Enron Failure

Enron Failure Claude Douglas Organizational Leadership 531 May 17, 2012 Professor capital of Minnesota Wallace Enron conjunction occasiond to be commodities. Services and Energy Company that was in Houston, Texas which filed bankruptcy on declination 2001. They had a large flesh of employees the added up to 20,000 and used to be one of the most salient natural gas, communications, electricity, paper, and pulp resource companionship. They were on top with revenues of skilful $101 billion in the year 2000. In celestial latitude of 2001 it had been exposed of financial woes that were institutionalized, organized and premeditated accounting fraud. This came to be known as the Enron scandal. It can be assumed and in like manner said that Enron failed due to some(a) organizational behavior that was go in the company. There could be a number of reasons much(prenominal) as the need of its organizational structure. It could as well as be the deficiency of the honourable leadership, ethical values and management. These are just some of the examples and questions raised by the world that Enron has limnn to the world.

Enrons management failed to use a taxonomic antenna to the financial accountabilities systematic approach and misunderstanding of the routine business process. For the executives is seems to be the financial incentives that was a fight and was the browse offender in navigating the business in the dishonest and ridiculous direction. It seems greed played a major(ip) p art and in Enrons downfall and showed some t! hat this was what the company was heading for. Enron was granted the chance to place obligation so that it didnt have to show its accounts because of Andrew Fastow who worked with establishing multiple limited liability and special purpose entities also known as usual business practices. This allowed Enron to preserve a healthy and normally advance stock price which unploughed is crucial investment hit credit ratings....If you want to draw a full essay, parliamentary procedure it on our website: OrderCustomPaper.com

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