Enron Case An American Energy Company - 1604 Words

ENRON CASE Introduction â€Å"Organizational behaviour is a field which deal with the study of human behaviour with respect to individuals, structure and group of organization† (kinicki 2012). The study of organizational behaviour came in to importance to have an positive effect to the organization. The reflective essay focuses on the organizational behaviour concepts which lead to the downfall of Enron Company on 2001. Enron is an American energy company which is based on Texas. The company was run by Kenneth Lay and Jeffrey Skilling. The company was able to hide billion dollars of debt by projecting fake financial report and by some loopholes. Andrew Fastow was the chief financial officer of Enron at that time and he was able to mislead the directors of Enron by showing fake documents. After the bankruptcy case was filed, the company share went down from $90 to $1. The Enron failure was the largest bankruptcy in the history of US at that time.â€Å"Enron Debacle caused by greed, political connecti ons, and unethical actions resulted in a bankruptcy that shattered the lives and retirement savings of many employees† (Premeaux 2008, p, 14). In this essay we discuss four major OB concepts which were responsible for Enron scandal. Ethics The choice of doing things the correct way is termed as Ethics. It basically is to decide which is good and which is bad. To build an ethical culture in any organization, leader should always be trustworthy, they should encourage fairness among staffs,Show MoreRelatedEnron Case Study Analysis1699 Words   |  7 PagesBusiness Strategy Enron Case Study 09/08/12 Enron Case Study: From Company to Conspiracy 1. What is the History of Enron, and what current situation does it find itself in? Enron was created by a combination of companies. These companies were Houston Natural Gas and InterNorth. These companies were merged together in July 1985. CEO of Houston Natural Gas, Kenneth Lay became chairman and CEO of the combined company. This happened in February 1986. The company changed its name to Enron on April 10thRead MoreEnron Essay1433 Words   |  6 Pagesthe Enron Accounting Scandals Name: Do Minh Tam Class: MEP 100 Lecture: Karen Bird Date: December 24, 2010 Introduction Background From the 1980s until now, there have been a lot of accounting scandals which were widely announced on by media. The result of this situation is many companies were bankruptcy protection requests, and closing. One of the most widely reported emulation of accounting scandals is Enron Company. Enron Corporation is one of the largest energy companies in theRead MoreEnron And The Enron Scandal1588 Words   |  7 PagesEnron was a corporation located in Houston, Texas and in just fifteen years the US energy trading and utilities company grew to become one of America’s largest and more successful cooperation’s. Enron suffered a major fall. After being one of the most successful corporations Enron became the biggest company to file bankruptcy in history. In this research paper it will discuss about the history of Enron, the fraud committed and who is to blame. The historical development of white collar crime in theRead MoreEnron Scandal1477 Words   |  6 Pagesï » ¿Current issue: Scandals in auditing Enron Scandal 1. Introduction Accounting scandals are political or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. These days, not too often, these scandals are splashed as headlines across media. Why? Because there are complex groups of stakeholders who might be seriously affected by the scandals. Enron scam was the most remarkable scandal in 20 centuries by their institutionalizedRead MoreThe Ethics Of The Enron Case1407 Words   |  6 PagesThe Enron case is a very popular case to show how the profession of accounting is vital to make the corporate world of business flow reliably. Enron was recognized as one of the world’s major electricity, natural gas, communications and pulp and paper’s company. However Enron was found to record assets and profits at inflated, fraudulent and non-existent amounts. Debts and losses were found to be excluded from financial statements along with other major transactions between Enron an d other companiesRead MoreAgency Theory : Relationship Between Agents And The Business Essay1550 Words   |  7 Pageslevels of risk. Enron, was the world’s largest energy company in 2001. Enron forerunner, Northern Gas Company was incorporated in Delaware on April 25, 1930. From this date through July 1985, Enron had hundreds of purchases and new sub-entity constructions when they acquired Houston Natural Gas Inc. (Kastantin, 2005). On April 10, 1986, the company changed its name to Enron Corporation. Enron was an interstate and intrastate natural gas pipeline company, then later in 1989 Enron started trading naturalRead MoreBusiness Failure Paper1045 Words   |  5 Pagesfailure of one of the largest energy companies in the world, Enron Corporation. I will discuss the leadership, management, and organizational structure of the company and how this failure could have been prevented. Company Overview Enron Corporation was an American energy company in downtown Houston, Texas. Enron employed more than 22,000 workers and was one of the largest companies dealing with electricity, natural gas, and communications. In the year 2000, Enron claimed revenues of over $100Read MoreEnron s Financial Fraud And Corporate Fraud1700 Words   |  7 Pagescollapses was occurs in United States. Includes Enron, Global Crossing, Worldcom, Healthsouth, AIG and Lehman Brothers scandals. In the American capital market, the investors abandoned a number of large listed companies leads to the bankruptcy for those companies. The corporate frauds not only deceive investors, but also make oneself paid a heavy price. At the same time, it not only harm the capital market, but also caused a significant impact on American that resulted in regulation changes. These purposeRead MoreJaclyn Givens. Kathy Osburn. Management 101. 5/8/17. The1400 Words   |  6 PagesJaclyn Givens Kathy Osburn Management 101 5/8/17 The Enron Era â€Å"Just as character matters in people, it matters in organizations,† says Justin Schultz, a corporate psychologist in Denver. The Enron scandal had a big exposure in 2001 confirming the big secret to the increase in billions. In July 1985, Enron formed the merger of Houston Natural Gas and Omaha-based Inter North. The Enron corporation was an American energy company based in Houston Texas. The corporation’s catastrophe in 2001 signifiesRead MoreEnron Of Enron And Enron1387 Words   |  6 PagesEnron was formed in 1985 from the merger of two gas companies from Texas and Nebraska. Enron became the first company with all-American network of gas pipelines. In 1997 Enron bought power generating company Portland General Electric Corp. worth $ 2 billion. Before 1997 ended, the management turned the company into Enron Capital Trade Resources which became the largest American companies that trade in natural gas and electricity. Revenue increased dramatically from $ 2 bill ion to $ 7 billion

