well designed goals hold managers, coworkers, and subordinates accountable to one another

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It has been asserted “well designed goals hold managers, coworkers, and subordinates accountable to one another.” In this week’s case analysis we will look at the consequences of unrealized expectation. Review the case study linked below, then answer the following questions:
Fogarty, Timothy, Magnan, Michel L., & Markarian, Garen. Nortel: The Rise and Fall of a Telecommunications Company.
Describe the factors that contributed to the rise and fall of Nortel.
What mechanisms should be put in place to better align managers with the interests of shareholders?
Would you describe the meltdown of Nortel more as a failure of “people” or of “capital market processes”?
What happened to Nortel that is similar to what happened to WorldCom and Enron in the early 2000s, and to Lehman Brothers, Citigroup, and many other banks during the 2008 financial crisis?
Why do business people keep making the same mistake?
Discuss how to prioritize the following remedies to stop such recurrences: business education, regulation of accounting/financial markets, regulation of incentives, or regulation of punishment.
FORMAT OF PAPER
1. Cover Page showing your name and title of paper.
2. Very short one paragraph introduction where you identify the issue and state your result.
3. Very short facts section. All facts must have proper APA citations.
4. No more than three pages of text where you answer the questions.
5. A short conclusion where you tie up your answers into a concise conclusion.
6. A citation page.
APA format is mandatory. Review this format before completing assignment.
YOUR SUBMISSION SHOULD BE NOT MORE THAN FOUR PAGES OF TEXT. PLEASE BE CONCISE. THIS EXERCISE WILL BE UPLOADED TO THE INSTRUCTOR.

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