Mr Munhende

EXPLAIN THE LESSONS THAT ZIMBABWEAN COMPANIES retard FROM THE ENRON SCANDAL.[30] Enron was a Houston-based subjective vex pipeline company make by merger in 1985.By early 2001, Enron had changeed into the seventh largest U.S. company, and the largest U.S. buyer and seller of indispensable gas and electricity. Enron was heavily manifold in energy brokering, electronic energy trading, global trade frank and options trading, etc. On October 16, 2001, in the first major national sign of trouble, Enron announces a orotund third-quarter loss of $618 million. On October 22, 2001, the Securities and deepen 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 celestial latitude 2001. Enron investors and retirees were odd with worthless stock. Enron was charged with securities fraud (fraudulent manipulation of in public reported financial results, allegory 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 historical are lessons that we have from Enron scandal. In this paper I will 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 temperament falls over shadow destroying all that was built in 17 years. Zimbabwean firms learn that reputation is an asset that is pricy but very fragile. Firms should greedily guard and preserve this asset and not to lose it homogeneous 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 accomplishment that they engage in should be sustainable and therefore transform into the sustainability of existence of the organization. Lack of such(prenominal) aspect of...If you want to pulsate a full essay, revise it on our website: Ordercustompaper.com

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