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Essay / Research Paper Abstract
This 3 page paper looks at the way planning has taken place at WorldCom, looking at short and long term plans influenced by legal, ethical and corporate strategy. The paper then looks at examples of strategic, tactical and contingency planning. The bibliography cites 4 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEworldcompl.rtf
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Unformatted sample text from the term paper:
The company, its result and the failures and successes may be seen as the way planning has taken place. Planning takes place for long and short term results, and has
to take into account a wide range of potential direct and indirect influence and may concern individual matters or larger issues that have a wide and long term impact.
In terms of legal planning there has been a large impact ion the way the company operates. Companies have to operate within the law, and usually plan
to do so. It is unlikely that there were general plans to commit fraud, as this was limited to only a few culprits who have since seen legal actions taken
against themselves. There is also the planning around specific events. In 2002 the company had to deal with negative publicity and claims that the company had sought to avoid paying
fees owed to different companies by rerouting long distance calls (Communications Today, 2002). Negative publicity and potential court cases can be costly.
In order to mitigate the risk and seek to resolve it the planning saw an internal investigation take place. To have credibility this had to be seen as objective, to
ensure this was the case WorldCom hired an independent law firm; Gibson, Dunn & Crutcher LLP to undertake the inquiry (Communications Today, 2002). This was a form of strategic planning
to reduce and mitigate a very serious threat and reduce its potential impact. Ethics is an interesting subject, as these can be subjective. A lack of ethics lead to
the misrepresentation in the accounts where senior management planned to make a loss making company appear profitable. The decision to pull out of the merger with Sprint was impacted by
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