We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Organizations on the Move - Essay Example

Comments (0) Cite this document
Organizations on the Move Abstract The report will try to throw some light on financial crisis of Nortel Networks Corporation. The company is involved in accountancy fraud to increase market valuation. This study will try to analyze reasons behind the financial fiasco…
Download full paperFile format: .doc, available for editing
Polish This Essay95.3% of users find it useful
Organizations on the Move
Read TextPreview

Extract of sample
"Organizations on the Move"

Download file to see previous pages Finally, the study will try to evaluate different remedies (like regulation of accounting/financial markets, regulation of incentives or regulation of punishment) to stop financial fraud. Table of Contents Table of Contents 3 Nortel Networks Corporation 4 Mechanisms to Align Managers with the Interests of Shareholders 7 Meltdown of Nortel More as a Failure of “People” 9 Why Do Businesspeople Keep Making the Same Mistake? 10 Remedies 11 Business Education 11 Regulation of Accounting/Financial Markets 11 Regulation of Incentives 11 Regulation of Punishment 12 Nortel Networks Corporation Nortel Networks Corporation is a well known telecommunication company. The company has its headquarters in Mississauga, Ontario, Canada. The company was founded by Charles Fleetford Sise Sr. in the year of 1882. The company has pioneered telecommunication boom in Canada during 1990s. Market capitalization of the company was more than $350 billion Canadian dollars in July 2000. Nortel accounted for more than 37 percent of the Toronto Stock Exchange during 1990s. The company offers various telecommunication services like wireless and broadband communications, global networking solutions etc. Share price of Nortel increased by 300% in the year 2000. The company has expanded business in North America rapidly. The company has revolutionized the concept of internet application in telecommunication industry. Market capitalization of the company has touched a record $398 billion in September 2000. The company has experienced a sudden fall in market capitalization during the year 2002. Market capitalization of the company slashed down to mere $5 billion in august 2002. The accounting system of the company has failed to produce a stable financial condition. Many top level corporate managers resigned during the tumultuous period. Government seized the trading in Nortel stock. Share price of the company was decreased by 335%. CEO of the company John Roth resigned in November, 2001. Securities and Exchange Commission (SEC) has filed fraud charges against the company. The company is currently in liquidation phase. Factors that Contributed to the Rise and Fall of Nortel Reason for the Rise of Nortel can be summarized in following manner. Breakup of American Telephone & Telegraph (AT&T) has created an entry scope for small telecommunication companies. The market has suddenly become oligopolistic in nature. The telecommunication equipment market was dominated by Western Electric, an AT&T subsidiary before 90s. Nortel took the opportunity and entered in telecommunication equipment market. The company fulfilled the market demand with vast array of service mix like wireless and broadband communications, global networking solutions. Cellular market has achieved an outstanding growth during 1990s. Growth in cellular market automatically created a demand pool for telecommunication equipments. Demand for telecommunication services has increased by more than 50% during 1990s. Nortel emerged as telecommunication service provider in the cellular market boom period. The company established itself as major supplier of telecommunication equipments. Nortel fulfilled the telecommunication equipment demand pool generated by cellular market. Personal computers were introduced by IBM and Macintosh during late 1980s. These two companies have revolutionized the concept of using computer in home. Customers using personal computer were well aware ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Organizations on the Move Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Retrieved from https://studentshare.org/management/1456073-organizations-on-the-move
(Organizations on the Move Essay Example | Topics and Well Written Essays - 2250 Words)
“Organizations on the Move Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/management/1456073-organizations-on-the-move.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
The United States Move to IFRS
The United States is in the midst of attempting to transform their long used accounting standards of, the GAAP, for the internationally recognized system, of the IFRS. This change is bringing about many benefits as well as concerns.
3 Pages(750 words)Essay
Production Warehouse Move Program Status
Executive Summary Trillo Apparel Company (TAC) is an apparel design and manufacturing organization whose operational headquarters is Albuquerque in New Mexico. The company has a divisional structure, which encompasses four distinct divisions namely District 1 in the North, District 2 in the South, District 3 in the West and lastly District 4 located in the East.
8 Pages(2000 words)Essay
As mentioned above, the program is aimed towards eradicating the major healthcare insures in Africa which includes HIV/AIDS and tuberculosis, Family Health, Malaria, Training health workers, surgical and clinical outreach and sanitation and clean water. The approach taken by this organization involved building local systems in the continent in order to achieve a lasting and effective healthcare service in the continent.
3 Pages(750 words)Essay
Motivations for public sector organizations to move from traditional procurement to eprocurement systems
These motivations are reduced transaction costs, increased efficiency, optimal matching between requirements and offerings and minimisation of the potential for corrupt procurement practices, ultimately contributing to increased organisational efficiency and performance excellence.
10 Pages(2500 words)Essay
Virtual Organizations
Isn't it amazing that you will have a virtual currency and you might buy something from this currency Gradually this concept keeps on growing and became "Virtual world". Normally we call internet a virtual world. Now some people get together and start running an organization on internet which does not exist really and had no central point and such organization is called "Virtual Organization".
9 Pages(2250 words)Essay
Teen in Transition. Impact of a Family Move
These feelings are common for teens that have to move. It isn't easy for anyone to pack up and leave everything that is familiar and try to fit into a new environment. But it's especially hard during a time in your life when there are already so many physical and emotional changes taking place.
5 Pages(1250 words)Essay
Youth on the Move. An Entrance Review Program
Some fail these exams because they have stopped schooling for quite a time and their minds have been outdated with the knowledge and skills from given by school curriculums. Some who has been continuously in attending classes still find it hard to pass the high school of college entrance exams because they are not focusing in schools subjects alone.
4 Pages(1000 words)Essay
The hierarchical form of governance, along with the standardization of processes, creates an environment where the technical efficiencies of the means are more emphasized than the ends. Organic organizations fit well with a
2 Pages(500 words)Essay
Quality Management Organizations
Moreover, there is robust growth of the quality management organizations in USA which are assisting the enterprises of all types for designing and implementing effective quality
2 Pages(500 words)Essay
1. Strategy in action; 2. Cultural leadership;3. Change or Perish; 4. Has anyone worked for an unethical leader If so, how did you deal with it; 5. What strategies, in your opinion, can leaders use to best handle downsizing and move their organizations
Most strategic decisions are based on the long term outcome. Strategic decisions can involve capital projects, human resource needs, and investment alternatives to raise money such as the sale of common stocks
4 Pages(1000 words)Essay
Let us find you another Essay on topic Organizations on the Move for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us