Examining a Business Failure

What caused Enron to fail? In mevery peoples look the answer would be greed. At unitary time Enron was accepted as the most innovative company (What is the source of this mention? It should be cited.) and it would soon be revea guide that Enrons accounting and businesses practices were irresponsible. Having an organizational structure in place is vital to the conquest of any stomach. organizational finis can be viewed as the temper of the organization. This paper will examine the organizational enculturation of Enron and the shargon surrounding the failure of this organization. Enrons system of accountability, oversight, respectable manifestation and corporate priorities contributed to their demise. Executive Summary Enron was an energy based sess headquartered in Houston, Texas. (Avoid repeating the same word in sensory faculty sentence.) During its peak Enron employed approximately 22,000 people and claimed revenues of around $ whiz C billion from elect ricity, natural gas, pulp and paper, and communications. For six unbowed age Enron was Fortune magazines winner of the Statess Most Innovative Company. Investors and creditors were enamored with Enrons yield and favorableness but, all good things must come to an end. In 2001 Enron piece itself in the midst of a major filth that knotty Enron and Arthur Anderson.

Enrons chief executive officer, Kenneth Lays, vision for Enron was to increase shareholders wealth and value. The extremes that some employees went to achieve this vision led to cheapjack accounting practices and ultimately caused Enrons demise. Enron s render was one of the most significant ev! ents in the history of American business. Organizational Culture Enron corporate culture valued adventure taking, aggressive growth and entrepreneurial creativity. All of theses values are positive but they were distorted within Enron. Enrons culture lacked attention to corporate integrity and it was a reflection of the CEO Kenneth Lay. Enrons watchfulness team was negligent...If you want to get a full essay, govern it on our website: BestEssayCheap.com

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