Credit‐crisis “villains” brought to book: Better laws and regulation only way to prevent another catastrophe

Abstract

Purpose

This article aims to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies.

Design/methodology/approach

The briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Graafland and Bert W van den Ven provide a sharp analysis of what caused the credit crisis and point the finger at those who are culpable. If anything, they are generous to the perpetrators, while making it clear they will have to be forced to change. Ready and Stecker Truelove's article offers a glowing endorsement of three current business success stories. It Is uncritical, but it Is good to see that these firms exist and that the art of good business practice still thrives. Taylor provides a comprehensive account of China's current standing in the wake of the credit crisis, including the issues that still need to be addressed if the nation is going to fulfill its potential and become the number economic super‐power.

Practical implications

The article provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

Citation

(2012), "Credit‐crisis “villains” brought to book: Better laws and regulation only way to prevent another catastrophe", Strategic Direction, Vol. 28 No. 4, pp. 22-25. https://doi.org/10.1108/02580541211212817