Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
For many people, a company called Enron Corporation still ranks as one of history's classic examples of ethics run amok. During the 1990s and early 2000s, Enron was in the business of wholesaling natural gas and electricity. Enron made its money as the intermediary (wholesaler) between supplier, and customers: Without getting into all the details, the nature of Enron's business and the fact that Enron didn't actually own the assets-meant that its profit statements and balance sheets listing the firm's assets and liabilities were unusually difficult to understand. It turned out that the lack of accounting transparency enabled the company's managers to make Enron's financial performance look much better than it actually was. Outside experts began questioning Enron's financial statements in 2001. In fairly short order, Enron collapsed, and courts convicted several of its top executives of things like manipulating Enron's reported assets and profitability. Many investors (including former Enron employees) lost all or most of their investments in Enron. In Enron's case, this breakdown is perhaps more perplexing than usual. As one writer said, "Enron had all the elements usually found in comprehensive ethics and compliance programs: a code of ethics, a reporting system, as well as a training video on vision and values led by [the company's top executives]".Experts subsequently put forth many explanations for how a company that was apparently so ethical outwardly could actually have been, raking so many bad ethical decisions without other managers (and the board of directors) noticing. The explanations ranged from a "deliberate-concealment of information by officers," to more psychological ex-nations (such as employees not wanting to contradict their bosses) the "surprising role of irrationality in decision-making."But perhaps the most persuasive explanation of how an apparently ethical company could go so wrong concerns organizational culture. --- reasoning here is that it's not the rules but what employees feel they should do that determines ethical behavior. For example (speaking in general, not specifically about Enron), the executive director of the Ethics Officer Association put it this way: "We're a legalistic society, and we've created a lot of laws. We assume that if you just knew what those laws meant that you would behave properly. Well, guess what? You can't write enough laws to tell us what to be doing all times every day of the week in every part of the world. We've got to develop the critical thinking and critical reasoning skills of our people because most of the ethical issues that we deal with are in the ethical gray areas.
1. What are the unethical practices which are responsible for collapsing Enron.
2. Describing some significant ways to promote ethical behavior in organization's culture.
Explain the processes involved in undertaking a risk management assessment and preparation of a risk management plan
Comment on the materiality of such percentages to accountants and auditors.
What metrics /indicators is appropriate for measuring and reporting the environment, economy, and social dimensions in sustainable supply chain.
Explain the factors that motivate you and recall a situation in past where you participated in either a group endeavor or an individual project that you spent a lot of time on and had a very positive outcome.
They also expect to sell the facility at the end of five years for an after-tax salvage value of $5,000,000. Its cost of capital is 20 percent.
organizational renewal and transformation applea a better definition for organizational renewal and organizational
If the market price for milk is $15.13, market demand is: (Round to the nearest whole unit of milk)
How does, or could, your company use computers to improve operations? What has the company done to ensure the integrity of data stored in electronic format?
The difference between a merger and an acquisition
Imagine your learning team is the human resources management team at the Patton-Fuller Community Hospital virtual organization
A major discovery of oil in North Dakota leads to the creation of a tremendous number of high-paying jobs. The _____ (supply or demand?) _____ of loanable funds shifts to the __ (right or left?) ___. Q5B.)
As a professional in the real world, you will need to research and understand various aspects of Business applications. Basic statistical analysis can be used to gain an understanding of current problems.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd