Reasons behind the Collapse of the Company HIH Insurance - Case Study Example

Several reasons have been suggested as the main factors that contributed to the collapse of the company.... However, a close analysis of the company's proceedings since its establishment clearly shows that poor management was the main factor that led to the collapse of the company in 2003.... … The paper "Poor Management - the Reason behind the collapse of Kenya Castel Breweries Ltd" is a perfect example of a management research proposal....

It would logically co-relate the strategic issues regarding the company and its operations which ultimately led to the failure of the company.... In the end, it would also summaries various steps that would have saved the company from such a drastic downfall.... he analysis of this case will now be done by peeling off various layers that are associated with the strategic issues pertaining to the operations and the company as a whole.... … The paper 'Strategic Management Issues that Led to the collapse' is a great example of a Management Essay....

In an effort to save the company, the government of China got involved and formed a partnership between the company and its major competitors.... For example, in China, a Chinese state-owned company named Lucky Films, which offered employment to many Chinese was to collapse due to stiff competition.... … The paper "Political, Economic and Cultural Motives behind Government Intervention in Trade" is a good example of a macro & microeconomics essay....

The idea behind the Bretton Woods Agreement therefore was purposely to stabilize the distribution of the world currencies and therefore ensure stability in the world economies.... … Running Head: Bretton Woods SystemThe Bretton Woods Agreement and its FailureNameInstitutionDateBretton Woods SystemTo begin with, the Bretton Woods Agreement is an economic pact that was established by representatives of worlds' leading nations Running Head: Bretton Woods SystemThe Bretton Woods Agreement and its FailureNameInstitutionDateBretton Woods SystemTo begin with, the Bretton Woods Agreement is an economic pact that was established by representatives of worlds' leading nations following the great depression of the 1930's....

It ensured that frauds were committed in the presence of the management and finally led towards the collapse of the insurance giant.... The investigation into the collapse of HIH Insurance showed that business and accounting frauds led to its failure.... This paper evaluates in detail the frauds committed by hih insurance, Australia, and Bond Corp, Australia in which the organization manipulated the financial accounts.... The corporate failures of hih insurance, Australia, and Bond Corp, Australia clearly highlight the auditor's role in such a failure and show how the auditor could have distributed better information which would have helped to reduce the magnitude of the impact....

Some scholars and business analysts argue that Enron's record-breaking bankruptcy and its subsequent collapse was caused by unethical behaviors on the part of the leadership of the company as the leadership of the company were driven by greed (Gini, 2004)....  Others, however, believe that the collapsed of Enron was the result of bad accounting practices, such as the mark-to-market accounting practices that were calculated to hide the huge financial debts that the company had accumulated....