Read Movie Review On Enron: The Smartest Guys In The Room and other exceptional papers on every subject and topic college can throw at you. This was shown to shareholders so they can spend money and invest in Enron. Factor That Led To Enron's Downfall The company started by ensuring that it was not under regulation by the government. The major issue that faced the company was however the embezzling of funds by the company’s executives. Enron: the Smartest Guys in the Room. This paper seeks to discuss organizational theory with respect to Enron Company that was forced into collapse. One of the causes of the malpractices was the competitive nature that the company had, or was assumed to be having. Under the deregulation, the company’s “executives were permitted to maintain agency over the earnings reports that were released to investors and employees alike” (Laws 1). That brings in the ethical issue of conflicts of interest, one of key problems at Enron. The database is updated daily, so anyone can easily find a relevant essay example. This paper will focus on the business ethics issues at Enron that were. Though the company was making losses due to its poor investments and embezzlements, there is a possibility that reduced efficiency of the company’s workers must have as well contributed to the firm’s loss making (Garsten and Hernes 110). Garsten, Christina and Hernes, Tor. The type of individuals that ran the company was characterized by a high level of impatience with respect to their targets. professional specifically for you? Personality theory explains that these traits never lead to long term success. And what a piece of work these men were. This essay on Enron: The Smartest Guys in the Room was written and submitted by your fellow student. There was a vast number of ethical issues raised in the movie “Enron-the Smartest Guys in the Room” but the four I am going to focus on are listed below. In viewing “Enron: The Smartest Guys in the Room” it was clear that all three of these flaws contributed to the demise of Enron, but it was the synergy of their combination that truly let Enron to its ultimate path of destruction. It similarly led to adoption of compromised accounting practices that were also meant to hide the true status of the company (Garsten and Hernes 107). The company could not afford to compromise its credit rating which would translate into its stock prices and its investor’s attitude. Arora The Smartest Guys in The Room BAT4M Patel The Enron Scandal, one of the most controversial events to ever take place in the corporate world. The company was then reported to have a high level of misrepresentation of its records to its investors and potential investors. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. After reading the Ritzer article (Links to an external site.) The Enron Company was faced by a scandal that was caused by the firm’s management. The action obviously made Enron financial data look good, but at the same time deceived the company’s investors about the real performance. January 13, 2020. https://ivypanda.com/essays/enron-the-smartest-guys-in-the-room/. (2010). In addition to being the largest bankruptcy reorganization in American history at that time, Enron was attributed as the biggest audit failure. The desired competitive culture is therefore responsible for driving the organization into actions that were meant to protect the firm but which later spilled to its collapse. Cases of unethical behavior, poor organizational culture together with disregard to organizational theories and behavior contributed to the firm fall. As the movie suggests, Enron is “not, In review of the Enron case, executives higher up exploited their privileges and power, participated in unreliable treatment of external and internal communities. Enron Company was characterized by a number of problems in the form or malpractices that led to the eventual collapse of the entity. These executives placed their own agendas over the employees and public, and neglected to accept responsibility for ethical downfalls or use appropriate management. As people were busy investing the company, the management was on the other hand looking for avenues to channel the company’s finances into pockets of individual executives. Canadian organizational behavior. The company’s money was then channeled by the management to their accounts or those that belonged to their friends of relatives (Tesfatsion 1). Since it’s such leadership that should “create, reinforce or change the organization’s culture” through “attention, reaction to crises, role modeling, and allocation of rewards” among others, a compromising leadership in the organization was a cause to its problem (Garsten and Hernes 107). Enron: The Smartest Guys In The Room essay from our essays database at Essays Bank. "Enron: The Smartest Guys in the Room." It is this need to protect its gained untrue competitive status that the company had developed which fuelled its cover up avenues. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. It was actually this desire that led to the company’s loss of ethical practices as anything had to be done in order to protect the organization’s hidden secrets. The paper will then analyze the problems and then look into organizational behaviors and theories that affected the company. The organizations reward system, or its lack of reward system to its employees was another factor in the resultant problem that was later to be realized. This is a review of the movie, Enron: The Smart Guys in the Room. The company was also characterized with high level of dishonesty in the delivery of its services and goods to its consumers. The film does a wonderful job of depicting the downfall of Enron and how the corporate culture and ethics were key to Enron’s fall. Sims, Ronald. Leaders have great influence in an organization, but policies will not be effective if they do not, Enron: The Smartest Guys in the Room Organizational theories that help managers into understanding their activities were for example greatly ignored by the organization. Web. Essay Details. Being said that, the corporation owes all stakeholders the obligations to meet their interests. Relate what happened at Enron to the fraud triangle and give specific examples for each of the elements (Pressure, Opportunity, and Rationalization). The three main guys leading the pack was Ken Lay, Jeffrey Skilling, and Andy Fastow. Apart from intentionally concealing its true financial status, the company also engaged in practices that were fraudulent in nature. Art Anderson, Ken Lay and all of the other executives did a number of unethical things which ultimately brought down Enron and affected thousands of employees and their futures. New York, NY: Taylor & Francis, 2008. Enron: The Smartest Guys in the Room shows us how basic human nature does not change, whether it's in the easy fall into killing as a means to resolve disputes, or in the incessant human obsession to acquire for, Introduction . Ken Lay, Jeff Skilling, and the rest of the executive members of Enron believed they were more intelligent than the rest of the world and tried to play above the rules in order to beat the system, while ultimately backfired. The documentary, “Enron: The Smartest Guys in the Room,” provides an in depth examination of Enron and the Enron scandal. The paper will look into the issues that faced the company leading to its collapse. November 10, 2020 | By conclusion about friendship essay | 65 Gregory and which does not mean, however, the enron smartest guys in the room research paper that had a slight fillet. The actions of Enron’s management that was evidenced in their embezzlement of funds, malpractices and disregard to employees form behavior that led to the collapse of the firm (McShane and Steen 1). 