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Ldr Week 1 Assignment

677 words - 3 pages

The downfall of Enron is one of the most memorable and unexpected events in U.S. financial history. The repercussions were felt around the world. The Enron Corporation was one of the most admired companies in the world at the time of its downfall. The company had revenues of over 139 billion dollars. The Enron Corporation was praised by outside sources, but on the other hand the company had a lot of internal issues.

Enron was one the largest companies that dealt with global energy as well as services and goods. The company also dealt with natural gas and electricity. The company was originally based in Houston, Texas. Even at the beginning of its existence Enron had some very ...view middle of the document...

The management at ENRON failed to fulfill the key elements of running a successful corporation. Some of those interests include making sure that the company is run in an ethical manner. Ethics, which is essential part to any reputable organization, is something that was obviously missing from ENRON. Ethics would have stopped some of the leaders from making the decisions that they did, which eventually led the company to bankruptcy.

I believe that main philosophy of operations management should be focused on creating ethical values, competence, a strong sense of integrity, and most importantly a clear model of personal accountability. This aspect of leadership was definitely looked over by those involved at ENRON .Individual and corporate greed brought about the collapse of ENRON. The intent of the company was not always focused on greed. In fact the company actually took some steps to prevent its ethical structure from breaking down. The Enron Chief, by the name of Skilling, actually founded the Performance Review...

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