Enron The Smartest Guys - 1384 Words

Enron: The Smartest Guys in the Room Organizational Movie Paper Enron Corporation’s failure in the year of 2001 has become a depiction of unethical corporate behavior for years to come. After having watched Enron: The Smartest Guys in the Room; I found many organizational communications course concepts could be brought to our attention within the documentary. To further our understanding, I will offer my insight as to how class-related concepts connect with the documentary by discussing how Enron developed strong organizational values by identifying certain heroes and their stories that developed their sense of strong risk taking as well as discussing Enron’s â€Å"rank and yank† system that can be asserted with F.W. Taylor’s work within†¦show more content†¦Although Miller (2014) includes all four key components, I am going to focus attention on the first two, 1. Values are the beliefs and visions that members hold for an organization. 2. Heroes are the individuals who come to exemplify an organization’s values. These heroes become known through the stories and myths of an organization. This theory can be described as a way in which organizational members collectively interpret the organizational world around them in order to define the importance of the organizational happenings. Upon watching the documentary, one could conclude that Enron’s bosses created a culture of pushing limits and taking risks. From the movie, we understand that Jeff Skilling was known to be a nerd as well as others within Enron. It seemed as though Jeff had woken up one day and decided to change himself by wearing contacts instead of glasses, changing is wardrobe, and doing some modeling. As he changed, so did others who worked under him for the fact that they saw Skilling as their hero. With time, it has been noted that Jeff became some sort of tragic figure. He became a man who was radically different than how he portrays himself. It was known that Skilling was a huge risk taker and he often talked about, and then started to manifest in trips that he began to lead with small group s and customers that were often times dangerous. TheseShow MoreRelatedEnron : The Smartest Guy Essay799 Words   |  4 Pagescome to mind would be the bankruptcy of Enron Corporation. If we apply and analyze the skills of a negotiator like Founder and Chairman Kenneth Lay, CEO Jeffery Skilling, and CFO Andrew Fastow it becomes clear how and why the actives of Enron were perpetuated for as long as they were. â€Å"This wasn’t about the numbers Enron was publishing, but rather it was about the people. This was a human tragedy† (Gibney). As expressed in the documentary, â€Å"Enron: The Smartest Guy’s in the Room,† the core issue ofRead MoreEnron, the Smartest Guys in the Room.1229 Words   |  5 PagesEnron, the Smartest Guys in the Room. Enron was involved in American’s largest corporate bankruptcy. It is a story about people, and in reality it is a tragedy. Enron made their stock sky rocket through unethical means, and in reality this company kept losing money. The primary value operating among the traders was greed, money, and how to make profits under any circumstance. The traders thought that a good trader is a creative trader and the creative trader can find any arbitrage opportunityRead MoreEnron Smartest Guys On The Room1573 Words   |  7 PagesThe movie ENRON smartest guys in the room is about one of the biggest corporation corruptions in the United States. In 1985, ENRON Corporation, was a company that delivers pipeline for natural gas and electricity, while mergering with Houston Natural Gas and Internorth. ENRON quickly grew into a reputable company that generated enormous profits. In a short period of time ENRON was considered one of the top global trading company for natural gas, commodities, and electricity. According to the statistic;Read MoreEnron : The Smartest Guys Of The Room Essay1549 Words   |  7 PagesIntroduction Enron was a Houston based energy, commodities and services company. When people hear the name Enron they automatically associate their name with one of the biggest accounting and ethical scandals known to date. The documentary, â€Å"Enron: The Smartest Guys in the Room,† provides an in depth examination of Enron and the Enron scandal. The film does a wonderful job of depicting the downfall of Enron and how the corporate culture and ethics were key to Enron’s fall. As the movie suggests, Enron is â€Å"notRead MoreEnron: the Smartest Guys in the Room1989 Words   |  8 Pages it took Enron 16 years to go from about $10 billion of assets to $65 billion of assets, and 24 days to go bankruptcy. Enron is also one of the most celebrated business ethics cases in the century. There are so many things that went wrong within the organization, from all personal (prescriptive and psychological approaches), managerial (group norms, reward system, etc.), and organizational (worl d-class culture) perspectives. This paper will focus on the business ethics issues at Enron that wereRead MoreEnron Case : The Smartest Guys Of The Room1149 Words   |  5 Pages In review of the Enron case, executives higher up exploited their privileges and power, participated in unreliable treatment of external and internal communities. These executives placed their own agendas over the employees and public, and neglected to accept responsibility for ethical downfalls or use appropriate management. As a result, employees followed their unethical behavior (Johnson, 2015). Leaders have great influence in an organization, but policies will not be effectiveRead MoreEnron: The Smartest Guys in the Room Essay1889 Words   |  8 PagesThe thing I liked most about this documentary was the fact that it focused on the guys at the top, the self-proclaimed smartest men in the room, the so-called geniuses who knew the energy business so much better than the rest of the indus try. And what a piece of work these men were. Enron: The Smartest Guys in the Room shows us how basic human nature does not change, whether its in the easy fall into killing as a means to resolve disputes, or in the incessant human obsession to acquire forRead MoreEnron: the Smartest Guys in the Room Essay1834 Words   |  8 Pagesthis paper is consider three possible rationales for why Enron collapsed—that key individuals were flawed, that the organization was flawed, and that some factors larger than the organization (e.g., a trend toward deregulation) led to Enron’s collapse. In viewing â€Å"Enron: The Smartest Guys in the Room† it was clear that all three of these flaws contributed to the demise of Enron, but it was the synergy of their combination that truly let Enron to its ultimate path of destruction. As in any organizationRead MoreEssay on Enron: the Smartest Guys in the Room5209 Words   |  21 Pagesï » ¿Enron: The Smartest Guys in the Room The  Enron scandal, revealed in October 2001, eventually led to the  bankruptcy  of the  Enron Corporation, an American  energy company based in  Houston, Texas, and the de facto dissolution of  Arthur Andersen, which was one of the  five largest  audit  and accountancy  partnerships  in the world. In addition to being the largest bankruptcy reorganization in American history at that time, Enron was attributed as the biggest audit failure. Enron was formed in 1985 by  KennethRead MoreA Film Review of Enron: The Smartest Guys in the Room666 Words   |  3 PagesAbstract This is a review of the movie, Enron: The Smart Guys in the Room. The paper analyses the themes that contributed to the downfall of Enron. It also considers steps that Human Resources would have taken given the chance, in addressing the issues that contributed to the collapse of the Company. Factor That Led To Enrons Downfall According to the documentary Enron: The Smartest Guys in the Room, it seems that one major reasons that led to Enrons down fall was; unethical corporate behavior