Mr Munhende

EXPLAIN THE LESSONS THAT ZIMBABWEAN COMPANIES LEARN FROM THE ENRON SCANDAL.[30] Enron was a Houston-based subjective sweep pipeline company formed by merger in 1985.By early 2001, Enron had transformed into the 7th largest U.S. company, and the largest U.S. buyer and seller of inwrought gas and electricity. Enron was heavily involved in energy brokering, electronic energy trading, global commodity and options trading, etc. On October 16, 2001, in the first major public sign of trouble, Enron announces a heavy(p) third-quarter loss of $618 million. On October 22, 2001, the Securities and Exchange Commission (SEC) begins an inquiry into Enrons accounting practices. On December 2, 2001, Enron files for bankruptcy. Enron, the 7th largest U.S. Company in 2001, filed for bankruptcy in December 2001. Enron investors and retirees were left with worthless stock. Enron was advance with securities fraud (fraudulent manipulation of publicly reported financial results, manufacturin g 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 historic are lessons that we learn from Enron scandal. In this paper I free concentrate on the lessons that Zimbabwean firms learn.

Reputation need to be carryd Enron had been operating since 1985 and has strengthened good story with its stakeholders, precisely its reputation falls over night destroying all that was built in 17 years. Zimbabwean firms learn that reputation is an summation that is high-priced but very fragile. Firms should jealously guard and preserve this a sset and not to lose it like what Enron did.! Sustainability of the organization is requirement Enron suck upd in diversification, innovation, tax evasion, cooking figures et cetera that was not sustainable and lead to its demise. Zimbabwean firms learn that whatever action that they engage in should be sustainable and therefore transform into the sustainability of worldly concern of the organization. Lack of such aspect of...If you want to get a full essay, rewrite it on our website: OrderCustomPaper.com

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