The atmosphere in the conference room had grown tense since the expressions of doubt.
Standing on the stage, the finance executive said hesitantly, โMr. Moss was correct. I only analyzed my department's income and expenses, neglecting a horizontal comparison of our market share against competitors. I will rectify this after the presentation.โ
โI donโt want to see this inadequate financial statement again,โ Simon Moss stated gravely.
The executive, embarrassed, remained silent. As senior management, he dared not oppose Simon.
Miguel Cooper intervened, โYou may conclude your presentation.โ He didn't disagree with Simon's assessment.
The presentation focused solely on internal group dataโa myopic approach. The market, the ultimate measure of a company's viability, had been ignored.
Simon's face darkened. โWe should disregard the next financial report. With all senior executives present, we must discuss the loss of the South Bay New Town project. This exemplifies our market competition failures. No matter our year-over-year or sequential turnover increases, we are losing market share!โ
Hannah sensed the gravity of the situation; this failure wouldn't be easily dismissed.
โMr. Cooper, this project's failure demands a thorough review. We must learn from this, or we will repeat the same mistakes,โ Simon insisted.
Before Miguel could speak, a senior executive agreed, โMr. Moss is correct. The South Bay New Town project was Kensbury City's largest in five years. We must reflect on our failings.โ
โThis is only part of the issue,โ another executive added. โThose responsible must be held accountable. Otherwise, project failures will become commonplace, eroding motivation and accountability.โ
The room erupted in discussion. Hannah remained silent, neither defending herself nor admitting fault.
Miguel spoke with measured seriousness, โThe South Bay New Town project's failure shouldnโt be attributed to any individual. It represents a company-wide lapse in responsibility. Hannah presented this project to senior management, and it was unanimously approved. We all share responsibility; it is not solely anyone's fault.โ
โMr. Cooper, your statement is righteous but biased,โ Simon countered. โHannahโs negotiation of this project was her responsibility, and she should be held accountable. Shouldnโt her competence be questioned? While we approved her plan, we only assessed its reasonableness. Determining market competitiveness is the responsibility of the assigned individual. Why else do we have these positions and employees, if not to utilize their expertise? We might as well do everything ourselves!โ
โHow do you propose to punish me?โ Hannah asked calmly, raising an eyebrow.
Miguel swallowed his words. He feared her silence, a potential blow to her morale, but trusted her ability to defend herself. He let her proceed.
Simon continued, โIโm stating facts, representing the companyโs position. The Cooper family is the major shareholder; you benefit most from the company's success. This isnโt a personal attack; itโs my duty.โ
โI understand,โ Hannah replied, โbut I donโt accept punishment. I believe I did my best.โ
โYou did your best, and you failed,โ another executive interrupted. โYou underestimated your competitors. Thatโs a fundamental business mistake. You canโt simply dismiss it.โ
โThe issue is your attitude,โ Simon declared angrily.
The room's attention turned to him. Wayne barely concealed his smug smile, eager to witness Hannahโs downfall.
Simon continued, โYou failed to report the projectโs failure and the reasons for it. Did you run away? You lack responsibility. Fortunately, your position is temporary. I would be gravely concerned about the company's future if you became vice president.โ
Hannah, having anticipated this, remained composed. Another shareholder declared, โI acknowledge Hannah's abilities but question her sense of responsibility. She's young and inexperienced; she needs time to mature. I suggest removing her as interim head and from the vice president candidate list.โ
โI agree,โ Simon stated immediately.
Hannah, unwilling to prolong the argument, asked, โWho do you propose to replace me? Wayne, perhaps, like his father?โ
Wayneโs excitement was tempered by Charlesโs advice to avoid hasty actions. He planned to let Hannah fall further, avoiding immediate replacement to avoid alienating management. He would bide his time, securing the vice presidency through merit and Charlesโs support.