Essay about Assignment 1 AMH2020 - 639 Words

Assignment #1 Sarah L. Ribeiro AMH2020 September 11, 2014 During reconstruction, the meaning of freedom suited many different types of interpretation; the perception of freedom between former slaves and their slaves masters were very contradictory. To begin with, African-Americans had suffered severe abuse over those years of slavery, so to them, the meaning of freedom was basically a hope that in the future, they won’t experience all kind of punishment and exploration that they have been experienced so far. Besides that, formers slaves were demanding equal civil and political rights. In the same way, they valued their freedom by establishing their own schools and churches, reuniting families that were separated under†¦show more content†¦Despite the black codes had provided rights such as the marriage legalization and the ownership of property, they violated the free labor principle and denied the African-Americans the right to vote, and sue any white man. Foner (2014) found â€Å"In response to planter’s demands th at freed people be required to work on the plantations, the Black Codes declared that those who failed to sign yearly labor contracts could be arrested and hired out to white landowners† (p. 570) . In fact, it was a totally failure of what freedom was supposed to be. Another important characteristic of the Reconstruction after the civil war was the creation of the Freedmen’s Bureau. Its responsibilities according to Foner (2014) were related with social work, â€Å" Bureau agents were supposed to establish schools, provide aid to the poor and aged, settle disputes between whites and blacks and among the freedpeople, and secure for former slaves and white Unionists equal treatment before the courts† (p. 562) . Still, the Bureau lasted only until 1870, but made many achievements helping the black community. Certainly, freedom was supposed to be â€Å"freer†Ã¢â‚¬  for those slaves that had fought for their rights after years of submissionn, but, unfortunately, many white Southern people continued to ignore the law by not showing any respect for Africans-Americans. Because of the radical reconstruction in the south, the African-Americans were a step closer from the same political

Hotel the Guest free essay sample

First of all we would like to introduce about the creative side of our hotel. Let us start from the entrance of the hotel which portrays the image and also the first impression of the guests towards our hotel. The hotel’s location at the mountain top will need the guests to take a cable car to reach the final station at our hotel, and it will cost them RM12 per ride. During this ride, afternoon tea is served before the guests got into the cable car, and it consists of a slice of homemade cake and a cup of coffee or tea of their choices. Now let us proceed to our hotel lobby where check-in and check-out take place. Our lobby is a nature by itself where it is surrounded by various floras and also the guests can see some special species of birds from the view of our lobby. We will write a custom essay sample on Hotel: the Guest or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This concept came into my mind where I would like the guests to feel one with our Mother Nature. Besides, in the hotel lobby, we have a slot machine for the guest to redeem their discount voucher. In order to redeem their voucher from the machine, the guest needs to insert their room key card for verification purpose. On top of that, the voucher is only can be redeemed once for each key card presented to the machine. By having this voucher, our guests can enjoy the privilege of having discounts while dining in our restaurant, not forgetting enjoying a spa treatment and also buying souvenirs for their loved ones when they depart from the hotel. If the guest has the desire to travel around our hotel to experience the beauty of the nature, we do provide bugee service to bring them around the hotel, viewing nice scenery at the same time taking pictures. All of these extraordinary experiences will only cost them for RM15 per ride. Furthermore, we understand that some of the guests have a great passion towards extreme games. As such, our hotel also provides this specially designed outdoor game facility, which called Xtreme Game. These outdoor game activities include paintball, flying fox and Bungee jump, which will be charged RM25 per game. As for safety considerations, children below the age of 12 and also guests who have heart attack are strictly prohibited from taking part in these games. Since our hotel has already been a part of the Mother Nature, we also have jungle trekking activities for our guests. Nevertheless, our guests do not need to worry for their safety as this activity is accompanied by our fully-trained ranger. In this jungle trekking activity, our hotel provides a family package of four which costs RM200. In addition, our rooms have its own specialty where the guests staying in the room can fully experience the wildlife living in a jungle. This is where our guests may see animals walking pass just outside of the room and even beautiful fireflies outside their window during the night. This concept is mainly suitable for those guests who like adventure and stay far away from the city. During reservation, the guests can require a chalet with barbeque pit outside their room by the garden. However, this will be slightly higher price if compared to a normal room. For early birds, we do have promotions on special price for this room equipped with barbeque pit. As a conclusion, Utmost Hotel definitely has its own wild and wow factor to attract our targeted group of guests. Undeniably, this hotel is also a very good place for having a peaceful mind to achieve the calm and peacefulness for both body and soul. We have a certain level of confidence that our guests would certainly return for another visit, as they will surely love the nature environment as well as the service provided by the hotel. Indirectly, our hotel will also help to promote eco-tourism in our country and at the same time increasing the awareness of protecting the environment among the society.