"1 discuss aig s corporate culture as to what role it played if any in its downfall" Essays and Research Papers

Corporate Culture Culture refers to the fundamental values and norms that a group of people—such as an ethnic group‚ a nation‚ a corporation‚ or some other organization or profession—holds or aspires to hold. Every culture distinguishes itself from others by the specific ways it prefers to solve certain problems‚ such as those that arise from relationships with other people‚ from the passage of time‚ and in dealing with the external environment. Groups of people have "typical" cultural traits that

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AIG Contents Introduction This report deals with the American International Group (AIG) scandal of 2008. Before the collapse of AIG and its credit reduction‚ AIG was the largest insurer in the world with total annual revenue of $110 billion. On September 2008‚ AIG’s credit rating was downgraded‚ and AIG was without enough collateral for credit default swaps sold to banks around the world forcing AIG to accept a massive federal bailout package from

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Ann-Katrin Kohnle Organizational Behavior AIG American International Group‚ or AIG‚ started out as a company that represented American insurance companies in Shanghai. The company moved on to become a reinsurance company in the United States that would hekp insurance companies disperse their liabilites and therefore aid those companies to grow faster. In 1968‚ Maurice Greenberg took over as CEO and AIG grew and expanded into countries around the world. Today‚ AIG does not only provide reinsurance services

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Today’s Youth Justice Board came after the 1998 Crime and Disorder Act which passed to prevent young people from offending and re-offending (Home Office 2009). In the 1800’s when it came to punishment for crimes‚ there was no distinction between adults and children. People thought that the old forms of punishment‚ such as transportation and overall humiliation‚ were too severe for children. Mary Carpenter advocated for education rather than prison which introduced the battle between welfare and justice

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Corporate strategy Strategy is defined as the direction and scope of an organization over the long-term‚ which achieves advantage for the organization through its configuration of resources within a challenging environment‚ to meet the needs of markets and to fulfill stakeholder expectations. Johnson and Scholes (1982). Strategy can be used to describe an approach‚ stance‚ or long term. Strategies exist at several levels in any organization - ranging from the overall business (or group of businesses)

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who your great-grandparents are‚ do you ever think about what they did or what their great-grandparents did? Think about what your family was doing in the 1800’s. Were they wealthy? Did they live in the North or South? In 1850‚ the plantations were becoming a big controversy that everyone talked about. What if you had family that was a wealthy plantation owner of the South? Slavery in the United States was the biggest conflict in the 1800’s. However‚ the people who owned these slaves put them through

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Corporate-level strategy is focused mainly on the decisions over the scope of the firm ’s activities‚ mainly: product scope‚ geographical scope‚ and vertical scope. One of the myths of corporate-level strategy is that strategy formulation can be separated from implementation—that strategy is constructed first‚ then the appropriate management and organizational structure is selected afterwards. Unfortunately‚ this will result in a poorly designed strategy since it does not take into account the

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During the 1960’s‚ America was dealing with a lot of different issues. The U.S.A. was in the midst of a world war and the civil rights movement was gaining momentum within the nation. A majority of the movement was being led by civil rights activists like Martin Luther King‚ later to be joined by influential figures in the world of sports. Americans had varying opinions on the role of athletes during the 1960’s‚ but most agreed on the fact that they should be patriotic and represent the unity of

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Alaska Airline & Corporate Culture A unique cultural characteristic of Alaska Airline would be the benefits they allot their employees. After 90 days of working with Alaska Airline‚ an employee earns benefits which allows him or her to fly anywhere at anytime with 1 other individual. In addition to this‚ the employee is given 6 “buddy passes” each year which allows the employee to give 6 roundtrip tickets to people other than himself or the 1 person he chooses to travel with. The best part

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Corporate Culture Paper In every walk of life individuals encounter various types of environments or cultures which affect many aspects they are involved in. These cultures are dependent upon the situations and origination of all those impacting the environment. Organizations are also affected by culture and have a culture all of their own. The environment of an organization is commonly referred to as corporate culture and is influenced by many factors. The primary factors which influence corporate

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