(10 pts.) Enron will be an example of a dysfunctional company for many years to come. It was clearly a company riddled with fraud and excess and its conduct drove it into bankruptcy. The text argues that individual behavior was not at the core of Enron’s problems. What were the problems with this corporation from an organizational architecture point of view?
The text provided details for why it is so important to follow the ethical norms of society. The lessons learned from this topic could be applied to the team member’s professional careers because it assures the team that our current beliefs match those of an ethical society. The lesson further confirms that business and ethics go hand-in-hand and is just the
What are leaders? What is leadership ethics? Are ethical leader born? Or can leaders be developed and be taught to be ethical through the passing of time? and what is the most important ethical issue faced by business leaders today and also examining Martin Luther King’s Jr leadership style profile which I consider being very appropriate which will assist and support in determining these answers being questioned and also to the topic of Leadership as further in the essay will clearly highlight how ethics has been visibly implemented through the works of the father figure of human rights.
Managers of an organisation manage: themselves, people and relationships, policies and procedures, environments, financial and physical resources, information and technology, ideas, operations and processes. Leaders and managers demonstrate ethical behaviour when they: * match action to vision and espoused values * do what they say they will do * treat employees and society with respect * give as much as they receive As a leader, I am a model those behaviours, and to promote ethical workplace behaviours I should make clear expectations * lead by example * provide appropriate coaching, mentoring and
Known also as Black Tuesday, October 29th left stockholders shattered with recorded losses reaching $40 billion dollars (Kelly, n.d.). Many banks and financial institutions began collapsing which led to irretrievable, uninsured deposits and savings. Fearing further loss, people began spending less which led to a decrease in production and an increase in unemployment. As companies began to fail, the government devised the Smoot-Hawley Tariff in order to protect American businesses. The Tariff placed high taxes on imports leading to a decline in international trade.
The 1920′s could be described as economic boom gone bust. The early 1900′s began with an advancing industrial revolution and ended with the Stock Market Crash of 1929, which is one reason it is known as an era of contrast. The trigger that caused the great depression began with the boom in sales of stocks in a bull market. Credit was developed and debt was created. Stock prices hit rock bottom and wild selling left banks with little in reserves to stabilize.
Enron will be an example of a dysfunctional company for many years to come. It was clearly a company riddled with fraud and excess and its conduct drove it into bankruptcy. The text argues that individual behavior was not at the core of Enron’s problems. What were the problems with this corporation from an organizational architecture point of view? The problem of this company was to leave low-level employees make decisions with little knowledge they needed more trained staff.
It establishes a fundamental systems and processes for presenting and detecting misconduct, for investigating and disciplining, and for recovery and continuous improvement (Ferrell, Fraedrich, & Ferrell, 2011). The corporate governance did not protect the stakeholders because there was embezzlements from some employees and greed from the executive leadership. There was a lot of turnover at the executive level which made the organization weaken and may not able to carry out its mission. Not having this process in place to detect when there was some unethical acts being taking place has caused a lot of turmoil for this no-profit agency. There was not process in place to follow for recovery for when a mistake was discovered or a problem was reported.
Built on the Socialist ideology of state owned and run business, the declining Soviet economy was plagued by economic inefficiencies and corruption. The country suffered from decades of being tossed on the rough seas of inconsistent and capricious political leadership. There were many economic problems caused from the communism system. All the things they knew was taken away so suddenly most didn’t know what to do with themselves. The Government and Economy had fallen with the Soviet Union.
6, 2008. In an already tumultuous market the preferred stock of the two firms tumbled to below a dollar. September 2008 was the month that saw the fall of many financial institutions. Banks termed too big to fail. Lehman Brothers file bankruptcy, Merrill Lynch was bought out by Bank of America, and AIG, an insurance company that sold insurance to investment banks to cover the downturn of investments, was on the brink of financial distress along with so many other failing financial institutions.