Saturday, June 15, 2019
Questions and Answers Case Study Example | Topics and Well Written Essays - 500 words
Questions and Answers - Case Study ExampleThe leaders were Jeffrey Skilling, former Enron President and CEO, Kenneth Lay, CEO and Andrew Fastow, Ex-Chief Financial Officer. 2. How did leadership sour the organizational culture at Enron? Jeffrey Skilling and Andrew Fastow were instrumental in changing the organizational culture of Enron. They gave the perception that Enron was very innovative and very profitable. Enron has a dysfunctional incorporated culture which was obsessed with short-term earnings so that the bonuses will be maximized. The employees began looking at high volume deals even if it meant disregarding the quality of the bullion flows and profits. The employees actions were reflective of their leaders values and beliefs. Extravagant spending was common among its executives. The excessive stock options and corporate compensation gave Enrons executives too many incentives to manipulate the financial accounts and the stock price of the company. Corporate values and pr inciples seemed to disappear at Enron at the time of their leadership. 3. Did the performance evaluation system at Enron support or vitiate the companys business goals and leadership beliefs? Yes, the performance evaluation system at the time of Skilling supported the companys business goals and leadership beliefs.
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