1. The application for deregulation by the company seems to have been a planned move to help it conceal its malpractices that was to follow the grant. In Enron, the problem was an organized scandal that was planned and started by the organization’s founder and then fuelled by the company’s executives. Enron: The Smartest Guys in the Room is a 2006 documentary based on the identically named bestselling book written by Fortune Magazine reporters Bethany McLean and Peter Elkind. Organizational theory ensures that issues facing an organization are resolved and responsibilities undertaken. This meant that the practices and records of the company were exempted from scrutiny that is normally done over business entities. The theory of moral muteness played a large role in the collapse of Enron. Enron scandal summary. "Enron: The Smartest Guys in the Room." This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys…show more content… The company’s stakeholders include primary groups of customers, employees, shareholders, owners, suppliers, etc. When the sequence that represents a work environment. Consequently, they were discouraged and probably lost interest in working for the company. Barzilai, Kathryn. The future value accounting just shows a list of future profit that was predicted. and secondary groups of community. ...The Smartest Guys in the Room The movie called the smartest guys in the room, narrates the process that how does Enron Corporation, one of the world’s major electricity, one of the world's major electricity, natural gas, and communications companies, with claimed revenues of nearly $111 billion during 2000, went bankrupt eventually. As in any organization, Abstract The movie ENRON smartest guys in the room is about one of the biggest corporation corruptions in the United States. Management should therefore ensure that roles are allocated in a manner that is not oppressive because this can cause conflicts among employees. Organizations behavior refers to people’s reactions with respect to an organization. It is a story about people, and in reality it is a tragedy. Though unethical values can be checked and controlled easily in an organization that has an ethical top brass that is ready to influence and control ethics in the organization, it is very difficult to first of all detect and then even control such practices if they manifest in an organization’s top management. The whole sequence of how Enron as a company which was one of the global giants in the energy sector collapsed and went under is well depicted in the documentary called “Enron: the Smartest Guys in the Room” which is centered on the book that was written by Bethany McClean and Peter Elkind who were reporters and authors at Fortune. Enron, once a dormant natural gas pipeline company grew to become the seventh largest publicly-held company in the United States, collapsed in December 2001 because of its “Ponzi” schemes and shoddy business practices. Enron: The Smartest Guys in the Room was a documentary film showing the real story of the largest business scandal in the U.S. where top executive officers in Enron Corporation squandered over one billion American dollars … "Enron: The Smartest Guys in the Room." IvyPanda, 13 Jan. 2020, ivypanda.com/essays/enron-the-smartest-guys-in-the-room/. Enron the smartest guys in the room research paper for admission essay writing service. The film, produced by Alex Gibney is an explicit demonstration of how reputable corporations can tumble down because … What’s your deadline? January 13, 2020. https://ivypanda.com/essays/enron-the-smartest-guys-in-the-room/. Many investors may make their investing decisions based on those false data. Write a Paper on the movie “Enron: The Smartest Guys in the Room” and the audio “Why Do We Cheat?” (from an episode named “Our Buggy Brain”) Need help with this Essay/Dissertation? Custom «Enron: The Smartest Guys in the Room» Essay Paper essay Thesis Statement In the corporate culture where executives are rewarded huge bonuses on declaring huge profits leads to corporate excesses such as greed and financial misreporting in corporate the corporate world. Do not answer them one by one; you should craft a college-level essay with a strong introduction, body, and conclusion, using APA formatting. IvyPanda. Organizational Theory, n.d. McShane, Steven and Steen, Sandra. Ethics and corporate social responsibility: why giants fall. The example of Enron, chronicled in the film "Enron: The Smartest Guys in the Room" (2005) seems to be prescient of the kind of corporate arrogance we are seeing in America today, that has precipitated yet another, even worse financial crisis. When people hear the name Enron they automatically associate their name with one of the biggest accounting and ethical scandals known to date. The paper "Enron: The Smartest Guys in the Room" informs about the company Enron that was suffering from huge losses and the financial statements manipulation was just a StudentShare Our website is a unique platform where students can share their papers in a matter of giving an example of the work to be done. The firm was characterized by malpractices in its administration that led to embezzlement of funds by top officials and a subsequent accounting cover ups. In the film, Enron-the Smartest Guys in the Room, the illegal activities of 4 major characters are revealed: Kenneth Lay, Jeffrey Skilling, Lou Pai, and Andrew Fastow. Ask Why? it took Enron 16 years to go from about $10 billion of assets to $65 billion of assets, and 24 days to go bankruptcy. Please provide a causal explanation of their illegal behaviors by drawing from the specific theories of white collar crime motivation to answer the following questions: 1. ), and organizational (world-class culture) perspectives. 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