Sunday, May 24, 2020
Strategic Management Case Study Module 7 - 1115 Words
Strategic Management Module 7 Case Study Daryl L. Young Thomas Edison State College Strategic Management Module 7 Case Study Housing Bubble and Its Burst Case Study Question 1: Explain the cause of the housing bubble and its burst in the mid-2000s. To what extent is this problem the result of ethical failure? Housing Bubble No single cause can fully explain the crisis but, in my opinion, the two major bases were legislation that promoted homeownership and subprime mortgages. To fully understand the environment that spawned the housing bubble, weââ¬â¢ll have to travel back to the 1930s, when the country was in the midst of the Great Depression. During this time frame, homeownership represented only about 40 percent of the U.S.â⬠¦show more contentâ⬠¦5). Countrywidesââ¬â¢ Role Case Study Question 2: Evaluate Countrywideââ¬â¢s role in the subprime mortgage debacle. Was the companyââ¬â¢s conduct unethical or illegal? Countrywideââ¬â¢s Role From 2005 to 2007, Countrywide was the leading subprime lender in the country issuing $97.2 billion in subprime mortgages (Bloomberg Business Week, 2009) but only led in market share by 2 percent. The bottom 16 subprime mortgage-issuing firms accounted for $363.5 billion in mortgages (reference chart 1). Countrywide was responsible for 10 percent of a $1 trillion problem. Conduct Unethical or Illegal Countrywide practices were illegal. Countrywide was charged with predatory lending practices (Thompson et al., 2012) and later reached a multi-state settlement for $8.68 billion (Huffman, 2008). ââ¬Å" Countrywideââ¬â¢s lending practices turned the American dream into a nightmare fore tens of thousands of families by putting them into loans they couldnââ¬â¢t understand and ultimately couldnââ¬â¢t afford,â⬠said Attorney General Edmund G. Brown Jr., a co-leader of the negotiations for the states (Huffman, 2008). Countrywide settlement became the largest predatory lending settlement in history, dwarfing the nationwide $484 million settlement (Huffman, 2008). Case Study Question 3: Using this case as an example, who benefits and who gets hurt when a company engages in unethical or sociallyShow MoreRelatedIssues in Global Business1296 Words à |à 6 PagesModule Title Issues in Global Business and Strategic Concepts ââ¬âââ¬âââ¬âââ¬âââ¬â Module Code 6IM 501ââ¬âââ¬âââ¬âââ¬âââ¬â Module Level 6 Credit value 40ââ¬âââ¬âââ¬âââ¬âââ¬â Total Number 400 of Learning Hours Key Words Implementation of Global strategy, strategy and the organisation, strategic development, globalisation, international business and the environment, internationalisation.ââ¬âââ¬âââ¬âââ¬âââ¬â Module Description There has been a fundamental shiftRead MoreSystem Analysis and Design1287 Words à |à 6 PagesSystem Analysis and Design Syllabus SYSTEM ANALYSIS AND DESIGN Module 1: Data and Information (3) Types of information: operational, tactical, strategic and statutory ââ¬â why do we need information systems ââ¬â management structure ââ¬â requirements of information at different levels of management ââ¬â functional allocation of management ââ¬â requirements of information for various functions ââ¬â qualities of information ââ¬â small case study. 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