commit fraud because of financial pressures‚ vices‚ or because of work-related pressures. As well‚ perpetrators of fraud can be motivated by a perceived opportunity to commit fraud and the ability to rationalize that what they are doing is not wrong. Their motivations are usually combined into the fraud triangle of perceived pressure‚ perceived opportunity‚ and rationalization. 3. The fraud triangle includes three elements that almost always must be present in order for someone to commit fraud: a
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Enron Questions 1. How did Enron’s corporate culture contribute to its bankruptcy? Enron’s corporate culture was greedy and arrogant. Arrogance and pride are what mostly contributed to the downfall of Enron. Employees made money for the executives. The company was thought of as a leading company‚ and imagined to be invincible. Once funds were gambled away‚ and the whole got deeper‚ more funds were gambled to attempt to create liquid assets to pay off debt. Eventually‚ it all ran out.
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why is Wal-Mart so successful and popular among employees? As a corporation‚ Wal-Mart focuses closely on its corporate culture and behaviors throughout the organization; paying close attention to satisfying both its customers and its employees. The company engages its employees to be happy to serve its customers‚ which is the reason they are employed. In an article titled‚ A culture of corporate at Wal-Mart‚ the author interviews a Wal-Mart management employee and writes‚ [“I think they’re very excited
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FIRE TRIANGLE In order to understand how fire extinguishers work‚ you first need to know a little bit about fire. Four things that must be present at the same time in order to produce a fire : * Enough oxygen to sustain combustion. * Enough heat to raise the material to its ignition temperature. * Some sort of fuel or combustible material. * The chemical‚ exothermic reaction that is fire. Take a look at the following diagram called the “Fire Triangle”. Oxygen‚ heat‚ and fuel
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South America‚ Europe‚ Asia‚ and Australia. There are 170 shops in the United States included outlets stores. L’Occitane employed more than 2‚200 people and maintaining retail boutiques and franchises across the world. Current Culture According to the Organizational Culture Inventory‚ the primary style of L’Occitane is approval‚ dependent‚ competitive‚ and perfectionistic. L’Occitane is a retail company that sells high-end beauty products. We have to avoid any conflict either between the employees
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Analysis 4.3.1 Correlation between Organizational culture and communication. Correlations Culture Communication Culture Pearson Correlation 1 .805** Sig. (2-tailed) .000 N 201 201 Communication Pearson Correlation .805** 1 Sig. (2-tailed) .000 N 201 201 Table 4.10 Hypothesis- H1: Organizational Culture is negatively correlated with Organizational Communication. Ha: Organizational Culture is correlated with Organizational Communication. Interpretation:
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(honors) in business & management Offered by Cardiff metropolitan university Strategic management Assignment 02 - Enron Submitted to: Mr. Shane De Silva M.F.M.M Fazlan ICBT/ BABM/07 Executive Summary This report is provides information the Enron scandal which is revealed in 2001. The main reasons for scandal have been described. There are many individuals as well
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1. What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when AA consulting became its own separate entity‚ named Accenture. Revenues from consulting services surpassed revenue from auditing services. A natural competitiveness grew between the two rivals and this is where the problems began to start. Management held maximinizing revenues as their primary focus of success and promotions/bonuses were based on this factor. The CEO of AA‚ Joe
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The impact of culture and law on Organizational Behaviour Introduction In the era of globalization more and more managers are confronted with ever increasing need to interact with different cultural and law situations. Not only the environment where the organization is operating‚ the management‚ the workforce‚ the suppliers and the customers can be coming from different cultures. So when they strive together to achieve the objectives of the organization there various cultural influence and the
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THE NATION’S NEWSPAPER BS2003-01b Collegiate Case Study Adelphia founder‚ 2 sons‚ 2 others arrested in fraud By David Lieberman and Greg Farrell www.usatodaycollege.com Accounting fraud Part II: The results “Creative accounting” is not a new technique‚ but it can certainly be a costly one. Businesses feel the pressure to appear profitable in order to attract investors and resources‚ but deceptive or fraudulent accounting practices often lead to drastic consequences. Are these so-called
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