.

Thursday, January 26, 2017

The Enron Scandal

?\nIf on that points anything that we could learn from the recent events in the corporate human race is that ethics has been undervalued. Many organizations admit been destroyed or severely damaged financially and took a hit in price of reputation, for example, Enron. The word ethical motive is derived from a Greek word called Ethos, message The character or value peculiar(prenominal) to a specialized person, people, culture or doing (The American Heritage Dictionary, 2007, p. 295). Ethics has always played and pass on continue to play a huge role at heart the corporate world. Ethics is unrivaled of the important topics that are debated at lengths without r for each oneing a conclusion, since at that place isnt a beneficial or wrong answer. Its basically depends on how each individual perceives a particular situation. Over the past few old age we have seen real poor wrong championship practices by companies like Enron, which has moved(p) many s push backholders. P oor unethical practices affect the society in many ways; employees turn a loss their job, investors lose their money, and the countrys prudence gets affected. This leads to people grow losing confidence in the delivery and the organizations that are macrocosm range by the so-called educate top executives that had one close in their minds, personal gain. When Enron entered the dig in the mid-1980s, it was little more than than a stodgy muscularity distribution system. Ten geezerhood later, it was a multi-billion dollar corporation, considered the eyeshade child of the new prudence for its willingness to use technology and the internet in managing energy. Fifteen years later, the company is filing for nonstarter on the heels of a coarse financial collapse, likely the largest in corporate Americas history. As this paper is being written, the scope of Enron collapse is solace being researched, poked and prodded. It will take years to determine what, exactly, the have- to doe with of the demise of this energy giant will be both on the industry and the economy as ...

No comments:

Post a Comment