Declan McCormack is a filmmaker who has spent much of the last five years documenting the successes and failures of business-oriented development projects in developing countries.
Much of the uneasiness centred around the failure of business customers to make up for lower spending leisure travellers.
To dismiss Marconi's collapse as a failure of business judgment but not of governance smacks of complacency, and raises fundamental questions about what good governance actually means.
The turnout and the yes votes are on a scale most MPs and ministers can only dream of – but it won't stop them blaming the drivers for what is a categorical failure of business to behave responsibly.
The sheer failure of business to make a proper case for itself, to explain the good it does, to describe how much worse off we'd be without it, is shocking – and depressing.
Whatever their age, the failure of business owners to set up a basic contingency plan to deal with their unexpected departure or other crises violates a basic tenet of good governance, consultants say.
"The problem in Silicon Valley is much more attributable to the failure of business models than to fraud, and there is big difference between fraud and honest failure," Mr. Grundfest said, noting that many dot-com and technology companies disclosed the risk they represented, and investors took the risks anyway, and knowingly.
But the man responsible, Nitin Nohria, who became dean of HBS in July 2010, says that "if it works, the FIELD method could become an equal partner to the case method".Long before he became dean, Mr Nohria lamented the failure of business schools to fulfil their mission of turning management into a profession similar to law or medicine.
Even today, many of China's largest companies are state-owned enterprises, and the Chinese Communist Party has extensive control over the success and failure of business in the country.
