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6.4 Ethical Enron.docx

6.4 Ethical Enron.docx - Running Head ETHICAL ENRON 1 6.4...

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Running Head: ETHICAL ENRON 1 6.4 Ethical Enron Jerrica Griffin Indiana Wesleyan University Ryan Snyder Ethical/Legal Aspect of Management October 08,2014 I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Catalog relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper, I understand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University
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Running Head: ETHICAL ENRON 2 Enron is a company that has been around for a long period of time and was later managed by Jeffery Skilling President, Chief operating officer, and CEO. Andrew Fastow also worked alongside with Jeffery Skilling as the Chief Financial Officer. The problem and the down fall of this company is that the CEO of the company was gambling the business and had been doing so for so long the business ended up going into bad debt. The company was misrepresenting earnings reports while continuing to appreciate the revenue that was being provided. The executives of the company knew that the earnings and reports were fraudulent and continue to provide false information. In a summary of the business they were embezzling funds. I believe that this business would have never went downstream if someone in upper management would have had a conscious and spoke up to advise what the company was doing was wrong. I feel that if the President of the company would have showed some indications that he had a conscious about gambling the business then the company would have never went through loosing billings of dollars. I believe that most of the schemes with business be successful is no outsider are really looking at the stocks and revenues. In summary the company suffered from being greedy and wanting a lot of money. Proverbs 28:6 - Better is the poor who walks in his integrity Than he who is crooked though he be rich . There is a challenge with relationship and organization throughout Corporate America. According to Stoner, C. R. (1989)” Corporate America will behave morally only when contemporary business incorporate key moral values into their organization cultures. However, the most popular, current methods of addressing ethical concerns frequently fall short of providing the necessary depth of cultural evolution. As, highlighted here, organizational values, giving these values high priority, visibility, and consistency, and making sure organization member internalize them.” I believe that communication and building a strong relationship with
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