Essay on Enron and its Shortcomings - 1048 Words

Enron’s overall business practices are not ethical. One business practice of Enron that I think poses an ethical issue is their attitude towards its employees. They create a highly competitive and a result oriented business atmosphere. They used a system where they would rank employees every half a year and fire employees who ranked on the bottom 1/5 of the scores. This kind of attitude where only results matter and if you don’t produce anything good you will get fired will only hurt the company. This promotes unethical behavior and getting what needs to be done to get good results no matter what and if you do well you will receive big bonuses. This approach towards Enron’s employees did not have very good utilitarian reasoning. This†¦show more content†¦All the borrowing from the creditors just put Enron in more debt. The practice that Enron did violate the human right to be informed, is not just, and just didn’t have good utilitarian reasoning. They did not inform the shareholders, the employees, and the creditors about their practices or what the real picture was. The practices in accounting was not fair because they were not really working with money they actually had and kept doing business when other businesses in their position would, and should, re-evaluate how their business is run. The benefits and costs were not fairly distributed, this is because while most everyone that dealt with lost money in Enron when it collapsed the top management won out because they new what was going to happen so they sold massive amounts of shares of the company. Overall Enron didn’t solve any ethical dilemmas and they had unethical practices. Social responsibility means that a corporation should be accountable for any of its actions that people, their communities, and their environments. Enron fell victim to the iron law or responsibility because they were not socially responsible for their actions. In the long run Enron lost its power in the world from being one of the most powerful companies to a company that had shares worth less than one dollar and having their bonds turn into junk bonds. Enron was not able to forgo profits and take on losses so the social impact they had seriously hurt all otherShow MoreRelatedUniversity of Phoenix Organizational Culture1133 Words   |  5 Pagesis the case with the Enron Corporation, a once massive energy company that suffered arguably the most horrific financial collapse in American history. The Enron failure began with the development of a flawed corporate (organizational) culture, and was fulfilled by the constant reinforcement of that culture. From the top down, Enron s corpora te culture damned the company s successes and ensured it for eventual collapse. It must by noted that while the collapse of the Enron Corporation was dynamicRead MoreComm101 Tutorial1 Essay858 Words   |  4 Pagesï » ¿Comm101 Tutorial 1) What were the individual factors that contributed to the failure of Enron? Briefly explain two key factors. Enron collapsed in large part because of the unethical practices of its executives. Egoism (Self interest) was one of the major factors contributed to the failure of Enron. Enron’s executives put their own interests above those of their employees, company and the public, and failed to exercise proper oversight or shoulder responsibility for ethical failings. They allowedRead MoreThe Sarbanes Oxley Act Of 20021563 Words   |  7 Pagesan event that brought about public distrust was the Enron Corporation scandal brought on by mismanagement and corruption. The general public considered Enron Corporation as one of the major and reputable electricity, natural gas, paper, and communications companies. Between 1996 and 2000, Enron posted an increase of 57% in sales, hitting a 52-week high in shares of $84.87 per share in the last week of the year 2000. When the balance sheet of Enron reached analysts, it did not make sense to them. SomeRead