The Executive s And Outliers Were Red Flags For The Enron...

Enron was facing risks, risks from every angle. You can see from the history to the demise of the company everything was based on risk. Even when it came to the personal lives of those in charge, you can find some type of risk. Being a Houston native, I did not quite understand the reaction to Enron. I did not understand why it went so far as to changing the name of a stadium from Enron to Minute Maid Park. I was only a teen at the time, but now I am not. I now hope to explain my opinion on how the past, the executive’s and outliers were red flags prior to the Enron crisis. My thoughts on how they could have handled the matter. Lastly, express what I would have done if I was an executive or general council to such a company. Above I stated that risks were everywhere in the case of Enron. The custom is that in order to stay in business one must take a risk. I agree that this is essential when done with good intentions and business practices. This is something that lacked in Enron before the bigger crisis emerged. The first red flag for me would have been the â€Å"Valhalla Scandal†. This showed the true character and intentions of Kenny Lay. Which were to get as much money as he could no matter the legality of the practices and who suffers. This shows that some of the risks taken by Lay were not the best, for his company or employees. Since the employee was doing the illegal work, and producing funding. The employee is also who ended up in jail. Moving forward anotherShow MoreRelatedOrganisational Theory230255 Words   |  922 Pagesmanaging, organizing and reflecting on both formal and informal structures, and in this respect you will find this book timely, interesting and valuable. Peter Holdt Christensen, Associate Professor, Copenhagen Business School, Denmark McAuley et al.’s book is thought-provoking, witty and highly relevant for understanding contemporary organizational dilemmas. The book engages in an imaginative way with a wealth of organizational concepts and theories as well as provides insightful examples from the