Here is the synopsis of our sample research paper on The Enron Corporation: External Factors, The Free Market, Means of Adding Product Value, and Corporate Culture
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Essay / Research Paper Abstract
This is a 7 page paper discussing various factors in the downfall of the Enron Corporation. The collapse of the Enron Corporation led to the largest bankruptcy in U.S. history and to thousands of the company’s employees losing their savings which was tied into the company’s stock. Before the bankruptcy however, Enron was considered one of the world’s largest energy, commodities and services company as it “marketed electricity and natural gas, delivered energy and other physical commodities, and provided financial and risk management services to customers worldwide” with over $101 billion in revenues reported in 2000. There are a great many theories which have been used to explain the downfall of the Enron Corporation many of which deal with the corruption and lack of integrity within the leaders of the company. The collapse of Enron also had a great deal to do with the number of external factors and affiliations which many say reveal a weakness in the competitive and risk-taking free market economy. However, many critics argue that it is not the free market which is to blame but in fact the illegal dealings and the imbalance of the corporate culture within Enron itself which has tarnished the positive aspects of the free market.
Bibliography lists 6 sources.
Page Count:
7 pages (~225 words per page)
File: D0_TJEnron1.rtf
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Unformatted sample text from the term paper:
the companys employees losing their savings which was tied into the companys stock. In addition to the collapse of the company, the reputation of Enrons auditing firm, Anderson, was also
damaged as it was soon revealed that it had destroyed many of Enrons documents, had played a dual role as Enrons auditor and consultant and has "been accused of overlooking
the huge sums of money kept off Enrons books because Enron represented a potential of $100 million-a-year in fees to the auditor" (NYSSCPA, 2003). Before the bankruptcy however, Enron
was considered one of the worlds largest energy, commodities and services company as it "marketed electricity and natural gas, delivered energy and other physical commodities, and provided financial and risk
management services to customers worldwide" with over $101 billion in revenues reported in 2000 in addition to having "stakes in nearly 30,000 miles of gas pipeline, owns or has access
to a 15,000 fiber optic network and has a stake in electricity generating operations around the world" (NYSSCPA, 2003). There are a great many theories which have been used to
explain the downfall of the Enron Corporation many of which deal with the corruption and lack of integrity within the leaders of the company. The collapse of Enron also had
a great deal to do with the number of external factors and affiliations which many say reveal a weakness in the competitive and risk-taking free market economy. However, many critics
argue that it is not the free market which is to blame but in fact the illegal dealings and the imbalance of the corporate culture within Enron itself which has
tarnished the positive aspects of the free market. Stakeholder Model & External Factors leading to Enrons Downfall There are two principle models of corporate governance: the shareholder model and the
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