MoreThe Sarbanes Oxley Act Of 20021614 Wo rds   |  7 Pagesan event that brought about public distrust was the Enron Corporation scandal brought on by mismanagement and corruption. Enron was a corporation that was considered as one of the major and well known electricity, natural gas, paper, and communication companies. Between 1996 and 2000, Enron posted an increase of 57% in sales, hitting a 52-week high in shares of $84.87 per share in the last week of the year 2000. When the balance sheet of Enron reached analysts, it did not make sense to them. SomeRead MoreJaclyn Givens. Kathy Osburn. Management 101. 5/8/17. The1400 Words   |  6 PagesJaclyn Givens Kathy Osburn Management 101 5/8/17 The Enron Era â€Å"Just as character matters in people, it matters in organizations,† says Justin Schultz, a corporate psychologist in Denver. The Enron scandal had a big exposure in 2001 confirming the big secret to the increase in billions. In July 1985, Enron formed the merger of Houston Natural Gas and Omaha-based Inter North. The Enron corporation was an American energy company based in Houston Texas. The corporation’s catastrophe in 2001 signifiesRead MoreForensic Investment1144 Words   |  5 PagesSituation analysis    Important internal controls that were ignored? The auditors of Enron did fail in their task of providing a duty of care to all of the parties. The main reason for this is that they failed to correctly audit the assets and financial position of Enron resulting in all stakeholders having no clue about the forthcoming collapse of Enron. This resulted in the stakeholders facing a very critical condition or a phase where in they were not sure if they would be able to recover theirRead MoreEnrons Organizational Culture : Enron1643 Words   |  7 Pages Enron: [Don’t] Ask Why During the year 2000, Enron was exceeding all expectations, its stock was through the roof, and the company seemed to be on top of the world. The next year Enron declared bankruptcy. So how did a company rise and fall so quickly? The key in analysing this question lies in Enron’s organizational culture, which is defined as â€Å"a shared meaning held by members distinguishing an organization† (Robbins and Judge, Essentials of Organizational Behavior, 269). During its primeRead MoreEnron, An American Energy Company1587 Words   |  7 PagesEnron Leadership One of the best examples recently seen relating to bad leadership is what took place within Enron. Throughout the late ‘90’s, Enron, an American energy company, was considered one of the country s most innovative companies; while the company continued to build power plants and operate gas lines, it became better known for its unique trading businesses (npr.org, 2014). It can be described as the ideal company for the dotcom-driven stock market boom of the 90s; Enron threw itselfRead MoreThe Case Of Enron And Worldcom1490 Words   |  6 Pagesusers from corruption by monitoring the company’s control system. However, the accounting scandal has challenged the role of audit. Therefore, the remaining part of the paper will investigate the shortcoming of external audit which is independence issue. This essay also attempts to explore the case of Enron and WorldCom as the real example of the scandal. Finally, the conclusion demonstrates a summary and critique of the f inding that would associate with the effectiveness of statutory audit. StatutoryRead MoreEssay on Frank Capra’s Mr. Smith Goes to Washington617 Words   |  3 Pagesown intense confrontation with a seemingly omnipotent political machine; his ultimate victory is a condemnation of all industrial greed as well as a reaffirmation of the power of the citizen to make an impact in a government that through all its shortcomings is still democracy. nbsp;nbsp;nbsp;nbsp;nbsp;Capra’s film is dramatically enhanced by its patriotic representation of our National’s capitol, with particular emphasis on the splendor of the Capitol and strength of the Lincoln Memorial. These

