Enron Case Study

5424 Words 22 Pages
Register to read the introduction… Through interaction with relevant philosophies, theories and researches, I will be able to build a very conclusive argument that can be the basis for action or further research. Being a theoretical study, the leaner will not gain from interacting with real ethical situations from the companies. A practical study could have helped the researcher to have a one on one interaction with different stakeholders and hence developed a stronger understanding of the …show more content…
This worked for a short period of time because as time went by and pressure mounted, it became apparent that the company was making losses. As a further strategy, the company set up a Special Purpose Entity to try and salvage itself from the looming disaster. The CEO and Mr. Killing again involved the SPE in un-lawful and unethical activities like trading with it which is against SPE regulations. As a result of the multiple repetitive unethical practices of the individual managers of the Enron Company, the company collapsed (Farzan …show more content…
One of the strategies is building an efficient and effective code of ethics (Mitchell, 2003). According to Mitchell, not very many companies and organizations have got a code of ethics that is written. This is in as much as they appreciate the importance of business ethics. For example, 71% of Australian companies and 70 % of Japanese companies do not have written code of ethics (Mitchell, 2003). This results in less effective adherence to the ethics because the constant reminders which are the code of ethics are not

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