Discuss about the Leadership for Facilitative Leadership in Social Work Practice.
The main purpose of the study is to highlight Enron Company issues in handling current market condition. As per Thomas (2011), Enron filed for bankruptcy in the year 2001 as well as series of enquiries court cases that shake business world as well as public as a whole. This was the only case for wrongdoing like WorldCom, Charter Communications as well as Global Crossing as joined by Enron employees in SEC probes. During the time of bankruptcy, Enron is considered as the seventh largest in and around world based upon turnover as well as future success stories in upcoming years. Enron makes huge sound in coming under crashing down situations. According to Thomas (2011), they brought out the reason behind Enron downfall. They have gathered facts like improper trade practices, corporate culture as well as accounting frauds and ethics in general terms. It requires examining the role of top leaders from Enron debacle in case of providing good insights on resolving unethical practices from eroded culture of Enron. From the case study, it is easy to gather facts that Enron considered as most complex bankruptcy cases in US history. It has devastating effects on thousands of employees as well as investors. As opined by Taylor (2012), Enron aims at key mechanism in alignment with individual as well as corporate goals for employees working under business organization. This particular article explains the Enron Company bankruptcy debacle. It presents the business ethics background as well as leadership mechanisms that affect Enron collapse and eventual bankruptcy at the same time. As per Shaw (2011), it is the systematic analysis; organization culture at Enron demonstrates company culture and ethics among employees working in an organization. Company culture believes in individualism, aggressive cleverness as well as innovation that left Enron Company without any kind of compassionate and responsible leadership.
According to Duska, Duska & Ragatz (2011), Enron is the biggest failures in and around the world in US. Accounting practices are the real reason to failures for the top leaders and bad leadership management. As per Richardson (2012), researchers brought out various aspects of Enron that leads to failure. This particular aspect includes trading practice at Enron as well as ethics followed at the same time. It renders pure insights for workings of lay and Skilling. It is found that Enron leads to dissolution of accounting firm as destroyed documents charging Enron millions of dollars in consultancy fees in the most appropriate way. As per Banerjee & Erçetin, (2012), it is found from the case that Enron face lack of adequate leadership skills within the executives of business organization. It is newly deregulated as well as innovative forum. Enron embraces culture for rewarding aspects for future analysis purpose. It renders negative earnings outlook as well as red flag to investors for successful appearance of Enron Company. As opined by Richardson (2013), Investors concerns with stock prices because of excessive selling as well as credit agencies in downgrade of credit rating of Enron Company. Most of the trading partners lose faith in company as well as Enron ability in generating quality earnings as well as low cash flow operations in the near future. It is essential for avoiding unethical practices and entering into web of partnerships as well as employed in increased accounting methods for maintaining investment-grade status. Enron executives mostly feel in performing the right thing for business organization in the upcoming years. As opined by Reed & Signorelli (2011), Partnerships boost earnings as well as allow Enron in prospering misplaced card for collapsing Enron house. Stability of Enron house of cards erodes in way of culture attributes for future analysis purpose. Enron forces in announcing more than $390 million earnings with other partnerships in the most appropriate way. Enron case of ethical failure mainly deals with series of questionable business dealings. Strong company leadership requires stock evaluation as far as possible. As opined by Collinson (2011), Enron mainly started firing as declared for bankruptcy. Self-serving Exon eration employs in explaining the current situation as far as possible. There were some accounting issues as well as trading issues and reserve issues at Enron Company. As opined by Mobley, Li & Wang (2011), congressional testimony news accounts as well as federal investigations in telling other business activities in certain ways. It insists ways for Enron in assessing cash that performed well as well as discloses shareholders equity in more than $1.2 billion for downgraded Enron debt. Company insiders refer as educated litigator accounting irregularities for future analysis purpose.
