previous readings of Organizational Behavior (2011)‚ the authors‚ Stephen P. Robbins and Timothy A. Judge discussed‚ at length‚ the many elements of societal culture. Of those elements‚ the roles of personality‚ values‚ and their effect on the group dynamic‚ dominated the discussion. The following‚ however‚ will discuss how societal culture relates to structure of organizations‚ particularly as it pertains to work design. The relationship between societal culture and organizational culture will also be examined
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UVA-F-1299 Rev. Feb. 8‚ 2011 This document is authorized for use only by Mattia Tenaglia at Tecnologico de Monterrey. Please do not copy or redistribute. Contact permissions@dardenbusinesspublishing.com for questions or additional permissions. ENRON CORPORATION’S WEATHER DERIVATIVES (A) Everybody talks about the weather‚ but nobody does anything about it.1 In October 2000‚ Mary Watts‚ the chief financial officer of Pacific Northwest Electric (PNW)‚ a utility servicing the Pacific Northwest
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Challenges of the Enron Organization LDR 531 October 21‚ 2010 Doreen Gournaris Introduction To be effective as a team‚ team members need to communicate with each other. Enron lacked good leadership within their organization and the leaders in executive levels allowed accounting fraud and decentralized corporate departments. Enron’s team was faced with communications‚ collaboration and conflict management and top leadership had issues dealing with this situation. This paper will (1) describe
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The Enron and World Com Scandals Enron 1. The board directors failed their fiduciary obligation to protect their shareholders‚ employees‚ and business partners by allowing high risk accounting‚ inappropriate conflict of interest‚ expenses undisclosed off the books activity‚ excessive compensation‚ and lack of independence between the company‚ and board members. I feel the segment that got Enron into trouble was the Executive and finance committee (Brooks). 3. I do believe that they
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Enron and How it Affected the Accounting Industry Enron once was one the United States largest energy company and was ranked Fortune’s seventh richest corporation in the United States. When Enron had a filed for Chapter 11 bankruptcy in 2001 it unraveled to be one the biggest accounting scandals in United States history. There are many factors that contributed to Enron’s demise but their aggressive and unethical accounting practices were the key component. As a result‚ the accounting industry
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Culture Values and Ethics Shana S. Brown COM 525 Managerial Communications and Ethics Instructor: Jerry Barkley University of Phoenix-Charlotte Campus February 28‚ 2005 Cultural Values and Personal Ethics I will be discussing how I make decisions‚ based on my cultural values and personal ethics to interact with people of different cultural values and ethics in society and the workplace without conflict. According to Peters (2003)‚ "Personal ethics have been defined as principles of good
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CASE STUDY – UNIT 1 1. Andrew Fastow is a key person responsible for the downfall of Enron. When he became the CFO in 1998‚ he came up with the plan to make the company appear in great shape by using the mark-to-market accounting practice. The company would build an asset‚ such as a power plant‚ and immediately claim the projected profit on its books‚ even though it hadn’t made one dime from it. If the revenue from the power plant was less than the projected amount‚ instead of taking the loss‚ the
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The role management should play in the workplace psychology according to Ayame Nakamura situation. Even though she is a manager‚ she has a manager‚ and that person should approach Ayame with respect for her different cultural background. Although Ayame may feel inferior‚ due to the confrontational nature of the job. Do not let that stop you‚ because there should be a barrier broken with a big respect for diversity. A manager over another manager should be able to praise the manager on the good things
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Business Strategy Enron Case Study 09/08/12 Enron Case Study: From Company to Conspiracy 1. What is the History of Enron‚ and what current situation does it find itself in? Enron was created by a combination of companies. These companies were Houston Natural Gas and InterNorth. These companies were merged together in July 1985. CEO of Houston Natural Gas‚ Kenneth Lay became chairman and CEO of the combined company. This happened in February 1986. The company changed its name to Enron on April 10th
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HR Functions and Organizational Ethics HRM/427 Dr. Donovan Lawrence September 5‚ 2010 Human Resources professionals are responsible for several roles in the workplace‚ including implementing and managing policies‚ recruiting and retention‚ and training and development. The HR department is responsible for making sure that organizations conduct business ethically and that shareholders are treated ethically. The HR department must be able to monitor compliance with federal and state
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