joining Enron and WorldCom as a household name for corporate scandal. The alleged financial fraud at Parmalat spans more than a decade and involves sums whose estimates have ballooned from EUR 4 billion to more than EUR 8 billion. Founder‚ chairman‚ and chief executive Calisto Tanzi has been ousted from the company and board and is under arrest. Enrico Bondi‚ who replaced Tanzi in December‚ has been given new authority to act as sole administrator of Parmalat. He has 180 days to save what he can of
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We will go through the BP business context and culture‚ safety aspect‚ organization capability‚ responsiveness and risk assessment aspects of their ethical culture‚ result from the management and caused the disaster. BP Business Context and ethical culture: From the BP management employer aspects‚ they are not follow some mechanical level‚ safety procedure over and ignored which required by Act (e.g. Clean Air Act) over 8 year for their production. At the end the huge explosion occurred in March
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Discuss the role of language in culture. Language is the most important aspect in the life of all humans. A language is the human capacity for acquiring and using complex systems of communication‚ and a language is any specific example of such a system. (Wikipedia.org) language is a method of human communication‚ either spoken or written‚ consisting of the use of words in a structured and conventional way. We use language to express or inner thoughts and emotions‚ make sense of abstract thoughts
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IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
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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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“What you do‚ the way you think‚ makes you beautiful” “What you do‚ the way you think‚ makes you beautiful” this quote by Scott Westerfeld means that if when the right thing is done ‚ or when someone tries to do the right thing ‚ and when they think good thoughts about other people ‚ and other things. When someone has good intentions‚ It makes them beautiful. That it is what true beauty is‚ it’s what’s on the inside‚ and not what other people see that’s on the outside
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Culture is defined as the beliefs‚ customs and the arts of a society‚ group‚ place‚ and time (Culture‚ n.d.). Russia‚ formerly known as the Union of Soviet Socialist Republics (U.S.S.R)‚ is the world’s largest country with over 100 distinct nationalities (McCauley‚ Dewdney‚ Conquest‚ Pipes‚ 2017). Russia is a rich and vibrant country with a deep history which directly explains their culture. Geography‚ government (past and present)‚ military force‚ religious beliefs‚ and primary languages spoken
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“Enron’s organizational culture” Questions for Discussion 1. Explain how Enron’s culture influenced practices outcomes‚ include advantages and disadvantages Answer: the advantages of Enron’s culture are that they were very aggressive (saying yes to other projects) and unethical (corruption‚ corners cutting)‚ in that way the company can generate a quick grow. But the disadvantages are very high; they completely lost control of the company because they gave freedom to young and
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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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DAVID HESSELGRAVE — ROLE OF CULTURE IN COMMUNICATION here was a time in the history of man . . . when the barriers between the earth’s peoples seemed to be mainly physical. The problem was one of transporting men‚ messages‚ and material goods across treacherous seas‚ towering mountains‚ and trackless deserts. Missionaries knew all too well how formidable those challenges were. Today‚ thanks to jumbo jets‚ giant ocean vessels‚ and towering antennae‚ those earlier problems have been largely resolved
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