Enrons Organizational Culture Enron - 1643 Words

Enron: [Don’t] Ask Why During the year 2000, Enron was exceeding all expectations, its stock was through the roof, and the company seemed to be on top of the world. The next year Enron declared bankruptcy. So how did a company rise and fall so quickly? The key in analysing this question lies in Enron’s organizational culture, which is defined as â€Å"a shared meaning held by members distinguishing an organization† (Robbins and Judge, Essentials of Organizational Behavior, 269). During its prime, Enron appeared to be a successful and innovative company, but in reality was a company rooted in an organizational culture of corruption and greed. The five culture dimensions of stability, risk taking and innovation, attention to detail, outcome orientation, and aggressiveness are key to understanding how unethical behavior became such a problem at Enron. Before going into an analysis on the organizational culture at Enron, I will first elaborate on the severity of the unethical behavior that existed at Enron. The problem can best be shown in the words of an Enron employee who said â€Å"If I’m going to my boss’s office to talk about compensation, and if I step on some guy’s throat and that doubles it, then I’ll stomp on that guy’s throat†(Enron: The Smartest Guys in the Room). This culture of greed and corruption can also be seen through Enron’s mark to market accounting system, in which Enron cashed in on ideas and â€Å"future profits† without actually making anything. Furthermore,Show MoreRelatedOrganizational Culture : The Smartest Guys Of The Room1649 Words   |  7 PagesJudge, organizational culture is, â€Å"a system of shared meaning held by members that distinguishes the organization from other organizations† (Robbins 249). A strong organizational culture is on e whose organization’s core values are both intensely held and widely shared. After viewing Enron: The Smartest Guys in the Room, it is obvious that Enron had not only an organizational culture that was strong, but one that was extreme and aggressive. This aggressive and strong organizational culture discouragedRead MoreEssay on CaseAssignment21409 Words   |  6 PagesAssignment: Enron Case 9 Yesenia Garcia BUSI 472- B07 LUO Introduction In 1985 Ken Lay took over a couple of big name gas pipeline companies that came together and thus the infamous Enron Corporation began. They offered a variety of services that were not limited to natural gas but also included electricity, communications, and many energy related services. Together, CEO Jeffrey Skilling, Chairman Ken Lay, and CFO Andrew Fastow were able to bring transformation to Enron. They createdRead MoreFailure Of Responsible Management : Enron Corporation1645 Words   |  7 Pageswhich failure of responsible management. The Enron Corporation is an example, because Enron event is the typical case for organization failure of responsible management In the end of 2001, Enron scandal has been disclosure, Enron stock prices slumped, and its financial tricks was exposed. The Securities and Exchange Commission (SEC) began survey of company s records. Enron’s auditor ‘Arthur Andersen ‘destroys relevant documents. (Ailon, G. 2011) Enron was bankruptcy in December 2001, and became theRead MoreRise and Fall of Enron Essay872 Words   |  4 PagesThe rise and fall of Enron is a company that was lead to its own demise by it’s own leadership and ill business decisions. The motivational theories explained from the readings of Organization Behavior can correlate with the failure of Enron’s internal organization. Even though a company may appear to display successful business practices, the influence of leadership through management can ultimately lead the company to fail. Enron’s code of ethics prided itself on four key values; respect, integrityRead MoreThe Organization Behaviors Of Enron Essay1390 Words   |  6 PagesThe Organization Behaviors of Enron Introduction Enron is considered America’s largest corporate failure in history and is a story about greed, fraud, and human tragedy. In 1986, Houston National Gas and Internorth, a natural gas pipeline company, merged to create Enron with Ken Lay as the chair and chief executive officer (CEO). Lay transformed the company into a high tech global operation that traded water, energy, broadband, and electricity. In less than a year, problems arose of fraud andRead MoreEnron s Ethical Meltdown : Enron1097 Words   |  5 PagesReichart Extra Credit for Final September 6, 2016 Enron the Smartest Guys in the Room Question 1 Summarize 1 one page how you would explain Enron’s ethical meltdown: Enron was an energy company founded by Kenneth Lay in 1985 through a merger of vast networks of natural gas lines. Enron specialized in wholesale, natural gas, and electricity, and made its money as a wholesaler between suppliers and customers rather than actually owning any. Enron in fact didn’t own any assets, which made their accountingRead MoreComm101 Tutorial1 Essay858 Words   |  4 Pagesï » ¿Comm101 Tutorial 1) What were the individual factors that contributed to the failure of Enron? Briefly explain two key factors. Enron collapsed in large part because of the unethical practices of its executives. Egoism (Self interest) was one of the major factors contributed to the failure of Enron. Enron’s executives put their own interests above those of their employees, company and the public, and failed to exercise proper oversight or shoulder responsibility for ethical failings. They allowedRead MoreThe Impact Of Organizational Culture On Enron s Predicament And Understands How These Behaviors Were Cultivated And Reinforced1460 Words   |  6 PagesThe tale of Enron presents a unique perspective on success. In the short span of 24 months, Enron transformed from being the top firm in its industry to one that filed for bankruptcy. The reflection about how the tides changed in such a short period uncovers many surprising truths. In its glory days Enron beamed billion dollar profits each quarter, however this success was all a part of an elaborate scheme. Behind the veil of smoke and mirrors was a se ries of deceptive and unethical accounting practicesRead MoreEnrons Ethical Dilemma1118 Words   |  4 Pagesï » ¿Enrons Ethical Dilemma: Ethical and moral issues have received substantial focus in the modern society because of the recent cases in which huge corporations with big profits and earnings have faced bankruptcy. Enron is an example of corporations that have faced bankruptcy in the recent past because of the numerous problems it had with federal and state governments for manipulation of financial statements. While these problems are not only attributed to organizational issues, accounting firmsRead MoreA Discussion On Ethics And Law Essay1635 Words   |  7 Pages Enron, a Discussion on Ethics and Law Leadership’s Role in Ethical Dilemma As documented in a promotional video for Enron, Kenneth Lay states: â€Å"Enron is a company that deals with everyone with absolute integrity. We play by all the rules. . . We want people to leave a transaction with Enron thinking they have been dealt with in the highest possible way, as far as integrity and truthfulness and really doing our business right.† (Enron Vision and Values, 1998, 3:32) Whereas this message was intended

