Enron: The Smartest Guys in the Room - Kenneth Lay Jeffrey Skilling Andrew Fastow
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Enron: The Smartest Guys in the Room -
Kenneth Lay
Jeffrey Skilling
Andrew Fastow
Step by step
Solved in 3 steps
- Investigate and analyze the company's history and growth. Identify ALL ethical issues. Identify ALL internal stakeholders affected by the ethical issue(s). Identify ALL external stakeholders affected by the ethical issue(s).Exercise 1: Organisational Culture ETHICAL DILEMMA: Culture of Deceit Culture of Deceit We have noted throughout the text that honesty is generally the best policy in managing OB. But that doesn't mean honest dealing is always the rule in business. Studies have found, in fact, that whole industries may encourage dishonesty. In one experiment, subjects were first asked either to think about their professional identities or to complete a generic survey. They were then asked to report on a series of coin Flips; they were told in advance that the more times the coin showed heads, the more money they would make. The bankers who took the generic survey were about as honest in reporting coin flips as people who worked in other fields. The bankers told to think about their professional identities, however, exaggerated how often the coin turned up heads. People in other professions didn't do so-the tie between professional identity and dishonesty was unique to those who worked in banking. These…Apple Identify the conditions that foster individual, team, and organizational effectiveness and the disruptive forces that can derail them. Analyze and evaluate evidence related to managing people and develop evidence-based solutions to people management problems. Identify a “real world” event or problem that deals with some of the course concepts or theories that were covered in class. Briefly describe the event or situation Discuss how applying course concepts or theories might be useful (i.e., did the person suffer from not understanding a fundamental organizational behavior theory? Is a company succeeding because of an insightful application of a specific organizational behavior topic? Did using a technique we cover in class help you to achieve a goal or solve a personal problem?). Engage in thoughtful reflection by discussing the implications of the situation you describe for the future (i.e., What do you think the person should be doing next? What should the company be…
- At a recent offsite, we broke into small groups of 2-3 people each and imagined ourselves as the leadership team of another marketplace company with somewhat different dynamics. We want to do the same thing with you, because this is our best idea for giving you the most truthful and realistic simulation of what it's like to work together. We love this stuff, and relish the opportunity and responsibility that comes with being stewards of a large marketplace that thousands depend on. If you were running Uber, what are best 2-3 ideas that actually pencil? What’s the output operating metric or financial metric that’s most important to move? What’s the input metric that is the most powerful one to move, to move that output metric?2- 15 O Exercise 9-5 All In the Family: The Company in the Hands of the Second Generation You have recently started a business as a consultant to small businesses and are ready to begin work with your first client. It is a million dollar-a-year technical services company that was started by two friends, Sherman and Kelly, 20 years ago. Kelly is a little older than Sherman and has reduced his work schedule to part time. Sherman is still working full time, but would like to slow down and enjoy the fruits of his labor. Each has three children. Kelly has two sons and a daughter, all of whom have worked in the business at one time or another. Kelly has a very good relationship with all of his children. Sherman has two daughters who have never had any interest in the business and a son, J.R., who had worked in the business for a time until he and Sherman had a falling out when Sherman divorced J.R.'s mother 15 years ago. It was a bitter divorce that had a very negative impact on Sherman's…