OB 3. OB in the Managerial Context 4. Importance of Ethics 5. Five sources of OB MGMT641_S1_2015_JLarkin MGMT641_S1_2015_JLarkin What is OB? • An interdisciplinary field dedicated to better understanding and managing people at work • Why study OB? – To interact more effectively with others in organizations – People skills complement technical skills MGMT641_S1_2015_JLarkin • • • • Human Relations Movement The Quality Movement E-Business Revolution Human and Social Capital History
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Enron is a Houston based energy firm which was credited to create market trading in energy. In just sixteen years, it becomes the world’s largest energy trading company. Offered its services to thousands of customers around the world including Wholesale Services, Energy Services and Global Services combing broadband and transportation services. It experienced a meteoric rise and has 22th rank in the fortune’s 100 best companies list in America in 2000. With the energy crisis in California, Enron
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1. Explain the meaning of “creative accounting” and “earnings management”. Earnings management defines as the choice by a manager of accounting policies or real actions that affecting earnings, in order to achieve some specific reported earnings objective. Earnings management includes both accounting policy choice and real actions. There are two categories of accounting policies which are the choice of accounting policies per se and the discretionary accruals. One is the choice of accounting
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Business Ethics Cindy Camargo MGT/216 August 18, 2010 Richard Moreno Business Ethics Ethics is often described as the study and evaluation of human behavior in the presence of moral principles or values. Moral principles are viewed two ways. One is the standard of conduct those have constructed for themselves and the other focuses on the obligations that society requires of its members. People have reflected on the intentions and consequences of their acts and that is why ethics
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organization’s ethics, actions, culture, morals, and management style, all make a balance in which a company is successful or if it fails. What made Business Ethics important in corporations today was the lack of small face to face businesses, and the rise of huge multinational corporations. Managers and CEO’s of these corporations are who essentially implement the decisions and get paid for their skills. Business ethics concerns have escalated ever since business owners started to hire high paid professional
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paper will also relate its discussions with the case study about Enron a USA company that collapsed as a result of unethical behavior in the management. Some of the components that will be highlighted in the paper include; the importance of an ethical culture in an organization, the dangers of lack of ethics in an organization and the strategies that can be used to promote ethics in an organization. Justification of the research. The study of the role of individual managers in the ethical
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Governance, Accounting, and Auditing, Post-Enron Group 1: Student Name__Seven Autrey_____________________________________ Student Name__Duc Nguyen_____________________________________ Telling the Enron Story Name five ethical problems and the existing conditions that caused the Enron fiasco. Explain each. 1. Fiduciary Failure – the board of directors failed to safeguard the companies from many inappropriate practices. 2. High Risk Accounting – Enron allowed high risk accounting in that
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level: achieve on the motivation and behaviour 1.12 Carnegie and Napier(1996) - X accept a/cting as a 'value-free body"…… NSW WATER "RIPOFF" 1.13 Shows how a/cting info prepared and used in ways to produce outcomes that could cause changes in society. Case 1.1 1.11 Theoretical analysis of social impact example Fig1.1 Page 1 of 16 SEMESTER 2 2011 CPA 118
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cutting a sons finger because in your society is wrong.... Ethics - Ethics Ethics is a topic in which many people or groups of people tend to disregard. There can be many reasons supporting the decisions that business firms or individuals make. In many cases, money or monetary gain can influence people to do unethical things either in the workplace or in everyday life. Ethics can be defined as beliefs that distinguish right from wrong. These beliefs are normally passed down from family so you make the
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The Sarbanes-Oxley Act is a bill passed by Congress in 2002 after several corporations took actions that caused their companies to fail. These companies include Enron and WorldCom. As a result of these actions, stockholders lost confidence in the financial system. The intent of the bill is to protect investors of corporations by making the corporations accountable for any unacceptable accounting errors and practices. The Act is named after its main proponents
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