WorldCom: Organizational Culture and Unethical Safeguards Organizational culture is one of four influences whether an ethical or unethical behavior will be made. WorldCom’s demise‚ deliberately overstating their income by $7 billion between 1999 and 2002; and their once valued stock of $180 million becoming nearly worthless‚ can attribute a significant amount of their failure on their “dis”organizational culture. Corporations worldwide who do not think this type of fraud can happen at the hands
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different explanations are offered for the collapse of Enron‚ the nation ’s seventh largest corporation‚ yet it ’s leadership was an obvious factor that contributed to Enron ’s demise. It will be completely erroneous‚ however‚ to think that the leaders of Enron were anything but superb. From 1997-2001‚ the leaders of this company transformed Enron into a "corporation of the new millennium" and a favorite of investors and analysts. Most leaders of Enron like Chairman Kenneth Lay‚ Chief Executive Officer
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suppliers with poor quality products. In an effort to lower improve on these supplies‚ GM became too aggressive with their suppliers. GM frequently shared supplier information with other suppliers to put pressure on them to reduce costs to GM. The unethical behaviors lead to the loss of suppliers. In an effort to be released from U.S. tariffs for importing their vehicles‚ the competition also began the realization of building their own manufacturing plants inside the borders of the United States. Quickly
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FORMOSA commit unethical actions while the remaining ones do not‚ it may lead to the internal conflicts among management since the business benefits and ethical business criteria do not come along together. As a definite result‚ those disagreements will break the cohesion of management‚ therefore lead to the difficulties of running the business. Secondly‚ the head of business or the managers can face up with losing respect of their employees when they are found out to commit unethical activities. It
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Unethical Credit Card Practices The ethics of credit card companies has to be in question. They are one of the few businesses that can change the rules on you and there is currently nothing you can do about. The credit industry is not your friend. They want to get you to borrow money from them and to keep you in debt for as long as possible. This way they have a constant flow of revenue through the interest payments‚ late charge fees and over the limit fees. They have many practices and charges
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The film titled‚ Enron‚ the Smartest Guys in the Room‚ is a phenomenal examination of an organization that in all likelihood started out to perform ethically but‚ after a modification in design and moral decision-making‚ it evolved into an organization based upon greed and performance no matter what cost. Ironically‚ the motto of this company was‚ “ask why” however this is perhaps the sole question that many employees are now asking themselves and should have routinely asked in the years
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going crisis of the XYZ Company‚ the reasons for such behavior from organizations and individual point of view based on the theories in organizational behavior. Recommendations to overcome this challenging situation will be suggested using the results proven concepts and theories in the field. Literature Review MARS Model McShane‚ S. L. ‚ Glinow‚ M. A. V.‚ Sharma‚ R. R.(2008) uses the MARS model to explain the drivers of individual behavior and results. The authors have used this to highlight
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"Enron the smartest man in the room" was a very intense story on how a fortune five hundred company CEO’S can get very greedy and turn on there employees. This story is very true and teaches you how to be true to your employees and also other business investors. This story tells you how wrong humanity morals can end up in greed and even death due to guilt. This story takes place with many business and financial advisors and writers who looked into the story and explained it the best they can to
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Enron: Smartest Guys in the Room by Amy Stavely 10 January 2015 Film Assignment Enron: Smartest Guys in the Room Enron is unquestionably the most well known ethical scandal of the business world. The only other scandal that even comes close is the Madoff Investment Scandal in 2008. Enron started out as a natural gas company but along the way added electricity along with pulp and paper to its list of commodities for sale. During it’s years of existence‚ Enron executives Kenneth
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ETHICAL BEHAVIOR Submitted to: Dr. Teresita G. Rancho Submitted by: John Albert Benasa Ma. Eloisa Blanza September 14‚ 2012 ETHICS IN ORGANIZATIONAL BEHAVIOR ETHICS: A General Perception Ethics means a set of principles of right conduct. The right conduct is about making choices that may not always feel good or seem like they benefit you but are the “right” choices to make. Ethics in the workplace in its simplest terms means doing the right things that guide your behavior at work
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