What happened in Enron and Arthur Andersen? United States ’ seventh largest company Enron‚ with the slogan "Ask Why" was admired for its innovation‚ but it all ended up in bankruptcy and criminal matters. The company filed for bankruptcy in December 2001. This was one of the world ’s biggest corporate scandals in history. USA ’s seventh largest firm had in over sixteen years increased its assets from 10 billion to 70 billion U.S. dollars‚ and was by the stock market analysts from Wall Street
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Why Sony fail? When I read “Leading Change Why Transformation Efforts Fail”‚ I directly linked Sony with the transformation fail. Sony‚ the previous electrical giant‚ announced a record annual net loss of $6.4 billion for fiscal year 2011 in May 22 2012. This marks the fourth consecutive year that Sony reported substantial losses. Transformation efforts couldn’t turnaround the bad situation of Sony due to the mistakes that made by Sony in those transformation. First‚ Sony did not establishing a
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SOFTWARE BUG CRIPPLES THE IEBC SYSTEM Introduction: A software bug is an error‚ flaw‚ failure‚ or fault in a computer program or system that produces an incorrect or unexpected result‚ or causes it to behave in unintended ways. Most bugs arise from mistakes and errors made by people in either a program’s source code or its design‚ and a few are caused by compilers producing incorrect code. Bugs trigger errors that can in turn have a wide variety of ripple effects‚ with varying levels of inconvenience
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commercial cellular phone‚ was approved by the FCC. The 28ounce monster of a device was made available to consumers the following year. 1991 World’s First GSM Cellular System In Hanover‚ Germany in 1991‚ Motorola demonstrated the world’s first working-prototype digital cellular system and phones using Global Systems for Mobile Communications (GSM). 1995 World’s First
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Why Prohibition Failed Prohibition: Help or Harm? Prohibition damaged America Imagine this"¦ It’s 12:30 am in a dark New York City street during the 1920s. Everything is silent. Then a man walks around to the back of an old saloon‚ closed due to Prohibition. He knocks three times on the back door then mutters the words " Joe sent me". The door opens to the sound of ragtime music and people singing. The door shuts and it is silent again"¦ That was an example of just on of the 100‚000 "speak-easies"
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There is little doubt that the tactics used by the English fleet against the Armada were an important contributor to the Armada’s defeat‚ but was it English ingenuity that saved England from Spain‚ or was the rest downplayed to make England seem superior to Spain/the Habsburg Empire? In order to effectively analyse the comparative importance of English tactics‚ one must analyse the other causes for defeat. First of all‚ how important were English tactics? When the English first engaged the Armada
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The boards of directors are responsible for the governance of their companies so there has to be transparency in company reporting. Transparency is key aspect of corporate governance because of implementing corporate governance this will allow stakeholders and shareholders to review and evaluate performance of management and the company this ensures that the board of directors and the executive directors of corporations act in the best interest of shareholders and the corporations. It is implemented
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Enron: The Fall from Grace/ The World’s Biggest Fraud Outline A. Enron’s History B. Overview of Enron’s Operations 1. Wholesale Services 2. Energy Services 3. Global Services C. Enron’s Timeline D. Enron’s Role in The Energy Crisis in California E. The Fall of Enron F. Why Enron Fell from Grace? G. The Crash of Enron 1. Key Management at Enron 2. Enron’s Auditor 3. Credit Rating Agencies 4. Investment Banks 5. Links with The Government (Bush Administration) 6. The Link of Enron with The British
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performance of Y (NYSE : YYY)‚ the company he has run since late 2006. They show that it has been growing‚ earning high profit margins‚ and paying respectable returns to shareholders through dividends and stock buybacks. So‚ he wonders‚ what’s the problem? Why on earth has he been taking such an infernal amount of heat from investors‚ Wall Street analysts‚ and the media? He clearly resents it. All these years he has been trying to transform a soft drinks company -- into a global enterprise with a product
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Enron Case Study A company’s leadership and culture influences its business ethics. A company’s culture is known as the organizational culture. It is the actions and beliefs of individuals that work at the company. All the shared values and enforced policies contribute to organizational culture. “The leadership culture appears as an integral part of the organizational culture and it can have a positive or negative influence upon the latter.” (Popa‚ 2013‚ p. 179). The organizational culture
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