Abstract
In this chapter we present a systemic approach to fiasco prevention. We establish a framework containing a conceptual model covering four interrelated domains in which systems thinking for fiasco prevention are exercised: (1) the institution itself; (2) exception management, where signs or symptoms of fiasco are detected and exposed; (3) corporate decisions, to understand and evaluate how they cause or address exceptions; and (4) an independent Oversight organization unit chartered with enhanced management and corporate governance control to remediate or prevent aberrant decisions. We discuss the utility and values of the framework and the conceptual model.
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© 2016 The Editor(s) (if applicable) and The Author(s)
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Nguyen, T.N. (2016). Preventing Corporate Fiascos: A Systemic Approach . In: Preventing Corporate Fiascos. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-49250-0_3
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DOI: https://doi.org/10.1057/978-1-137-49250-0_3
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Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-137-48964-7
Online ISBN: 978-1-137-49250-0
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