These companies failed because leaders did not want to hear bad news: The Ostrich Effect
Idea to Value
JANUARY 4, 2022
However, my manager instructed me to continue showing predictions that it was perfectly possible that we would meet the targets, something I argued with him about often. In an CNBC article , the culture at Volkswagen under CEO Martin Winterkorn was one based on fear. These organisations might then suffer from the Ostrich Effect.
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