Prospect Theory and Premium Reflection Paper Free Essays

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Managerial economic free essay sample

Wal-Mart had a marketing campaign where it offered Every Day Low Prices, but this was not quite true in Mexico because it had significant import charges on many of the products brought from the U. S. After the implementation of NAFTA, Mexico became a free trade zone. This made it possible for Wal- Mart to reduce its tariff from 10% to 3 %. This led the government to solve the logistical problem due to the fact that Mexicos transportation system was below average. NAFTA encourages Mexico to improve the transportation system, which lowers the logistical cost. Additionally, NAFTA allows foreign investment in Mexico. As a result, Wal-Mart was able to build manufacturing plants in Mexico because of the cheap labor. In this particular case we can observe how low labor cost contributes to obtain low import tariffs therefore leads to cheaper products. Wal-Marts success in Mexico was definitely possible because of the NAFTA implementation. We will write a custom essay sample on Managerial economic or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Question 2 How much of Walmarts success is due to NAFTA, and how much is due to Walmart,s inherent competitive strategy? In other words, could any other U. S retailer have the same success in Mexico post-NAFTE, or is Walmart a special case? NAFTA benefits every company that is willing to operate abroad. This agreement solved some difficulties but Wal-Marts inherent competitive strategy was effective in the Mexican Market. As we all know Wal-Marts strategy to win against its competitors is its offered prices. The company is considered leader in the market because it has the capability to offer the lowest prices for this reason Wal-Mart is considered to have a large negotiating power. They can negotiate with suppliers to drop prices and consequently lower prices. In my opinion NAFTA benefits plus Wal- Marts purchasing power was the combination that allowed the company to be successful. Wal-Mart uses time inventory system which allows them to keep track of what they need and communicate this to their suppliers. Wal- Marts purchasing power is not available in other companies therefore if competitors any to survive they should compete against the companies prices or change the type of business. Question 3 What Have Comerci and Sorina done to remain competitive? What else do you thinks hey need to do remain competitive in the tuture? Comerci and Soriana torm a purchasing consortium that would allow them to negotiate better bulk price from suppliers. Comerci expand by opening new stores. Enter into several strategic alliances including with Wallmarts major competitor in US. Soriana bought Gigante supermarket chain and gain greater purchasing efficiencies for its larger network of supermarkets. Upgrading the supply chain and distribution channel system, reducing the using of warehouse that can cut cost of operation and logistic. Developing a strong relationship with supplier could make a comerci and soriana get a exclusive right of supplier , such as extra tenure on short term credit, lower rate on short term credit, lower price of product and so on. Create customer loyalty benefit, such privilege card or coupon, this action could make the customer loyal to comerci or soriana. Multiple source advantage, by doing this comerci and soriana could get more choice in choosing the supplier, which one could give a better rate and good service. Lobby for government intervention in avoiding a monopoly player in the arket, such as impose a regulation on floor price. Question 4 What do you think of Walmarts strategy in Mexico and Central America, and how have bilateral agreements and geographic proximity played a role in their success? What challenges do you think Walmart de Mexico e Centrameca will face as it continues to expand in Mexico and Central America? Walmart in Mexico penetrated the market with a Joint venture with its local player. This Joint venture helped Walmart gain better knowledge of the Mexican market and supplied Walmart with upplier connections, knowledge about the local culture as well as helping Walmart to work with local authorities. This ensured successful expansion of Walmarts power in the Mexican markets, gaining the greatest influence in the shortest time period. Bilateral agreement and geographic proximity played a roled in wallmart success interm of gain and access into more product and suppliers. Also have a better coordinate the network of 14 distribution centers in mexico and 11 central America, locating Wallmarts strategically throughout the region. Apart from it, Wallmart also stablished multiformat operations approach in the region to address different consumer segment

