Then each of the original monkeys was replaced with a new one. Can the Chief Executive Officer (CEO) claim that it is not his/her role to understand the accounting practice of the company as presented by the Chief Financial Officer (CFO) as in the case of Enron, World Com, and Health South?A legal and well-articulated policy that documents the responsibilities of the CEOs and the CFOs could have exonerated either party.e. By this I mean, organizations are aiming to function just like the way the nervous system operates. In defending its position regarding its document shredding policy, Arthur Andersen's case would have been much stronger if its policy development team had a representative from the legal department who ensured the legality of such a policy. The experimenter did not need to spray the new monkeys because, as soon as any new monkey proceeded towards the ladder, all the other monkeys attacked it simply for the fear of being sprayed. Now you may ask why those monkeys that had never been sprayed would attack their mates without any rationale for their acts.Five monkeys were placed in a cage.In conclusion, it is the responsibility of the managers and administrators to institute effective policy-based management that consistently educates the members of the organization on the value and rationale behind the policies.g. Are they doing things just because that is the way things are done or do they understand why they do them?What is a Corporate Policy?A corporate policy is a formal document that states specific rules that must be followed by members of an organization. He was a Principal AI Researcher and R&D Manager at British Telecom North America/Concert Global Communications (USA). 62) stresses the gravity of the losses incurred by organizations that mismanage information because the companies did not have or follow policies.The recent and ongoing accounting scandals among several well-established organizations could have been prevented had there been well-documented policies understood by those affected.Finally, all the original monkeys were replaced with new monkeys that had never been sprayed; yet all the monkeys attacked any monkey that dared climb the ladder. Her examples include: (a) Time Warner's loss of social security numbers for 600,000 employees while the storage tapes were in transit from the company to an external archive; (b) ChoicePoint lost sensitive customer data due to a security hole in the company's security policy; (c) Morgan Stanley lost $604 million because they were unable to produce email records to support their case.Policy-based management is based on the premise that the organization should be able to adapt dynamically to changing environments . This paradigm is now being given a new life in designing and managing complex organizations and systems. They had no clue as to the origin of the policy.(To get a complete description of this experiment, visit /5monkeys., policies on who and what to tell the media, how to keep their computer passwords, or policy on handling confidential information). Ask a sample of your employees how well they understand specific policies within the organization (e. Odubiyi is the author of Blueprint for a Crooked House-a book that reflects on the factors that caused the collapse of a $10 billion joint venture between AT&T and British Telecom. This experiment was repeated for several days.
