Abstract
Purpose
– The purpose of this paper is to trace the cultural roots of the presently ongoing crisis.
Design/methodology/approach
– The approach is to collect rankings of perceived goals of business leaders in 17 countries, from their employees who are attending evening MBA courses.
Findings
– There are marked differences in goal ranking between countries; overall ranking across countries follows the US model, but with exceptions.
Research limitations/implications
– Data collection was between 1995 and 2002 and analysis is based on judgment of evening MBA students with day jobs.
Practical implications
– This paper explains the present financial crisis from a hypertrophy of US cultural goals: growth, greed, and short‐term gains.
Originality/value
– The paper illustrates the unusual but credible data source from which the crisis could have been predicted.
– The purpose of this paper is to trace the cultural roots of the presently ongoing crisis.
Design/methodology/approach
– The approach is to collect rankings of perceived goals of business leaders in 17 countries, from their employees who are attending evening MBA courses.
Findings
– There are marked differences in goal ranking between countries; overall ranking across countries follows the US model, but with exceptions.
Research limitations/implications
– Data collection was between 1995 and 2002 and analysis is based on judgment of evening MBA students with day jobs.
Practical implications
– This paper explains the present financial crisis from a hypertrophy of US cultural goals: growth, greed, and short‐term gains.
Originality/value
– The paper illustrates the unusual but credible data source from which the crisis could have been predicted.
| Original language | English |
|---|---|
| Pages (from-to) | 307-312 |
| Journal | European Business Review |
| Volume | 21 |
| Issue number | 4 |
| Publication status | Published - 2009 |