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This paper examines the ethical violations of the energy giant, Enron, as an example of irresponsible corporate leadership. Additionally, the paper explores the impact of the Enron scandal as showing how corporations must first instill a strong sense of honesty and ethics into their culture in order to survive as an entity. In particular, the paper shows how a lack of ethics from leadership has widespread consequences on a large of number of parties. The paper concludes by stating that ethical corporate behavior provides a sociological basis for preventing what is essentially a strategic vice.
From the Paper:"This premise may best be exemplified by Enron, the energy concern that emerged in the late 1980s and, within a decade, had established itself as the largest energy provider in North America, also possessing prodigious contracts with the British government and direct ties to the incoming presidency of George W. Bush. But just as Enron had been a symbol for the perceived economic prosperity of the 90's, so too would it become emblematic of the malfeasant underbelly of America's increasingly unregulated and poorly self-governed mega-corporations. In 2002, allegations came to the surface that the organization's core of executive leaders had misrepresented company earnings, participated in insider-trading and had essentially looted the company of its value."
Sample of Sources Used:
- BBC News. (August 2002). Enron Scandal at-a-glance. British Broadcasting Company. Online at <http://news.bbc.co.uk/2/hi/business/1780075.stm>.
- George, Bill. (2003). Authentic Leadership: Rediscovering the Secrets to Creating Lasting Value. Jossey-Bass Publishing.
- Kelly, Marjorie. (2004). It's A Heckuva Time to Be Dropping Business Ethics Courses. Business Ethics Magazine. Online at <http://www.business ethics.com/BestBizSchools.htm>.
- Webley, Simon & Elise More. (2003). Does Business Ethics Pay? Institute of Business Ethics. Online at < http://www.ibe.org.uk/DBEPsumm.htm>.
Cite this Analytical Essay:
The Ethical Failures at Enron (2010, October 30) Retrieved September 30, 2023, from https://www.academon.com/analytical-essay/the-ethical-failures-at-enron-145241/
"The Ethical Failures at Enron" 30 October 2010. Web. 30 September. 2023. <https://www.academon.com/analytical-essay/the-ethical-failures-at-enron-145241/>