Essay on Role of Sir Robert Peel in Starting Community...

Sir Robert Peel Policing has been a part of America for many decades. In fact, policing was known to exist prior to 1066, the year of the Normandy Invasion of Britain. Throughout the years policing has been a complicated and ongoing progress. The people of England did not have a stabilized policing standard and were often responsible for protecting and serving themselves. As early as the 1600s the Colonial America introduced the English styles of policing; citizens were responsible for monitoring community members’ behavior. Early constables and sheriffs were with the increased rate of crime and developed a ‘sort’ in community policing known as â€Å"watch and ward.† Later throughout history in the early 1700s policing became an†¦show more content†¦By this, he employed his first principle that the â€Å"basic mission for which the police exist is to prevent crime and disorder.† In this, Sir Robert Peel instituted a force that served as uniformed police called â€Å"Bobbies† or â€Å"Beats.† This form of policing is well-known today and has had a significant impact on American policing. Law enforcement agencies still practice the use of â€Å"Bobbies† and â€Å"Beats† but now refer to this method as police patrolling with the goal of preventing crime, getting to know the community, and establishing the trust and safety of the public (Siegel, 4th Ed). This brought about the next two principles, established by Peel, which stated (2) â€Å"the ability of the police to perform their duties was dependent upon the public approval of police actions. (3) Police must secure the willing co-operation of the public in voluntary observation of the law to be able to secure and maintain the respect of the public.† This laid a serious impact on American policing and its history; society today, as in the past, dealt with the importance of diversity and the need for police to comprehend the different cultur es, races, and religions that scattered the communities in which they patrolled. Police were expected to participate a multicultural training and education that prepared them for these situations. Peel believed that if the police could understandShow MoreRelatedPolice History Paper1117 Words   |  5 PagesAbstract Starting In 1829, Sir Robert Peel began developing his theory of policing. These nine principles are as relevant today as they were in the 1800s. Peel established the Metropolitan Police when he served as Home Secretary of England. Since Sir Robert Peel introduced his principles of policing in the early 1800s, our country has continued to follow his ideas of effective policing. Community policing is based on Peels concept of prevention. According to one of Peel’s principals, the realRead MoreHttp: //Contentrader.Com/How-Sir-Robert-Peel-Influenced-Modern-Policing/#Comments1927 Words   |  8 PagesHow Sir Robert Peel Influenced Modern Policing | ContenTrader CONTENTCART OUR MISSION  WRITERS START HERE  INFO FOR BUYERS  TUTORIALS TIPS  TERMS PRIVACY ContenTrader An Open Market for Freelance Writers to Display Sell Written Content. SUBSCRIBE TO CONTENTRADER Search †¦ Enter your email address to subscribe and receive notifications of New Content, Site News, and Specials. CATEGORIES Academic Topics Email Address Activism Addiction Read MoreThe Evolution Of Law Enforcement Essay1279 Words   |  6 PagesBabylonian period, members of families suggested the ideas of having a group from the community to maintain safety and order. Normally during that time, protection and social control were the major responsibility of that group. In that time, people requested the eldest and strongest males of the tribes to take part in the first security force of community for survival (Rainer and Librett 1089). The early development of policing in the world was not invented, but it was rather an idea of people who lived inRead MoreHistory of Security Essay example3164 Words   |  13 PagesInfluence Modern policing was started back in Anglo-Saxton times in England. This started off as the King making demands for complete and total obedience and order from the kingdom, knights, and anyone else within the ruling kingdom. If these demands were met then the king would provide protection from invasions, which were very common, and any uprising from other people within the kingdom. The first king that started this policing was King Alfred the Great, it was a type on internal policing. (NickersonRead MorePolice And Police : A New Criminal Justice System1520 Words   |  7 Pagesapproaches which term ‘targeted policing’ and that include hotspots policing, tackling repeat victimisation, focused deterrence (Khrn,2013).However, this essay we will only be discuss random patrol ,stop and search ,hotspots policing and focused deterrence. It will also identify some of the advantages and disadvantages of these mechanisms and to what extent they are functional and how they could b e developed. To be able to understand the developments of police and policing it is better to define eachRead MorePolicing And The Policing System1850 Words   |  8 PagesPolicing and the way that it operates is a regularly changing system, that develops and adapts depending on the situations and environment that it is involved in. policing, as a whole is a function that is dependent on legislations and laws brought in by the English legal system. with each new piece of legislation comes new policies, procedures and systems that change the way that the police are able to function. Throughout this discussion, you will be able to see an analysis of how the policingRead MoreHistory of Law Enforcement Systems2193 Words   |  9 Pagesindividuals were chosen within each community to take charge of catching criminals. The statue of Winchester set up a parish constable system which enacted in 1285.There is a thing called watchmen who enforce the criminal law and they are also responsible for lighting street lamps and putting out fires. It wasn’t until the eighteenth century when an organized police force evolved in England. In the mid 18 centuries Henry Fielding which who was a novelist and his brother sir John fielding led efforts toRead MoreThe History Of Early Law Enforcement2794 Words   |  12 Pagesefforts many were seen to be largely inadequate to maintain order. As time went on many things went on to change law enforcement for the better. In 1829 in London Sir Robert Peel established the first modern, non military police force. New York City’s police department was established in 1844. New police units in this time were starting to wear uniforms and carry guns, they also became common in many cities. (â€Å"Careers In Focus 9†) As time moved so did the evolution of our law enforcement system. This

