The Downfall of Enron Valerie Glushkov Enron Company was once one of the biggest energy company in the U.S. Fortune magazine ranked Enron as #7 in April 2001 in Fortunes ranking by market capitalization of the five hundred largest corporations in the United States. On December 2‚ 2001‚ Enron filed for Chapter 11 bankruptcy. The unexpected and rapid collapse in the market value of this corporate giant has had immense consequences for nearly all of its stakeholders
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The word politics is taken in a negative sense in most of the situations. Despite of this widely held belief‚ politics can be found everywhere right from home to the organization or the country level. Politics exists in every place where there are more than one person seeking same resources which are limited. Intentionally or unintentionally‚ everybody plays politics in one or the other way to serve their purpose and it proves to be helpful for someone while considered as “dirty” by others who are
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Introduction Organizational politics refers to behaviors “that occur on an informal basis within an organization and involve intentional acts of influence that are designed to protect or enhance individuals’ professional careers when conflicting courses of action are possible” (Drory‚ 1993; Porter‚ Allen‚ & Angle‚ 1981). Organizational politics is an elusive type of power relations in the workplace. It represents a unique domain of interpersonal relations‚ characterized by the direct or indirect
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Organizational Politics Organizational politics are a part of everyday life within a company. The use of these politics can be positive or negative depending on how they are implemented by managers and leaders in the company. The affect on communication in an organizations culture is defined by how leaders as well as employees treat each other and communicate daily. Culture is established in the way people interact and communicate information. Leadership based on the companies values and goals
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Organizational Power and Politics Politics and power in the workplace is believed by many to be a game that corporate and management plays. Games usually have rules to follow‚ a referee or judge‚ and an ending with a winner‚ however. Although politics has a winner‚ this game never ends‚ the rules are always subject to change‚ and there is no referee or unbiased spokesperson. Corporate traditions sometimes become culture and establish much of the biased game of politics that is played within the
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into a dynamic organizational culture and politics. Politics is power in action cite Culbert and McDonough (1985). There can be no politics without power whether personal or authoritative‚ and most often than not‚ people engage in politics at the workplace to achieve additional power of some kind. Thus‚ the essay has been compiled in agreement with the statement that political activity is alive and well in organizations today. Ployhart (2006) remarks that often organizational politics is concerned
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The French Revolution of 1789 and the February and October Revolutions of 1917 were not only the result of the revolutionaries but also the outcome of the blunders committed by the governments that stood before the revolutions. Military defeats in the Seven Years War‚ Russo-Japanese War and World War I caused a decline in public support and patriotism for the old regimes. The trust and leadership of the leaders of the soon to be overthrown French and Russian regimes were questioned by the public
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Fate leading to downfall of the tragic hero Macbeth Fate is the predetermination of the events occurring inevitably in future. Macbeth by Shakespeare written in 1606 is a tragic play where fate leads to the downfall of the tragic hero- Macbeth. A series of unusual events occur inevitably in Macbeth’s life due to his fate which leads to his downfall‚ thus making the play a tragedy of fate. In Macbeth the greetings of the witches‚ Lady Macbeth as his wife influencing him to murder King Duncan and
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money is the center of her world and she doesn’t know anything other than money. But this essay is not about money; it is about Daisy and how she is the ultimate reason Gatsby is murdered. Yes‚ she didn’t pull the trigger‚ but she committed the acts that led up to his being fatally shot and her love of money leads to Gatsby’s downfall. Desperation for money is how Daisy survives‚ she is desperate for it and she knows nothing else. Her cares in the world included money and a man with money. Evidently
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Organizational Behavior and the Failure of Enron Germaine Washington LDR/531 February 13‚ 2012 James Kaczynski Organizational Design and the Failure of Enron This is an analysis of how the application of specific organizational-behavior theories could have predicted the failure of Enron. Although there are many types of core topics of organizational behavior‚ the focus of this study will be on how leader behavior and power‚ and motivation contributed to the bankruptcy of Enron. In addition
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