Subject category:
Strategy and General Management
Originally published in:
2017
Version: 20-Jan-2017
Revision date: 30-Jan-2017
Length: 23 pages
Data source: Published sources
Abstract
How to manage strategic errors? The Fortis case presents students a complex situation in which top executives at a major Belgian bank had to navigate the consequences of a major strategic decision, the acquisition of a rival almost its size, at a time when the financial crisis was brewing. The Fortis case helps students delineate organizational errors and strategic errors. More importantly, it provides with insights from research about how to act when errors occur.
About
Abstract
How to manage strategic errors? The Fortis case presents students a complex situation in which top executives at a major Belgian bank had to navigate the consequences of a major strategic decision, the acquisition of a rival almost its size, at a time when the financial crisis was brewing. The Fortis case helps students delineate organizational errors and strategic errors. More importantly, it provides with insights from research about how to act when errors occur.
Settings
Locations:
Size:
80,000 employees
Other setting(s):
2007-2008