Provide critical arguments in support or against the statement that Essay

Provide critical arguments in support or against the educational activity that Leaders from Enron are accountable for its gloam as th - Essay utilisationThough the company seems to be genuinely highly praised by outsiders but internally the company had a much decentralized decision making structure and financial control system which made very difficult for outsiders to get a clear view of the company activities and its operations (ORourke, 2007, p.199). This problem is not plainly due to the poor managerial performance but also due to the departmental issues which are gnarled in the process of ruining the ethical values and the principles of the company. The executives and the managers are the primary people responsible for the downfall of the company for not maintaining the bodily culture and transparencies in the rail line process. If the operational management team adopt worked in a proper manner in full force it could have been possible for Enron mass to escape the trag edy (Spedding & Rose, 2007, p.543). About the company Enron being one of the most innovative companies in the States for six consecutive years and was ranked 7th on the fortune 500 companies. The Houston, Texas based libertine was considered as one of the greatest energy trading companies of the world (Sterling, 2002, p.111). In the year 2000 the company reached its aggrandizement with above 19,000 people and approximately with a annual revenue of more than $100 billion. The mission statement of the CEO Kenneth Lay was not only to become the greatest company in the energy orbit but also to become the world largest company. With the deregulation in the energy sector during 1980s the business became very risky both for the customer as well as for the companies. At this critical state of affairs Enron came with an indigenous solution of leveraging its large network of pipelines for the construction of the gas bank to act as intermediary in the transaction process which in turns low ers the risk in the market. Enron introduced a concept of acquire and selling on a certain dates at a certain determine with an extra superior to ensure safety against risk. The man behind this innovative idea came from the CEO and President of the firm Jeffrey Skilling. He then introduced many more products along with the gas bank. The products include various derivatives of energy and swap for Enrons trading partners and stakeholders (Fusaro & Miller, 2002, p.31). These products give the option to the people to buy gas in the future at a predetermined fixed price which gives the company the opportunity to trade at a fixed price even when the market price is floating. This innovative strategy gave the firm immense opportunity outgrowth disregardless of the market condition (Lawrence & Weber, n.d., p. 450-451). Rise of Enron With the new innovative way of business Skilling began to change the whole corporate culture of Enron. He recruited the best professionals from the industr y to compete with the largest and most prestigious investment banks. With the immense growth and reputation for the outsiders the internal culture slowly transformed to a darker tone. With the harshest employee ranking system,