The Enron Collapse By: Jeff Porter Kevin Clark Jared Sabelhaus February 18‚ 2005 Introduction Companies have mission statements that often read like inspirational leaflets. Enron’s mission was at first to be the world’s greatest energy company then later revised in early 2001 to be the “world’s greatest company”. In the late 1990’s‚ Enron seemed to have accomplished their mission accumulating vast amounts of assets‚ had the intellectually elite at the helm‚ a political climate in their
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Taysia Vega Organizational Ethics ETH/316 John Bevell February 9‚ 2015 Ethical standards play an important role in the structure and foundation of any successful company. Ethics is the study of what is right and wrong or what is good and bad. It is important to have a company or organization that holds its ethical standards very high. Not only do you want to make sure that the company that you work for is following all the laws that it needs to‚ you want to be sure that they also respect human
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Organizational Culture & Innovation Author: Name of Institution: Abstract Organizational culture entails a pattern of behavior that an organization or its member has‚ consistent with the ideals of that organization. Organizational culture can at times become a liability when it becomes a hindrance to change and improvement. The norms and the values that members of the organization internalize can lead them to resist change. This is especially so when that change seems to be in conflict
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------------------------------------------------- Organizational culture Organizational culture is the behavior of humans who are part of an organization and the meanings that the people attach to their actions. Culture includes the organization values‚ visions‚ norms‚ working language‚ systems‚ symbols‚ beliefs and habits. It is also the pattern of such collective behaviors and assumptions that are taught to new organizational members as a way of perceiving‚ and even thinking and feeling. Organizational culture affects the way
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INTRODUCTION Culture is the way of life. Societal culture consists of the assumptions‚ beliefs and values acquired and held by the majority of people in a geographical area (Sinha 1991). The word culture derivative of Latin Word ‘Culture’ Steaming “COLERE” means to cultivate. Culture first appeared in the Oxford English dictionary around 1430 it meant “Cultivation” or “tending the soil” based on the Latin culture. In 19th century ‘Culture’ was associated with the phrase “high culture” meaning the
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acknowledge that organizational culture plays an increasingly essential role in a successful company. However‚ in the meanwhile whether organizational culture should be changed constitutes a controversial issue. Many managers assert that organizational culture must be changed while few others argue that organizational culture needs not to be changed. As far as I am concerned‚ I am in favor of the former view. In this essay‚ firstly‚ I will talk about what is organizational culture and what do organizational
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Information Technology team for providing me with the internet and facilitating my research. Aim of the report: The report will be formulated on the basis of two topics‚ Organizational Culture and Conflict. In the report the author intends to bring out the meaning‚ reasoning and depth of the above chosen topics by means of case studies and incidents which take place or have taken place in organizations. Such a method would help bring out the nature of the above terms as we have known them theoretically
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backgrounds stand out as a key issue. It is the same case when referring to the development of organizations and companies. Multinational corporations are playing an essential role in the global economic development and more and more companies are building their branch companies in other countries. Therefore‚ the organizational cultures of other countries become a significant topic that the managers are supposed to consider seriously‚ as the organizational cultures are not the same with that in their own country
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Enron Summery of Enron case The Enron scandal has far-reaching political and financial implications. In just 15 years‚ Enron grew from nowhere to be America’s seventh largest company‚ employing 21‚000 staff in more than 40 countries. But the firm’s success turned out to have involved an elaborate scam. Enron lied about its profits and stands accused of a range of shady dealings‚ including concealing debts so they didn’t show up in the company’s accounts. As the depth of the deception
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Organizational Culture Organizational Behavior in Globalized Context 1. What is the relationship between an institutional system and an organizational culture? The process when an “organization takes on a life of its own‚ apart from its founders or members‚ and acquires immortality” is called institutionalization by Robbins and Judge. That means that the organization in itself does not change even if the founder dies or important managers leave the company‚ it will remain basically the same
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