together to sell natural gas to most gas companies as well as businesses. This merge renamed the companies to Enron which was quickly grew as the largest natural gas company in the US. “Enron’s vision is to become the world’s leading energy company-creating innovative and efficient energy solutions for growing economies and better environment worldwide.” (www.thesmokinggun.com) Enron became a multibillion dollar company out of Omaha, Nebraska founded by Kenneth Lay, Andrew Fastow, and Jeffrey Skilling
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reasoning associated with them translate into behavior that are considered important aspects of ethical decision making in organizations. For example, the family background and spiritual values of managers provide principles by which they carry out business. Moreover, people go through stages or levels of moral development that affect their ability to translate values into behavior. There are distinct levels of moral development that affect behavior. The first level, as seen in children, is a
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Review of Accounting Ethics Dr. ACC 557: Financial Accounting May 22, 2013 Table of Contents 1.0 Corporate ethical breaches in recent times. 3 2.0 Accounting ethical breaches and their impacts 3 2.1 The Scandal of Enron 3 3.0 Organizational ethical issues and the management failure 5 4.0 Breach of the accounting practices and its impacts 5 5.0 Recommendations by the CFO 6 6.0 References 8 1.0 Corporate ethical breaches in recent times. Ethics is an important aspect of business in today’s
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Ethics and Social Responsibility Paper Ralph L. Kendrick MGT/ 498 September o4, 2013 Glenn O'Steen Ethics and Social Responsibility Paper Ethics and social responsibility has to be a part of any organization’s strategic management plan. Without the presence of these key elements the company could face some tough times. In this paper, the author will explain the ethical and social responsibilities of organizations as they relate to strategic management. In addition, the many ways an organization
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Examining a Business Failure - Tyco International Ltd Organizational behavior is defined as the study of the behavior of individuals, groups and structure and the impact to an organization. Organizational behavior uses the information gathered from this study to improve the organization’s effectiveness (Robbins, 2011). Organizational behavior focuses on a number of areas including the behavior of leaders, inter-personal communication, processes and structure within the organization, conflict and
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Society has been unfortunate enough to see what will occur when organizations and individuals who run them, do not include ethics and social responsibilities in their decision- making process. Because of detrimental events such as Arthur Anderson and Enron, organizations have had to change their manner of thinking and actions during strategic decision- making and planning processes. Organizations must take into account the impact the decision will have on every stakeholder and the environment. Organizations
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Enron case analysis: Occurred because: Leaders’ obsessive attention for the pursuit of profits: The issues that capture the attention of the leader (i.e. what is criticized, praised or asked about) will also capture the attention of the greater organization and will become the focus of the employees. If the leaders of the organization focus on the bottom line, employees believe that financial success is the leading value to consider and traits like integrity became a non-factor within the culture
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A Literature Review: Incorporating Ethics Training in Business Abstract As the need for showing the importance of ethical behavior standards has become more prominent of the past decade, this review intends to show the need for standards of ethics in businesses based on previous research. Ethical training within a business is a topic that has been debated on importance. It has been discussed as a benefit and as more of a cosmetic topic. There are many articles written that discuss what business
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are good or bad and organizations are powerless to change these folks. This bad apple idea16 is appealing in part because unethical behavior can then be blamed on a few individuals with poor character. Although it’s unpleasant to fire people, it’s relatively easier for organizations to search for and discard a few bad apples than to search for some organizational problem that caused the apple to rot. Despite the appeal of the bad apple idea, ‘‘character’’ is a poorly defined concept, and when
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University Leadership and Organizational Behavior – BUS 520 Christopher Hase January 15, 2011 How Personal Can Ethics Get? Depending on the leadership of an organization, ethical decisions can be influenced. Personal values and organizational policies and procedures help to understand decisions made in the case study “How personal can ethics get?” Background Can a persons ethical decisions be compromised in organizations? Personal values and organizational policies and procedures are the
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