hope you all doing fine. Me? I’m okay after all this years‚ still strong and awesome. Hahahaha. Anyways‚ my 50th wedding anniversary was such a successful event‚ It’s like a family reunion to me‚ and I’m so thankful 98% of invited didn’t disappoint me‚ First it was like a big reminiscing party. I remember when we were young and I remember my wife now… It was like just yesterday… I missed everything about the past‚ how we watch cinemas when we were young… how we solved problems each time… how we forget
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“What Went Wrong at Enron?” Trident University International Phillip M. Cherry Module 5 Case Assignment ETH 501: Business Ethics Dr. Michael Garmon March 1‚ 2012 3/1/2012 Introduction In this paper I will provide a critical evaluation of the Corporate Culture at Enron‚ explain how the business ethics and operations were influenced by the corporate culture‚ and what went wrong. In addition
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in this case: how did Enron lose both its economical and ethical status? This question makes the Enron case interesting to us as business ethicists. Enron ethics means that business ethics is a question of organizational "deep" culture rather than of cultural artifacts like ethics codes‚ ethics officers and the like. BackgroundAt the beginning Enron faced a number of financially difficulty years. In 1988‚ the deregulation of the electrical power market took effect and Enron redefined its business
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Downfall of Enron Corporation “Ethics and integrity are at the core of sustainable long term success … Without them‚ no strategy can work and‚ as Enron has demonstrated‚ enterprises will fail. That’s despite having some of the ‘smartest’ guys in the room.” by Richard Rudden. As the quotation states‚ ethics and integrity play a key role in the success of any corporation; through these principles‚ companies can ensure their compliance with law‚ build a strong relation with their stakeholders‚ and create
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WHAT IS CORPORATE STRATEGY? Although strategy has different definitions by various authors‚ to understand Corporate Strategy we begin by defining strategy. "Strategy is the direction and scope of an organization over the long-term: which achieves advantage for the organization through its configuration of resources within a challenging environment‚ to meet the needs of markets and to fulfil stakeholder expectations” (Johnson‚ Scholes & Whittington‚ 2008). From the definition given by Johnson
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nd nd 2 INTERNATIONAL CONFERENCE ON BUSINESS AND ECONOMIC RESEARCH (2 ICBER 2011) PROCEEDING WHAT IT TAKES TO BE A MANAGER: THE CASE OF MALAYSIAN FIVESTAR RESORT HOTELS Rozila Ahmad (rozila@uum.edu.my) Noor Azimin Zainol (azimin@uum.edu.my) Universiti Utara Malaysia Sintok‚ 06010 Kedah ABSTRACT This article investigates the requirement for managerial posts in five-star resort hotels in Malaysia. Despite the growth of hotel industry in Malaysia‚ academic literature especially qualitative
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CORPORATE GOVERNANCE LESSONS: CORPORATE GOVERNANCE SUCCESSES AND FAILURES |Student Name: Binish Nida Afaque | | WHY CORPORATE GOVERNANCE BECOMES IMPORTANT NOW? Corporate Governance standards are changing now. The 2008-2009 global financial crisis hit almost the whole world and causes the economic meltdown and recession not only in developing countries but in many rich and developed countries. That is why the debate on the importance of state intervention
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Enron entered the year 2001 as the seventh largest public company in the U.S‚ only to exit the year as the largest company to ever declare bankruptcy in U.S history. a) What were the business risks Enron faced and how did those risks increase the likelihood of material misstatements in the Enron’s financial statements? Enron faces most of the risk ordinarily faced by any energy company‚ including price instability and foreign currency risks. Enron operated in many different areas of the
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article “Examining Corporate Governance Policies‚” by Bitner and Dasher (2007) is a magazine article of a reputable magazine called “Commercial Lending Review.” The purpose of article is to explain the business relations of earning management to the corporate governance and the necessity of corporate governance in order to maintain business’s relationship with the management and the public. This article is very useful source for the report because it explains what the corporate governance is and relates
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PROGRAMME MSc INFORMATION SYSTEMS MANAGEMENT MODULE MIM 710 –E-CORPORATE GOVERNANCE LECTURER MR T TSOKOTA ASSIGNMENT 1 Question: What lessons can Zimbabwe learn from Enron? Introduction Enron Corporation was one of the world ’s leading energy companies based in Texas‚ USA. Before filing for bankruptcy in the year 2001‚ Enron employed more than 20‚000 people. Its revenue in the year 2000 was more than $100 billion. It was named
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