CASE 3 Enron: Questionable Accounting Leads to Collapse Once upon a time‚ there was a gleaming headquarters office tower in Houston‚ with a giant Tilted ―E‖ in front‚ slowly revolving in the Texas sun. Enron‘s suggested to Chinese feng shui practitioner Meihwa Lin a model of instability‚ which was perhaps an omen of things to come. The Enron Corporation‚ which once ranked among the top Fortune 500 companies‚ collapsed in 2001 under a mountain of debt that had been concealed through a complex scheme
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Answer the following questions based on the film Enron: The Smartest Guys in the Room (2005). 1. (a) Describe the ownership structure at Enron. (b) How did the ownership structure contribute to the Enron scandal? (15 points) When Enron became a publicly traded company‚ the employees and executives had more incentive to manipulate earnings and financials. With the shift in structure‚ there were more external stakeholders to satisfy‚ which caused the company to focus on short-term results‚
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XXX XXXXXX / LEAD 504 12/3/2010 | LEAD 504: Inclusive Excellence and the Leadership Role Globalization‚ Diversity‚ Leadership and Organizational Change | Globalization and the ability to lead as a globalize leader is an exponentially growing ability that will continue to be needed. During my exploration through many sources on the net‚ magazines and books‚ globalization seems to be a common business concern these days. In the book “The World is Flat”‚ Thomas Friedman states that “the
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ENRON: A FINANCIAL REPORTING FAILURE? Anthony H. Catanach Jr.1 Associate Professor 610-519-4825 anthony.catanach@villanova.edu and Shelley Rhoades-Catanach Associate Professor Both at Villanova University College of Commerce and Finance Department of Accountancy INTRODUCTION The dramatic collapse of Enron Corporation‚ following a series of disclosures of accounting improprieties‚ has led many to question the soundness of current accounting and financial reporting standards. Within Enron’s reported
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Organizational Management Organizational Management Tiffany Perkins Liberty University BUSI310 Abstract Organizational Management is presented in many different levels like planning‚ leading‚ organizing and finally controlling. Each department manager plays a vital role as strategic management upper management meeting missions and goals‚ tactical management middle managers supervising first line supervisors plus operational managers are your front line mangers ensure
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Managing Organizational Culture The challenges encountered by the Copenhagen-based company SACC (Scandinavian Architect Consulting Company) after the acquisition of several firms around Europe can be explained using Hofstede’s theory. Comparing different countries‚ he found that there are 4 dimensions of national culture within the organizational culture. The 4 dimensions are power distance‚ uncertainty avoidance‚ individualism and masculinity. SACC’s top management has chosen to implement their
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asseSSment of the organizational culture at company level‚ adapted to the romanian business environment CERCEL Mihai Ovidiu Associated Assistant professor/PhD Faculty of International Business and Economics The Bucharest University of Economic Studies‚ Bucharest‚ Romania email: mihaic9@hotmail.com Abstract: The study aims to present a hybrid‚ complex model to assess the organizational culture of a company‚ by taking into consideration the influence of societal and organizational values‚
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1.What are the main reasons that Enron collapsed? I think the reasons for the collapse are three fold. Firstly Enron’s accounting practices(mark to market accounting- companies estimate how much revenue a deal is going to bring in and state that number in their earnings the moment the contract is signed) Its managements goal was to maintain the appearance of value by always having rising stock prices rather than focus on creating real value for the company. Secondly its reliance on Special
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Organizational Culture: Kudler Fine Foods Passionate about gourmet cooking and frustrated at having to travel all over town to gather ingredients for one simple meal‚ Kathy Kudler decided to open her own gourmet food shop (University of phoenix). Kudler Fine Foods‚ (Kudler) a small chain of gourmet food stores located in California establishment in 1998‚ and has now expanded to three locations. Kudler’s management has succeeded in combining convenience of one stop gourmet shopping with affordable
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Frito-Lay North America is the division of PepsiCo that manufactures‚ markets and sells corn chips‚ potato chips and other snack foods. The primary snack food brands produced under the Frito-Lay name include Fritos corn chips‚ Cheetos cheese-flavored snacks‚ Doritos and Tostitos tortilla chips‚ Lay’s potato chips‚ Rold Gold pretzels‚ Ruffles potato chips and Walkers potato crisps (Europe)—each of which generated annual worldwide sales over $1 billion in 2009.[citation needed] Frito-Lay began in
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