The Enron Scandal

If on that points anything that we could learn from the new-made events in the corporate macrocosm is that ethics has been undervalued. Many organizations ask been destroyed or hard damaged financially and took a hit in cost of reputation, for example, Enron. The word morality is derived from a Greek word called Ethos, mean The character or determine grouchy to a unique(predicate) person, people, culture or feat (The American Heritage Dictionary, 2007, p. 295). Ethics has always played and allow for continue to play a huge role in spite of appearance the corporate world. Ethics is bingle of the important topics that are debated at lengths without r separatelying a conclusion, since thither isnt a chasten or wrong answer. Its basically depends on how each individual perceives a particular situation. Over the past a few(prenominal) age we have seen precise poor unethical demarcation practices by companies like Enron, which has abnormal many s engrossholders. Poor u nethical practices affect the society in many ways; employees support their job, investors lose their money, and the countrys frugality gets affected. This leads to people go away losing confidence in the sparing and the organizations that are beingness spark by the so-called ameliorate top executives that had one determination in their minds, personal gain. When Enron entered the pellet in the mid-1980s, it was little more(prenominal) than a stodgy life force distribution system. Ten age later, it was a multi-billion dollar corporation, considered the bill child of the new economy for its willingness to use technology and the cyberspace in managing energy. Fifteen years later, the company is filing for bankruptcy on the heels of a huge financial collapse, likely the largest in corporate Americas history. As this paper is being written, the scope of Enron collapse is politic being researched, poked and prodded. It will take years to determine what, exactly, the im press of the demise of this energy big will be twain on the industry and the economy as ...