The Role of Leadership in Shaping Organizational Culture Armen Avetisyan Walden University Abstract In this paper I have tried to analyze the role of leadership in shaping of organizational culture. Also I have briefly touched the definition of culture‚ historical overview of leadership theory development’s issue and what impact have traits approaches‚ skills approach‚ style approach and also ethical approach on creating of organizational culture for healthy organization. The Role of
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Fall of Enron The History Enron began as a pipeline company in Houston in 1985. It profited by promising to deliver so many cubic feet to a particular utility or business on a particular day at a market price. That change with the deregulation of electrical power markets‚ a change due in part to lobbying from senior Enron officials. Under the direction of former Chairman Kenneth L. Lay‚ Enron expanded into an energy broker‚ trading electricity and other commodities. The Business of Enron Enron
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March World News Julie Marie Perez Mystery of The Bermuda Triangle The Bermuda Triangle is located between Florida and Puerto Rico right in the Atlantic Ocean. Since the 1950’s‚ unexplained reports have come in because of strange disappearances. Christopher Columbus first wrote about the Bermuda Triangle in 1492. As he and his crew sailed the Atlantic‚ they came across an enigmatic light pattern in the sky near the Caribbean Sea‚ as well as unusual compass readings while passing through
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According to the COSO framework‚ there are five elements can be applied to analyze companies’ internal control systems. They are control environment‚ risk assessment‚ control activities‚ information and communication and monitoring. Here is my research of what went wrong in internal controls during the 2008 financial crisis using exhibit 6-6 with Lehman Brothers. Control Environment Lehman Brothers has a long history. Fuld led the company tide over the difficulties several times and achieve remarkable
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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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ENRON Q1. Summary of Enron Scandal. Enron‚ a Houston-based energy firm founded by Kenneth Lay‚ transformed itself into the world’s largest energy-trading company over its sixteen years of lifespan. In 2001‚ Enron was one of the world’s largest energy groups‚ operating mainly in the USA. Though Kenneth played a smaller role in management‚ following the takeover‚ he soon became chief executive officer (CEO) and moved the headquarters from Omaha to Houston. During 2001‚ it had become apparent
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Enron Case Study [pic] Part A: Problem Focused Analysis and Recommendations. 1. Brief Case Background. List key events‚ use timeline. Case Background At one time Enron was one of the world’s largest producers of natural gas‚ oil‚ and electricity. It also appeared to be one of the most profitable companies‚ taking shareholders from $19.10 in 1999 to $90.80 by the end of 2000. Enron’s top management answered to a Board of Directors whose responsibility was to question and challenge new partnerships
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given non - collinear points is: [Marks:1] A. Two B. infinitely many C. Four D. Three 6] The area of a right triangle with base 5 m and altitude 12 m is [Marks:1] A. 50 m2 B. 15 m2 C. 9 m2 D. 30 m2 7] Evaluate: 53 - 23 - 33 [Marks:1] A. 80 B. 60 C. 120 D. 90 8] The area of an equilateral triangle of side 14 cm is [Marks:1] A. B. C. D. 9] Simplify: [Marks:2] 10] Check whether (x
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Enron History Special Purpose Entities (SPEs) were used and often abused by most large corporations in the late 1990’s. Enron was likely the corporation that abused the accounting treatment the most‚ but certainly not the only one. The Enron SPEs were not hidden from the auditors or the investing public‚ but were so extensive‚ invasive‚ and complex that no one‚ including primary architect‚ Andrew Fastow‚ was able to understand the total implications. The 2000 financial statements for Enron included
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Enron was originally a pipeline company in Houston‚ Texas in 1985. Enron became a company that was able to profit by providing deliveries of gas to utility companies and businesses. As the deregulation of electric power rose‚ Enron diversified the business and entered into an energy broker‚ which traded electricity and other types of commodities. Enron employed several highly qualified PHDs in mathematics‚ physics‚ and economics. Enron continued to enter into contracts with customers and utilized
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