These companies failed because leaders did not want to hear bad news: The Ostrich Effect
Idea to Value
JANUARY 4, 2022
This can be especially dangerous when the problem they are avoiding is that they are being disrupted , other companies are out-innovating them, an important project is off-target or performance KPIs are falling behind. In an CNBC article , the culture at Volkswagen under CEO Martin Winterkorn was one based on fear. Volkswagen.
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