Final Paper2

Final Paper2 - Max Haubold MNGT 364 4/27/11 Final Paper...

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Max Haubold MNGT 364 4/27/11 Final Paper Comparing the Economics “The Organization Man” by William H Whyte and “The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron” by Bethany McLean and Peter Elkind both examine corporate culture through economic, cultural, and political scopes. To do this, they consider the contemporary influences of their respective time frames, and how various factors influence corporate culture. In these analyses however, neither acknowledge the heteroskedacticity inherently skewing their assertions and conclusions. Each work of literature effectively constructs a multiple variate regression culminating to the conclusion that the described scenario was the fault of their respective point of disagreement. For Whyte, this consists of the societal shift toward scientism and group collaboration. For McLean and Elkind, the focus of failure falls on the individuals and the way corporate culture during the 1990s and 2000s allowed such gluttony and misdirection. Yet I argue that the absolute terms given by each author and therefore the lack of acknowledgment of pertinent heteroskedactic errors, weaken their arguments and shift strong theses into the realm of conjecture and uncertainty. A background is necessary to understand this assertion. Consider a standard regression, in
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This note was uploaded on 11/18/2011 for the course MNGT 364 taught by Professor Staff during the Fall '08 term at UNC.

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Final Paper2 - Max Haubold MNGT 364 4/27/11 Final Paper...

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