Enron Stakeholders - necessary words
Even though the company went bankrupt and out of operations more than 10 years ago, it made significant impacts on issues of ethical standards, which have served as lessons to the corporate world to date. Founded in , Enron began as a company for linking states with pipeline, and supplying utilities with power Fox, The years that followed saw an increase in competition in the energy and power sector forcing Enron to diversify and invest internationally to maintain its market share. This resulted in heavy unprecedented losses instead of profits. Enron failed to declare its financial position concerning its losses until October in In the years of covering up their finances, Enron hid its liabilities and overstated its revenues. Enron Stakeholders
Enron Stakeholders Video
What is the stakeholder theory ? by R. Edward Freeman - ESSEC ClassesStakeholder vs Shareholder theories have been an on-going debate.
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Many scandals in recent history such as Enron, WorldCom, Wells Fargo, and others, are often used as evidence that the shareholder theory encourages Enron Stakeholders at least opens the door for unethical decision-making. Stakeholder and shareholder theories are normative theories of social responsibility. Some business leaders argue there is very little if any difference to the two theories as both support social responsibility. Does shareholder theory encourage unethical business decisions?
In what ways do the theories support social responsibility? How would one determine the stakeholder priority when making an ethical decision Enron Stakeholders competing needs Stakeholdees the stakeholders are apparent?
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The Enron Scandal
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