It is argued that three leadership theories provide close relationship towards ethical leadership. As opined by Maeda & Bermont (2011), theories are transformational leadership theory, authentic leadership theory as well as spiritual leadership theory. There is lot of similarities as well as differences between theories in relations with ethical leadership. These are as follows:
Authentic Leadership- It defines authentic leaders who aim at rendering emphasis upon moral, ethics as well as knowledge and strengths. These leaders are aware of perceived qualities at the same time. It mainly promotes altruism, integrity as well as ethical decision-making process. According to Kouzes & Posner (2012), differences lie in fact that two theories comes under fact as ethical leaders focus on morality and authentic leaders focus on self-awareness.
Spiritual Leadership- It mainly defines spiritual leadership based upon ethics as well as values as applicable in certain religious texts. As opined by Brink (2011), leadership as well as ethical leadership reveals integrity in alignment with work structure as well as other concerns in an effective way. Differences lie in the fact whereby spiritual leadership focuses on hope as well as faith in proper ways.
Transformational Leadership- It ensures transformational leadership as leadership style changes in alignment with life of society in operations. It brings about big changes for better lives as well as fruitful representation. As opined by Kouzes & Posner (2011), Leadership and ethical leadership depicts altruism, integrity a well as ethical decision-making process. Transformational leaders focus on values as well as vision whereas ethical leaders focus on morality and ethical standards.
Corporate Leaders encourages rule-breaking policies as well as intimidating aggressive work environment. It is possible from the ethical boundaries at Enron. According to Gallagher (2012), leadership for critical components in organization culture as leaders creates as well as changes organization culture at the same time. This applies in organizational ethical climate at Enron. Leaders use five primary mechanisms in influencing in the organization culture:
These assumptions encourages behavioral as well as culture norms in and within an organization. Enron Executives uses five mechanisms for culture reinforcement as well as moral flexible opening in ethics degeneration for future analysis purpose. According to Fuda (2012), Enron mainly provides blueprint on how insufficient attention requires in changed leadership as well as culture in management control system. Companies claims in having sophisticated management controls for bringing ultimate effectiveness in highly dependent on organizational culture and leadership at the same time. It depends upon the control infrastructure as under leadership style in bringing operations management control systems in desired form. According to Breshears & Volker (2013), Enron culture begins entirely upon radical transformation. It emerges as intellectual capital economy in array of intangible resources as well as sophisticated financial instrument traders for proper information system and expert accounting knowledge in the most appropriate way. The first mechanism is attention that captures the issues as well as attention by leaders. It captures attention of greater organization as well as focus mainly on employees for the same. According to Erçetin, & Banerjee (2012), Leaders of an organization focus on bottom line as well as employees believe in financial success in leading future business operations in desired form. Executive Integrity suggests ways in focusing for promotion of unrealistic belief for monetary transactions as far as possible. Rules or morality relies upon reducing obstacles in bottom-line financial success in the most appropriate way.
It is recommended that Enron should have healthy corporate culture as well as reduced unethical practices. In Enron case, culture plays an important role in collapse matters. As per Bowie & Schneider (2012), Senior Executives of Enron were optimistic in nature on operating conditions of business organization. They faces failures and losses of company performance as well as covering losses in protecting reputations as by the words of directors of business organization.
Conclusion
At the end of the study, it is easy to gather facts o Enron case study issues with proper solutions for the same. Enron has become case study in regard with unethical as well as bad leadership that leads to downfall of business corporations in possible ways. Researchers conduct study on understanding the relationship between ethics as well as leadership. Researchers mainly acknowledge the importance of perceiving as moral as well as ethical practices in becoming an effective leader in the near future. It also brings out the ways by which ethics practiced by leaders with respect to subordinates actions. It helps in understanding the fact that Kenneth and Skilling responsible for Enron debacle. Leaders engage in unethical practices for aiming future business activities. Lay was involved in most of the fraudulent partnerships as inflated by overestimated earnings of business organization. Lay and Skilling sells shares of Enron in sustaining practices at Enron. Lay and Skilling creates culture of fraud and cheating at Enron for permeated whole business organization. Management should check on the unethical practices among the employees. Business learnt from episodes of Enron and promotion of ethical practices and moral practices in business operations. It takes place emerging trends as well as best practices in guiding leaders in case of ethical dilemma. Most of the companies create position of Chief Ethics Officer in promotion of ethics in an organization. Enron collapse leads to lack of greed as well as ethical leadership as far as possible.
