Free

Management papers - Essay Example

Comments (0) Cite this document
Summary
Skilling and ex CFO Andrew S. Fastow produced and carried out business thoughts that created major problems, that could not be solved either ethically or legally thus causing the downfall of the organization. For this purpose, company was created…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.4% of users find it useful
Management papers
Read TextPreview

Extract of sample "Management papers"

Management Papers Enron’s former CEO Jeffrey K. Skilling and ex CFO Andrew S. Fastow produced and carried out business thoughts that created major problems, that could not be solved either ethically or legally thus causing the downfall of the organization. For this purpose, company was created to be an asset light company as its risk management and trading skills were applied to assets heavy outsiders. In order to maintain its high credit rating and raising more capital, most of its assets were relocated by Enron into complex off-the-book special purpose units. The key players in this fraud, the top management, preferred their own short-term fiscal profits and stakeholder deceit that destroyed not only their business, social and personal reputations and position. Being pressured by Enron’s senior management, Arthur Anderson and Vinson and Elkins aided it in its deceit. Thus the fundamental source of fraud was the neglect of organizational and individual integrity capacity. The top management boasted themselves as credible corporate citizens though swindling employees and investors, the executives of Enron were aware of such misconduct still they remained silent and supported the top management thus neglecting the process integrity capacity by neglecting moral awareness, moral deliberation, moral character as well as moral conduct (Petrick & Scherer 39).
The Enron’s commitment to specific ethics theories, and deformed managerial judgments yielded poor outcomes in treating moral and behavioral complexity (Petrick and Quinn 4), thus neglecting the judgment integrity capacity. Moreover, the moral infrastructure at Enron lacked the system integrity capacity that’s why could not constrained the development of such a fraudulent, immoral and illegal activities.
In order to avoid such frauds in future, the managerial legal duties scope should be enhanced to comprise the democratic participation of institutionalized stakeholder in corporate governance. All level employees and stakeholders should be made accountable for their immoral conduct. An ethical culture should be developed in the organization that is supported by all the member of organization. Such immoral acts should be firmly penalized at all levels and ensured that their reoccurrence is minimized. Employee survey should be taken periodically to ensure that such acts can be reported from all levels within the organization. Whistle blowers should be encouraged and rewarded.
Works Cited
Petrick, Joseph A. & J.F. Quinn “The integrity capacity construct and moral progress in business.” Journal of Business Ethics 23.1(2000):3-18. Print.
Petrick, Joseph A. & Robert F. Scherer. “The Enron Scandal and the Neglect of Management Integrity Capacity.” Mid-American Journal of Business 18.1(2003): 37-49. Print. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Management papers Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Management papers Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/miscellaneous/1606828-management-papers
(Management Papers Essay Example | Topics and Well Written Essays - 250 Words)
Management Papers Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/miscellaneous/1606828-management-papers.
“Management Papers Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/miscellaneous/1606828-management-papers.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Management papers

Research papers

...x staff were the factors that affected the customers intention to revisit the cafe x. Question 10 From the model summary we see that the value of R- square is below 1 therefore implying that the formula that was used which focuses on minimizing the SS error. in this R- squared increases as the number of variables in the model are increased. The high value of the F-statistic implies that the data is very much from the same group. The results from the coefficients table imply that the difficulty to open the commodity was the only item that affected the preference of our product. This has a direct implication to the management that they should reconsider the packaging of the product to allow ease use of the product among...
14 Pages(3500 words)Research Paper

Speech papers

...?Speech Paper: Since the year 2001 or shortly after the 9/11 attacks in America and the ensuing War on Terror, there have been significant bias and prejudice in media coverage that portray Arabs and Islam as a whole. There is no need to look hard because the fact is obvious for everyone to see: the Arabs and Islam are almost always covered in negative light particularly in the Middle Eastern conflicts - always being associated with terrorism, extremism, religious fanaticism, and violence and nothing else. In an investigation on the subject in the Australian context, Manning analyzed more than 12,000 news articles from 2000 to 2002. He uncovered the unsettling fact that Arabs and Islam have been on the news because of: 1)...
3 Pages(750 words)Essay

Federalist Papers

...and their influence in the society and political activity could be controlled through the creation of a larger republic managed through representative democracy. Federalist#51 Federalist 51 is another important essay in the series of Federalist Papers outlining the need to have a proper check and balance system. Further it also outlines the need for separation of power in the government. Outlining the overall purpose of the paper, Madison argued that by creating separate branches of the government, the overall rights of the people can be safeguarded. By advocating less dependency of each member of different departments, it can be ensured that the overall influence of each department on...
4 Pages(1000 words)Essay

