Enron ethics and organizational culture

Document Type:Thesis

Subject Area:Business

Document 1

O. was Kenneth lay and Omaha-based InterNorth. The two incorporated and appointed Kenneth Lay as the C. E. O. pp 304-325). This led to the companies collapse for its shares traded very high based on the estimated financial position of the company. Mr. Skilling knew the actual company's financial position and took advantage of the situation. He reported higher values on the financial statement, which was not the actual amount. With no internal auditors to manage the company's progress, accountability was compromised. Mr. Skilling brought about changes that later negatively affected the company. His influence in the company was attributed to his tender age and abilities of a young, energetic, and charismatic nature. Though he was not alone, he manipulated the company's position in the market.

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The firm largely depends on efforts and management skill offered by Andy Fastow for the smooth running of the activities, for he financed the project of the company. Andrew Fastow financed the firm with the most complicated form of financing. Skilling laid out the structure and set the goals of the firm to be met (Benke 2018). They were of great impact on the organization, both positive and negative. Experienced management smoothly leads the organization. His final decision affects the organization, both negative and positive aspects. Question four: Sherron Watkins: trial case At the trial, Sherron Watkins was a great player. She played a significant role as a whistleblower. Watkins broke the silence and talked about the concerns of the company having known what was going on in the company.

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"Knowing what is right, then being silent does not make any good," said Watkin. She wrote memos to the management raising concerns about the company's position and all the allegations she knew. She advised ken lay to come out clean and pinpoint the financial constraints of the company. She risked her life, exposing the shortcomings of the company; the management could have assassinated her or dealt with her in some other way. Question five: Jeff skilling's "survival for the fittest. " Jeff skilling, in his observation, quoted that 'survival for the fittest money is the one thing that motivates employees' though to some extent this is the primary motivator. When the level of education or experience is not the same, then it tends to favor the employees who are more qualified than the others.

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