Enron-Smartest Guys in the Room (Business & Marketing Coursework)

Enron-Smartest Guys in the Room
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Enron-Smartest Guys in the Room
1 In reality, this was a story about people. Explain why, explain how ethics or lack thereof played a role, and include some elements about the company's organizational culture
The movie describes the story of the main people who do or do not implement ethics in their work. Although they might know what is required in ethics, some compromise the principles and do not align themselves in the utmost desired manner. Every activity they indulge is mainly focused on getting more money for their personal benefits at the company's expense and what should be done for the employees and community at large. For instance, Kenneth Lay, the founder of Enron, knows that two traders started betting with the organization's money on oil markets but does not take any substantial step to stop the activity. Instead, he supports them. he encourages the traders to continue with their unethical business using the phrase "keep making us millions." However, the company does not tolerate this behavior, and the traders end up fired. Therefore, although some people in the organization like Lay worked and could support unethical issues, the organization still upheld the role of ethics in its operation as revealed by the gambling traders' firing.
1 Jeffrey Skilling explained, "Every decision I made was in the interest of the shareholders of the company." Which ethical decision-making principle does this sound like? However, what is the issue with this? Which constraint was broken?
The ethical decision-making principle instates justice following the rule that equals should be treated equally and unequals unequally. Thus, the stakeholders had a significant impact on the company at the expense of employees who could be fir...