The Ethical Dimension Of The Demise Of Enron Corporation

This paper explores the ethical dimension of the demise of Enron Corporation an reflection of author, placed in hypothetical situations. Accounting Fraud and Management philosophy will be the main discussion topics, along with the motivations of fraud. The fall of Enron can be directly attributed to a violation of ethical standards in business. This makes Enron unique in corporate history for the same actions that made Enron on of the fastest growing and most profitable corporations, at the turn of the 21st century, also bout about its destruction. This paper does not explore legal consequences, only the ethical dimension of Enron’s actions. Enron Corporation: Ethics Case Study and Personal Reflection Capitalism is an amoral system that follows protocol of mechanical laws of supply and demand. Over the course of two centuries our country has tried to introduce ethics and morality into economic constructs. Anti-trust, labor laws, and regulation have been our attempts to introdu ce an ethical element into an otherwise unfeeling system of exchange. The reason, an attempt to reduce damage that is possible by the manipulation of capitalism. And to not only to create an even playing field but keeping the field from reverting back to being occupied by serfs. Corporations offer many benefits to society, increased supply of goods, tax revenue, jobs†¦etc. They can also cause damage as in the case of Enron Corporation. Brief History of Enron Enron Corporation was an AmericanShow MoreRelatedAccounting System Failures and Enron2835 Words   |  11 PagesAccounting System Failures and Enron Introduction: The 1990s say the United States enjoying unprecedented economic growth This would be led largely by the enormous profitability experienced by swelling corporate entities and multinational conglomerates. And at the height of this period of economic dynamism, it did appear that these corporate entities were leading the charge toward a new national prosperity. Sadly, the decade immediately thereafter would prove much of this unbridled success toRead MoreCarrolls pyramid of Corporate social responsibility: A review and modification1943 Words   |  8 Pagesmanagers see the different types of obligations that society expects of businesses. It is easily understandable and simple. However, the new challenges faced by corporations in the 21st century have warranted a re-examination of Carrolls pyramid. Carrolls CSR PyramidCarrolls four part CSR pyramid depicts the economic, legal, ethical and discretionary responsibilities that society expects of organizations. Carroll has integrated concepts of stakeholders and corporate citizenship into his pyramidRead MoreWalmart and Corporate Image3262 Words   |  14 Pageson the practices and programs the organization has to offer. Corporations that define and establish a clear and concise vision statement gain both competitive advantage and the loyalty of their employees. A strong corporate image will help to attract the best leaders in the market. When a company has a negative image, qualified people are not as easily attainable. This in turn can create a cycle that will lead to the overall demise of an organization. A company with a strong vision, which is acceptedRead MoreEnron Case Study5921 Words   |  24 PagesEnron Case Study [pic] Part A: Problem Focused Analysis and Recommendations. 1. Brief Case Background. List key events, use timeline. Case Background 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 partnershipsRead MoreEthical Misconduct7357 Words   |  30 PagesEthical misconduct prevalent in workplace Internal Auditor, Dec, 2005 by A. Millage †¢ 1 †¢ 2 †¢ Next  » DESPITE AN INCREASE IN the number of formal ethics programs in the workplace, ethical misbehavior is on the rise. According to a recent survey by the Ethics Resource Center (ERC), more than half of 3,000 U.S. workers polled have observed at least one type of ethical misconduct in the past year. The 2005 National Business Ethics Survey (NBES) sought workers opinions on workplace ethicsRead MoreNature of Strategic Management13243 Words   |  53 PagesIf business is not based on ethical grounds, it is of no benefit to society and will, like ail other unethical combinations, pass into oblivion. C. MAX KILLAN If a man take no thought about what is distant, he will find sorrow near at hand. He who will not worry about what is fat off will soon find something worse than worry. CONFUCIUS It is human nature to make decisions based on emotion, rather than on fact. But nothing could be mote illogical. TOSHIBA CORPORATION No business can do everythingRead MorePolitical Risk Management and Insurance: A Contextual Comparison12751 Words   |  51 Pagesrole of the Multilateral Investment Guarantee Agency (MIGA) - which is part of The World Bank Group will be analysed as the case of the supranational approach to political risk management through guarantee/insurance. Overseas Private Investment Corporation (OPIC) of the United States as the biggest of the national agencies - will demonstrate the state/ national concept through guaranteeing business ventures abroad, thereby offering another option to MNCs in managing political risk. The private sectorRead Moreeconomic15014 Words   |  61 Pagesfraud, and facilitate capital budgeting and forecasting. â‘ ¤ Explain how human resources information systems (HRIS) improve business-to-employee (B2E) communications, workforce productivity, and compliance with federal employment laws; and discuss ethical issues related to the use of HRIS data. QUICK LOOK at Chapter 9, Functional Area and Compliance Systems As a manager, you ll be involved in the interrelationships among various functions within the organization. Business functions are connectedRead MoreHbr When Your Core Business Is Dying74686 Words   |  299 Pageso div an gies t de o e e ma sing our ener , hav a 1992 by incre ce †¢ Sin further go 4%. by 2 n: Take eps g St o brin vron ear t Che nay billio CHEVRON is a registered trademark of Chevron Corporation The CHEVRON HALLMARK and HUMAN ENERGY are trademarks of Chevron Corporation  ©2006 Chevron Corporation A l rights reserved APRIL 2007 Features 58 What Your Leader Expects of You Larry Bossidy A longtime CEO reveals the behaviors that leaders should look for in their subordinates – behaviorsRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesBalance Work–Life Conflicts 21 †¢ Creating a Positive Work Environment 22 †¢ Improving Ethical Behavior 22 Coming Attractions: Developing an OB Model 23 An Overview 23 †¢ Inputs 24 †¢ Processes 25 †¢ Outcomes 25 Summary and Implications for Managers 30 S A L Self-Assessment Library How Much Do I Know About Organizational Behavior? 4 Myth or Science? â€Å"Most Acts of Workplace Bullying Are Men Attacking Women† 12 An Ethical Choice Can You Learn from Failure? 24 glOBalization! Does National Culture Affect