search query: @indexterm Strategic management / total: 1889
reference: 112 / 1889
| Author: | Grant, R. M. Visconti, M. |
| Title: | The strategic background to corporate accounting scandals |
| Journal: | Long Range Planning
2006 : AUG, VOL. 39:4, p. 361-383 |
| Index terms: | accounting strategic management case studies companies Europe USA |
| Language: | eng |
| Abstract: | This paper deals with weaknesses in strategic management with the thesis that the 1990s boom was associated with less attention by major companies to the fundamentals of strategic analysis. Evidence is provided from case studies of 12 companies from the United States (U.S.) and Europe. These companies were involved in major accounting scandals during 20012003. Among the companies, a misfit is found btw. the strategy pursued and either the requirements of external environment or the companies' resources etc. Examples of strategic misfit included: overambitious growth targets, multiple acquisitions and excessive debt financing. |
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