By Carmi Levy

In the wake of a University of Ottawa study released this week that suggests Nortel was brought down by a “culture of arrogance”, Canadian businesses have much to learn from the largest corporate bankruptcy in Canadian history.

The three-year study, which is based on 343 surveys and 133 interviews involving Nortel leaders, competitors, consultants and other stakeholders, is the most comprehensive to-date of Nortel, which entered bankruptcy in 2009 after a nearly two-decade run that saw it grow into a global telecom giant before being undone by a series of compounding decision-making failures.

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