of Nigeria reported that the backward development of Nigeria was attributable to weakness in the internal control systems of the banks. This has clearly pointed out the picture of how fraud is being penetrated in the financial strength of Nigerian banks. In a nut-shell ‚ the damage which the menace‚ called fraud has done to the banks is innumerable and needs urgent attention. Internal control are measures established by directors relating to the accounting systems in order to check if all transactions
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Organizational Change and Leadership Emil F. Schellack MidAmerica Nazarene University Graduate Studies in Management Buddy Liston December 15‚ 2012 Abstract Leadership and organizational culture are widely believed to be linked in the process of change. Leadership to effect such change is required if success is to be achieved. The discussion in this mid-term paper will first focus on why an organization changes‚ resistance to change‚ and diagnosis for change. Next‚ the paper will
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MD. ZULKIPLI MATRIC NO : 1333430136 Dr. Abdullah bin osman Enron : Questionable Accounting Leads To Collapse History ENRON CORPORATION. Enron‚ a corporation headquartered in Houston‚ operated one of the largest natural gas transmission networks in North America‚ totaling over 36‚000 miles‚ in addition to being the largest marketer of natural gas and electricity in the United States. Enron managed the world’s largest portfolio of natural gas risk management contracts and
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Enron 1. How did the corporate culture of Enron contribute to its bankruptcy? There was an overwhelming aura of pride‚ carrying with it the deep-seated belief that Enron¡¦s people could handle increasing risk without danger. The culture also was about a focus on how much money could be made for executives. For‚ example Enron¡¦s compensation plans seemed less concerned with generating profits for shareholders than with enriching officer wealth. Enron¡¦s corporate
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A critical review of Edgar H Schein: 1996 “Culture: The missing concept in organization studies” Administrative Science Quarterly‚ 41‚ 229 – 240. Introduction: According to Edgar H Schein‚ if Organizational studies is to evolve fully‚ it should give importance to the study and understanding of culture in an organization. He is also emphasizing that‚ in order to understand culture‚ it has to be observed in an organizational setting rather than measuring it by using data. Although most of
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Organizational Control Techniques Control techniques provide managers with the type and amount of information they need to measure and monitor performance. The information from various controls must be tailored to a specific management level‚ department‚ unit‚ or operation. To ensure complete and consistent information‚ organizations often use standardized documents such as financial‚ status‚ and project reports. Each area within an organization‚ however‚ uses its own specific control techniques
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Can corporate fraud ever be eliminated from the workplace? Abstract Corporate fraud has been a growing issue since Enron bankruptcy. The factors that contribute to the occurrence of corporate fraud are hard to control and methods used to prevent and detect fraud both by internal control and outside auditing have unavoidable weaknesses. Despite all the effort being made‚ it is highly unlikely that corporate fraud can be eliminated from the workplace. Introduction After Enron scandal got
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Industrial/Organizational psychology (I/O) gained significant momentum shortly after the Industrial Revolution‚ which also provided organizations opportunities for increased commerce and further investments in personnel selection. This case study is based on the global retail giant IKEA‚ which is an acronym for the founder and his homeland; Ingvar Komprad‚ Elmtaryd‚ Agunnaryd (Sweden) (IKEA‚ 2012). A partial organizational analysis is conducted on behalf of IKEA’s structure‚ culture‚ global strategy
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The Illusion That Took the World by Surprise Enron: The Smartest Guys In the Room is a movie about Enron and how it fooled the world into believing it was one of the most stable and profitable companies in the U.S. This is very sad because many people believed in the figures Enron was producing and entrusted their life saving in Enron stock. The scandal didn’t just affect a small group of people but 10’s of thousands of people lost everything‚ due to an illusion. Kenneth Lay earning a Ph
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effect on Leadership within the Organizational Landscape. M. Toledo The present and future Leadership Landscape continue to experience significant changes as a result of the rapid and dynamic issues presented by Globalization and Information Computer Technology (ICT). Organizations as part of the globalization era‚ find themselves having to constantly adapt and overcome the accelerated changes which directly impact Organizational Structure
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