` Enron: The Smartest Guys in the Room The movie‚ Enron: The Smartest Guys in the Room‚ is a classic story about corporate America’s greed an deceit that was discovered after the demise of Enron. The collapse of Enron was one of the largest bankruptcy in history and the movie captures the culture of money and politics involved in big American corporations. The film did a very good job portraying the culture that allowed Enron to become one of the largest corporations in America while
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What do you think is unethical? The countrywide approved everyone to get their loans‚ no matter they have jobs or not‚ no matter they have income or not‚ no matter they have assets or not. The criteria they use may be unethical. They don’t care whether the documents are valid‚ whether they can verify the income‚ whether the appraisal is any good. They just care about getting the loan closed‚ in order to do another loan. The underwriters/ contractors looked through the loan as quick as they can.
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Enron – The Ken Lay Indictment Questions/Answers for Discussion: 1. Is there sufficient evidence of fraudulent intent to convict Ken Lay for stock manipulation "beyond a reasonable doubt"? Why or why not? If we are answering the question with the given facts presented in this case study‚ there are only allegations. To convict Ken Lay for stock manipulation ’beyond a reasonable doubt’ means that a trial must happen and both sides: Prosecutor and Defense will present a case to convince the jurors
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Vissing (2011) explains culture as “an organized system of living and thinking. It contains shared attitudes‚ values‚ goals‚ and behaviors that are present in individuals‚ groups‚ organizations‚ or regions of the world” (p. 24). Describe some of the ways that the role of culture can shape our expectations about how people are supposed to behave? Use the following terms in your explanation: values‚ norms‚ material‚ status‚ groups and roles. Culture can shape our expectations about how people are
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Enron “The Smartest Guys in the Room” The Enron: The smartest guys in the room it’s a documentary film based in an important and huge company that was involved in a huge scandal in the American history. The Enron Corporation when they first start was a successful company. In its beginning‚ Enron was a small company from Texas‚ after years Enron became in the seven largest business in the U.S. with a smarts an experts employees working for Enron. The founder was Ken Lay a smart executive. The company
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changes in rules and regulations Since the Enron collapsed an array of new laws and regulations has been adopted to tighten corporate oversight. US offices were the first one to come out and implement the policies. Almost all of the firms had their headquarters in the US and they replicated their headquarters policies to a good extend in other offices around the world. Also other governments and regulatory bodies around the world came out with their country specific rules and regulations which are quite
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Maintaining a Healthy Work Culture Rachelle L. McTeer ORG/PSY5270 November 14‚ 2010 Amy Hakim‚ Ph.D. Abstract A healthy work environment refers to an organization in which people are valued and priority is given to the multiple aspects of the workplace that affect employees’ ability to function well in order to accomplish the goals of the organization. Creating and maintain a healthy work environment is a shared responsibility of everyone in the organization‚ it is the particular domain of
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Enron Corporation: THE RISE AND FALL; ACCOUNTING SCANDAL Submitted To: Professor Bill Bristol Submitted By: Kenneth Rhodes‚ Jr. Metropolitan College of New York (MCNY) TABLE OF CONTENTS I. ABSTRACT...............................................................................................................................2 II. purpose and service....................................................................................................3 III. HistorY.............
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Create a Customer Centric Culture Table of Contents Cover page .…………………………………………………….…….……….1 Table of Contents .....…………………………………………………..…………….2 Abstract …..…………………………………………….………………….3 Define the customer service culture ……………6 Communicate the culture …..……….10 Recruit to grow the culture ….….…….14 Empower Employees .…………..19 Visible and Accessible ….………..23 Recognize and reward action …………...27 Conclusion …….……
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about the “Enron scandal” over the years‚ it was interesting to learn about what specifically happened to the global giant company and how it reached its demise in the early 2000s. It seems as though Enron’s downfall had largely to do with the corporate culture instilled within the company from its inception in 1984. The idea of “get big fast” encouraged employees to do whatever they deemed necessary to drive earnings‚ even if it meant leaving ethics at the door. The arrogant culture signaled to
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