Where the decision‐makers went wrong: from capitalism to cannibalism

Abstract

This paper examines the organizational consequences of aberrant decision making processes in terms of the continuum of knowledge management alluded to by T.S. Eliot (1969); namely information acquisition and use, knowledge and, in turn, insight and wisdom. The thesis of the paper is that a raft of recent corporate failures can be explained away in terms of managerial decision‐making processes that have destroyed the integrity of the organizational learning experience for these organizations, through the corrupt and dysfunctional behavior of their respective managerial elite. It is further argued that when viewed from an anthropological perspective this dysfunctional behavior is akin to cannibalism of the body corporate.

Citation

Pech, R.J. and Durden, G. (2004), "Where the decision‐makers went wrong: from capitalism to cannibalism", Corporate Governance, Vol. 4 No. 1, pp. 65-75. https://doi.org/10.1108/14720700410521970