Enron: The Smartest Guys in the Room / Lack of Ethics Enron at one time was a Fortune 500 company‚ but in truth it was just a fallacy and a lie for what it truly was‚ an ethically bankrupt company that eventually became a bankrupt company. Henry Taylor‚ a 19th century statesman wrote “Falsehood ceases to be falsehood‚ when the truth is not expected to be spoken”. Enron senior management gets a failing grade on truth and disclosure. The purpose of ethics is to enable recognition of how a particular
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their organizations resources and know how with a foreign company‚ and the two organizations share the rewards and risk of starting a new venture. There’re many advantages of strategic alliances and network structures as recent innovations in organizational architecture. They can gain better access to attractive country market from host country’s government to import and market products locally. Secondly‚ they can take advantage of partner’s local market knowledge and working relationships with vital
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“Female leader in the face of other cultures” A Norwegian and Mexican study Abstract Today women fulfil 2/3 of all the work in the world‚ but only earn 10% of the salaries. Women stand for half the food production‚ but only own 1% of the cultivable land. Half of the student graduates are women. They get good grades and they constitute for almost half of the qualified people in the labor market. Even though‚ the unemployment rate for women is a lot higher than for men.i In
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Review of literature The literature on employee engagement builds on earlier research and discussion on issues of commitment and organizational citizenship behavior (OCB)‚ but means more than what these terms encapsulate. The defining distinction is that employee engagement is a two-way interaction between the employee and the employer‚ whereas the earlier focus tended to view the issues from only the employee’s point of view. Definitions of engagement ‚or characteristics of an engaged
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Managing Organizational Culture The challenges encountered by the Copenhagen-based company SACC (Scandinavian Architect Consulting Company) after the acquisition of several firms around Europe can be explained using Hofstede’s theory. Comparing different countries‚ he found that there are 4 dimensions of national culture within the organizational culture. The 4 dimensions are power distance‚ uncertainty avoidance‚ individualism and masculinity. SACC’s top management has chosen to implement their
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This section will explore the concept of the iron triangle and related terms such as pork barrel politics. This thesis will look into the debates surrounding the concept of the iron triangle in the next chapter. In this section it will be explored what the nature of the iron triangle is‚ how it came into being and what kind of effect it had on Japanese society. The iron triangle First‚ we need to establish what the concept of the iron triangle entails. Japan rebuilt its economy after the Second
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Business Ethics Movie Summary Enron: The Smartest Guys in the Room The movie starts with a man named Kenneth Lay‚ he founded Enron. The idea of the film is a documentary of how Enron was managed‚ and by who it was managed‚ and what scandals they were up too. The name of the movie “ Smartest guys in the room” was given because it was not only Kenneth Lay behind the desk‚ he had a group of smart people managing Enron‚ one man by himself cannot manage to create a scheme‚ he needs help from a
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RM530 million Transmile accounting fraud – how Liong Sik is to assume responsibility as Chairman? Former MCA President and Cabinet Minister‚ Tun Dr. Ling Liong Sik was quite active in the past month‚ as a search with The Star archives would produce eight news items featuring him‚ including one today at the ceremony at the Universiti Tunku Abdul Rahman (Utar) campus in Kampar yesterday planting a Blue Pine tree. But he has been very reticent on what has been described as the biggest accounting and
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INTRODUCTION The Bermuda Triangle is a very real place where dozen of ships‚ planes and people have disappeared with no good explanation. Since a magazine first coined the phrase "Bermuda Triangle" in 1964‚ the mystery has continued to attract attention. When you dig deeper into most cases‚ though‚ they’re much less mysterious. Either they were never in the area to begin with‚ they were actually found‚ or there’s a reasonable explanation for their disappearance. Does this mean there’s nothing
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Leadership and Organizational Change Concepts Worksheet Concept Application of Concept in the Scenario or Simulation Reference to Concept in Reading Feedback Process In the Simulation‚ CrysTel contracts consultants to conduct surveys internally to identify the weakest and strongest of the departments’ characteristics. The consultants have been given a budget of $65‚000. An Employee Satisfaction and Climate survey (with a total cost of $48‚000) was utilized by the consultant. This is the
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