For this assignment, read the case study, â€œThe 1920 Farrowâ€s Bank Failure: A Case of Managerial Hubris.â€
Regulators evaluated Thomas Farrow as being inflicted by managerial hubris at the time of the bankâ€s collapse in 1920. With this scenario in mind, address the following questions, with thorough explanations and well-supported rationale.
- How did corporate culture, leadership, power, and motivation affect Thomasâ€ level of managerial hubris?
- Relate managerial hubris to ethical decision making and the overall impact on the business environment.
- Explain the pressures associated with ethical decision making at Farrowâ€s Bank.
- Do you think that if Farrowâ€s Bank had a truly ethical business culture, the level of managerial hubris would have been decreased? Could this have affected the final outcome of Farrowâ€s Bank? Explain your position.
Your response must be a minimum of three double-spaced pages. You are required to use at least one scholarly source in your response. All sources used must be referenced; paraphrased and quoted material must have accompanying intext citations, and be cited per APA guidelines.
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