clear indication to the extent in which culture‚ as a factor‚ have been involve in shaping up the choice of business ventures‚ particularly in the Asia context. Although the literature covers a wide variety of such theories and studies‚ this chapter will focus along the concepts of 3 main themes which will emerge repeatedly throughout the literature reviewed. These themes are: national and organizational culture of companies in Asia country‚ the role of culture and its importance in the area of business
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Enron Scandal In 1985‚ Enron was formed by Kenneth Lay after the merging of Houston Natural Gas and InterNorth. In the 1990s‚ Lay helped to initiate the selling of electricity at market prices. Markets made it easier for Enron to sell energy at higher prices‚ which caused the company to get richer. Enron was the largest merchant of natural gas in 1992. In November 1999‚ the creation of EnronOnline enabled Enron to develop‚ negotiate and manage its trading business. By 2001‚ Enron became a
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Globalization and Corporate Social Responsibility - Corporate Culture and Individual Responsibility 1. Based on Alex Gibney’s film version of the rise and fall of Enron‚ do you accept Joel Bakan’s argument that the corporation shows “psychopathic” traits? I agree with Joel Bakan‚ however‚ just partially about the corporation Enron showing ‘psychopathic’ traits. Yes there are traits that they were doing unethical actions that completely ruin many people life-long works and their lives; nonetheless
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The Smartest Guys in the Room It was a profound story happened between two giant companies‚ both of which once marked as one of the greatest companies for decades in the American History. Enron‚ started as Northern natural Gas Company in 1930‚ creatively making its way through the Great Depression by opening up the natural gas market with its lower cost and developing extensive pipeline network with the unlimited low-cost labor resource‚ fell apart due to its creative use of the SPEs and related
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Observable Aspects of Organizational Culture Samuel Spetnagel University of Phoenix MGT 331: Management: Organizational Behavior Michael Borden‚ Ph.D. June 3‚ 2006 Organizational Culture refers to the values‚ beliefs and customs of an organization. Whereas Organizational structure is relatively easy to draw and describe‚ organizational culture is less tangible. The organizational culture at Kenworth is different from many other companies; this is because of the geographical location of the
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Organizational culture gives vision as to what is happening in the company as well as expectations on how everyone should behave (Kinicki & Williams‚ 2013). Verizon has a market culture that creates high profits and financial growth through competitiveness and customer focus. The company has used several mechanisms in order to create its current organizational culture. Verizon has used role modeling‚ training‚ coaching‚ organizational goals and performance criteria‚ measurable and controllable activities
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The Organizational Culture Inventory (OCI) is where people describe the behaviors and expectations that make up prevailing cultures of their organizations. This is an approach for mapping organizational cultures developed by Human Synergistics. (P.29 Organizational Behavior) The OCI is a system of beliefs and values that shape the attitudes of members‚ guides their behaviors at work‚ and influences their performance goals and aspirations. The OCI maps use these results to describe three alternatives
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Services‚ Communications‚ Maintenance and many more departments. In this assignment‚ the Accounting office of Fiscal Services will be analyzed as a Hierarchy organizational type‚ as mentioned in the Organizational Culture Assessment Instrument (Jennifer Bellot‚ 2011)‚ the core cultural elements of artifacts‚ values‚ and assumptions‚ and how the culture impacts the behavior of the organization through the ideologies of the beliefs of how things work‚ the values showing that professionalism is worth having
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1. Enron was valued at $2.3 billion when it was formed in July 1985. On August 23‚ 2000‚ its stock was at $90 per share and it had a market capitalization of $65.9 billion. Explain the major business practices that created such dynamic growth in the price of the stock. Enron used many different tactics to inflate their stock prices. The one that sticks out to me is when they signed a 20-year contract with Blockbuster. Early in the contract Blockbuster and Enron parted ways with a null and void
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Case 9 Enron: Questionable Accounting Leads to Collapse How did the corporate culture of Enron contribute to its bankruptcy? The corporate culture at Enron was centered on a twisted lack of ethical behavior based on greed and profit seeking. Top management set a tone in the workplace that encouraged risk and rule breaking in the name of revenue. Employees were compensated for unethical behavior that brought money into the company and terminated if they did not reach the monetary levels of
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