Overview In his book, The Imperial Presidency, Arthur Schlesinger recounts the rise of the presidency as it grew into the imperial, powerful position that it is today. His writing reflects a belief that the presidency is becoming too powerful and that very few people are making a real effort to stop it.
Managerial Aspect The Collapse of Enron: Managerial Aspect Summary The downfall of Enron Corporation is one of the most infamous and shocking events in financial Secrecy a major downfall essay in the whole history of the mankind, and its reverberations were felt on global scale.
Prior to its collapse inEnron was one of the US leading companies and frequently considered among top 10 admired corporations and most desired places to work, and its board was often recognized among the best five US companies in accordance with the Fortune magazine.
While Enron Corporation was so highly praised by the outside observers, internally it had highly decentralized financial control and decision-making structure, which made it practically impossible to get coherent and clear view on corporations' activities and operations. Of course, the problem was not exclusively due to poor managerial performance, all the departments of the corporation were involved in the ruining corporate ethical values and principles, but executives and managers bear primary responsibility for the absence of corporate culture, clear accountability and transparence of the company.
If operations management worked properly, in its full force, and if it was given possibility to work in such a way, there could be a chance of escaping the tragedy.
Enron Corp brief history Enron Corporation was one of the largest global energy, services and commodities company.
Before it was filed bankruptcy under chapter 11, it sold natural gas and electricity, delivered energy and other commodities such as bandwidth internet connection, and provided risk management and financial services to the clients around the world.
Enron Company quickly developed from merely delivering energy to brokering energy futures contracts on deregulated energy markets. Inthe company started to sell electricity, and init entered European energy market.
Questionable accounting methods and techniques provided Enron with possibility to be listed as seventh largest United States company and was expected to dominate the market which the company virtually invented in the communications, weather and power securities Bryce, But instead the corporation became the largest corporate failure in the global history and an example of well-planned and institutionalized corporate fraud.
Enron became wealthy due to its pioneering marketing and promotion of power and communications bandwidth services and risk management derivatives, including such innovative and exotic items as weather derivatives.
InEnron launched an initiative of buying and selling access to high-speed Internet bandwidth, and also Enron Online was launched as a Web-based trading site, making Enron e-commerce company. It had stakes in almost 30, miles of gas pipelines, either owned or accessed 15, miles of fiber-optic network and had stakes in global operations on generating electricity Thomas, In the result, for five years in a row, from toEnron was named "America's most innovative Company" by Fortune magazine, and headed the list of Fortune's " best companies to Work for in America" in Enron reputation was undermined by rumors on bribery and political pressure with the objective of securing contacts in South and Central America, Philippines and Africa.
The Enron was blamed to use its connections with Clinton and Bush administrations to express pressure in their contracts. The events were followed by a series of scandals involving irregular accounting methods bordering on fraud which involved Enron and Arthur Andersen accounting firm and led Enron on the verge of undergoing the largest bankruptcy in economic history in November Emshwiller, Smith, Since Enron was always considered a blue chip stock, the bankruptcy was a disastrous and unprecedented event in the global financial world.
Enron's downfall was definite when it was found out that a considerable share of its profits resulted from deals with so-called special-purpose entities, limited partnership under control of Enron.
It resulted in the possibility of not reporting many of the company's losses in its financial statements. The final plan of Enron's bankruptcy included creation of three new businesses which would be spun off the company.
Operations management scope of functions To understand the reasons of this bankruptcy and the level of managerial implication in the quality performance of the company, particularly that of operations management, it is necessary to outline the main functions of operations management and impact it should have of functioning of the organization.
The principal task of operations management is effective transformation of inputs into "desired outputs" of the company Shafer, The outputs are traditionally understood in manufacturing and profit-making context within the organizations.
But recently it has been recognized that operations management is a discipline which is not limited with such narrow functions; it can be deployed in practically any area where the organization aims at achieving its objectives Barnett, For instance, non-profit or public sectors have to learn to optimize their internal operations and processes in the situation of limited resources; service companies come to conclusion that by reappraising their delivery process they can revolutionize and significantly improve their approach to manufacturing companies and their marketplace.
Robin Wood gives the example of such operations management implication in Daewoo company, which understood that it can specialize and differentiate its product by adding definite bundle of benefits to its product which includes additional supporting services. Operations sector is the heart of these changes that are made by leading companies to improve their performance and increase customer base.Downfall of the Ku Klux Klan Essay.
Submitted By FrancesRicaza1. Words: Pages: Open Document.
Founded around the late s, the Ku Klux Klan was an organization that was created by a few Confederate veterans as a social club in a small town in Tennessee. The Klan began its second phase of post- Civil War Reconstruction which was.
In its preface, Frankenstein claims to be a novel that gives a flattering depiction of "domestic affection." That seems a strange claim in a novel full of murder, tragedy, and despair.
But, in fact, all that tragedy, murder, and despair occur because of a lack of connection to either family or society. Oct 12, · Research Paper, Essay on The Great Gatsby In the Great Gatsby by F.
Scott Fitzgerald, the secrecy and deceit practiced by Jay, Daisy, and Myrtle leads to inevitable tragedy when the truths are revealed. The Great Gatsby The Great Gatsby by F. Scott Fitzgerald is a story of morals and American idealism, this being a major theme of the. Hamlet: Contrast Plays A Major Role Essay - Hamlet: Contrast Plays A Major Role In William Shakespeare's Hamlet, contrast plays a major role.
Characters have foils, scenes and ideas contrast each other, sometimes within the same soliloquy. One such contrast occurs in . The Collapse of Enron: Managerial Aspect Summary The downfall of Enron Corporation is one of the most infamous and shocking events in financial world in the whole history of the mankind, and its reverberations were felt on global scale.
Prior Creon’s first speech and justification, the audience learns from Antigone and Ismene’s conversation conducted in secrecy that Antigone is keen to give her outlawed brother the proper rituals for a burial.