Explain a problem in your organization enron scandal

Assignment Help Management Information Sys

Reference no: EM133403283

Assignment:

Technical Report

Need to develop a workshop for the entire class. The workshop should cover topics in leadership that we have studied on the class, contained a case study that explain a problem in your organization Enron scandal. You can use the medium of their choice to communicate the content and deliver the learning outcomes.

You should complete the following:

Problem statement

A scandal that exposed massive financial record-faking, corporate dishonesty, and falsifying the company's prosperity led to Enron's downfall. To cover up the falsity of their accounting information, they employed a variety of dishonest and fraudulent accounting techniques.

Problem Analysis

Initial consequences included credit rating agencies downgrading Enron's credit rating to junk status, which led to the company's stock price plummeting to $0.6 and declaring bankruptcy in 2006. In addition, Prisma Energy, the company's final subsidiary, was sold in 2006.

Kenneth Lay, the company's founder and former CEO, as well as Jeffrey Skilling, the former CEO who succeeded Lay, were both convicted for fraud and conspiracy in 2006 and found guilty.

Applied Theories and Strategies

Briefly discuss the theories and strategies that you benefit from this course in order to overcome the current problem in the organization.

Proposed plan and milestone

Discuss the proposed action plan that reflect the above theories and strategies in order to solve the described problem.

Include timeline for your plan

Plan prerequisite

Discuss the elements and conditions that should be met before executing the above plan

Risk analysis

Challenges and Obstacles.

How to deal with challenges and manage risks.

Reference no: EM133403283

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