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The Enron Corporation: External Factors, The Free Market, Means of Adding Product Value, and Corporate Culture
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Business Ethics Essay research papers
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This is a 7 page paper discussing various factors in the downfall of the Enron Corporation. The collapse of the Enron Corporation led to the largest bankruptcy in U.S. history and to thousands of the company’s employees losing their savings which was tied into the company’s stock. Before the bankruptcy however, Enron was considered one of the world’s largest energy, commodities and services company as it “marketed electricity and natural gas, delivered energy and other physical commodities, and provided financial and risk management services to customers worldwide” with over $101 billion in revenues reported in 2000. There are a great many theories which have been used to explain the downfall of the Enron Corporation many of which deal with the corruption and lack of integrity within the leaders of the company. The collapse of Enron also had a great deal to do with the number of external factors and affiliations which many say reveal a weakness in the competitive and risk-taking free market economy. However, many critics argue that it is not the free market which is to blame but in fact the illegal dealings and the imbalance of the corporate culture within Enron itself which has tarnished the positive aspects of the free market.
Bibliography lists 6 sources.
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Pages:
7
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Filename:D0_TJEnron1.rtf |
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Paper Title:
The Enron Corporation: External Factors, The Free Market, Means of Adding Product Value, and Corporate Culture
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