This website uses cookies to ensure you have the best experience. Learn more

The Failure Of Enron 1 Essay

806 words - 4 pages

Business Failure
Name
LDR 531
August 31, 2010
Professor Name

The failure of Enron was predictable in light of its organizational structure and management styles. Poor management selection, disregarding prior illegal acts, and ignoring numerous warning signs all contributed to the failure of Enron. By recruiting honest employees and establishing strong leaders, companies can develop a strong organizational structure.
What Happened at Enron
The failure at Enron began when investors, bankers, and credit rating agencies lost confidence in the company and plunged it into a liquidity crisis. According to reports, the crisis might have been averted if top-level management had better ...view middle of the document...

The most efficient structure depends on the industry in which the organization operates. Additionally, a design structure should evaluate control, types of formalization, decentralization, planning systems, and matrix structures. According to Mintzberg, Lampel, Quinn and Ghoshal (2003), “these and other elements of organizational design should logically configure into internally consistent groupings.”

Leadership and Management at Enron

Organizational behavior is the study of employee’s actions and how those actions influence the company. These influences can improve the company’s effectiveness and productivity (Robbins & Judge, 2007). Today’s workforce is changing dramatically, with increased women workers, foreign nationals and individual’s working longer hours. With such great changes, understanding organizational behavior has never been more important for managers.
Leaders within an organization have the ability to influence collogues leading to enthusiastic commitments or indifferent obedience (Yukl, 2006). As leaders within a firm, managers have the responsibility to maintain a code of ethics at all times. Mangers need to provide an ethical work environment, which allows employees to work productively without wasting time deciding what constitutes right and wrong behavior. This behavior will be mirrored by employees and ensure the firm maintains an honest relationship with stockholders, directors, and top-level management. The company should offer training, seminars, and workshops to improve ethical behavior and stress the importance of maintaining this behavior at all times. Additionally, managers have the responsibility to ensure the company is functioning properly and that it’s...

Other Essays Like The Failure of Enron 1

The Theme Of Failure As Presented In Das Boot

1061 words - 5 pages The Theme of Failure as Presented in Das Boot     "When 'Das Boot' was first released in the United States, its running time was 145 minutes, and it won huge audiences and no less that six Oscar nominations-unheard of for a foreign film." The genius of Wolfgang Petersen's "Das Boot" is that to Americans it is considered a foreign film indeed; not only in the sense that the film is from Germany, but because the film offers a unique

Case Study on the Failure of Starbucks in Australia

1179 words - 5 pages Case study on the failure of Starbucks in Australia Name () Tutors () Course () Date () History of Starbucks Starbucks is the largest coffee chain operator in the world. Founded in North America in 1971, Starbucks took a great leap in its growth in 1992 by having 140 stores with a growing store count of an extra of 40-60 percent a year. It has grown further to command the largest share in the international coffee market having penetrated in 44

The Consequences Of The Failure Of The League In The 1930s

1659 words - 7 pages The Consequences of the Failure of the League in the 1930s The league was, overall, a failure. There were numerous reasons for why the league failed in the 1930s. These included the self-interest of leading members, economic sanctions did not work, America and other important countries were absent, the league had to cope with a lack of troops, the treaties it had to uphold were seen as unfair and also, the decisions

The Weimar Republic's Failure And Hitler's Gain Of Power In 1933

850 words - 4 pages The Weimar Republic's Failure and Hitler's Gain of Power in 1933 After the failure to win World War I, Germany was faced with a new government, the German people hoped that this government would set Germany on its way to recovery in terms of economically and as a country. The new government was set up in a small town outside Berlin; this is where the government took its name from. The Weimar republic was formed in 1918

Worldcom’s Chief Executive Officer’s Failure of Responsibilities Reshaping the Business Environment

1491 words - 6 pages Running head: WORLDCOM FAILURE RESHAPING BUSINESS WorldCom’s Chief Executive Officer’s Failure of Responsibilities Reshaping the Business Environment WorldCom’s Chief Executive Officer’s Failure of Responsibilities Reshaping Business Environment Bernie Ebbers’ leadership as Chief Executive Officer for WorldCom created the largest telecommunication bankruptcies and the largest bankruptcy in the corporate world. His unethical

Portfolios of the Poor Chapters 1-3

713 words - 3 pages Chapter 1- About 2.5 billion people live on less than two dollars a day. Two dollars a day does not mean literally mean “two dollars a day.” It is an average over time. Those who live on so little seek to manage their money. They save as much as they can and borrow when they need to. “Money management, for the poor [is] a fundamental and well-understood part of everyday life” (3). -The authors conducted studies that they called financial

