Enron Case Study A company’s leadership and culture influences its business ethics. A company’s culture is known as the organizational culture. It is the actions and beliefs of individuals that work at the company. All the shared values and enforced policies contribute to organizational culture. “The leadership culture appears as an integral part of the organizational culture and it can have a positive or negative influence upon the latter.” (Popa‚ 2013‚ p. 179). The organizational culture
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good service of international shipping for some of its products to reach other countries. “Our vision is to be earth’s most customer centric company; to build a place where people can come to find and discover anything they might want to buy online” This shows how the company works in regard of its customers and always tries to grow in their interest‚ its customer-friendly policy. Amazon’s mission is to continue to offer quality products and services using the best technology available and at
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ENRON: The Idiocy and the Irony Introduction Red flags were blinding as Enron learned about possible corruption with Enron Oil Trading in Valhalla‚ New York. After the merger between HNG and InterNorth‚ the Valhalla office‚ originally established by InterNorth seemed all but forgotten until quarterly and annual reports were due. Supervisors Tom Harding and Steve Sulentic were rarely on-site‚ preferring the comfort of offices in Houston. Louis Borget who established and operated the trading
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[pic] Mission Analysis • PSO‚ in their mission statement clearly state that they aim to lead the energy market through quality products and services. • • They intend to do this by creating a workforce of professionally trained‚ highly motivated people. • • They aim to create a friendly‚ team-oriented culture and acknowledge and reward good performance‚ innovation and creativity for personal growth and development of employees. • • They plan to use
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Under the common law‚ accountants may be found liable to the clients who hire them under several legal theories‚ including breach of contract‚ fraud‚ and negligence. Accountants owe a duty to use reasonable care‚ knowledge‚ skill‚ and judgment when providing auditing and other accounting services to a client. In other words‚ an accountant’s actions are measured against those of a “reasonable accountant” in similar circumstances. The development of GAAPs‚ GAASs‚ and other uniform accounting standards
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Davidson: A Visionary Company? Harley Davidson ’s Vision statement is‚ "We fulfill dreams inspired by the many roads of the World by providing remarkable motorcycles and extraordinary customer experiences. We fuel the passion for freedom in our customers to express their own individuality." Mission: “We ride with our customers and apply this deep connection in every market we serve to create superior value for all our customers” (Every Day Values‚ 2012) this has always been something that Harley
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The Enron Controversy: Techno-Economic Analysis and Policy Implications Girish Sant and Shantanu Dixit PRAYAS Subodh Wagle CEEP‚ University of Delaware‚ USA The Enron Controversy‚ Prayas‚ Sept. 1995 4 Ÿ The Enron Controversy Contents Summary 1. Power Purchase Agreement (PPA) Between Dabhol Power Company and Maharashtra State Electricity Board: Structure and Implications 2. The Enron Deal: Why the First Stage Should Be Cancelled 3. The Enron Controversy: Alternative Options For
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Cocacola Company Our Mission Our Roadmap starts with our mission‚ which is enduring. It declares our purpose as a company and serves as the standard against which we weigh our actions and decisions. * To refresh the world... * To inspire moments of optimism and happiness... * To create value and make a difference. Our Vision Our vision serves as the framework for our Roadmap and guides every aspect of our business by describing what we need to accomplish in order to continue achieving
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NewPage Published Vision‚ Values & Objectives: NewPage ’s Strategic Vision‚ as provided in their mission statement on their public Website‚ is to be the best printing paper business in North America. Key points of the organization ’s strategic vision are to be the preferred supplier of high-quality printing paper; to be the employer of choice‚ offering a safe‚ rewarding place to work and grow; and to generate financial returns exceeding cost of capital (NewPage‚ Mission‚ 2011). This has been the
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performance. The board should set the company’s values and standards and ensure that its obligations to shareholders and others are understood and met. But the primary responsibility of the board of directors is to protect the shareholders’ assets and ensure they receive a decent return on their investment. b. The board of directors definitely could have prevented the fall of Enron. First of all‚ if the board of directors made the right strategies for Enron rather than created hundreds of SPEs to remove
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