial crisis.

keywords
Conglomerate Bankruptcy, Excessive Egoism, Poor Strategic Leadership, Pushing the Speed Limits of Change, Loss of Discipline, Inadequate Capital

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