Evaluate the Success of Dietary Restraint Theory in Explaining the Success or Failure of Attempted Weight Control

2983 words - 12 pages food intake. Appetite, 49 (1), 100-108 Lawson, O.J., Williamson, D.A., Champagne, C.M., DeLany, J.P, Brooks, E.R., Howat, P.M., et al. (1995). The association of body weight, dietary intake, and energy expenditure with dietary restraint and disinhibition. Obesity Research, 3, 135-161 Lowe, M.R. & Kleifield, E.I. (1988). Cognitive restraint, weight suppression, and the regulation of eating. Appetite, 10, 159-168 Lowe, M.R. (1993). The

"How Useful Is The Source, Dark Palace, By Frank Moorhouse To A Historian Studying The Depth Study, The Failure Of The Leagur Of Nations"

1157 words - 5 pages How useful is the source Dark Palace by Frank Moorhouse to a historian studying the failure of the League of Nations.To determine whether or not the source, Dark Palace, is useful to a historian, the source perspective, interpretation, information, reliability and relevance to the depth study must be taken into account. Dark Palace by Frank Moorhouse is a historical fiction novel about a lady named Edith, who works for the secretariat within the

Examine the Provisions and Principles of International Accounting Standard 1 (Ias 1)

2070 words - 9 pages CAPE COAST PLOYTECHNIC NAME: GABRIEL NMAI REG. NO: 021201226 COURSE: HND ACCOUNTANCY CLASS: ACCOUNTING 1B TITTLE: PRINCIPLES OF FINANCIAL ACCOUNTING ASSIGNMENT RESEARCH QUESTION EXAMINE THE PROVISIONS AND PRINCIPLES OF INTERNATIONAL ACCOUNTING STANDARD 1 (IAS 1) What is IAS 1? The International Accounting Standards Board (IASB) provides a conceptual framework for the preparation and presentation of financial

Chapter 1 the Nature and Purpose of Accounting

5166 words - 21 pages CHAPTER 1 THE NATURE AND PURPOSE OF ACCOUNTING Changes from Twelfth Edition The chapter has been updated. Approach On the first day, the usual objective is to create interest in the subject, to set the scene, and to give an overview of the course. The first part of the chapter does this. The second part of the chapter gives a fairly specific introduction to the nature of financial accounting. Instructors probably may want to bring

Chapter 1 Analysis Of The Great Gatsby By Fitzgerald

1511 words - 7 pages Chapter 1 Analysis of The Great Gatsby by Fitzgerald The Great Gatsby- this title is merely an adjective or epithet for the main character of the story, which brings about the importance of characterization in the book. Fitzgerald has a rather unique style of characterization in his writing- especially in this book. His use of irony, strong diction and symbolism plays a significant role in conveying his certain

Related Papers

The Failure Of Culture Essay

1130 words - 5 pages . Therefore, Scuglia[1] implies that we have to choose between the prepatriarchialist paradigm of reality and subdialectic rationalism. If textual narrative holds, the works of Joyce are an example of constructivist nihilism. In a sense, the subject is contextualised into a pretextual paradigm of narrative that includes reality as a paradox. The primary theme of the works of Joyce is not, in fact, discourse, but subdiscourse. Thus, the subject is

The Failure Of Xerxes’ Invasion Of Greece

2157 words - 9 pages factor in the failure of the campaign. Even so, Xerxes had good reason to attack. The Greeks were in a state of “acute alarm” (8.70) at the presence of the Persian fleet and the advancement of the Persian army through Attica. The Greeks were disunited. Word of this reached Xerxes, who was led to believe that the Greeks would offer no opposition. He decided to attack at dawn. The Persian’s plan relied heavily on surprise. In the night the

The Management Failure Of Tyco International

1191 words - 5 pages Management Failure of Tyco International Felecia Robinson Organizational Leadership/531 University of Phoenix April 12, 2010 Alejandro Medina Introduction Tyco International was founded by Edward Breen in 1960 (Wikipedia, 2007). According to Wikipedia, (2007), Tyco International’s operational headquarters is in Princeton, New Jersey, and employs 247,900 employees. Dennis Kozlowski became the CEO in 1992, leading with

The Enron Implosion And The Loss Of Respect For The Accounting Profession

5643 words - 23 pages proverbial “ship” of Enron had struck the iceberg that would eventually sink it. On October 16 Enron announced its first quarterly loss in more than four years after taking charges of $1 billion on poorly performing businesses. The company terminated the Raptor hedging arrangements which, if they had continued, would have resulted in its issuing 58 million Enron shares to offset the company’s private equity losses, severely diluting earnings. It also