Harvard Business Review

JANUARY 17, 2012

Take the case of paper money: someone in China centuries ago printed a value on a piece of paper and asked everyone else to agree with them that the paper was actually worth what it said it was.The whole modern banking system of paper and credit is built on this one simple act of faith.". In the end this money did become worthless.".

System 12

System Crisis Credit Rating Banking 12

Harvard Business Review

NOVEMBER 6, 2014

In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. For an example, reconsider the financial crisis. banking assets and as such are “too big to fail”). Nor was the government — beyond Greenspan and the Fed — blameless in the run-up to the crisis.

Management 8

Management Crisis Porter Credit Rating 8

Harvard Business Review

NOVEMBER 6, 2014

In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. For an example, reconsider the financial crisis. banking assets and as such are “too big to fail”). Nor was the government — beyond Greenspan and the Fed — blameless in the run-up to the crisis.

Management 8

Management Crisis Porter Credit Rating 8