The Failed Corporate Culture of Enron High risk accounting‚ inappropriate conflicts of interest‚ extensive undisclosed off-the-books activity‚ excessive compensation these are some of the headings of the report prepared by the U.S. Senate’s Permanent Subcommittee on Investigations titled "The Role of the Board of Directors in Enron’s Collapse." (Permanent Subcommittee on Investigations‚ 2002) In February‚ 2002‚ Enron’s former Chief Executive Officer Jeffery Skilling had testified before members
Premium Enron Enron scandal
Corporate culture is defined as: "the moral‚ social‚ and behavioral norms of an organization based on the beliefs‚ attitudes‚ and priorities of its members." Every organization has its own unique culture or value set; however‚ most organizations do not consciously try to create a certain culture. The culture of the organization is typically created unconsciously‚ based on the values of the top management or the founders of an organization. Southwest Airlines expends a lot of energy in maintaining
Premium Recruitment Employment
Discuss the corporate culture at Southwest Airlines and how it leverages its culture to achieve a competitive advantage. The corporate culture at Southwest Airlines can be defined within three areas including‚ core value‚ management style‚ and compensation. Southwest Airlines organization structure incorporated several areas but I was impressed with these three the most. Southwest Airlines had two core values‚ which emphasized on LUV and fun. Not only was LUV the company’s signature symbol
Premium Airline Southwest Airlines Low-cost carrier
The paper begins with explaining the theoretical foundations by introducing the main concepts; national culture and corporate culture‚ or culture at organizational level. The study conducted by Engelen et al. concentrates on the individualism versus collectivism dimension of national culture and on the strength of the corporate culture. After familiarizing the concepts‚ the paper presents the hypotheses and clarifies how the hypotheses are derived. Next‚ the research conducted to test the hypotheses
Premium Scientific method Scientific method
Southwest culture entails the company focusing on every individual at the firm not only concerning their work but also about them personally. Its corporate culture has an obsession with putting its individuals first. It is pegged on the belief that the only way to deliver remarkable service consistently more so on the front line is treating persons in a way that reflects how the external clients should be treated. The company considers its workers as its internal customers. It has a culture where the
Premium Management Employment Leadership
is going to examine a dramatic change conducted by NUMMI’s leadership. It will address three main reasons which made this change possible: • Creating a new production system • Developing a new management system • Reformation of corporate culture. And finally‚ the recommendations will be identified that should have been implemented in order to run the plant efficiently another two or more decades. Analysis of Situation By 1982‚ GM’s Fremont plant‚ California‚ employed over 7
Premium Management Education Psychology
Corporate culture is often thought of as that touchy-feely stuff that is difficult to define and should be left up to Human Resources to manage. For some it conjures images of toys scattered through the office and Segways running up and down the corridors‚ while some young pierced tech guy sits at his cube jamming out to music while he works. The reality is that culture is a business issue that has significant impact on a venture’s ability to generate a return on investment and should be prioritized
Premium Management Marketing Computer
The Corporate Culture in South Korea Business in the XXI century is becoming more and more global‚ international; we find new partners in various‚ sometimes very exotic parts of the world. It is all possible thanks to the common language (assuming that "everybody" knows English)‚ good and fast transportation and new ways of communication‚ like for example Internet. We are learning from each other and trying to adjust to new situations‚ although the differences are often much greater than just
Premium Management South Korea Strategic management
Paschaloudis-Haidos-Pantelidis- Anastasiadou-Dapis‚ 656-667 “The Importance of Corporate Culture in International Market: The case of Procter & Gamble” Dr D. Paschaloudis‚ K.Anastasiadou Technological Educational Institute of Serres Department of Business Administration‚ Greece dim@teiser.gr‚ ak@teiser.gr S. Haidos University of Sunderland‚ Business School U.K stefhai80@yahoo.gr Dr P. Pantelidis Technological Educational Institute of Serres Department of Business Administration‚ Greece pantelidis@c
Premium Organizational culture Organizational studies Organizational studies and human resource management
Organizational culture can be defined as the system of attitudes‚ beliefs and values that are collectively expressed in support of organizational structure. Organizational culture is a pattern of shared basic assumptions that dictate the behavior of individuals within an organization. Culture determines which practices are appropriate and which are not‚ effectively developing standards‚ guidelines‚ and expectations for individuals within an organization. Although they work hand in hand‚ there
Premium Enron Culture Enron scandal