Malik column in Manager Magazin: crisis forecast since 2004

Fredmund Malik regularly authored a column in the German Manager Magazin between 2004 and 2008*. Among other things, he addressed the misallocation of economic and human resources by the US management approach and the developing crisis risks due to an orientation solely according to financial key data and shareholder value. A selection of columns dealing with the crisis:

*Manager Magazin is for the most part consulted by decision-makers in the business world: about a quarter of the users are executives in the German business world.

 

Ball and chain, February 5, 2004

“The USA is the guarantor of worldwide economic growth. With this image and the current record growth it provides for worldwide euphoria. But what if everyone is mistaken as a result of sheer enthusiasm? A completely different view is no less plausible. And as an entrepreneur one has to be prepared for emergencies.” more (in German)

 


 

Rejection of US paradigm, May 25, 2004

“The bears are prevailing on the US stock markets and the hordes of MBA graduates will have to learn the hard way: a good manager does not have to solve case studies, but instead recognize risks and opportunities at an early date. The swan song will take its time, in the opinion of Fredmund Malik.” more (in German)

 


 

With best practice into bankruptcy, June 23, 2008

“Corporate governance according to the standards of so-called 'best practice’ as specified in corporate governance codes can lead directly to bankruptcy. The probability that this occurs is not slight.” more (in German)

 


Against the US Management Nonsense, March 30, 2005

“Hopes of an economic upturn are rising everywhere, except in Germany. But it may all turn out differently: the stock markets are in decline, the USA is becoming the birthplace of programmed crises. Why? Because America’s economic strength is utterly overrated.” more (in German)

 


Understanding Economics Means Understanding debt, April 15, 2008

“Anyone who wishes to understand the financial crisis needs to understand what indebtedness means. Only by correctly understanding debt does it emerge how effective measures to combat the crisis could be and where the dangers of this crisis lie. The actual problem is not falling share and property prices, but rather indebtedness.” more (in German)