Enron Case Study XXXXX XXXXXXXXX State College Enron Case Study Enron was a corporation founded in 1985‚ when a merger combined Houston Natural Gas and InterNorth (Thomas‚ 2002). Throughout the first five years of Enron’s existence‚ they had many struggles. According to Salter (2005)‚ the first years had many “near death” experiences. Eventually Enron was able to prevail over their many “near death” experiences. In 1989‚ “Enron locked in its first fixed price contract to supply natural
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Organisational behaviour can be defined as study of the interaction among individuals‚ groups and the organisation. Then this knowledge is focused towards the efficient and effectiveness of the organisation. With that said‚ organisational behaviour is relevance to practising managers in giving them a greater understanding of the process and interacting of individuals‚ groups and the organisation on a whole and how each one relates to the other. Hence‚ managers need to show forth some of their
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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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How values affect individual and organizational behaviour Schwartz (1992) described values as desirable‚ trans-situational goals‚ changing in significance that serves as guiding principles in people’s lives. In simpler words‚ values evolve from circumstances with the outside world and can change over time. They are believed to have a significant influence on the behavioural and emotional of individuals (Rokeach‚ 1973)‚ also on the organisational culture (O’Reilly & Chatman‚ 1996). Values
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wife and children‚ was a company created in 1998 by Enron ’s CFO‚ Andrew Fastow‚ to buy Enron ’s poorly performing stocks and stakes and bolster Enron ’s financial statements. Fastow proposed in October 1999 to Enron ’s finance Board the creation of LJM2 Co-Investment L.P. Fastow would act as general director of a much larger private equity fund that would be funded with $200 million of institutional funds. The question of Fastow’s dual role as Enron ’s CFO and LJM2 ’s general director was not viewed
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Introduction This essay will explore a case study of Origin Energy to illustrate an organisation that has undergone a change. The organisational culture before and after the change will be described‚ management styles within the organisation will be analysed‚ the relationship between motivation and performance will also be explored and finally the change management strategies used by the organisation will be discussed as well. Each of these sections will be explored to support the hypothesis that
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CASE INCIDENT: BULLYING BOSSES Question 1 Workplace bullying demonstrates a lack of which one of three types of organizational justice? Answer: * Distributive justice concentrates on results and outcomes that are fair for everyone. * Procedural justice concentrates on the methods and procedures that should be fair for everyone. * Interactional justice looks at the way people interact with each other in a way that is fair for everyone. Workplace demonstrates a lack of interactional
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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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PBSA 812 Organisational Behaviour Motivational Theory Maslow & Skinner 23 February 2013 1 Index: • Executive Summary 1. A Critical Comparison of Maslow’s Theory of Motivation with Skinner’s Reinforcement Theory in the South African Context 2. A Critical Evaluation of the similarities and differences of the Reinforcement Theory and Expectancy Theory in the South African Context 3. Encouraging Effective Performance through a Reward System by applying the Motivational Theories
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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 assets and debts off balance sheet‚ the picture of Enron could have made a difference. Secondly‚ if the audit committee of Enron could point out all those aggressive and risky accounting treatment and propose solutions‚ then the afterward damages could be eliminate or at least minimized. c. The BOD of Enron should have known about the risks
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