Individual Reflection Paper: Worst Team in History: Enron Sasha R. Chin Proofer Denise Greene Professor Haga February 24th‚ 2011 Introduction Teams are used to serve a variety of functions for organizations. According to Levi (2007)‚ teams are comprised of people working together on a common project for which they all are accountable. They are usually part of a larger organization and the members of the team have specific knowledge‚ skills‚ and abilities about the task at hand
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ETHICAL THEORIES 1. Utilitarianism The utilitarian ethical theory is founded on the ability to predict the consequences of an action. To a utilitarian‚ the choice that yields the greatest benefit to the most people is the choice that is ethically correct. One benefit of this ethical theory is that the utilitarian can compare similar predicted solutions and use a point system to determine which choice is more beneficial for more people. This point system provides a logical and rationale argument
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positive outcome‚ but it can be flawed at times as well. The Utilitarian theory states “ The greatest happiness for the greatest number of people”. Some say this approach is flawed due to it lacking reason and consequence‚ I believe this depends on specific circumstances. Abortion is a big issue now a days and I feel that the utilitarian theory would be a reasonable outlook on this particular situation. To apply the Utilitarian theory to abortion‚ first we must relinquish right and wrong and the
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UTILITARIAN AND KANTIAN APPROACHES TO THE RELATIONSHIP BETWEEN GROUPS AND OUTSIDERS All of the social and political theories discussed in the previous sections agree that good leadership must be in the interests of followers. Where they disagree is on how much inequality between leaders and followers can be justified in pursuit of the common interest. Thus far we have equated the common interest with the interests of leaders and followers alone.[11] We turn now to a second main question about inequality
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The Enron Scandal and Analysis Business Law I- LEG100 *Describe how Enron could have been structured differently to avoid such activities. Enron lacked what every company‚ big or small‚ must have in place to survive and continue in the long-term. Internal controls and procedures is a company’s shield against theft‚ waste‚ and inefficiency. If Enron had structured their business around the five components of internal control the company may still be alive today. Those five components are:
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This document is examines the correctional theory and performance in criminal corrections towards the involvement of journalism. A combined understanding‚ knowledge‚ and approach of educational are focused on important strategy and issues that is challenged through current corrections. Additionally‚ the reader will observe the theory along with performances of correctional behaviors that ranges from directing offenders within society‚ issues in which is challenged inside assisting with the general
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A Theory of Justice is a work of political philosophy and ethics by John Rawls. It was originally published in 1971 and revised in both 1975 (for the translated editions) and 1999. In A Theory of Justice‚ Rawls attempts to solve the problem of distributive justice (the socially just distribution of goods in a society) by utilising a variant of the familiar device of the social contract. The resultant theory is known as "Justice as Fairness"‚ from which Rawls derives his two principles of justice:
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INTERNATIONAL JOURNAL OF SCHOLARLY ACADEMIC INTELLECTUAL DIVERSITY VOLUME 14‚ NUMBER 1‚ 2012 Compliance Theory and Organizational Effectiveness Fred C. Lunenburg Sam Houston State University ________________________________________________________________________ ABSTRACT According to compliance theory‚ organizations can be classified by the type of power they use to direct the behavior of their members and the type of involvement of the participants. In most organizations‚ types
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Which segment of its operations got Enron into difficulties? The fall of Eron has understandably generated significant interest in the professional literature as well as in the popular press. The activities and events underlying Enron’s collapse are manifold‚ but several stand out as particularly noteworthy. One is the use of special purpose entities (SPEs). Although SPEs often serve legitimate economic purposes and are still in use today‚ Enron used several of them to hide debt and to overstate
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people should live their lives in accordance of distinguishing the right actions from wrong actions (Boatright‚ 2007‚ p. 7). In ethics normative theory propose different principles on how society can deal with this dilemma and that is through the introduction of deontological and theological ethical system. Deontological ethics or non-consequentialist theory requires people to do the right thing simply because it is the right thing to do regardless of its consequences (Barry‚ Sansburry‚ & Shaw
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