Detroit had been in decline since it was rocked by race riots in 1967. Since then‚ there has been a real drop-off in investment and economic development in the city. Like a lot of other cities in the American northeast and Midwest‚ it was badly affected when factories moved south or out of the country‚ but was harder hit because it was a one-industry city. Most big cities have more than one industry‚ but Detroit’s economy was completely centered on the automobile. When the Recession hit‚ Detroit
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some research on the Internet about what has happened with Enron. Now apply the three questions used to test the merits of a winning strategy (text p13) to Enron. Describe the strategic management failure in Enron that led it into its demise? Enron was formed in 1986 from the merger of natural gas pipeline companies Houston Natural Gas and Internorth. At the time of filing for Chapter 11 Bankruptcy protection in December 2001‚ Enron had a portfolio of diversified activities ranging from the transportation
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The Leadership of Kenneth Lay 5 Contributing Factors for Enron’s Debacle 7 Power Abuse 7 Fraudulent Accounting Practices 7 Employees and Board members 8 Investors Grief 9 Auditors and external regulatory agency 9 Conclusion 9 The debacle of Enron‚ led not only the company to bankruptcy but also its employees and shareholders. Unethical leadership and vested interests played a significant role in its imminent failure. Very few had the courage to challenge authority and leave when faced with
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Team Collapse at Richard‚ Wood‚ Hulme‚ LLP Executive Summary: SITUATION ANALYSIS: James Michaels was a senior associate in the Richard‚ Wood‚ Hulme‚ LLP. He assisted with junior associates and co-op students with resolving questions in addition to completing his own audit work. He worked in a team to audit Spector’s business in these years. In 2008‚ Michaels faced some problems: the audit started on November 3‚ 2008 and was supposed to be completed by November 19‚ 2008. The deadline was a strict
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learn from Enron? Introduction Enron Corporation was one of the world ’s leading energy companies based in Texas‚ USA. Before filing for bankruptcy in the year 2001‚ Enron employed more than 20‚000 people. Its revenue in the year 2000 was more than $100 billion. It was named as "America ’s most innovative companies for six consecutive years by Fortune. Unethical and illegal business practices at Enron led to the creation of Sarbanes - Oxley Act of 2002. What led to the fall of Enron? Enron
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How could the ENRON scandal been avoided? The Enron scandal could have been avoided had they had an organizational culture of honesty‚ integrity and ethics 1. There should have been stronger management and better ethical oversight. Even employees should have had a sense of the expected ethical values and try to maintain a strong sense of organizational culture. 2. There should have been measures in place to oversee the activities of accounting firms (Arthur Andersen)‚ as they acted as both Enron’s
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Why did the Tsarist regime collapse in 1917? ‘By the beginning of 1917‚ tsarism was rotting from within.’(1) Romanov’s had ruled Russia since 1613 but people were unhappy and the Tsarist regime was due to collapse for and it was inevitable that it would happen soon‚ it finally did under Tsar Nicholas II in 1917. There were many factors as to why the Tsarist regime collapsed some of the most important were Tsar’s personality‚ political opposition ‚peasants and workers and The World War I. One of
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as poet. "Society is fundamentally meaningless‚" says Derrida. But Baudrillard’s model of neocultural textual theory holds that art is capable of truth. Derrida uses the term textual postcultural theory’ to denote the genre‚ and eventually the collapse‚ of postdialectic class. Thus‚ Marx suggests the use of textual socialism to deconstruct hierarchy. Surrealism implies that the goal of the artist is social comment. But Reicher[2] states that we have to choose between neocultural textual theory
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Question 1 Answer saved Marked out of 4.00 Flag question Question text Who were the two authors of the book who also appeared in the film ENRON The Smartest Guys in the Room? Select one: a. McLean and McCarthy b. McLean and Elkind c. McCarthy and Elkind d. Shapiro and Mc Lean Question 2 Answer saved Marked out of 4.00 Flag question Question text ENRON executives pushed up their stock prices and then cashed in their multi-million dollar options in a process called Select one: a. mark to market
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Case 27 1. From an economic perspective‚ was the shift to a free trade regime in the textile industry good for Bangladesh? Employment and economic growth in Bangladesh depends upon exports of textile products which were allowed through a preferential quota system for textile market export from poor markets to rich markets. As soon as the shift to a free trade regime appeared along with the competition with countries such as China and Indonesia the quick collapse of Bangladesh’s textile industry has
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