Meaning and Origin of the Surname Peterson

Meaning and Origin of the Surname Peterson Peterson is a Scandinavian patronymic surname meaning son of Peter. The given name Peter is derived from the Greek πΠ­Ãâ€žÃ ÃŽ ¿Ãâ€šÃ‚  (petros), meaning rock or stone, and has been a popular name choice throughout history for the Christian apostle Peter, chosen by Christ to be the rock on which the church was to be found.  It is estimated that there are over 700 different spellings of the Peterson surname and suspicions that the name came from the Danish name Petersen. Quick Facts The Peterson spelling may also be an Americanized form of similar non-English surnames such as Petersen or Pettersson. Five additional alternate surname spellings include Peters, Petersson, Peterssen, Peterzen and even Pedersen.The surname is most commonly found in European countries such as Denmark, Germany, Holland,  and Brussels in the northwestern region.In Denmark, it has been calculated that nearly 3.4% of the population has the surname Peterson.Peterson is the  63rd most popular surname  in the United States.Some of the most popular male first name with the surname Peterson include John, Robert, and William. Anna, Emma, and Mary are some of the most common female names.The origin of the surname includes  English, Scottish, and  German. Famous People Oscar Peterson: Canadian jazz pianist and composer  who won eight Grammy AwardsAmanda Peterson: Former American actress who was in the romantic comedy movie Cant Buy Me Love (1987)Drew Peterson: Former policeman convicted of murdering his wifeAdrian Peterson: NFL running back for the Minnesota VikingsDebbi Peterson: American drummer and musician in the all-female band, The Bangles Genealogy Resources 100 Most Common U.S. Surnames Their Meanings   Smith, Johnson, Williams, Jones, Brown... Are you one of the millions of Americans sporting one of these top 100 common last names from the 2000 census?Peterson Family Genealogy ForumSearch this popular genealogy forum for the Peterson surname to find others who might be researching your ancestors, or post your own Peterson query.FamilySearch - Peterson GenealogySearch and browse historical records and family trees for the Peterson surname and its variations on the free FamilySearch website.Peterson Surname Family Mailing ListsRootsWeb hosts several free mailing lists for researchers of the Peterson surname.DistantCousin.com - Peterson Genealogy Family HistoryFree databases and genealogy links for the last name Peterson. To find the meaning of a given name, review the resource First Name Meanings. If, for some reason, you cant find your last name listed below,  suggest a surname to be added to the Glossary of Surname Meanings and Origins. References: Surname Meanings and Origins Cottle, Basil. Penguin Dictionary of Surnames. Baltimore, MD: Penguin Books, 1967.Menk, Lars. A Dictionary of German-Jewish Surnames. Avotaynu, 2005.Beider, Alexander. A Dictionary of Jewish Surnames from Galicia. Avotaynu, 2004.Hanks, Patrick, and Flavia Hodges. A Dictionary of Surnames. Oxford University Press, 1989.Hanks, Patrick. Dictionary of American Family Names. Oxford University Press, 2003.Smith, Elsdon C. American Surnames. Genealogical Publishing Company, 1997.

