Behind Closed Doors at WorldCom: 2001 1. Two General Accounting employees—Dan Renfroe and Angela Walter—made journal entries in the amount of $150 million and $171 million‚ respectively‚ without detailed support. It was noted that this was not out of the ordinary at WorldCom. In your opinion‚ was this a proper accounting practice? Explain. Though this may not be out of the ordinary for WorldCom‚ this is not a correct accounting practice. The way the entries were made does not comply with the proper
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Management – A Multidisciplinary Approach Chapter 5 – Why Should a Business Manager Be Moral? • If we want others to worry about whether their treatment of us is right and just and fair‚ then we have to worry about our treatment to them – this is called reciprocity (exchange) • Our concern for the quality of our own lives Trust‚ Commitment and Effort • Trust‚ Commitment and effort is a 3rd moral action by managers that is build among all people (individuals‚ groups
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for minority member’s affirmative action was put in place. Affirmative action is the outcome of a Civil Rights movement. It purpose was to cure discrimination‚ so people could uphold higher education and more job opportunities. The Criteria is race‚ disability‚ gender‚ ethnic origin‚ and age (Editors of Encyclopedia Britannica‚ 2017). Affirmative action is an action favoring those who tend to suffer from discrimination mostly from employment or education. This action was passed when there was heavy
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THE MANAGER: OMNIPOTENT OR SYMBOLIC? How much affect does a manager inflict on an organization’s outcome? There exist two traditional views about this question. * OMNIPOTENT VEIW OF THE MANAGER: According to this view‚ the manager has the ultimate power. They are held responsible for the success or failures of the entire organization. * SYMBOLIC VEIW OF MANAGEMENT: As per this view‚ the outcomes of the organizations are basically influenced by the external factors‚ whereas the
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clsa.com Indian entrepreneurs Contents Foreword .............................................................................................3 Banking on people ................................................................................5 Dhirubhai Ambani‚ Reliance group......................................................... 11 NR Narayana Murthy‚ Infosys ............................................................... 15 Anand Mahindra‚ M&M .........................................
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Conflict in Ethical Decision Making at WorldCom Kerry Seeley Business Ethics MT4200 National American University September 25‚ 2007 Craig Chaplin Abstract This paper explains how WorldCom began and where it’s at now. It didn’t take long for WorldCom to become the second largest long distance phone company. WorldCom provided a legal framework for people working in communication projects on an individual basis‚ mainly in Central America‚ but they also developed projects together with partners
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WorldCom: Organizational Culture and Unethical Safeguards Organizational culture is one of four influences whether an ethical or unethical behavior will be made. WorldCom’s demise‚ deliberately overstating their income by $7 billion between 1999 and 2002; and their once valued stock of $180 million becoming nearly worthless‚ can attribute a significant amount of their failure on their “dis”organizational culture. Corporations worldwide who do not think this type of fraud can happen at the hands
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Ontology and epistemology 2.3.1.1 Lyotard and the meta-narrative 2.3.1.2 Derrida and the concept of différance 2.3.1.3 A postmodern communication model 2.3.2 Purpose of postmodern organization theory 2.3.3 Methodology 2.4 Conclusion iii iv 1 1 3 3 3 4 5 6 7 7 7 9 9 11 11 12 12 13 14 14 15 16 16 17 18 18 19 20 21 21 22 25 Table of contents ii 3 Organizational structures 3.1 Terminology 3.1.1 Organization 3.1.2 Organizational structure 3.1.3 Structure versus process 3.2 Market – network –
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1.1 Why are managers needed in an organization? What is their main goal? Well‚ congratulations on completing the first block of this course – Strategy. We can think on Strategy as a high level plan for achieving firm’s goals under conditions of uncertainty and continuous change. Now‚ what is the connection between Strategy and Management? It is simply the firm’s goals. The role of management is to move and guide firm toward goal accomplishment. During the Strategy block‚ we learned that every company
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star-ranking a hotel is‚ the customers still expect the very basic quality services from it. Background of the Study Upon joining the managerial ranks of an organization‚ aspiring manager must possess certain skills that will enable them to perform their tasks successfully. In many ways‚ the skills that managers possess in the organization are the most valued resources of the organization. Poor managerial skills can defeat the most successful activities and in many cases can lead to the demise
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