Abstract
Three themes dominate this chapter. First, a review of factors that trigger the morphing of a crisis and subsequent triggering of a crisis-stream illustrates the diverse nature of these stimuli. Next, the fallout associated with the mismanagement, misconduct, or negligence illustrates the damage organizations experience with a crisis and subsequent crisis-stream. Finally, culpability for a crisis’ emergence is not limited to line or executive management but is traceable to those in advisory positions as well.
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Notes
- 1.
Cheri Swales. “Five Reasons Leaders Lose Credibility.” Monster.com accessed, November 18, 2019.
- 2.
Lee E. Berlik. “Prior to Derivative Suit, Shareholder Demand Must Clearly Identify Wrong and Demand Action.” https://www.virginiabusinesslitigationlawyer.com/prior-to-derivative-suit-share/ May 20, 2013.
- 3.
Jef Feeley. “Boeing Directors Sued Over Missed Warning Signs on 737 Max 8.” Bloomberg, November 18, 2019.
- 4.
Ibid.
- 5.
Lee E. Berlik. “Derivative Actions Carry Heightened Pleading Standard.” https://www.virginiabusinesslitigationlawyer.com August 17, 2015.
- 6.
Kevin LaCroix. “Massive Settlement in Wells Fargo Bogus Account Scandal Derivative Suit” Directors and Officers Diary, Posted in “Shareholders Derivative Litigation” March 3, 2019. at https://www.dandodiary.com/2019/03/articles/shareholders-derivative-litigation/massive-settlement-in-wells-fargo-bogus-account-scandal-derivative-suit/.
- 7.
Ibid.
- 8.
Kevin LaCroix. “Largest Derivative Lawsuit Settlements” Directors and Officers Diary, Posted in Shareholders Derivative Litigation, December 5, 2014.
- 9.
Kevin LaCroix. BoardSource.org https://boardsource.org/resources/board-member-job-description/ May 25, 2016.
- 10.
Ibid.
- 11.
Dennis Tafoya. The Effective Organization. (Rutledge, 2010).
- 12.
Dennis Tafoya. Organizations in Face of Crisis (Palgrave/Macmillan, 2013).
- 13.
Dennis W. Tafoya. “Organizational and Individual Effectiveness, Complexity, and the Effects of Emerging Events on Performance.” The Center for the Study of Complex Systems, The University of Michigan. 2009 Spring Conference, May 16, 2009. p. 15.
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Tafoya, D.W. (2020). Accounting for a System Breakdown. In: Crisis, Catastrophe, and Disaster in Organizations. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-37074-9_7
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DOI: https://doi.org/10.1007/978-3-030-37074-9_7
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