From the above study, it is found that leadership of Kenneth Lay and Skilling was the main reason for downfall of Enron for the case of unethical behavior in two-leader permeation in business organization. It clearly views at the lack of correct leadership as followed by lay and Skilling. It requires in following policy of money making as elimination of voice as emerged in Enron Company. Leadership Philosophy declares ethics as well as moral responsibilities for prevention of Enron Company. It couples with Enron ethical pronouncements in business operations in selecting the correct path. Leadership inherits for spirited documents in promotion in and within organization. Corporate culture evolves in ethical way in and within Enron Company. Enron code of ethics of Enron Company should maintain strong commitments for communication in respect with integrity as well as excellence as far as possible. It requires little evidence in supporting management modeling for solving values in the most appropriate way. Enron leaders should solve serious problem in relation with business transactions as well as concerned with personal rewards for business organization. Strategic partnerships deceive investors in using enormous debt for incurring purpose in the near future. It will serve as message to employees as well as complete disclosures in achieving future long-term obligations in the upcoming years. Enron primary message is to ascertain values by own actions in the most appropriate way. It should follow law as well as concentrate in financial measures as well as creative partnerships in an effective way. This particular arrangement reveals Enron Company for buying as well as selling of assets in keeping credit loan and high stock prices at the same time.
|
What should be done |
By whom |
By when |
Rough Estimate of costs |
Estimated Allocated Time |
|
Hiring ethical people in and from screening process |
Human Resource Manager |
12th July 2016 |
$ 1590 |
2 months |
|
Designing effective codes as well as raising awareness at the same time |
Human Resource Manager |
15th July 2016 |
$ 1290 |
2 months |
|
Developing as well as employing ethical decision-making framework |
Human Resource Manager |
14th July 2016 |
$ 1880 |
2 months |
|
Ensures concerns with periodic ethics training for employees at all possible levels of business organization |
Human Resource Manager |
25th July 2016 |
$ 1220 |
1 month |
|
Essential for empowering ethical employees |
Human Resource Manager |
24th July 2016 |
$ 2290 |
1 month |
Reference List
Banerjee, S. & Erçetin, S. (2012) Chaos, complexity and leadership 2012.
Bowie, N. & Schneider, M. (2012) Business ethics for dummies.
Breshears, E. & Volker, R. (2013). Facilitative leadership in social work practice. New York, NY: Springer Pub.
Brink, A. (2011). Corporate governance and business ethics. Dordrecht: Springer.
Collinson, D. (2011). Leadership. Los Angeles [u.a.]: Sage.
Duska, R., Duska, B., & Ragatz, J. (2011). Accounting ethics. Chichester, West Sussex, U.K.: Wiley-Blackwell.
Erçetin, S. & Banerjee, S. Chaos, (2012) Complexity and Leadership 2013.
Fuda, P. (2012) Leadership transformed.
Gallagher, D. (2012) Environmental leadership.
Kouzes, J. & Posner, B. (2011). The five practices of exemplary leadership. San Francisco: Pfeiffer.
Kouzes, J. & Posner, B. (2012). The leadership challenge. San Francisco, CA: Jossey-Bass.
Maeda, J. & Bermont, B. (2011). Redesigning leadership. Cambridge, Mass.: MIT Press.
Mobley, W., Li, M., & Wang, Y. (2011). Advances in global leadership. Bingley: Emerald.
Reed, L. & Signorelli, P. (2011). Workplace learning & leadership. Chicago: American Library Association.
Richardson, J. (2012). Business ethics. Guilford, CT.: McGraw-Hill/Dushkin.
Richardson, J. (2013). Business ethics 08/09. Guilford, Conn.: McGraw-Hill/Dushkin.
Shaw, W. (2011). Business ethics. Boston, MA: Wadsworth/Cengage Learning.
