Saturday, May 11, 2019
Organization Improvement Project Essay Example | Topics and Well Written Essays - 250 words
Organization Improvement Project - Essay physical exerciseessful organization leading in the business of water, gas and electricity, Enron was transformed into a credit laden and failed confederation due to unaccountability, corruption and failure to apply ethical principles (Gutman, 2002).Unethical and corrupt leadership was the greatest expression for Enrons collapse, which for years, the company tried to hide from the public domain. Coupled with dubious retirement plans and stocks, this culminated in sinister consequences for the company, downgrading what it had achieved in 15 years, whereby it had established itself as a giant in the business world in the US (Gutman, 2002). Measures that the company would have instituted to ensure that the company did not collapse include inculcation of organisational ethical cultures in company operations and the management institution of trade-offs between individual actions and positive actions supporting leaders to have ethical consciousn ess and to ensure leaders are accountable in their actions. more or less important, there should be a complete overhaul of corporate and fiscal systems so that transparency and moral philosophy are injected into corporate business practices at Enron.A potent and noteworthy plan needs to be put in place so that improvement put up be achieved in the organization. This plan, the Ethical lead Decision Making Model, must always expect leaders to exhibit moral awareness earlier undertaking tasks. In so doing, leaders would be able to gauge the extent of their actions. It is important for every leader to weigh the end results of issues before undertaking themIn conclusion, The Enron Scandal illustrates what unethical business practices can do to a successful company. Once a successful organization, Enron collapsed as a result of unethical decisions, dubious business practices and lack of accountability by its leaders (Gutman, 2002). Had the company instituted business ethics in its pr actices, it would still be the successful company that ruled America for 15
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.