Examining Business Failure

Examining a Business Failure At whizz spotlight of 2001, Enron was the seventh largest fraternity in the US, valued at $70 one million million million by the course market with an ambitious deal to be the world`s largest company. Instead, its demise made it as one of the most analyse cases, and one of the biggest failures in the business world. This composing will explain how lead, management, and organizational structures contributed to its failure and how some organizational- conduct theories could have predicted that fate. The economic consumption of lead, organizational structures, and management in Enron`s failure lead; Kenneth take down, Jeffery Skilling, and Andrew Fastow were the main reason for Enron`s monumental piddle way because of their toxic leadership tendencies that produced a cultic like leadership manikin in the following aspects: 1.Charismatic and cult like leadership culture that viewed the CEO as the unchallenged authority, with a lifestyle similar to that of a cult leader by enjoying a much greater luxury then the subordinates, and subordinates who have substituted the say-so in the reliability of their own perceptions with a total trueness to the leader.

Enron leaders cultivated a captivating self-image to the point where Kenneth define was dubbed as a latter day Elvis and elaborate by fortune magazine as a revolutionary, whereas, Jeffery Skilling was be intimate internally as Darth Vader from Star Wars with the same ability to whatchamacallit people`s minds. Even the prestigious Harvard Business rea ding made 11 case studies about Enron, citin! g its success and commending it as a business model for others to study. 2.Compelling vision that preached a full(prenominal) degree of followers` commitment to totalistic vision positive(p) them that they were serving a world leading company transforming the shipway of conducting business for the common good. Intense workloads up to 80 hours a week was a normal price to net for that high purpose. 3.Enron had recruitment rituals...If you want to get a rise essay, roam it on our website: BestEssayCheap.com

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