Hrotsvitha von Gandersheimâ€Dramatist, Poet and Historian

Hrotsvitha von Gandersheim- Dramatist, Poet and Historian Hrotsvitha of Gandersheim wrote the first plays known to be written by a woman, and she is the first known European woman poet after Sappho. She was a canoness, poet, dramatist, and historian. Surmised from internal evidence of the writings that she was born about 930 or 935, and died after 973, perhaps as late as 1002 The German Dramatist is also known as Hrotsvitha of Gandersheim, Hrotsvitha von Gandersheim, Hrotsuit, Hrosvitha, Hrosvit, Hroswitha, Hrosvitha, Hrostsvit, Hrotsvithae, Roswita, Roswitha Hrotsvitha von Gandersheim Biography Of Saxon background, Hrotsvitha became canoness of a convent in Gandersheim, near Gà ¶ttingen. The convent was self-sufficient, known in its time for being a cultural and educational center.  It had been established in the 9th century by Duke Liudolf and his wife and her mother as a free abbey, not connected to the hierarchy of the church but to the local ruler.  In 947, Otto I freed the abbey completely so that it was also not subject to a secular rule.  The abbess in Hrotsvithas time, Gerberga, was a niece of the Holy Roman Emperor, Otto I the Great.  There is no evidence that Hrotsvitha was herself a royal relative, though some have guessed that she might have been. Although Hrotsvitha is referred to as a nun, she was a canoness, meaning that she did not follow the vow of poverty, though she still took the vows of obedience and chastity that the nuns did. Richarda (or Rikkarda) was responsible for the novices at Gerberga, and was a teacher of Hrotsvitha, of great intellect according to Hrotsvithas writing.  She later became an abbess. At the convent, and encouraged by the abbess, Hrotsvitha wrote plays on Christian themes. She also wrote poems and prose. In her lives of the saints and in a life in verse of Emperor Otto I, Hrostvitha chronicled history and legend. She wrote in Latin as was usual for the time; most educated Europeans were conversant in Latin and it was the standard language for scholarly writing.  Because of allusions in the writing to Ovid, Terence, Virgil, and Horace, we can conclude  that the convent included a library with these works.  Because of mention of events of the day, we know that she was writing sometime after 968. The plays and poems were shared only with others at the abbey, and possibly, with the abbess connections, at the royal court. Hrotsvithas plays were not rediscovered until 1500, and parts of her works are missing.  They were first published in Latin in 1502, edited by Conrad Celtes, and in English in 1920. From evidence within the work, Hrostvitha is credited with writing six plays, eight poems, a poem honoring Otto I and the history of the abbey community. The poems are written to honor saints individually, including Agnes and the Virgin Mary as well as Basil, Dionysus, Gongolfus, Pelagius and Theophilus.  Poems available are: PelagiusTheophilusPassio Gongolphi The plays are unlike morality plays that Europe favored a few centuries later, and there are few other plays extant from her between the Classical era and those. She was obviously familiar with the classical playwright Terence and uses some of his same forms, including satirical and even slapstick comedy, and may have intended to produce more chaste entertainment than Terences works for the cloistered women. Whether the plays were read aloud or actually performed, is unknown. The plays include two long passages which seem out of place, one on mathematics and one on the cosmos. The plays are known in translation by different titles: Abraham, also known as The Fall and Repentance of Mary.Callimachus, also known as The Resurrection of Drusiana.Dulcitis, also known as The Martyrdom of the Holy Virgins Irene, Agape and Chionia or The Martyrdom of the Holy Virgins Agape, Chionia, and Hirena.Gallicanus, also known as The Conversion of General Gallicanus.Paphnutius, also known as The Conversion of the Thais, the Harlot, in Plays, or The Conversion of the Harlot Thais.Sapienta, also known as The Martyrdom of the Holy Virgins Faith, Hope, and Charity or The Martyrdom of the Holy Virgins Fides, Spes, and Karitas. The plots of her plays are either about the martyrdom of a Christian woman in pagan Rome or about a pious Christian man rescuing a fallen woman. Her Panagyric Oddonum is a tribute in verse to Otto I, the abbess relative.  She also wrote a work about the abbeys founding, Primordia Coenobii Gandershemensis.

