Enron Corporation was founded by Kenneth Lay in 1985 through merger of two Houston pipeline companies. The company owned several interstates gas pipelines in supplying natural gas between producers and utilities. In 1988, the deregulation allowed Enron to develop a gas trading business that offering various type of derivatives based on contracts and options to its customers. In 1990, Enron hired Jeff Skilling which helped the firm developed its "Gas Bank" which became the...
Early works on management tended to stress on employee specialization or high specialization of labour, intensive coordination and a very high degree of control. This was known as the classical viewpoint or classical management. They advocated that there was a scientific way in making organization more effective and efficient which could be studied and taught to mangers. To them "organizations were seen as closed systems, never changing and unaffected by the outside world." The...
Ethics Standards & ProceduresI. PURPOSE To define the methods and processes used by Management Consulting Services (MCS) regarding ethics in the workplace, to define the policy for conduct and high ethical standards that are expected of all employees and to set forth a procedure for reporting a conflict of interest or unethical behavior.II. SCOPEThis policy applies to all owners and employees of MCS.III. RESPONSIBILITIESA. PresidentEstablishes and approves the Code of Business Ethics (the...
"What is corporate social responsibility? Different organizations have framed different definitions, depending on a number of factors. These include the firm's size, products, activities, location, suppliers, leadership and reputation - although there is considerable common ground between them. The definition of CSR is that CSR is about how companies manage the business processes to produce an overall positive impact on society. " (Mallen Baker, 2010) In recent years, corporate social...
Entrepreneurship is about initiative and innovation in bundling resources and creating new values, using necessary time, resources and effort. There will be monetary and personal satisfaction returns with financial and risk trade-offs In today's volatile and competitive economy, changes are inevitable so effective training and development is essential to deal with evolving business realities for survival. In general, training can be divided into two core areas: soft and hard-skills....
With the three brands, BMW, MINI and Rolls-Royce Motor Cars, the BMW Group has its sights set firmly on the premium sector of the international automobile market. (BMW.com) Brilliance China is one of the leading automotive manufacturers in China. Both BMW and Brilliance decided to form joint venture in 2003, in order to produce BMW 3-series and 5-series sedans in China market. (Brillianceauto.com). Base on the case study required, reports, information from the quality website the following...
Human nature is important while considering employees' motivation. Hence, the job of a manager in a reasonably big Multi-National Company (MNC) is to get things done through the employees as the tasks are multifaceted and involve different departments. For the above aspect, it is important for a manager to practice motivation of employees who touch several disciplines. According to an article in Accel-team.com (2010), the human nature is very simple as well as complex. Therefore, understanding...
The topic of leadership has continued to be a subject of interest in the modern world both from practitioners as well as academics and the extensive research for decades has not exhausted the topic (Bennis W. , 2007). Leadership has an influence on all the facets of business. Organizations are often successful because of the set of relationships existing between the leaders and the followers. Through this essay efforts are made to apply relevant leadership theories in relation to Steve Jobs,...
INTRODUCTION A team can be defined as two or more individuals who socially interact (face-to-face or, increasingly, virtually), possess one or more common goals, brought together to perform organizationally relevant tasks, exhibit interdependencies with respect to workflow, goals, and outcomes, have different roles and responsibilities and together embedded in an encompassing organizational system, with boundaries and linkages to the broader system context and task environment. [] To...
Most challenging task for managers is that of keeping people motivated at workplace (Roger Chevalier). Motivation is attractive to social scientists as an intellectual topic; it has a much stronger practical significance to managers. The interest of managers in motivation is very high and by understanding what factors motivate people, managers hope to control their work perk performance so that they work harder and enthusiastically (Roilinson, 2008). Motivation in a workplace as one the HR...