These companies failed because leaders did not want to hear bad news: The Ostrich Effect
Idea to Value
JANUARY 4, 2022
It can result in a culture of fear where people do not feel comfortable reporting bad news at all, and so employees who find bad news may actively try to hide it and lie about progress. In an CNBC article , the culture at Volkswagen under CEO Martin Winterkorn was one based on fear. Volkswagen.
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