ccsenet.org/ijbm International Journal of Business and Management Vol. 5‚ No. 10; October 2010 The Case Analysis of the Scandal of Enron Yuhao Li Huntsman School of Business‚ Utah State University‚ Logan city‚ U.S.A E-mail: wyl_2001_ren@126.com‚ carolee1989@gmail.com Abstract The Enron scandal‚ revealed in October 2001‚ eventually led to the bankruptcy of the Enron Corporation‚ an American energy company based in Houston‚ Texas‚ and the dissolution of Arthur Andersen‚ which was one of the five largest
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New Aspects of Leadership A significant part of effective leadership is the close connection between the leader and the follower‚ which often determines the success of the leader’s mission. Unfortunately‚ this leader-follower relationship cannot be created according to some simple formula. Without inspiration‚ involvement‚ and encouragement from both participants‚ the relationship suffers. Leaders‚ in particular‚ must give an extra effort to reach out to followers in order to initiate and develop
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Task3: How does the organizational culture at Four Seasons contribute to its CRM? Organizational Culture A single definition of organizational culture has proven to be very elusive. No one definition of organizational culture has emerged in the literature. One of the issues involving culture is that is defined both in terms of its causes and effect. For example‚ these are the two ways in which cultures often defined. Outcomes Defining culture as a manifest pattern of behavior- Many people use
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According to Jones (2004)‚ organizational theory is the function of a company on how it operates in the environment (self impact) and how the environment affects their operational agenda. In my opinion‚ this correlates to the law of cause and effect. The organizational design and change indicates the how/why various means are chosen‚ which assist in managing the structure and culture to control activities to achieve its goals. Change process occurs when an organization attempts to move from its
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Running head: CASE STUDIES: ENRON’S FALL AND TYCO INTERNATIONAL’S LEADERSHIP CRISIS Case Studies: Enron’s Fall and Tyco International’s Leadership Crisis Grand Canyon University BUS 604 November 4‚ 2009 Case Study: Enron’s Fall and Tyco International’s Leadership Crisis The tight Federal regulations now governing businesses and their accounting practices came about because one corporation‚ Enron‚ took risks their company could not withstand without taking some rather extreme measures in
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Overview of best practice in Organizational & Safety Culture Offshore Helicopter Safety Inquiry Newfoundland and Labrador‚ Canada May 2010 Presented by Aerosafe Risk Management © Copyright Aerosafe Risk Management‚ May 2010 This document has been developed by Aerosafe Risk Management (Aerosafe) in reponse to a specific body of work that was commissioned by the Offshore Helicopter Safety Inquiry. The background intellectual property expressed through the methodologies‚ models‚ copyright
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The Unexpected Collapse of Enron Colleen Long LDR/531 April 3‚ 2010 Kemit Grafton The Unexpected Collapse of Enron Beginning in 1985‚ Enron was formed through a merger of Houston Natural Gas and Internorth‚ Enron Corporation. It was the first nationwide natural gas pipeline network‚ which shifted its focus from regulate transportation of natural gas to unregulated energy trading markets. Enron was a huge company that traded electricity‚ oil‚ gas‚ plastics‚ and other variables
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Organizational Culture Aspects The impact of culture is very important when it comes to attempting and achieving personal goals and business goals. Organizational cultures are the characteristics that are based on morals‚ values‚ traditions and personnel behavior. Values are very important because people act out upon his or her values‚ and values channel behavior. Saying and doing the right thing are two different things and if managers are trying to set the culture they have to set the example
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Case 1.1 - Enron Corporation ------------------------------------------------- Discussion 1 The parties we believe to be most at fault for the crisis in this case are a) the Audit Firm engaged in the Enron audit (Arthur Andersen); b) Enron Management (Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow; and c) the SEC. The Public Accounting Firm: Arthur Andersen The auditor has the responsibility to evaluate the risk of material fraud‚ including: * Incentives and motives for fraud : Enron was a fast
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MGMT 591: Leadership and Organizational Behavior Project Proposal Overview of Organization Clarity University is a publicly traded‚ for-profit University that has been in existence over 100 years. Clarity University’s greatest opportunity is their vast program offerings that allow students to earn a degree while also earning valuable trade experience. These programs range from business‚ culinary‚ computer forensics and electronics. Currently the University’s annual revenue is about 15 million
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