Taylor, S. (2012). Leadership craft, leadership art. New York: Palgrave Macmillan.
Thomas, R. (2011). Business ethics. Bury St. Edmunds: Ethics International.
Thomas, R. (2011). Teaching ethics. Suffolk, U.K.: Ethics International Press.
Discuss about the Leadership for Facilitative Leadership in Social Work Practice.
The main purpose of the study is to highlight Enron Company issues in handling current market condition. As per Thomas (2011), Enron filed for bankruptcy in the year 2001 as well as series of enquiries court cases that shake business world as well as public as a whole. This was the only case for wrongdoing like WorldCom, Charter Communications as well as Global Crossing as joined by Enron employees in SEC probes. During the time of bankruptcy, Enron is considered as the seventh largest in and around world based upon turnover as well as future success stories in upcoming years. Enron makes huge sound in coming under crashing down situations. According to Thomas (2011), they brought out the reason behind Enron downfall. They have gathered facts like improper trade practices, corporate culture as well as accounting frauds and ethics in general terms. It requires examining the role of top leaders from Enron debacle in case of providing good insights on resolving unethical practices from eroded culture of Enron. From the case study, it is easy to gather facts that Enron considered as most complex bankruptcy cases in US history. It has devastating effects on thousands of employees as well as investors. As opined by Taylor (2012), Enron aims at key mechanism in alignment with individual as well as corporate goals for employees working under business organization. This particular article explains the Enron Company bankruptcy debacle. It presents the business ethics background as well as leadership mechanisms that affect Enron collapse and eventual bankruptcy at the same time. As per Shaw (2011), it is the systematic analysis; organization culture at Enron demonstrates company culture and ethics among employees working in an organization. Company culture believes in individualism, aggressive cleverness as well as innovation that left Enron Company without any kind of compassionate and responsible leadership.
According to Duska, Duska & Ragatz (2011), Enron is the biggest failures in and around the world in US. Accounting practices are the real reason to failures for the top leaders and bad leadership management. As per Richardson (2012), researchers brought out various aspects of Enron that leads to failure. This particular aspect includes trading practice at Enron as well as ethics followed at the same time. It renders pure insights for workings of lay and Skilling. It is found that Enron leads to dissolution of accounting firm as destroyed documents charging Enron millions of dollars in consultancy fees in the most appropriate way. As per Banerjee & Erçetin, (2012), it is found from the case that Enron face lack of adequate leadership skills within the executives of business organization. It is newly deregulated as well as innovative forum. Enron embraces culture for rewarding aspects for future analysis purpose. It renders negative earnings outlook as well as red flag to investors for successful appearance of Enron Company. As opined by Richardson (2013), Investors concerns with stock prices because of excessive selling as well as credit agencies in downgrade of credit rating of Enron Company. Most of the trading partners lose faith in company as well as Enron ability in generating quality earnings as well as low cash flow operations in the near future. It is essential for avoiding unethical practices and entering into web of partnerships as well as employed in increased accounting methods for maintaining investment-grade status. Enron executives mostly feel in performing the right thing for business organization in the upcoming years. As opined by Reed & Signorelli (2011), Partnerships boost earnings as well as allow Enron in prospering misplaced card for collapsing Enron house. Stability of Enron house of cards erodes in way of culture attributes for future analysis purpose. Enron forces in announcing more than $390 million earnings with other partnerships in the most appropriate way. Enron case of ethical failure mainly deals with series of questionable business dealings. Strong company leadership requires stock evaluation as far as possible. As opined by Collinson (2011), Enron mainly started firing as declared for bankruptcy. Self-serving Exon eration employs in explaining the current situation as far as possible. There were some accounting issues as well as trading issues and reserve issues at Enron Company. As opined by Mobley, Li & Wang (2011), congressional testimony news accounts as well as federal investigations in telling other business activities in certain ways. It insists ways for Enron in assessing cash that performed well as well as discloses shareholders equity in more than $1.2 billion for downgraded Enron debt. Company insiders refer as educated litigator accounting irregularities for future analysis purpose.
