Enron and Business Ethics
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This paper discusses the issue of business ethics as it applies to Enron's collapse. It looks at Enron's ethical conduct in respect to its clients and outlines implications of the company's unethical behavior. Since the purpose of the project is to evaluate the ethical performance of the global energy leader, the scope is limited to Enron and energy companies directly impacted by Enron's activities.
From the Paper:"Over the last few decades until recently Enron remained the industry leader. In year 2000 Enron was ranked "one of the world's leading energy, commodities and service companies" with $101 billion revenues (Enron homepage). In 2001 Enron received a title of "Most Innovative Company in America" for the sixth consecutive year in Fortune Magazine (Fortune Magazine). As the company's CEO and chairman Kenneth Lay said, "Our world-class employees and their commitment to innovative ideas continue to drive our success". Furthermore, Enron was placed number 18 on Fortune's list of 535 "Most Admired Companies", in the top five in "Quality of Management", "Quality of Products/Services", and "Employee Talent"(Enron special press release ). Although Enron was praised in the marketplace for impeccable leadership and success, the company unexpectedly collapsed after multiple unethical and illegal activities had been discovered."
Cite this Cause and Effect Essay:
Enron and Business Ethics (2003, December 11) Retrieved September 25, 2023, from https://www.academon.com/cause-and-effect-essay/enron-and-business-ethics-46118/
"Enron and Business Ethics" 11 December 2003. Web. 25 September. 2023. <https://www.academon.com/cause-and-effect-essay/enron-and-business-ethics-46118/>