The Offense Principle Essay Research Paper The free essay sample

The Offense Principle Essay, Research Paper The Offense Principle The Offense Principle claims that single autonomy is justifiably limited to forestall violative behaviour. I believe that the Offense Principle provides the right autonomy bound n rules that the province should raise. The province should forestall behaviour that causes shame, embarrassment and uncomfortableness from adult stuff and Nutmeg States. There are three conditions that are typically understood to be portion of the Offense Principle. The first status provinces that behaviour must be significantly violative. A individual bubbling in populace is non violative plenty to be limited under this status. But a adult male urinating as he walks down the street is significantly violative and should be limited. The 2nd status provinces that the behaviour must be violative to about everyone. This is an of import status because I think that if merely a few people find something violative, does non represent the act to be limited. Many people may believe that person picking his olfactory organ in public is violative but non about everyone believes this act to be violative, hence, this act could non be limited. A adult male masturbating in public is violative to about everyone, hence, this act should be limited. The concluding status provinces that an violative act should be limited if you have to travel out of your manner to avoid the act. An # 8220 ; grownup # 8221 ; bookstore incorporating adult stuff should non be limited because one does non hold to travel out of their manner to avoid the shop. They merely merely make non come in into the shop. But a adult male and adult female holding sex on a bench should be limited because one would hold to keep from looking in certain waies to avoid seeing the violative act. I believe that erotica in public should be banned. This includes shops that sell adult stuff. Alternatively, these magazines and other adult stuffs should be kept individually in a private room, where you must be an grownup to enter and purchase stuffs. Pornographic stuff that is kept in private either to be sold or to be viewed or used in the privateness of one s place, should non be banned. I see perfectly no ground why a individual should non be allowed to see adult stuff in the privateness of their ain place. Some people may reason with me and state that the Harm Principle should be invoked by the authorities. They may state that erotica increases the likeliness of injury. And I slightly agree. I am certain that some injury has occurred because of erotica. But injury has besides occurred because of intoxicant, nationalism, cigarettes andXreligion. These things are non banned so neither should pornography. There is even proof that coffin nails are harmful and they are still non banned. There is no cogent evidence stating that erotica causes people to make things that they usually would non make. Pornography can be titillating, which is something that is designed to bring forth sexual rousing. Person may reason that it is incorrect to bring forth sexual rousing. But people are given the right of freedom of look. Pornography can be considered an art. There are many celebrated creative persons and images that include bare organic structures that could be considered erotica. If erotica is abolished, these great graphicss would hold to be destroyed. Some people may reason with me and believe in the Principle of Legal Moralism, which states that single autonomy is justifiably limited to forestall immoral behaviour. This rule seems to coerce ethical motives on people. Every individual has his or her ain ethical motives. If this rule was passed by statute law, rights of people would be taken off because of ethical motives of others that are different from their ain ethical motives. Gambling ( in some provinces ) and homosexual relationships are illustrations of rights that may be taken off because of the Principle of Legal Moralism. Many people argue that erotica feats adult females. Equally long as these adult females are non forced into take parting in the adult stuff and it is of their ain free will, there is no ground to wholly restrict erotica like some people would wish to make. A major job with the complete restriction of erotica is that the stuff is traveling to be made, whether it is made lawfully or illicitly. If erotica is banned, an full black market would get down up and the authorities would non hold any ordinance at all. The Offense Principle provides for the above jobs that people find with erotica. I believe that erotica is socially good. Pornography provides pleasance without bring forthing important injury. It provides sex by placeholder for lonely and disadvantaged people. Pornography cuts down on condemnable behaviour by supplying a release of tensenesss by utility satisfactions. It gives people a manner to let go of their sexual desires that might otherwise be harmful to others if non released. The rule protects nonconsulting grownups from violative shows of erotica. Equally long as I am non forced to see erotica or non warned in progress, I have no job with people watching or taking portion in something they enjoy. It is similar to single sexual penchant. I have non a individual job with homosexual life styles every bit long as I am non forced into anything. Pornography will neer be abolished every bit long as it is regulated and non forced on people. Peoples must esteem others, and if there is respect than there should be non jobs with erotica. 332

Seven Eleven Japan Essay Example

Seven Eleven Japan Essay Study question 1. A convenience store chain attempts to be responsive and provide customers what they need, when they need it, where they need it. What are some different ways that a convenience store supply chain can be responsive? What are some risks in each case? 2. Seven-Eleven’s supply chain strategy in Japan can be described as attempting to micro-match supply and demand using rapid replenishment. What are some risks associated with this choice? 3. What has Seven-Eleven done in its choice of facility location, inventory management, transportation, and information infrastructure to develop capabilities that support its supply chain strategy in Japan? 4. Seven-Eleven does not allow direct store delivery in Japan but has all products flow through its distribution center. What benefit does Seven-Eleven derive from this policy? When is direct store delivery more appropriate? 5. What do you think about the 7 dream concept for Seven-Eleven Japan? From a supply chain perspective, is it likely to be more successful in Japan or the United States? Why? 6. Seven-Eleven is attempting to duplicate the supply chain structure that has succeeded in Japan in the United States with the introduction of CDCs. What are the pros and cons of this approach? Keep in mind that stores are also replenished by wholesalers and DSD by manufacturers. 7. The United States has food service distributors that also replenish convenience stores. What are the pros and cons to having a distributor replenish convenience stores versus a company like Seven-Eleven managing its own distribution function? We will write a custom essay sample on Seven Eleven Japan specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Seven Eleven Japan specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Seven Eleven Japan specifically for you FOR ONLY $16.38 $13.9/page Hire Writer