The Enron Scandal

?\nIf in that locations anything that we could learn from the modern events in the corporate creation is that ethics has been undervalued. Many organizations gain been destroyed or to a great extent damaged financially and took a hit in cost of reputation, for example, Enron. The word moral philosophy is derived from a Greek word called Ethos, heart The character or determine position to a limited person, people, culture or stool (The American Heritage Dictionary, 2007, p. 295). Ethics has always played and go out continue to play a huge role inwardly the corporate world. Ethics is one of the important topics that are debated at lengths without reaching a conclusion, since thither isnt a correctly or wrong answer. Its basically depends on how each individual perceives a particular situation. Over the past fewer geezerhood we have seen precise poor wrong care practices by companies like Enron, which has sham many s give birthholders. Poor unethical practices aff ect the society in many ways; employees mislay their job, investors lose their money, and the countrys prudence gets affected. This leads to people endure losing confidence in the economic system and the organizations that are creation hunting expedition by the so-called ameliorate top executives that had one goal in their minds, personal gain. When Enron entered the scope in the mid-1980s, it was little more than than a stodgy expertness distribution system. Ten geezerhood later, it was a multi-billion dollar corporation, considered the bankers bill child of the new thrift for its willingness to use technology and the earnings in managing energy. Fifteen years later, the company is filing for loser on the heels of a spacious financial collapse, likely the largest in corporate Americas history. As this paper is being written, the scope of Enron collapse is hush up being researched, poked and prodded. It will take years to determine what, exactly, the impact of the demise of this energy large will be both(prenominal) on the industry and the economy as ...