Case Study The Top Management Team - 1565 Words

Toshiba seemed to be a very successful company with high profits for about seven years in a row. However, during this time a scandal was occurring where the upper management team members pocketed millions of dollars. Toshiba practiced unlawful accounting practices and over estimated their future profits. This scandal is an example of improper use of internal control and the misuse of the path-goal theory by over stating goals, which management knew employees would not be able to accomplish without using some type of loophole to top management benefits. This scandal started in 2008 and was exposed in 2015, according to Investopedia (2015), all under two different CEOs. Over a course of seven years, Toshiba over estimated their profits by $1.2 billion and carefully rearranged their loses and expenses so they would not count against them (Boyd, 2015. Carpenter, 2015). The top management team would â€Å"set impossibly high profit target, †¦ called ‘challenges’† and made sure that all the mangers understood how important it was to meet these goals, otherwise the company would be â€Å"under-performing† (Boyd, 2015). Some might question why the employees of Toshiba did not come forward and say anything about the new and impossible â€Å"challenges† they were being required to meet. This question is easily answered when one looks into the organizational culture of Toshiba and Japan’s work culture. As explained in J. Boyd’s article, one of their strongest employee’s values is â€Å"loyalty to theShow MoreRelatedCase Study : Job Management1284 Words   |  6 PagesRunning head: UNIT TWO CASE STUDY 1 UNIT TWO CASE STUDY 6 Unit Two Case Study ? Nice Manager Michelle Kinyungu Kaplan University GM501-01: Management Theories and Practices II Dr. Carrie A. O?Hare January 19, 2016 Unit Two Case Study ? 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