Enron was a company in the energy industry founded in 1985 by Kenneth Lay. Enron was based in Huston‚ Texas and employed approximately 20‚000 people. In 2001‚ Enron filed for bankruptcy after many years of lying‚ fraud‚ and dishonesty with their financial books. Enron was pretending to be a huge‚ successful company when in reality‚ it was in a financial hole so deep there was no way of getting out. Discuss and analyze the culture at Enron. In what way was it effective? In what ways was it the catalyst
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The Enron scandal A brief on Enron’s history Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. In the early 1990s‚ he helped to initiate the selling of electricity at market prices‚ The resulting markets made it possible for traders such as Enron to sell energy at higher prices‚ thereby significantly increasing its revenue. As Enron became the largest seller of natural gas in North America by 1992‚ Enron pursued a diversification strategy
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End of Book Case Studies 16/7/03 3:16 PM Page 642 end-of-book End-of-book: Case studies Q 643 case studies 19 Think design and performance— think Sunbeam Café Series Nicole Stegemann‚ School of Management and International Business‚ University of Western Sydney Limited‚ a manufacturer of pumps‚ filters and security products. GUD’s acquired Sunbeam in 1996. After catering for predominately female needs‚ it was the male population’s turn to benefit from Sunbeam’s innovations
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A. The Implications for corporate governance and financial institutions In Enron’s case‚ we may see that the principle weakness of corporate governance today is the excessive concentration of power in the hands of top management. Enron involve allegations of massive accounting fraud and huge losses in shareholder value. In May 2002‚ the Business Roundtable released its Principles of Corporate Governance. This is a set of principles intended to assist corporate management and boards of directors
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SWOT Analysis Strengths Loyal Customer One of the strengths of Wal Mart is that the customers are loyal. This is because the company provide good customer service for its customers. This company has analysed the customers and divided them into groups which are loyalists‚ selective‚ and sceptics. Therefore‚ the company has come up with the idea 5 point plan in order to convert the selective and sceptics into loyalists and also ‘to drive deeper loyalty’ over for a long term with the company.
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SWOT Analysis of San Miguel Corporation * Corporate Profile San Miguel Corporation (San Miguel) is one of the leading beverage‚ food and packaging companies in Philippines. The company offers more than 400 products such as beer‚ hard liquor‚ juices‚ basic and processed meats‚ poultry‚ dairy products‚ condiments‚ coffee‚ flour‚ animal feeds and various packaging products. It is also engages in heavy industries including power and other utilities‚ mining‚ energy‚ toll ways and airports. The company’s
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In this report there are some of the important aspects that are needed to be discussed regarding the Spacer Company. It could be noticed that main two objectives of the company will be shown up in the report and then the SWOT analysis will be shown for both of the objectives. On the other hand the Min Map will be created for both of the objectives of the Spacer as well. Further stakeholders identification will be done in a clear manner and the mind map will be again created so that the influence
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SWOT Analysis /Strengths‚ Weaknesses‚ Opportunities‚ Threats/ Marine fishing Freshwater fishing Aquaculture production Processing and marketing of living aquatic resources Strengths Lower quantities of catches of natural resources of marine fisheries than the marginal allowable catches Existing pelagic fish resources Existing mollusk resources (sea snail/Rapana and black mussel) Existing specific resources (sturgeon‚ turbot) Existing good level of land and water control by state
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Comprehensive Case 1.1 Enron 1. There were several parties responsible for the "crisis of confidence" created by the Enron debacle. Enron’s executives were responsible for their behavior in trying to adjust their financial statements. Andersen’s auditors were responsible for not doing their jobs with integrity and not keeping their independence in from Enron. Regulatory groups were responsible for making
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Introduction 2 2. History 3 a. Formation 3 b. Operations 3 c. The Success 4 d. All that glitters is not gold 4 e. The Fraud 4 3. Products 5 4. Enron Scandal – The Company Fraud 8 f. What Happed? 8 5. Techniques used in the Company Fraud 9 g. Revenue Recognition 9 h. Mark-to-market accounting 9 i. Special Purpose Entities 10 j. Executive
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