It is argued that three leadership theories provide close relationship towards ethical leadership. As opined by Maeda & Bermont (2011), theories are transformational leadership theory, authentic leadership theory as well as spiritual leadership theory. There is lot of similarities as well as differences between theories in relations with ethical leadership. These are as follows:
Authentic Leadership- It defines authentic leaders who aim at rendering emphasis upon moral, ethics as well as knowledge and strengths. These leaders are aware of perceived qualities at the same time. It mainly promotes altruism, integrity as well as ethical decision-making process. According to Kouzes & Posner (2012), differences lie in fact that two theories comes under fact as ethical leaders focus on morality and authentic leaders focus on self-awareness.
Spiritual Leadership- It mainly defines spiritual leadership based upon ethics as well as values as applicable in certain religious texts. As opined by Brink (2011), leadership as well as ethical leadership reveals integrity in alignment with work structure as well as other concerns in an effective way. Differences lie in the fact whereby spiritual leadership focuses on hope as well as faith in proper ways.
Transformational Leadership- It ensures transformational leadership as leadership style changes in alignment with life of society in operations. It brings about big changes for better lives as well as fruitful representation. As opined by Kouzes & Posner (2011), Leadership and ethical leadership depicts altruism, integrity a well as ethical decision-making process. Transformational leaders focus on values as well as vision whereas ethical leaders focus on morality and ethical standards.
Corporate Leaders encourages rule-breaking policies as well as intimidating aggressive work environment. It is possible from the ethical boundaries at Enron. According to Gallagher (2012), leadership for critical components in organization culture as leaders creates as well as changes organization culture at the same time. This applies in organizational ethical climate at Enron. Leaders use five primary mechanisms in influencing in the organization culture:
These assumptions encourages behavioral as well as culture norms in and within an organization. Enron Executives uses five mechanisms for culture reinforcement as well as moral flexible opening in ethics degeneration for future analysis purpose. According to Fuda (2012), Enron mainly provides blueprint on how insufficient attention requires in changed leadership as well as culture in management control system. Companies claims in having sophisticated management controls for bringing ultimate effectiveness in highly dependent on organizational culture and leadership at the same time. It depends upon the control infrastructure as under leadership style in bringing operations management control systems in desired form. According to Breshears & Volker (2013), Enron culture begins entirely upon radical transformation. It emerges as intellectual capital economy in array of intangible resources as well as sophisticated financial instrument traders for proper information system and expert accounting knowledge in the most appropriate way. The first mechanism is attention that captures the issues as well as attention by leaders. It captures attention of greater organization as well as focus mainly on employees for the same. According to Erçetin, & Banerjee (2012), Leaders of an organization focus on bottom line as well as employees believe in financial success in leading future business operations in desired form. Executive Integrity suggests ways in focusing for promotion of unrealistic belief for monetary transactions as far as possible. Rules or morality relies upon reducing obstacles in bottom-line financial success in the most appropriate way.
It is recommended that Enron should have healthy corporate culture as well as reduced unethical practices. In Enron case, culture plays an important role in collapse matters. As per Bowie & Schneider (2012), Senior Executives of Enron were optimistic in nature on operating conditions of business organization. They faces failures and losses of company performance as well as covering losses in protecting reputations as by the words of directors of business organization.
Conclusion
At the end of the study, it is easy to gather facts o Enron case study issues with proper solutions for the same. Enron has become case study in regard with unethical as well as bad leadership that leads to downfall of business corporations in possible ways. Researchers conduct study on understanding the relationship between ethics as well as leadership. Researchers mainly acknowledge the importance of perceiving as moral as well as ethical practices in becoming an effective leader in the near future. It also brings out the ways by which ethics practiced by leaders with respect to subordinates actions. It helps in understanding the fact that Kenneth and Skilling responsible for Enron debacle. Leaders engage in unethical practices for aiming future business activities. Lay was involved in most of the fraudulent partnerships as inflated by overestimated earnings of business organization. Lay and Skilling sells shares of Enron in sustaining practices at Enron. Lay and Skilling creates culture of fraud and cheating at Enron for permeated whole business organization. Management should check on the unethical practices among the employees. Business learnt from episodes of Enron and promotion of ethical practices and moral practices in business operations. It takes place emerging trends as well as best practices in guiding leaders in case of ethical dilemma. Most of the companies create position of Chief Ethics Officer in promotion of ethics in an organization. Enron collapse leads to lack of greed as well as ethical leadership as far as possible.
