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Making the Team: A Guide for Managers, Fifth Edition
book

Making the Team: A Guide for Managers, Fifth Edition

by Leigh L. Thompson
December 2014
Intermediate to advanced
510 pages
26h 9m
English
Pearson
Content preview from Making the Team: A Guide for Managers, Fifth Edition

Chapter 7 Team Decision Making

Pitfalls and Solutions

In the years leading up to JPMorgan Chase’s $2B trading loss, risk managers and senior investment bankers raised concerns that the bank was making increasingly large investments involving complex trades. However, concerns about the dangers were ignored and dismissed. CEO Jamie Dimon approved the risky trades, and this contributed to an atmosphere of disregard. Even though Dimon was renowned for his ability to sense risk, he failed to heed the alarm bells that sounded in April 2012. Instead, Dimon was convinced by Ina Drew, who led the investment office, that the turbulence was manageable. Unfortunately, no one questioned Drew’s conclusion, and, moreover, the operating committee was not even ...

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Making the Team: A Guide for Managers

Making the Team: A Guide for Managers

Leigh L. Thompson

Publisher Resources

ISBN: 9780132968089