Enron's Business Ethics Failure
Content
1. Overview ............................................................................................3
2. The Fall of Enron ...............................................................................4
3. Enron's ethical dilemmas ..................................................................6
4. Conslucions .......................................................................................7
5. Bibliography ......................................................................................8
1. Overview
The goal of this report is to analyze business ethics in the context of the Enron scandal.
Enron scandal became a classical example of how a major disregard for ethics and law occurred. It becomes obvious that the institution of business education has not paid a sufficient amount of attention in ethical guidance in executive management, before Enron's bankruptcy.
Multiple business principles are involved in the rise of fall of Enron. In order to succeed in today's evolving global market, organizations must adopt business principles and practices of knowledge sharing, shareholder protection and ethical business practices.
Currently, business ethics are considered to be very important, but there are still many organizations that do not engage in ethical behavior, not toward their employees and not toward other companies they work with, such as distributors and suppliers.
The behavior of Enron represents the need of organizations to evaluate their business practices from the bottom up, in order to design an organizational culture as well as organize the management team that will be committed to the benefit of all stakeholders.
This report will look at how Enron failed in various business practices including organizational development, business ethics, organizational culture. The report will specify how traditional business ethic codes were violated and lead the organization to bankruptcy.
As a
1. Overview ............................................................................................3
2. The Fall of Enron ...............................................................................4
3. Enron's ethical dilemmas ..................................................................6
4. Conslucions .......................................................................................7
5. Bibliography ......................................................................................8
1. Overview
The goal of this report is to analyze business ethics in the context of the Enron scandal.
Enron scandal became a classical example of how a major disregard for ethics and law occurred. It becomes obvious that the institution of business education has not paid a sufficient amount of attention in ethical guidance in executive management, before Enron's bankruptcy.
Multiple business principles are involved in the rise of fall of Enron. In order to succeed in today's evolving global market, organizations must adopt business principles and practices of knowledge sharing, shareholder protection and ethical business practices.
Currently, business ethics are considered to be very important, but there are still many organizations that do not engage in ethical behavior, not toward their employees and not toward other companies they work with, such as distributors and suppliers.
The behavior of Enron represents the need of organizations to evaluate their business practices from the bottom up, in order to design an organizational culture as well as organize the management team that will be committed to the benefit of all stakeholders.
This report will look at how Enron failed in various business practices including organizational development, business ethics, organizational culture. The report will specify how traditional business ethic codes were violated and lead the organization to bankruptcy.
As a
Bibliography: 1. www.ethicsweb.ca/resources/professional/codes-of-ethics.html 2. http://www.npr.org/ 3. Harvard Business Review, Strategy and Society: The Link Between Competitive Advantage and Corporate Social Responsibility; 2006 4. Harvard Business Review, The Ethical Mind: A Conversation with Psychologist Howard Gardner; 2007