WORLD WAR II IN THE PACIFIC THEATER Essay Example | Topics and Well Written Essays - 1500 words

WORLD WAR II IN THE PACIFIC THEATER - Essay Example 10. The main strategic objective Admiral Nimitz included in almost all his operational directives to Task Force Commanders was: A. Related to the situation at hand; a secondary objective of sinking Japanese carriers if the opportunity existed; and risk was acceptable.11. Advantages of the Southwest Pacific thrust of the multi-pronged U.S. Pacific strategy included all of the following except: A. A lack of unity of command at the operational level in that the Australian commander, General Sir Thomas Blamey, was co-equal with the American, General Douglas MacArthur, which inhibited some operations, but ultimately improved Allied command relationships.12. While U.S. grand strategy emphasized "Europe First," by the end of 1943, the flow of resources and manpower from America in both theaters remained basically equal. Why was this so B. With the landings in the Aleutian Islands the Japanese were a serious threat to the West Coast of the United States. 13. The decisive factor for U.S. success in the Pacific Theater in World War II was the: B. Outstanding decision process resulting in both operational and strategic success in the carrier battles of World War II. 14. The dominant element among Japanese leaders in the strategic debate prior to Pearl Harbor was: B. Admiral Isoroku Yamamoto15. The Navy's role in Japanese strategy was: C. Essential to attainment of overall Japanese political objectives as only the Japanese Navy could secure the "Southern Resource Area" vital to the Japanese economy and war effort.... B. They arrayed the nearly 200 ships they employed in the action in widely separated and non-reinforcing groups, thus depriving themselves of the opportunity for a decisive night action with battleships and cruisers against the surviving U.S. carriers. A. A lack of unity of command at the operational level in that the Australian commander, General Sir Thomas Blamey, was co-equal with the American, General Douglas MacArthur, which inhibited some operations, but ultimately improved Allied command relationships. C. The carrier Enterprise, under repairs for the bomb hits she took during the Battle of the Eastern Solomons, did not arrive in theater until 24 October and the U.S. would thus have only the carrier Hornet available. D. lack of aircraft carriers since, after the battle, the U.S. was down to a single carrier and had to rely on the British to provide H.M.S. Victorious until U.S.S. Saratoga returned to Fleet service and other new-construction carriers started to join the Fleet 30. A strategy is only as good as the Material Dimension that supports it. In terms of the U.S.

Leadership Position.Cross Cultural Decision Making Assignment

Leadership Position.Cross Cultural Decision Making - Assignment Example International business ethics is of high value, especially when team members originate from other countries. It is a spicy mixture, if team members originate from UK, Brazil, Egypt and Colombia.   A mixture of Eastern and Western culture is an effective conglomerate, but it may take time and effort to make this unity successful. A diverse world requires numerous opportunities and gives many chances for goals realization either by individuals or by the company. A leader is a mediator of relations between employees and organization. From his apt communication of goals depends future performance of the organization. A current task is challenged by international nature not only of its team members, but also by location of plants. The first plant is based in Ireland and the second plant is located in Honduras.   Raw materials come from different international companies. Manufacturing plants are located in different countries and it is very much important that cultural differences in c ommunication among employees of the plants should be properly considered by a leader. For example, lingual and cultural barriers can exist. To overcome them a wise leader should set correct goals and inspire team members of high performance by means of rewards. ... That is why it is very important for employee the way he is perceived by the leader and other members of his team. Therefore, to motivate employees from different countries, it is possible to take the following steps: to choose between need-based models of motivation and process-based models of motivation. In accordance with Hofstede (2003), the first type of model is based on social orientation, power orientation, uncertainty orientation, and goal orientation. This approach is relevant to representatives of uncertainty-avoiding cultures, when employees are focused on job stability and a personal security. It is better to implement reinforcement, which leads to positive outcomes and avoid punishment, which leads to negative outcomes (Trompenaars, 2004). To avoid misunderstanding, it is better for managers to develop his practices in compliance with a formal code of ethics of the organization. Ethical dilemmas can be dealt in interactive way, when members of organization have an oppor tunity of trainings visiting, which are mainly focused on ethical aspects of business (Alanazi & Rodrigues, 2003). Social responsibility is another integrative element of a successful international leadership. Basic human needs of employees, their rewards, promotion and support should be of high importance for the modern leaders. A modern process of decision making should be regulated by a leader with respect to the following facts: â€Å"a set of social relations  which includes consumption patterns, market regulations, ownership and control structures, labor conditions, government decision making, and the motivations and aspirations of the actors involved† (Thompson 1994, p. 4). Especially in the international context these factors play even