The dynamics of organizational collapse: the case of Barings Bank
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York [u.a.]
Routledge
2008
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XVI, 143 S. |
| ISBN: | 9780415399616 |
Staff View
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| 100 | 1 | |a Drummond, Helga |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a The dynamics of organizational collapse |b the case of Barings Bank |c Helga Drummond |
| 250 | |a 1. publ. | ||
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| 600 | 1 | 4 | |a Leeson, Nicholas William |
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Record in the Search Index
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| adam_text | Contents
Preface xiii
Principal actors xiv
Summary of key events xv
Introduction 1
Aims of this book 2
Approach to analysis 4
Validity of sources 4
Structure 6
1 The parados of consequences 9
Why do organizations exist? 9
Bureaucracy in practice 11
Beyond rules 14
2 A pisspot third-rate bank 16
A pisspot third-rate bank IS
Enter Nick Leeson 20
The licence application 21
Events in Singapore 22
The audit report 23
3 Failing most successfully 24
Means/ends reversal 25
The impact of culture 26
The psychology of loss 28
Control as form 28
4 The dynamics of power 31
Organization dynamics 32
x Contents
5 Did Nick Leeson have an accomplice? 35
Shooting fish in a barrel 36
Account 88888 37
An opportunity lost 38
6 Analysing the fatal disconnect 40
The Icarus paradox 40
The parable of the drunkard 42
7 Agency, structure and organizational collapse 43
Power and structure 44
The path to power 45
Scripts 46
8 From order filler to star trader 49
A structure that will prove disastrous ... 49
Suspense accounts 50
Unthinkable in any other bank... 51
A naked gamble 52
He is a star! 52
Leeson has too much power and influence 54
A significant general risk... 56
An important grey area ... 58
9 Analysis of Leeson s early days 60
Legitimation 60
Towards domination 62
Beyond greed 62
10 Decision error 63
Psychological and social influences 63
The psychology of loss 64
Social drivers of decision error 65
The missing hero 66
Organizational drivers of escalation 66
Organizations and entrapment 67
Values and purposes 70
Feeding the myth: organizational politics 70
Sense-making 71
Contents xi
11 A million bucks a day 74
This guy... is making a million bucks a day 75
Nobody else to ask 78
They wanted to believe it was all true ... 79
It s bad 82
Customer X 83
Plain rubbish 84
12 Analysis of the final weeks 86
Expectations and self-censorship 86
Beyond self-censorship 88
Action generators and sense-making 88
Self-enhancement 90
The missing hero 90
The politics of escalation 91
13 The illusion of control 94
The illusion of invulnerability 95
Illusion heightened 96
Impact of repeated success 97
Deadly shortcuts 98
Group dynamics 99
14 The last line of defence 102
Amazing recovery 102
Buried reasonably deep... 103
Defying gravity 104
We certainly couldn t expect it to last... 105
Business as usual 107
15 Analysing the illusion of control 108
Management information 110
The illusion of control 110
Groupthink 112
xii Contents
16 Summary and conclusions 114
Implications for organizational research 116
Implications for research in psychology of risk 117
Shadow option 118
Passive escalation 118
Traders option 119
Malfeasance as water 119
Imagining water 121
Implications for practice 123
The missing hero 124
Recognizing signs of malfeasance 125
Thinking ahead 126
Solution first: problem later 126
Fine-tuning the odds 126
Would risk management have saved Barings? 127
What is real? 128
References 130
Index 139
|
| adam_txt |
Contents
Preface xiii
Principal actors xiv
Summary of key events xv
Introduction 1
Aims of this book 2
Approach to analysis 4
Validity of sources 4
Structure 6
1 The parados of consequences 9
Why do organizations exist? 9
Bureaucracy in practice 11
Beyond rules 14
2 'A pisspot third-rate bank' 16
'A pisspot third-rate bank' IS
Enter Nick Leeson 20
The licence application 21
Events in Singapore 22
The audit report 23
3 Failing most successfully 24
Means/ends reversal 25
The impact of culture 26
The psychology of loss 28
Control as form 28
4 The dynamics of power 31
Organization dynamics 32
x Contents
5 Did Nick Leeson have an accomplice? 35
Shooting fish in a barrel' 36
Account 88888 37
An opportunity lost 38
6 Analysing the fatal disconnect 40
The Icarus paradox 40
The parable of the drunkard 42
7 Agency, structure and organizational collapse 43
Power and structure 44
The path to power 45
Scripts 46
8 From order filler to star trader 49
A structure that will prove disastrous . ' 49
Suspense accounts 50
Unthinkable in any other bank. ' 51
A naked gamble 52
'He is a star!' 52
'Leeson has too much power and influence' 54
A significant general risk. ' 56
'An important grey area . ' 58
