Avoiding Corporate Breakdowns — The Nature and Extent of Managerial Responsibility

There is no denying the global economy is changing at a rapid pace. Competition is increasing in intensity, technology is increasing in complexity, and innovation is increasing in importance, but approaches to managerial decision-making have not kept pace. This rigidity explains such corporate disasters as the blowout, explosion, and fire at the BP drilling platform in the Gulf of Mexico in 2010, the total collapse of the residential mortgage industry that started in 2006, and the use of lead paint on children's toys revealed in 2007. Managers today face 21st century problems, and Avoiding Corporate Breakdowns provides the means of solving these very problems.

LaRue Hosmer is an Emeritus faculty member at the Ross School of Business administration at the University of Michigan where he taught Corporate Strategy, Entrepreneurial Ventures and Managerial Responsibility. He has a PhD from Harvard University.

Patrick Barry has a J.D. from the University of Chicago and now teaches at the University of Michigan, where he also advises the Human Trafficking Clinic, the first law school clinic in the country to provide comprehensive representation to victims of human trafficking.