Organizational Culture Assessment Instrument – Individual Profile Assessment The organization I last worked with is an IT/ITES company‚ which is one of the fastest growing fortune 500 companies. The organization has a balanced out structure however there is a little dominance towards ‘The Market’. As per my experience I can say that the reason for this is that the organization is relatively young and striving to compete with the best in the industry. This requires leaders to be competitive and
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Corporate Fraud I. Introductions a. Fraud in the accounting environment is on the increase. b. Fraud takes place in different forms in the accounting environment. II. The growing risk of fraud and corruption a. Local problems‚ global pain b. Awareness is crucial c. Tailoring efforts to avert damage III. Preventing Fraud a. Background checks and enhanced due diligence b. Monitoring and evaluating preventive controls c. Continuous controls monitoring IV. Can we eliminate fraud and corruption
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Enrons Fall Kenneth Lay – CEO Auditors – Arthur Anderson Jeffrey Skilling – Consultant‚ Hired as a young consultant‚ as due to deregulation‚ Enron incurred massive debts. Jeffrey skilling was hired to come up with innovative new ideas. His revolutionary idea for Enron was to ‘create a gas bank in which Enron would buy gas from a network of suppliers and sell to a network of consumers‚ contractually guaranteeing both the supply and the price‚ charging fees for the transactions and assuming the
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. a. Kenneth Lay‚ Jeffrey Skilling‚ and Andrew Fastow. A common theme of the allegations leveled at the three executives was that they had created a corporate culture that fostered‚ if not encouraged‚ “rule breaking”. b. Andersen
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room on the eighth floor of the Asch Building‚ in Washington Place‚ at 4.40 o’clock on the afternoon of Saturday‚ March 25‚ when I heard somebody cry ‘Fire!’” Unlike those on the ninth and tenth floors (the other two floors that our factory‚ the Triangle Waist Company‚ occupied)‚ I did not climb out of exterior windows in desperation; I was kindly shown to a window in a crash door that I could fit through in order to climb downstairs. Instead of passing through the flames as many of my coworkers
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Imane Malihi Prof. Fred Friend BLW411/511 March 27‚ 2014 The Downfall of Enron Corporation “Ethics and integrity are at the core of sustainable long term success … Without them‚ no strategy can work and‚ as Enron has demonstrated‚ enterprises will fail. That’s despite having some of the ‘smartest’ guys in the room.” by Richard Rudden. As the quotation states‚ ethics and integrity play a key role in the success of any corporation; through these principles‚ companies can ensure their compliance
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The Bermuda Triangle‚ also known as the Devil ’s Triangle‚ is a region in the western part of the North Atlantic Ocean in which a number of aircraft and surface vessels are alleged to have disappeared in mysterious circumstances which fall beyond the boundaries of human error‚ piracy‚ equipment failure‚ or natural disasters. Popular culture has attributed some of these disappearances to the paranormal‚ a suspension of the laws of physics‚ or activity by extraterrestrial beings.[1] While a substantial
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Enron debacle: Case Report Table of Contents I. Understanding the Entity: Business Risk Assessment 1. Nature of the entity 1.1. Brief introduction: Enron Corporation‚ a Houston based giant company‚ conducted energy trading business and gas pipeline transportation and distribution business in the energy and industrial sectors. 1During the 1990s‚ Enron transferred from a natural gas supplier and to an intermediary midstream company facilitating distributions
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The Bermuda Triangle Is the Bermuda Triangle really a place where strange powers are at work? The Bermuda Triangle is a very complex and mystifying area that is noted for a high incidence of unexplained losses of ships‚ small boats‚ and aircraft. From reading this paper one will learn geographic features of the Bermuda Triangle‚ famous disappearances‚ and possible explanations for them. There is a section of the western Atlantic‚ off the southeast coast of the United States‚ forming
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Multinational Enterprises – Organizational Culture vs. National Culture Sabine Scheffknecht Leeds Metropolitan University‚ UK This situation brings a lot of advantages (less dependence on the economy or political situation of one single country; differentiated marked position; economy of scale through the size of the business; use of synergies; etc.) but also comprises the challenge to combine many different nationalities and with this also diverse cultures under one roof. Abstract
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