or affected by‚ the collapse of Enron? All stakeholders were‚ obviously‚ affected by the collapse of Enron. However‚ several of them were critical‚ especially those being considered as market stakeholders such as suppliers‚ creditors‚ employees‚ and stockholders. These mentioned stakeholders seem to be Enron’s most recognizable as the essential contributors to its organization. They dared of giving up an available alternative in order to take a risk with Enron in hoping of some benefits in return
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At one time Enron was one of the world’s largest producers of natural gas‚ oil‚ and electricity. It also appeared to be one of the most profitable companies‚ taking shareholders from $19.10 in 1999 to $90.80 by the end of 2000. Enron’s top management answered to a Board of Directors whose responsibility was to question and challenge new partnerships‚ ventures‚ and decisions within the company. On several occasions‚ Andrew Fastow‚ the company’s Chief Financial Officer approached the board of
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Discuss how members of a military unit could openly bring themselves to commit murder against some individuals and not feel any sense of deviance or criminal wrongdoing for the act. Be sure to include ideas from the work of Stanley Milgram in your answer. Many view murder as the malicious taking of human life. Murder during wartime in which one armed service member takes the life of an opposing armed service member is justified by military orders and beliefs. Of course‚ it is not always
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to do with the meltdown at Enron had no ethical standards. Enron had a lack of accounting transparency‚ which enabled the company’s managers to make their financials look much better than they actually were. I believe that Kenneth Lay got rid of several million shares of Enron stock and made over a billion dollars. While the Enron employees lost their jobs‚ the money in their pension funds as well as any money they invested into the company. Not only did Enron damage the lives of their employees
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Creative deviance in the organizational chart Definition of creative deviance in hierarchical organizations: Creative deviance occurs when individuals with new ideas disobey orders to suspend elaboration and choose to continue working. As idea generators run up against management’s old mental models‚ continue to pursue the creative idea becomes an act of deviance. Without such deviance‚ creativity has a difficult time surviving in the organization. While creative deviance is not ideal‚ such deviance
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Crime and Deviance Introduction Deviance consists of those acts that go against the norms and expectations of the society. Deviance can be positively sanctioned‚ negatively sanctioned or accepted without reward or punishment. Example: soldiers on the battlefield. May be viewed as deviant but soldiers may be rewarded with a medal since they conform to the values of society- value of courage. Compared to murderers – deviate from the accepted norms of society and its values- value for human life.
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crime and deviance‚ followed by an examination how such concepts have been acquired and accepted by society. Further reference will be made to the current crime statistics‚ and analyse some of the possible explanations for the high proportion of crime that is being committed by young males. Finally‚ consideration will be given to what the main sociological perspectives functionalism‚ Marxism and internationalism‚ would have to say about this whole subject. At first glimpse‚ crime and deviance are two
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. a. Kenneth Lay‚ Jeffrey Skilling‚ and Andrew Fastow. A common theme of the allegations leveled at the three executives was that they had created a corporate culture that fostered‚ if not encouraged‚ “rule breaking”. b. Andersen
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. a) With Enron‚ the responsibility and blame started with Enron’s executives‚ Kenneth Lay‚ Jeffrey Skilling‚ and Andrew Fastow. Their goal was to make Enron into the world’s greatest company. To make this goal a reality‚ they created a company
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Introduction to Criminology Understanding Crime and Deviance In my assignment I am going to be defining crime and deviance‚ formal and informal deviance‚ societal and situational deviance and the sources that can affect crime and deviance. I am also going to be discussing how we measure crime and deviance. Crime is an act that breaks the law or an instance of negligence that is deemed injurious to the public’s welfare or morals to the interest of the state and that is legally prohibited. Some
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