9 Analysis of Leeson's early days 60
Legitimation 60
Towards domination 62
Beyond greed 62
10 Decision error 63
Psychological and social influences 63
The psychology of loss 64
Social drivers of decision error 65
The missing hero 66
Organizational drivers of escalation 66
Organizations and entrapment 67
Values and purposes 70
Feeding the myth: organizational politics 70
Sense-making 71
Contents xi
11 'A million bucks a day' 74
'This guy. is making a million bucks a day' 75
'Nobody else to ask' 78
'They wanted to believe it was all true . ' 79
It's bad' 82
Customer X' 83
Plain rubbish' 84
12 Analysis of the final weeks 86
Expectations and self-censorship 86
Beyond self-censorship 88
Action generators and sense-making 88
Self-enhancement 90
The missing hero 90
The politics of escalation 91
13 The illusion of control 94
The illusion of invulnerability 95
Illusion heightened 96
Impact of repeated success 97
Deadly shortcuts 98
Group dynamics 99
14 The last line of defence 102
Amazing recovery 102
'Buried reasonably deep. ' 103
Defying gravity 104
'We certainly couldn 't expect it to last." 105
Business as usual 107
15 Analysing the illusion of control 108
Management information 110
The illusion of control 110
Groupthink 112
xii Contents
16 Summary and conclusions 114
Implications for organizational research 116
Implications for research in psychology of risk 117
Shadow option 118
Passive escalation 118
Traders'option 119
Malfeasance as water 119
Imagining water 121
Implications for practice 123
The missing hero 124
Recognizing signs of malfeasance 125
Thinking ahead 126
Solution first: problem later 126
Fine-tuning the odds 126
Would risk management have saved Barings? 127
What is real? 128
References 130
Index 139 |
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| spelling | Drummond, Helga Verfasser aut The dynamics of organizational collapse the case of Barings Bank Helga Drummond 1. publ. New York [u.a.] Routledge 2008 XVI, 143 S. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Leeson, Nicholas William Barings Bank Baring Brothers (DE-588)5221820-X gnd rswk-swf Bank failures Great Britain Merchant banks Great Britain Organizational behavior Case studies Corporate culture Case studies Organizational effectiveness Case studies Konkurs (DE-588)4032148-4 gnd rswk-swf Organisationspsychologie (DE-588)4043786-3 gnd rswk-swf Risikomanagement (DE-588)4121590-4 gnd rswk-swf Großbritannien (DE-588)4522595-3 Fallstudiensammlung gnd-content Baring Brothers (DE-588)5221820-X b Konkurs (DE-588)4032148-4 s Organisationspsychologie (DE-588)4043786-3 s Risikomanagement (DE-588)4121590-4 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016394314&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Drummond, Helga The dynamics of organizational collapse the case of Barings Bank Leeson, Nicholas William Barings Bank Baring Brothers (DE-588)5221820-X gnd Bank failures Great Britain Merchant banks Great Britain Organizational behavior Case studies Corporate culture Case studies Organizational effectiveness Case studies Konkurs (DE-588)4032148-4 gnd Organisationspsychologie (DE-588)4043786-3 gnd Risikomanagement (DE-588)4121590-4 gnd |
| subject_GND | (DE-588)5221820-X (DE-588)4032148-4 (DE-588)4043786-3 (DE-588)4121590-4 (DE-588)4522595-3 |
| title | The dynamics of organizational collapse the case of Barings Bank |
| title_auth | The dynamics of organizational collapse the case of Barings Bank |
| title_exact_search | The dynamics of organizational collapse the case of Barings Bank |
| title_exact_search_txtP | The dynamics of organizational collapse the case of Barings Bank |
| title_full | The dynamics of organizational collapse the case of Barings Bank Helga Drummond |
| title_fullStr | The dynamics of organizational collapse the case of Barings Bank Helga Drummond |
| title_full_unstemmed | The dynamics of organizational collapse the case of Barings Bank Helga Drummond |
| title_short | The dynamics of organizational collapse |
| title_sort | the dynamics of organizational collapse the case of barings bank |
| title_sub | the case of Barings Bank |
| topic | Leeson, Nicholas William Barings Bank Baring Brothers (DE-588)5221820-X gnd Bank failures Great Britain Merchant banks Great Britain Organizational behavior Case studies Corporate culture Case studies Organizational effectiveness Case studies Konkurs (DE-588)4032148-4 gnd Organisationspsychologie (DE-588)4043786-3 gnd Risikomanagement (DE-588)4121590-4 gnd |
| topic_facet | Leeson, Nicholas William Barings Bank Baring Brothers Bank failures Great Britain Merchant banks Great Britain Organizational behavior Case studies Corporate culture Case studies Organizational effectiveness Case studies Konkurs Organisationspsychologie Risikomanagement Großbritannien Fallstudiensammlung |
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