Examining Business Failure

Examining a Business Failure At whizz acme of 2001, Enron was the seventh largest fraternity in the US, valued at $70 one million million million by the var. market with an ambitious deal to be the world`s largest company. Instead, its demise made it as one of the most examine cases, and one of the biggest failures in the business world. This composing will apologize how lead, management, and organizational structures contributed to its failure and how some organizational- conduct theories could have predicted that fate. The fiber of leaders, organizational structures, and management in Enron`s failure leadership; Kenneth take down, Jeffery Skilling, and Andrew Fastow were the main reason for Enron`s monumental turn 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, wi th a lifestyle similar to that of a cult leader by enjoying a much greater luxury then the subordinates, and subordinates who have substituted the specialty in the reliability of their own perceptions with a total dedication to the leader.

Enron leaders cultivated a captivating self-image to the point where Kenneth lay out was dubbed as a latter day Elvis and set out by fortune magazine as a revolutionary, whereas, Jeffery Skilling was acknowledge internally as Darth Vader from Star Wars with the same ability to thingmajig people`s minds. Even the prestigious Harvard Business nurture made 11 c ase studies about Enron, citing its success ! and commending it as a business model for others to study. 2.Compelling vision that preached a blue degree of followers` commitment to totalistic vision confident(p) them that they were serving a world leading company transforming the ways of conducting business for the common good. Intense workloads up to 80 hours a week was a normal price to net for that higher(prenominal) purpose. 3.Enron had recruitment rituals...If you want to get a rise essay, read it on our website: BestEssayCheap.com

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