Tutor Quora

BC 306 Professional Ethics And Leadership

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

BC 306 Professional Ethics And Leadership

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

BC 306 Professional Ethics And Leadership

0 Download4 Pages / 769 Words

Course Code: BC 306
University: Florida State University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Question
The case study should have 5 Scholarly Articles and make sure it has no plagiarism.https://www.forbes.com/sites/kensilverstein/2013/05/14/enron-ethics-and-todays-corporate-values/#5c19a0ab5ab8
Answer
Professional Ethics and Leadership
Introduction
The Enron ‘s scandal ended many years ago but the experience will stay in our minds forever (Chen, 2015). The C.E.O, Jeffrey Skilling had hidden all the financial losses the company had experienced before the down fall which was evident that he had a hand in the collapsing of the company and as a result he was imprisoned for ten years and just ended his imprisonment in 2017.According to Chu & Hsu (2017), this scandal created a new perception of business ethics. It was found that the management kept two set of books that hidden billions of dollars which were the debts owed to the outsiders by the company. This in deed was not a professional ethical practice because the company managers are people who should be responsible for the success of the organization in charge. Business ethics require leaders to be transparent in all their dealings and be ready to be accountable for any failure rather than trying to hide the evidence.
From the research done, it was established that the board of directors was not interested in questioning the management regarding the state of the company when it was evident that the profits and the stock prices were appreciating without having the knowledge that there were many things hidden behind the bars (Hosseini & Mahes 2016). Business ethics requires a thorough audit of the company frequently to have full information regarding its progress which gives a clear direction of the company presently and in future. The management board was interested majorly in the stock holder’s information without having a concern for the general public. Business ethics require equality in dealing with all the company stake holders. The management intended to enrich themselves with the company’s resources by lack of transparency in debt management. This is because the debts were not inclusive in the general financial records for the company which clearly outlined how dishonest they were. Business ethics requires leaders to be honest in all their dealings on behalf of the company which is usually a key aspect to the success of any company. The board of management in the organization have the overall role to over see everything that the management does for the success of the organization.
Markham (2015), states that there was a conflict of interest because Arthur Andersen who was the consultant to Enron had good intentions for the company and most of the time was in charge of auditing the firm’s finances just to ensure that everything worked well for the company and been an auditor he knew everything but had no intention to expose the fraudulent books that the company kept. The board never bothered much regarding the financial status of the company because they were just happy with the fact that there was continuous flow of cash to the company. According to Chernov& Sornette (2016), business ethics requires those in leadership to be committed in all the business aspects to enhance the monitoring and control of the enterprise to maximize the profits.
From the research done, it was discovered that the people were influenced by the pursuance of short term profit due to the evidence of rising stock prices making quick fortunes for all the investors blinding them. The stock holders represented by the board sought dividends and capital gains on their holdings and in the process, they completely lost their focus on the general financial status of the company which costed them when the company finally collapsed. Business ethics requires the stake holders to develop interest for feedback from the company.
References
Ailon, G. (2015). From superstars to devils: The ethical discourse on managerial figures involved in a corporate scandal. Organization, 22(1), 78-99.
Agrawal, A., & Cooper, T. (2017). Corporate governance consequences of accounting scandals: Evidence from top management, CFO and auditor turnover. Quarterly Journal of Finance, 7(01), 1650014.
Chernov, D., & Sornette, D. (2016). Dynamics of information flow before major crises: lessons from the collapse of Enron, the subprime mortgage crisis and other high impact disasters in the industrial sector. In Disaster Forensics (pp. 175-221). Springer, Cham
Chen, J. (2015). Off-Balance Sheet Financing and Bank Capital Regulation: Lessons from Asset-Backed Commercial Paper
Chu, B., & Hsu, Y. (2017). Non-audit services and audit quality—the effect of Sarbanes-Oxley Act. Asia Pacific Management Review
Hosseini, S. B., & Mahesh, R. (2016). THE LESSON FROM ENRON CASE. Journal of Current Research, 8(08), 37451-37460.
Markham, J. W. (2015). A financial history of the United States: From Enron-era scandals to the subprime crisis (2004-2006); From the subprime crisis to the Great Recession (2006-2009). Routledge.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 4 pages

PAY 2 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Professional Ethics And Leadership. Retrieved from https://myassignmenthelp.com/free-samples/bc-306-professional-ethics-and-leadership/enrons-scandal.html.

“Professional Ethics And Leadership.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/bc-306-professional-ethics-and-leadership/enrons-scandal.html.

My Assignment Help (2021) Professional Ethics And Leadership [Online]. Available from: https://myassignmenthelp.com/free-samples/bc-306-professional-ethics-and-leadership/enrons-scandal.html[Accessed 18 December 2021].

My Assignment Help. ‘Professional Ethics And Leadership’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Professional Ethics And Leadership [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/bc-306-professional-ethics-and-leadership/enrons-scandal.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

Accounting requires a lot of calculation in the balance sheets, chart of accounts, tax accounting, etc. But, you can calculate the complex questions using our scientific calculators and algebra calculators. Thus, you get optimum accounting assignment help, and at the same time, you can save valuable time while acing your task. If you stumble across any problem, you can avail our assignment help.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next

Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

11174 Introduction To Management

Free Samples 11174 Introduction To Management .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} 11174 Introduction

Read More »