The Smartest Guys Of The Room - 1240 Words

After reviewing â€Å"The smartest guys in the room†, it is readily apparent that once this company stepped off the path it was doomed to self-destruction. The charismatic leadership of Ken Lay and Jeff Skilling was a compelling factor, propelling this company to epic proportions prior to its demise. The PRC implementation, made an environment that pushed social facilitation and social learning theory to the outer limits. The focus of the company was to bring conceptual ideas to market and to garner immediate profits from them. The employees became disciples of Lay and Skilling and sought only results and profits, they never questioned the moral implications of their actions. Exploring Enron as it goes from infancy to final explosion, is a valuable mechanism for understanding, how not to organize and manage a company properly. Lay and especially Skilling, were very powerful and persuasive orators. Their charisma radiated out to the employees who followed their leadership with blind obedience. This facilitated a work culture and environment that was toxic, and infectious to everyone involved. It limited any staff diversification internally and fostered a severely overt masculine culture that lead to its downfall eventually. The traders were recruited from major business schools and given large salaries and benefits. This augmented their young egos and fed the flames that later consumed Enron in its entirety. They were only concerned about the PRC review in which 15% of the companyShow MoreRelatedThe Smartest Guys At The Room1261 Words   |  6 Pagesfamiliar with what has become one of America’s horror stories. It is a story about the American dream and promise gone amuck. The conclusion of the story is one that has shaped the way businesses operate ever since. The documentary Enron: The Smartest Guys in the Room (Gibney, 2005) examines the ethical blunders of the natural gas/energy company Enron. Alex Gibney (2005), director and producer for the documentary, focuses on the role of three men who were credited as being key players in the downfall ofRead MoreThe Smartest Guys Of The Room1189 Words   |  5 PagesAfter viewing â€Å"The smartest guys in the room†, it is readily apparent tha t once this company stepped off the path it was doomed to self-destruction. The charismatic leadership of Ken Lay and Jeff Skilling was a mitigating factor, propelling this company to epic proportions prior to its demise. The PRC and trading area, made an environment that pushed social facilitation and social learning theory to the limits. The focus of the company was to implement conceptual ideas and to garner immediate profitsRead MoreEnron, the Smartest Guys in the Room.1229 Words   |  5 PagesEnron, the Smartest Guys in the Room. Enron was involved in American’s largest corporate bankruptcy. It is a story about people, and in reality it is a tragedy. Enron made their stock sky rocket through unethical means, and in reality this company kept losing money. The primary value operating among the traders was greed, money, and how to make profits under any circumstance. The traders thought that a good trader is a creative trader and the creative trader can find any arbitrage opportunityRead MoreEnron Smartest Guys On The Room1573 Words   |  7 PagesThe movie ENRON smartest guys in the room is about one of the biggest corporation corruptions in the United States. In 1985, ENRON Corporation, was a company that delivers pipeline for natural gas and electricity, while mergering with Houston Natural Gas and Internorth. ENRON quickly grew into a reputable company that generated enormous profits. In a short period of time ENRON was considered one of the top global trading company for natural gas, commodities, and electricity. According to the statistic;Read MoreEnron : The Smartest Guys Of The Room Essay1549 Words   |  7 PagesEnron was a Houston based energy, commodities and services company. When people hear the name Enron they automatically associate their name with one of the biggest accounting and ethical scandals known to date. The documentary, â€Å"Enron: The Smartest Guys in the Room,† provides an in depth examination of Enron and the Enron scandal. The film does a wonderful job of depicting the downfall of Enron and how the corporate culture and ethics were key to Enron’s fall. As the movie suggests, Enron is â€Å"not aRead MoreEnron: the Smartest Guys in the Room1989 Words   |  8 Pagespsychological approaches), managerial (group norms, reward system, etc.), and organizational (world-class culture) perspectives. This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys in the Room, from c ognitive moral development to group norms, etc. Enron scandal overview The Enron scandal was a financial scandal involving Enron Corporation and its accounting firm Arthur Andersen, that was revealed in late 2001. Many of EnronsRead MoreThe Smartest Guys Of The Room, Or The Most Unethical?1723 Words   |  7 PagesMariam Al Dobouni Ethics Essay OHBR 330 March 3, 2015 The Smartest Guys in the Room, or the Most Unethical? Making ethical decisions often requires a trade-off. Whether it be for an organizational formation or individual, there is always a cost. After a number of scandals from ethical misconduct within Enron, the proper course of action was once questionable, but now revealed. Nevertheless, organizations continue to struggle with moral decision-making on a daily basis as they consider the cost ofRead MoreOrganizational Culture : The Smartest Guys Of The Room1649 Words   |  7 Pagesmeaning held by members that distinguishes the organization from other organizations† (Robbins 249). A strong organizational culture is one whose organization’s core values are both intensely held and widely shared. After viewing Enron: The Smartest Guys in the Room, it is obvious that Enron had not only an organizational culture that was strong, but one that was extreme and aggressive. This aggressive and strong organizational culture discouraged both teamwork and ethical behavior and in the end itRead MoreEnron Case : The Smartest Guys Of The Room1149 Words   |  5 Pagesappropriate management. As a result, employees followed their unethical behavior (Johnson, 2015). Leaders have great influence in an organization, but policies will not be effective if they do not abide by the policies established. â€Å" Enron: The Smartest Guys in the Room† demonstrates how the nature of people do not change, whether it’s terminating employees as way to handle issues, or ongoing fascinations for profitable advances. Enron’s collapse produced a culture that prioritized profitable gains. Read MoreEnron: The Smartest Guys in the Room Essay1889 Words   |  8 PagesThe thing I liked most about this documentary was the fact that it focused on the guys at the top, the self-proclaimed smartest men in the room, the so-called geniuses who knew the energy business so much better than the rest of the industry. And what a piece of work these men were. Enron: The Smartest Guys in the Room shows us how basic human nature does not change, whether its in the easy fall into killing as a means to resolve disputes, or in the incessant human obsession to acquire for