case assignment instruction

User Generated

Zliraf17

Business Finance

Liberty University

Description

You will complete 2 Case Assignments from Business Ethics: Ethical Decision Making and Cases

Unformatted Attachment Preview

BUSI 472 CASE ASSIGNMENTS INSTRUCTIONS You will complete 2 Case Assignments from Business Ethics: Ethical Decision Making and Cases. You will answer the questions at the end of the case in 4–5 pages (double spaced), not including the title or reference pages. The Case Assignments must be written in current APA format. In addition to the Ferrell textbook, utilize outside sources on the case questions. All sources must be of a scholarly nature; the sources must be either textbooks or journal articles from peer-reviewed journals. At least 5 references are required in addition to the course textbooks and the Bible. As this is a paper that requires research, it must be written in third person. Case Assignment 1 can be found in the Ferrell textbook. The case is Case 1, “Monsanto Attempts to Balance Stakeholder Interests.” The paper must have at least 3 Level 1 headings that correspond to the following case points: • • • Efficacy of Monsanto’s Ethical Culture. Costs and Benefits of Growing GMO Seed. Management of Harm to Plants and Animals. Case Assignment 2 can also be found in the Ferrell textbook. The case is Case 9, “Enron: Questionable Accounting Leads to Collapse.” The paper must have at least 3 Level 1 headings that correspond to the following case points: • • • How did the corporate culture of Enron contribute to its bankruptcy? In what ways did Enron's bankers, auditors, and attorneys contribute to Enron's demise? What role did the company's Chief Financial Officer play in creating the problems that led to Enron's financial problems? Submit the Case Assignments via SafeAssign by 11:59 p.m. (ET) on Monday of the assigned modules/weeks.
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

check_circle Tutor_Janet marked this question as complete.

Running head: ENRON’S CORPORATE CULTURE
Enron’s Corporate Culture
Student’s name
Course name and number
Instructor’s name
Date submitted

1

ENRON’S CORPORATE CULTURE

2

How did the corporate culture of Enron contribute to its bankruptcy?
The corporate culture of Enron company consisted of a high level of aggressiveness
and arrogance; however, the company was not like that initially. Enron was formed after a
merge of InterNorth Corporation and the Houston Natural Gas in 1985. After the merger,
Willis Straus was the acting chairman with a positive attitude and loved by all the employees.
Straus was free with the employees and engaged freely with them. Straus successor was Sam
Segnar who happened to be arrogant and full of pride unlike the past chairman(Ferrell,2017).
Therefore, Enron quickly went from a company with a strong corporate culture to one where
titles were everything.
Enron’s culture supported unethical employee’s treatment without any question as
long as there was monetary gain. After the merger of the companies, the board of directors of
both firms were combined with Kenneth Lay as the board chairman. Kenneth Lay had a
positive work attitude which was not adhered to by his successor Jeff Skilling. Skilling
introduced the “rank and yank system” by bringing workers’ reviews every half yearly with
the lower 20% forced out of a job(Ferrell,2017). The corporate culture recognised
innovations and punished those deemed as week rather than advocating for moral values of
integrity and respect.
The rank and yank system created a hostile work environment which eventually led to
the cover-up of many wrong decisions. The employees abandoned the company’s values and
visions and were focused on competition among each other(Dibra,2010). Kenneth Lay was a
strong advocate of a conducive work environment consisting of integrity, respect and
excellence. However, his successor made the corporate culture to be one of punishment rather
than appreciation.
The cut-throat c...


Anonymous
Goes above and beyond expectations!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags