Enron and a New Ethics

Paper Summary:

The paper uses Enron as the epitome of why ethics not only belong in the business world, but in business education as well. The paper describes Enron's lack of ethical responsibility at every level of corporate oversight. The paper outlines a three part strategy for the new Enron to implement that will return stakeholder faith to the company.

Outline:
Overview
Ethical Breakdown
Recommendations for a New Ethical Stance

From the Paper:

"The business world would be hard pressed to find a better example than Enron in the annals of business literature to present as the epitome of why ethics not only belongs in the business world, but in business education. While mathematics and the hard sciences are important in providing the foundation of business and technology solutions, ethics are equally important in providing the appropriate leadership model and moral compass in an environment that is often difficult to navigate. When Earley and Kelly (88) write that, "there has been recent press coverage regarding whether ethics education has been adequately emphasized in business schools, and in accounting programs in particular...," it becomes patently obvious that the institution of business education has not compensated for the scarcity of ethical guidance in executive management, before or since Enron's widely reported bankruptcy."

Sample of Sources Used:

• Dettmer, J. "Audit Crisis Casts Pall Over Wall Street." Insight on the News, 18(2002): 15+.
• Earley, C. E., & Kelly, P. T. "A Note on Ethics Educational Interventions In An Undergraduate Auditing Course: Is There An "Enron Effect"? Issues in Accounting Education, 19/1(2004): 53+.
• "Enron." Enron Corporate Website. 28 Sept. 2006<http://www.enron.com/corp/>.
• Fox, L. Enron: The Rise And Fall. Hoboken, NJ: Wiley; 2003.
• "Summary of Sarbanes-Oxley Act." Association of International Professional Accountants [online]. 28 Sept.2006<http:// www.aicpa.org/info/ sarbanes_oxley_summary.htm.>

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