Case 8-4.docx - 1 A How was mismanagement at krispy kreme...

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1. A. How was mismanagement at krispy kreme reflective of leadership failure Honesty, courageousness, accountability, empathy trustworthiness, respect, proactiveness The top management at Krispy Kreme failed to withhold honesty, courage, accountability, empathy, trustworthiness, respect, and proactiveness in their financials. The management allowed franchise and acquisition deals to take place that were against accounting standards making them untrustworthy and dishonest. They were not proactive in ensuring the reliability of their financials. They lacked courage because they were scared of their inability to meet financial goals. B. Describe the financial shenanigans used by krispy kreme. In this regard, is earnings management always a sign of failed leadership? The financial shenanigans used by Krispy Kreme include channel stuffing and recording revenue of questionable quality. Krispy Kreme was sending a regional manager double orders to increase sales and then made the regional manager return them the following week for credit. They were also
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