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Xoay quanh các vấn đề về đạo đức kinh doanh trong tình huống cụ thể là ngân hàng Farrow. Đây là một trong những tình huống nghiên cứu của môn Đạo đức kinh doanh theo giáo trình MBA của trường Columbia Southern University Hòa Kỳ
THE 1920 FARROW’S BANK FAILURE The 1920 Farrow’s Bank Failure Name student Columbia Southern University The 1920 Farrow’s Bank Failure The 1920 Farrow’s Bank Failure Introduction The article about the failure of Farrow bank highlights the cause of this failure According to experts, Thomas Farrow with his arrogance, led to the bank's collapse in 1920 To clarify the problem, I will address the following questions: How did corporate culture, leadership, power and motivation affect Thomas' level of managerial hubris? Relate managerial hubris to ethical decision-making and the overall impact on the business environment; explain the pressures associated with ethical decision-making at Farrows Bank; Evaluate whether the level of managerial hubris would have decrease if Farrow Bank had a truly ethical business culture Could this have affected the outcome of Farrow Bank? The way to corporate culture, leadership, power and motivation affect Thomas' level of managerial hubris Corporate culture has given Thomas all the power He is both the owner and chairman of Farrow Bank He has enough authority to change the organizational structure without any outside meddle or control Thomas was a poor financial manager when he falsified documents and mishandled bank related information Thomas Farrow ruled Farrow’s Bank like a tyrant (Hollow, 2014) Therefore, he did not need any advice from others And in fact, he never received anyone's advice for his poor leadership Besides, with arrogance has led to an absolute greed - one of the deadly sins (Hollow, 2014) This has led to the complete collapse of Farrow Bank Pressure of ethical decision-making At that time, Thomas was too arrogant to receive the assistance of any force involved in his decision-making at Farrow Bank, both government and private Therefore, he has no pressure in The 1920 Farrow’s Bank Failure making ethical decisions He has no moral protection for himself Greed came to the throne and led the error for all his decisions The level of managerial hubris and ethical business culture Psychologically, when a falcon lives with a flock of chickens, it will think that it cannot fly and behaves like a chicken So is the moral When a person lives in a moral culture, they will certainly behave in a moral manner That is the trend Rarely will it be broken And once Farrow Bank is run by an ethical leader, ethical corporate culture, it is very likely that the end result of Farrow Bank will be changed Perhaps it will survive today rather than die prematurely like the time of Thomas Farrow In fact, President Barack Obama (Collins, 2015) has saved many banks However, for Farrow Bank, there was so much scandal and criticism of the banker’s arrogance that it canceled out its chance to revive On the other hand, if Farrow was truly managed by an ethical person who directed the bank towards an ethical corporate culture, the bank would not have had to suffer from losses and failures Conclusion After reading The 1920 Farrow's Bank failure: a case of managerial hubris?, I got a better look at the expert judgment of Thomas Farrow's arrogance that led to the Farrow bank crash Pride arises from a conservative corporate culture, acquiring power over a relationship without the advice or control of functional departments In addition to the leadership is weak of Thomas Farrow and his insatiable greed These things brought Farrow Bank to the brink and could not turn back or get help from anyone In my opinion, if Farrow Bank was led with ethical corporate culture then the negative issues that led to Thomas Farrow's arrogance would not have happened Moreover, most likely the bank is still in operation today The 1920 Farrow’s Bank Failure References Collins, M (2015, 14) The Big Bank Bailout Retrieved 5, 2020, from https://www.forbes.com: https://www.forbes.com/sites/mikecollins/2015/07/14/the-bigbank-bailout/#5a26c00a2d83 Hollow, M (2014) The 1920 Farrow's Bank failure: a case of managerial hubris? Journal of Management History (1751-1348), p164-178