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Home > QFINANCE Dictionary > Definition of failure

Definition of

failure

General Management

bankrupt organization an organization that has gone bankrupt. A business that is at risk of failure may be saved by turnaround management, which identifies and deals with the reasons for decline.

Related definitions of "failure"

failure - Related Articles

  • Banks “Planning for Failure”—Living Wills as Resolution and Recovery Plans

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    The bankruptcy of investment bank Lehman Brothers in September 2008 rocked the financial markets and shook confidence in the strength of the global banking system as the credit crunch intensified. Administrators faced a gargantuan challenge in dealing with the aftermath of the failure of the fourth biggest US investment bank; at the point of its collapse, Lehman had US$613 billion in debts and US$639 billion in assets, including US$43 billion in property alone

  • Stewart Hamilton

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    Stewart Hamilton is professor of accounting and finance at IMD business school in Lausanne. He has held that post since 1981 and has been dean of finance and administration since 2008. His areas of interest are corporate failure, governance, risk management, and investor protection. Formerly a

  • Tim Johnson

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    is Tim’s specific area of expertise. He advises clients on the procedural, behavioral, cultural, leadership, and communication aspects of crisis preparedness and reputation management. He has supported clients facing allegations of fraud and senior management malpractice, industrial accidents leading to multiple fatalities, high-profile litigation, sensitive asset divestments, controversial market withdrawals, organizational restructuring, and supply chain failures.

  • Engaging Senior Management in Internal Control

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    So, as a corporate auditor, how can you push internal control up the priority list? Showing clearly to management the benefits of strong internal control on the one hand, and the consequences of failure of internal control on the other, is one path to this goal.
    By Philip Ratcliffe

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Definitions of ’failure’ and meaning of ’failure’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’failure’ and other financial terms with our online QFINANCE Financial Dictionary.

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