For this assignment, read the case study, "The 1920 Farrow's Bank Failure: A Case of Managerial Hubris." This case is located in the ABI/Inform Complete database found in the CSU Online Library (see reference below).
Hollow, M. (2014). The 1920 Farrow's bank failure: A case of managerial hubris? Journal of Management History, 20(2), 164-178.
Regulators evaluated Thomas Farrow as being inflicted by managerial hubris at the time of the bank's collapse in 1920. With this scenario in mind, address the following questions, with thorough explanations and well-supported rationale.
1. How did corporate culture, leadership, power, and motivation affect Thomas' level of managerial hubris?
2. Relate managerial hubris to ethical decision making and the overall impact on the business environment.
3. Explain the pressures associated with ethical decision making at Farrow's Bank.
4. Do you think that if Farrow's Bank had a truly ethical business culture, the level of managerial hubris would have been decreased? Could this have affected the final outcome of Farrow's Bank? Explain your position.
The response must be a minimum of three double-spaced pages. You are required to use at least two scholarly source in your response. All sources used must be referenced; paraphrased and quoted material must have accompanying in-text citations, and be cited per APA guidelines.
Aminu, A. A., & Oladipo, O. A. (2015, September). Application of financial ethics in annual financial reporting of banks. Economic and Social Development: Book of Proceedings, 226-235. Retrieved from https://libraryresources.columbiasouthern.edu/login?url=http://search.proquest.com.libraryresources.columbiasouthern.edu/docview/1722806340?accountid=3333 7
Cook, R. (2012, February). Mortgage crisis, ethics central in panel event. McClatchy. Tribune Business News. Retrieved from https://libraryresources.columbiasouthern.edu/login?url=http://search.proquest.com.libraryresources.columbiasouthern.edu/docview/921614281?accountid=33337
Duggan, W. (2015, November). Valeant investors: These 5 companies survived major accounting scandals. Benzinga Newswires. Retrieved from https://libraryresources.columbiasouthern.edu/login?url=http://search.proquest.com.libraryresources.columbiasouthern.edu/docview/1732855731?accountid=33337
Giannarakis, G. (2014). Corporate governance and financial characteristic effects on the extent of corporate social responsibility disclosure. Social Responsibility Journal, 10(4), 569-590. Retrieved from https://libraryresources.columbiasouthern.edu/login?url=http://search.proquest.com.libraryresources.columbiasouthern.edu/docview/1655514366?accountid=33337
Jamnik, A. (2011). Business ethics in financial sector. Ekonomska Istrazivanja, 24(4), 153-163. Retrieved from https://libraryresources.columbiasouthern.edu/login?url=http://search.proquest.com.libraryresources.columbiasouthern.edu/docview/1316066461?accountid=33337
Please view the videos below to hear what Donald Trump has to say about ethics and to learn more about Ponzi Schemes.
Copy and paste the web addresses below into your browser to access the videos:
Forbes. (2011, March 9). The Donald Trump ethic [Video file]. Retrieved from https://www.youtube.com/watch?v=PFw--KOUtCE
What is a Ponzi scheme? [Video file] (2015). Retrieved from http://www.investopedia.com/video/play/what-is-a-ponzi-scheme/
This article details how India uses CSR in its tourism industry.
To access the article, you must first log into the myCSU Student Portal and access the ABI/Inform Complete database found in the CSU Online Library.
Ferus-Comelo, A. (2014). CSR as corporate self-reporting in india's tourism industry. Social Responsibility Journal, 10(1), 53-67. Retrieved from https://libraryresources.columbiasouthern.edu/login?url=http://search.proquest.com.libraryresources.columbiasouthern.edu/docview/1510645768?accountid=33337