Enron Questions 1. How did Enron’s corporate culture contribute to its bankruptcy? Enron’s corporate culture was greedy and arrogant. Arrogance and pride are what mostly contributed to the downfall of Enron. Employees made money for the executives. The company was thought of as a leading company‚ and imagined to be invincible. Once funds were gambled away‚ and the whole got deeper‚ more funds were gambled to attempt to create liquid assets to pay off debt. Eventually‚ it all ran out.
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Functionalism is the original and still dominant discipline of thought in the social sciences. As a construct of two forms of scientific investigation: the scientific approach and viewing the individual as a part of a social organism or social whole‚ the scientific method considers society as an objectively observable and "real" entity that is suitable for methods and philosophies that guide examination and study of the physical world. The 17th century philosopher‚ Thomas Hobbes‚ believed that humans
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Conflict and critical theories try to look at the classes created by society‚ and how those in power try to keep their power through oppression of the lower classes. Critical theories examine the structures in place that give certain individuals opportunities and advantages‚ while leaving others in a disadvantaged position (Deutschmann‚ 2007: 368-369). The rules in a society are devised by those in power‚ and are used in order to regulate those who are powerless in that society. The rules are skewed
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Muzafer Sherif collaborated with graduate student to hold a series of experiments to test one of doctor Sherifs ideas know as the realist conflict theory. This theory has to do with in group conflict‚ stereotyping and prejudices. The most famous of and significant of his experiments was at Robbers Cave national park in 1954. Doctor Sherifs main idea was that conflict arises between groups when they are competing for limited resources. His experiment involved 22 children between the ages of 11 and 12
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sexual purposes and lose control over their lives because they are taken advantage of. The conflict theory is described by pervasive inequality based on social class‚ race‚ gender‚ and other considerations. This theory is very prevalent in sex trafficking because the “Johns” take complete control over the victims by threatening them with their lives. Theoretical Explanation of Social Problem The conflict theory is
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Q1- Who were the key stakeholders involved in‚ or affected by the collapse of Enron? How and to what degree were they hurt or helped by the actions of Enron management? Ans- The key stakeholders affected by the collapse of Enron were its employees and retirees. Stakeholders and mutual funds investors lost $ 70billion market value. Banks were also affected by the meltdown of the company. They included big banks like J P Morgan Chase and Citigroup. Not only the stakeholder and bondholder lose out
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(a )Sociological concepts and theory: You must know what the terms mean Social order Social change Conflict Consensus Social structure Social action The role of values Relationship between sociology and social policy (b ) Methods of sociological enquiry. You must understand the range of methods and
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Discuss the extent to which the role of the family in modern society can be explained by the conflict approach. The conflict theory is a Marxist perspective; they believe that the different classes within society create a divide with the powerful‚ wealthy ruling class exploiting the poor‚ working class. They argue that the modern family is the main reason for this and so it is a bad thing for society. Karl Marx identified three ways in which the family unit benefits the capitalist society. One
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The most common theories are rational choice‚ trait‚ social process‚ social conflict‚ critical criminology‚ restorative justice and developmental. Rational choice theory was the view that crime is a function of a decision-making process in which the potential offender weighs the potential costs and benefits of an illegal act. The trait theory is the view that criminality is a product of abnormal biological and/or psychological traits. Social process theory is the view that criminology
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to do with the meltdown at Enron had no ethical standards. Enron had a lack of accounting transparency‚ which enabled the company’s managers to make their financials look much better than they actually were. I believe that Kenneth Lay got rid of several million shares of Enron stock and made over a billion dollars. While the Enron employees lost their jobs‚ the money in their pension funds as well as any money they invested into the company. Not only did Enron damage the lives of their employees
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