Analyze papers

...despite the harsh economic conditions in the society (Boggs p 3). Thesis: American colleges are democratic, diverse and offer equal opportunities in access of quality education American colleges are democratic since citizens have equal access regardless of age, gender, race or ethnic background. The education is accessible, quality and ensures a learning lifeline for the rural communities. The community colleges offer critical workforce for the nation since a majority of the first responders including firefighters, police officers and paramedics have postsecondary credentials (Boggs p 3). The education provide local economies with required skills such as the Alabama Southern Community College that offers paper technology...
4 Pages(1000 words)Essay

Rewrite PERSONAL DEVELOPMENT PLAN papers based on tutor's feedbacks for my course International Strategy Management. Writer MUST be ON TIME. Writer needs to s

...in courses that will hone these skills and talents. Aside from formal education, I will also make use of my free time to improve my command of the English language. This means that I will immerse myself in books, movies, and any other recreational activities. I also want to invest on buying CDs and other multi-media instructional tools to achieve the same purpose. Also considering that group presentation is difficult to me, I will also prepare thorough preparation to practice my oral language skills in front of own team members. This way I will be better in managing emotion during presentations. 2.3.3. Taking the Initiative In-group meetings, I seldom to give personal comments, because I am lacked confidence, I...
8 Pages(2000 words)Essay

Politic papers

...1. Memo to Secretary of Condoleezza Rice I am sure that you know about the many short-term and long term challenges that North Africa and the Middle East are facing nowadays. These challenges do just affect these areas politically, economically and socially, they also pose a great threat to the very survival of its people. Fortunately, the United States, with all its resources, can do a difference in the lives of the people in these parts of the world. I therefore submit to your good office the following points for consideration in formulating policies for interventions in these areas. a. Security Issues Human security is one of the greatest challenges faced by the Middle East and North Africa Region. Wars have raged... Memo to Secretary of...
7 Pages(1750 words)Essay

Papers

...to the development of internet technology. There are a number of factors which have resulted in a drastic increase in the electronic trade which includes innovations in electronic fund transfers also called EFT, electronic data interchange , internet marketing, inventory management systems, online transaction processing, supply change management, and automated data collection systems. The payment gateway used at the time of completion of an online transaction normally involves World Wide Web and some times even wider range of technologies. There are a few transactions for which there is no need of any physical labor like access to premium contents on a web site, being a paid member of some of the web...
10 Pages(2500 words)Essay

Response papers

...Your F. 26 April Response Paper 12 For article number 34, “The Job Ghetto,” by Katherine Newman and Chauncy Lennon, discusses employment and job availability in our society. Sometimes people are so hard pressed for finances that instead of working, they turn to government assistance. The suggestion at the first part of the paper suggests that maybe it is too easy for someone to have free money given to them while receiving welfare benefits when they could instead be earning it. During the time of this writing, unemployment rates in the United States were down though they have significantly increased during the last two presidential terms. However, is it really that easy to find a job? That is the...
6 Pages(1500 words)Essay

Reaction Papers

... of Learning: Reaction Papers Social Relationships and Health In this article, the review is based on two major cooping theories namely, social integration and social support. These factors are said to have detrimental effects on the health of a given society. Further, the article observes that in social support the society aims at consoling the patient to cope with the stress while social integration is more related to the influences that communality and identification with the society has on the patient (Cohen 676-682). In this line of thoughts this article pushes the mind of the reader to reflect on the setting of the society he lives in. The reader evaluate if his society impacts positively or negatively on the general health...
4 Pages(1000 words)Essay

Management Papers (leadership)

...Management Paper (Leadership) SUMMARY Leadership has emerged as a decisive factor for rendering management success in the modern day organizational context. The skills executed by leaders to manage the employees in the workplace can ensure greater producitvity and profitbility for the organization. Leadership requires to boast of certain pertinent skills to deal with day-to-day challenges within the organizational premises. Consequently, a leader needs to adapt in keeping with changing organisational requirements to ensure that his/her followers are able to keep a track of the changing pragadigm to ascrtain long-term organizational success. DEFINITION OF...
4 Pages(1000 words)Essay
sponsored ads
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.

Let us find you another Essay on topic Management papers for FREE!

Contact Us