learning team reflection week 6

Aug 21st, 2016
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mgt521 week 6 team reflection

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1Week Six Learning Team ReflectionnameMGT/521July 15, 2015Professor22. What was the culture at Lehman Brothers like? How did this culture contributeto the Companys downfall?The culture of Lehman Brothers is that of risk takers at all cost, without weighingthe outcome, corruption and negligence. They ignored anyone who questioned decisionsto an extent of overruling their case and opinion. Responsible parties never took theirresponsibilities they argued with their bosses for years as stated in the scenario.They were so greedy money and compensation was all their cared for. Theirculture was disrespectful and selfish. They knew they were making wrong decisions andnever cared, and when someone said something nothing was done. These caused them tobe in a situation that caused downfall of the organization because top management didwhat they wanted and not listened to anyone in the organization.Our team believes that the culture of Lehman Brothers was unorganized. Themanagement did not respect moral ethic and values of the organization. They engaged inbig risky business to maintain the organization name and status but the organizationrepresentatives and C.E.Os abused and took advantage of the whole scene. They failed tosee forth the problem they had created due to their money hunger. The managementshould have tried to solve the problem and give the organization a good picture; insteadthey forged their accounts and gave false financial documents till the

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