EXPLAIN THE LESSONS THAT ZIMBABWEAN COMPANIES settle FROM THE ENRON SCANDAL. Enron was a Houston-based subjective desecrate pipeline company create by merger in 1985.By early 2001, Enron had transmogrifyed into the seventh largest U.S. company, and the largest U.S. buyer and seller of indispensable gas and electricity. Enron was heavily intricate in energy brokering, electronic energy trading, global dangerousness and options trading, etc. On October 16, 2001, in the first major existence sign of trouble, Enron announces a full-size third-quarter loss of $618 million. On October 22, 2001, the Securities and put back Commission (SEC) begins an inquiry into Enrons accounting practices. On declination 2, 2001, Enron files for bankruptcy. Enron, the 7th largest U.S. Company in 2001, filed for bankruptcy in declination 2001. Enron investors and retirees were remaining with worthless stock. Enron was aerated with securities fraud (fraudulent manipulation of in public reported financial results, fictionalisation to SEC,)(Prof Tesfastion,2011) The collapse of Enron was sudden and left a lot to be desired particularly the virus behind its collapse .Most past are lessons that we call for from Enron scandal. In this paper I involuntary concentrate on the lessons that Zimbabwean firms learn.
Reputation need to be preserved Enron had been operating since 1985 and has built good story with its stakeholders, but its write up falls over iniquity destroying all that was built in 17 years. Zimbabwean firms learn that reputation is an addition that is dear(predicate) but very fragile. Firms should jealously guard and preserve this asset and non to lose it alike(p) what Enron did. Sustainability of the organization is necessary Enron engaged in diversification, innovation, tax evasion, cooking figures et cetera that was not sustainable and lead to its demise. Zimbabwean firms learn that whatever litigate that they engage in should be sustainable and therefore transform into the sustainability of existence of the organization. Lack of such aspect of...If you want to name a full essay, rewrite it on our website: Ordercustompaper.com
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