Seminar Paper on the Fall of Arthur Andersen

Only available on StudyMode
  • Download(s) : 26
  • Published : March 14, 2013
Open Document
Text Preview
Seminar Paper Seminar Leadership & Culture Spring Term 2013

Case Andersen

Wordcount: 1790

Names: Myriam Benmoumen Nestor Casals Maximilian Stratmann


 

CASE
 ANDERSEN
 –
 GROUP
 10
 
 

1 Introduction....................................................................................................................1 1.1 Purpose of the Paper.......................................................................................1 1.2 Course of Investigation……...........................................................................1 2 Arthur Andersen: A Man, A Company, A Culture.....................................................1-4 2.1 The “Andersen Way”..................................................................................1-2 2.2 The Man behind the Phenomenon...............................................................2-3 2.3 Building an Organizational Culture............................................................3-4 3 The Fall of a Giant....…………………………..........................................................4-5 4 Conclusion......................................................................................................................5 5 Reference List.................................................................................................................6


  1 Introduction 1.1 Problem Definition

CASE
 ANDERSEN
 –
 GROUP
 10
  1
 

The Fall of Enron in 2001 ripped deep wounds into the United States economy and is still one of the greatest in the American economic history. Their felony was financial misstatement, their judgment bankruptcy. Yet, not only did one of the greatest American energy concerns fall into insolvency, they took one of the greatest American accounting and auditing firms with them: Arthur Andersen. They were accused of hindering the investigations on the Enron-Case and for destroying backbreaking evidence against Enron. After Andersen had been convicted guilty, the company dissolved itself. But how could the tremendous change from being one of the Big Five American consultancies, an example of American economic perfection, come so quickly? Or was this change not so fast at all?

1.2 Course of Investigation This paper will put focus on this question. It will analyze the culture of Arthur Andersen implemented by their first leader Arthur Andersen himself. As well will it focus on the tremendous change the company was going through, after their visionary leader died. Furthermore it will point out, what made this company so unique, and what the irrevocable changes had been.

2 Arthur Andersen: A Man, A Company, A Culture 2.1 The “Andersen Way” First of all, the “Andersen Way”, the way the firm operated, can be found in Arthur Andersen’s description of his company: "We believe in integrity, respect and always speaking as one firm. We believe in maintaining a passion for excellence in people, service and innovation. And we believe in demonstrating a commitment to personal growth through training and development. In fact, these values are minimum standards for anyone within our organization" (Lemanski). In fact, Arthur Andersen came up with ten core values (Squires, Smith, McDougall, & Yeack, 2003) ,which were: 1. Client service: Delivering quality without compromise 2. Hard work: Being responsive and timely 3. One Firm Concept: Many independent nationals with common objectives 4. Recruiting Quality People: The first major firm to do campus recruiting 5. Training & Development: Leadership in professional development 6. Meritocracy: People are rewarded based on their own merits  


 

CASE
 ANDERSEN
 –
 GROUP
 10
  2
 

7. Integrity: Objectivity in all that we do, without fear or favor 8. Esprit de Corps: Pride in the organization and belonging to it 9. Professional Leadership: Acknowledged leader throughout our history 10. Stewardship: Making long-term decisions to...
tracking img