An important question for human resource development (HRD) concerns how its practices may have contributed to the global financial crisis. Commentators have highlighted that HRD must take some of the blame. First, we consider whether HRD's traditional role of contributor through performance-based development interventions, may have facilitated questionable practices in organizations. Second, we reflect on whether HRD was an irrelevant spectator through being benign and impotent; rather than challenging the status quo in organizations. Third, we contemplate the protagonist role and argue that HRD practitioners pursued short-term performance-based wealth maximizing objectives with scant regard for the long-term organizational or societal impact. We conclude by considering how HRD scholars can engage tomorrow's business leaders in critical reflection and how HRD practitioners can pursue a strategic decoupling position which allows for challenging the status quo without alienating their professional status in the organization and ethical standing in practice.

The Problem The Global Financial and Economic Crisis1 starting in 2007 and its resultant impact has called into question the contribution of Human Resource Development (HRD) strategies and practices to the crisis. With its primary focus on the development of human resources, it could be argued that HRD aligned itself too closely with the strategic goals of organizations, often times profit centric, and failed to provide leaders with the skills, knowledge, and values required to question the decisions made by organizations in the pursuit of profit goals and the development of a culture of risk taking. The Solution Utilizing Cognitive Appraisal Theory (CAT), this article draws on the official reports and public inquiry hearings in the United States, United Kingdom, and Ireland into the financial crisis and finds that HRD strategies, practices, and processes are factors which may have contributed to a culture of excessive risk taking and ineffective decision making. We outline the implications for HRD theory and practice. The Stakeholders The research findings inform a multiplicity of stakeholders including organizational behaviorists, social psychologists, government bodies, educational organizations, and scholars researching strategic HRD in organizations.

We review the literature on dysfunctional behavior in organizations and illuminate the potential contribution of human resource development (HRD) to manage such behavior and contribute to strong governance and compliance. The impetus for this article comes from evidence of dysfunctional behavior in banking and financial organizations in many countries in recent times. We define dysfunctional behavior at individual, organizational, and institutional levels of analysis and propose a model of HRD to address dysfunctional behavior at these levels. HRD potentially plays four key roles in the context of managing and/or preventing dysfunctional behavior: development of employee awareness and skills; effective governance of HRD practices, structures, and delivery mechanisms; development of an ethical governance culture and climate and a more far-reaching role than that of organizational governance and agency mediation that minimizes the possibility of dysfunctional organizational behavior. We conclude with a discussion of HRD research and practice implications.

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