Wednesday, May 6, 2020

Organizational Culture The Demise Of Enron - 1489 Words

Introduction Ethical obligations are very important at all levels of business, corporate, state, or international activities. Profitable corporations have a powerful effect on people, economies, and global relationships. Not all large corporations but some, like Enron operate parallel to the all the good they portray but in a vacuum they operate with only their selfish desires and greed. Organizational culture can be difficult to define in a sense because it’s not a palpable concept. For example, culture is more like a tradition, belief, or something cultivated; surely it can be felt, but it can’t be grasped. Thus this paper will examine the definition of organizational culture, the demise of Enron, and discuss ways the leadership†¦show more content†¦Additionally, Schein (2004) also implies that organizational culture is an energy built over time, which can move people to act or impede them from acting. Culture will develop by an organization’s ab ility to shape its culture is determined primarily by its level of intention. Organizational culture is constantly changing, as the corporations remain competitive and relevant with the biggest and the brightest. It takes time; Enron was built over time with a plethora or extremely intelligent individuals, who fully supported the idea of elaborate scheme, also know as a â€Å"new business model† as Enron grew. When organizations merge, the role of the middle manager as an agent of change is to make sense of, unite, and transmit the organization s culture. Leaders from the top down, who choose to ignore their own organizational culture or manipulate it in the wrong direction do so at the risk of the organizations success and success of their employees, stakeholders, and organizations that rely on them for support. Nonetheless, those who make the conscious decision to plan, create, implement, and nurture a specific corporate culture have the potential to reap significant be nefits (Valentino, 2004). Wrong Turn for Enron Enron began life in 1985 when it was part of an interstate pipeline merger of Houston Natural Gas and Omaha-based InterNorth. Enron branched out into various broad sectors of territory and was moving in them so fast that the U.S. Securities

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