Enron Scandal as an Example of Negative Impact of Systematic Corruption on a Company: [Essay Example], 284 words GradesFixer
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Enron Scandal as an Example of Negative Impact of Systematic Corruption on a Company

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CORRUPTION IN ORGANIZATIONS

In the current business world, the organizational culture has a significant impact on the performance of the organization. Companies create their own culture through values, beliefs. History and the structure that develops a sense of identity. Organizational ethics are grouped into three categories, personal, organizational and systemic. Enron is an excellent example of how systemic corruption can bring down a company.

In the case of Enron, the downfall of the company goes beyond economic and financial circumstances. The corporate culture is seen as the reason behind the fall of the company. It was the culture of moneymaking and greediness with little regard to law and ethics that made the company fall, (Kay, 2018). Through its manager, the company was able to manipulate its financial reports so that it looked like the company was not making a loss. The company managed to keep its records clean whereas it used to make a lot of losses. Of course, this created an ethical shift when this comes to the public. The corruption that kept happening at Enron shows that managers have powers that can instill corruption at the company, in the name of managing.

I think legit powers of managers of companies can to be overused to the extent of tolerating corruption in a company. The managers are the senior most person of the company, and therefore he or she is not answerable to anyone in the setup of the organization. This can make it easy for the manager to start unethical behaviors. There must be regulations that limit this type of power. The ethical discipline should be instilled in the organizational culture of the system to prevent cases like that of Enron.

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Enron Scandal as an Example of Negative Impact of Systematic Corruption on a Company. (2019, January 03). GradesFixer. Retrieved October 24, 2020, from https://gradesfixer.com/free-essay-examples/enron-scandal-as-an-example-of-negative-impact-of-systematic-corruption-on-a-company/
“Enron Scandal as an Example of Negative Impact of Systematic Corruption on a Company.” GradesFixer, 03 Jan. 2019, gradesfixer.com/free-essay-examples/enron-scandal-as-an-example-of-negative-impact-of-systematic-corruption-on-a-company/
Enron Scandal as an Example of Negative Impact of Systematic Corruption on a Company. [online]. Available at: <https://gradesfixer.com/free-essay-examples/enron-scandal-as-an-example-of-negative-impact-of-systematic-corruption-on-a-company/> [Accessed 24 Oct. 2020].
Enron Scandal as an Example of Negative Impact of Systematic Corruption on a Company [Internet]. GradesFixer. 2019 Jan 03 [cited 2020 Oct 24]. Available from: https://gradesfixer.com/free-essay-examples/enron-scandal-as-an-example-of-negative-impact-of-systematic-corruption-on-a-company/
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