A Review Of The Enron Code Of Ethics

A Review Of The Enron Code Of Ethics Enron Introduction The Enron code of ethics was well detailed, and all the provisions of the code of ethics were in line with the policies of the company. According to Sims and Brinkmann (2003), Enron policies together with the code of ethics fostered the company reputation of being fair and honest. The company tried to safeguard the interests of its customers by ensuring that it provides the best more than their competitors. The code of ethics specified that all the company employees should not conduct themselves in any manner that would jeopardize the best interest of the company. Moreover, the employees were not supposed to engage in any business that would suggest competition with the Enron. Through the above policies, the company gave room for failure instead of bringing in a perceived success. The policies indirectly forced the top executives as well as the junior employees to engage in unethical behaviors that later made the company failed ethically and subsequently financially. Enron is Synonymous with Ethical Failure Given that Enron’s code of ethics was inclined towards the good ethical conduct of all its cooperate employees, it failed and was declared bankrupt in 2001 (Fusaro and Miller, 2002). The failure of the Enron can be attributed to the failure of the executive and the unethical behavior within the company. The working conditions were and condescension where competition and financial goals were over emphasized. The profit orientation of Enron compelled it to always emphasize on policies that would see the generation of the benefits by all means. The employees were subjected to a rating system whereby 20 percent of the employees were supposed to be rated below the minimum requirements and fired (Marianne, 2009). Enron applied the rating system with a hope of encouraging the employees to work extra harder and avoid low ratings, but the system harmed Enron contrary to the expectations of the management. The continuous evaluation of the employees for performance together with the culture of competition lead to deception. The strict evaluation process compelled the employees to engage in cheating on their work. They were always nervous and feared to lose their jobs due to underperformance. Thus, they resorted to unethical means of surviving for a longer period within the company, for instance, they cheated about their progress even if they knew that things were not all that good. None of the employees felt the shame of cheating since it was becoming a culture. Those who stood by what was right was regarded odd by the cheating employees. Besides cheating, the employees covered errors and could not report errors of their colleges since each of them was entangled in his or her line of duty and focused only their achievements in the places of work. According to Katzenbach (2015), employees in a company help each other by asking and answering questions. However, the competitive environment in the Enron compelled the employees to avoid asking questions since they considered it humiliating. Moreover, they did not like helping each to avoid competition and avoided mentioning their doubts and seeking for clarifications. Moreover, Enron ensured that all its employees did not engage with outside parties that could out-compete Enron in the market. Thus, the employees were not allowed to express any doubts about the financial status and the plans of the company. Olson, a company analyst, lost his job because Olson advised his client not to invest in the company due to the unpredictable status of the business (Marianne, 2009). Conclusion Conclusively, the evil culture in the Enron company that was created by selfish company executives led to the fall of Enron. Both the officials and the employees engaged in unethical practices and they ended up contributing to the downfall of the Company.

Reflective learning Essay Example | Topics and Well Written Essays - 250 words

Reflective learning - Essay Example In our class, I realized that I am a combined leaner -- visual and kinesthetic/tactile -- through learning styles modality preference inventory. When I study, I prefer writing and reading than listening. Also, I really prefer to take notes with diagrams and tables; hence, I expected I am a visual learner. However, I did not know I am a kinesthetic/tactile leaner. Come to think of it, I usually use my hands when describing things and I have to write and write to memorize. Also, I like rewriting to organize what I learned in class. In our class, I had a chance to observe that my classmates are also different types of learners. Some of them already knew what type they are and other didn’t know about it. I realize that it is indeed important to grasp what my learning style is. It is definitely helpful in efficient learning. As a teacher, it is important to find out what kind of style my students have as well, because students would have different learning style like we do. In addi tion, after finding out, I would have to prepare teaching method for my students. If there are many students, of course it might be difficult to satisfy each student’s learning style. However, I - as a teacher – must figure out what the best teaching is to fit all kinds of learning

Impact of Recent Specific External Environmental Change Essay

Impact of Recent Specific External Environmental Change - Essay Example Planning is the outlined steps on how to achieve your company’s goal. For instance, I am currently working with a toy company and I apply these skills on a daily basis. However, one will realize it is important to outline steps on how to offer the best services, attract a large market share and how to expand services internationally. Organizing falls right after planning. After the manager has come up with a good plan, the manager starts to organize the materials and staff according to the plan (Adrienne 2006, p. 68). He or she will give authority to staff. Similarly, different staff members usually perform different duties. Staffing is also a key contributor to a good managerial function. A manager must work hand in hand with the human resource department in the company to ensure recruitment, training, selecting and developing employees is perfect. This helps the company in having qualified and hardworking staff. In addition, the manager needs more than just organizing or pla nning. The manager needs to motivate his employees. He also needs to encourage his employees. He can achieve this by solving the arising problems that the employees are facing. This helps in building a good relationship between the employees and the manager. Consequently, controlling also being one of the major functions is important. After all the four functions are in place, the manager has to be checking on the progress just to ensure that the organization is running smoothly. He has to check and ensure that the company is running in accordance with the set objectives and goals. Hence, the manager has to be in control. The external environment has two major divisions, namely: direct and indirect interactive (Bassie 2008, p. 161). In direct interactive, the environment has an immediate impact on the organization. A new competitor entering the market is a good example for direct interactive. However, in indirect interactive the environment has a secondary impact on the organization . Similarly, planning being the major role of management requires modernized and accurate decision making for the company’s achievement. It is evident that without planning, one is destined to fail. Additionally, planning gives an organization a sense of direction in that they are able to deal with any organizational problem efficiently (Burke 2010, p. 8). Without a plan, organizations are likely to make temporary choices that will impinge on the organization in the end. With a plan, long-term decisions make the organization work efficiently. Planning gives the employees a sense of motivation. The employees knowing the results will work tirelessly towards the purposed goal. In addition, it brings teamwork, with a well-outlined plan; people of different roles are able to work together in harmony knowing what they are supposed to do. Planning helps reduce potential problems in the future; it makes problem solving easier because the people involved already know how they will han dle it. Similarly, a good plan helps in decision-making. However,