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Need an argumentative essay on Enron subverted within the structure of the rational business organisation. Needs to be 5 pages. Please no plagiarism.The book by Bethany McLean and Peter Elkin (2005),
Need an argumentative essay on Enron subverted within the structure of the rational business organisation. Needs to be 5 pages. Please no plagiarism.
The book by Bethany McLean and Peter Elkin (2005), talks of the way 'the hypothetical future value' of their investments were booked and profits shown for the shareholders to consume. Enron started with Oil pipelines and made it to the broadband and to a host of other services including electric distribution and power supply.
While the core competency of the company lies in pipelines, they went into energy trading and broadband systems. They did not work out and build over their core competencies which are advocated by most of the management theorists (C K Prahlad &. Gary Hamel, 1990). Enron was bankrupt on January 25th, 2002. Though there were number of fraudulent practices that the company and its executives practiced, it is also true that the society had a leading role to play in the making of the company and its debacle. Supporting an untrue situation arises when the people involved are greedy and tempt a crowd to be greedy as well.
Enron became ambitious with the change in leadership and when the mantle was taken over by Jeff Skilling. Enron was ambitious even prior to that under the stewardship of Ken Lay. The growth was steady and the finances proved strong. But with Skilling taking over the leadership of the company, there was a subtle but a sure change in the approach of the management towards making money.