From the above study, it is found that leadership of Kenneth Lay and Skilling was the main reason for downfall of Enron for the case of unethical behavior in two-leader permeation in business organization. It clearly views at the lack of correct leadership as followed by lay and Skilling. It requires in following policy of money making as elimination of voice as emerged in Enron Company. Leadership Philosophy declares ethics as well as moral responsibilities for prevention of Enron Company. It couples with Enron ethical pronouncements in business operations in selecting the correct path. Leadership inherits for spirited documents in promotion in and within organization. Corporate culture evolves in ethical way in and within Enron Company. Enron code of ethics of Enron Company should maintain strong commitments for communication in respect with integrity as well as excellence as far as possible. It requires little evidence in supporting management modeling for solving values in the most appropriate way. Enron leaders should solve serious problem in relation with business transactions as well as concerned with personal rewards for business organization. Strategic partnerships deceive investors in using enormous debt for incurring purpose in the near future. It will serve as message to employees as well as complete disclosures in achieving future long-term obligations in the upcoming years. Enron primary message is to ascertain values by own actions in the most appropriate way. It should follow law as well as concentrate in financial measures as well as creative partnerships in an effective way. This particular arrangement reveals Enron Company for buying as well as selling of assets in keeping credit loan and high stock prices at the same time.
|
What should be done |
By whom |
By when |
Rough Estimate of costs |
Estimated Allocated Time |
|
Hiring ethical people in and from screening process |
Human Resource Manager |
12th July 2016 |
$ 1590 |
2 months |
|
Designing effective codes as well as raising awareness at the same time |
Human Resource Manager |
15th July 2016 |
$ 1290 |
2 months |
|
Developing as well as employing ethical decision-making framework |
Human Resource Manager |
14th July 2016 |
$ 1880 |
2 months |
|
Ensures concerns with periodic ethics training for employees at all possible levels of business organization |
Human Resource Manager |
25th July 2016 |
$ 1220 |
1 month |
|
Essential for empowering ethical employees |
Human Resource Manager |
24th July 2016 |
$ 2290 |
1 month |
Reference List
Banerjee, S. & Erçetin, S. (2012) Chaos, complexity and leadership 2012.
Bowie, N. & Schneider, M. (2012) Business ethics for dummies.
Breshears, E. & Volker, R. (2013). Facilitative leadership in social work practice. New York, NY: Springer Pub.
Brink, A. (2011). Corporate governance and business ethics. Dordrecht: Springer.
Collinson, D. (2011). Leadership. Los Angeles [u.a.]: Sage.
Duska, R., Duska, B., & Ragatz, J. (2011). Accounting ethics. Chichester, West Sussex, U.K.: Wiley-Blackwell.
Erçetin, S. & Banerjee, S. Chaos, (2012) Complexity and Leadership 2013.
Fuda, P. (2012) Leadership transformed.
Gallagher, D. (2012) Environmental leadership.
Kouzes, J. & Posner, B. (2011). The five practices of exemplary leadership. San Francisco: Pfeiffer.
Kouzes, J. & Posner, B. (2012). The leadership challenge. San Francisco, CA: Jossey-Bass.
Maeda, J. & Bermont, B. (2011). Redesigning leadership. Cambridge, Mass.: MIT Press.
Mobley, W., Li, M., & Wang, Y. (2011). Advances in global leadership. Bingley: Emerald.
Reed, L. & Signorelli, P. (2011). Workplace learning & leadership. Chicago: American Library Association.
Richardson, J. (2012). Business ethics. Guilford, CT.: McGraw-Hill/Dushkin.
Richardson, J. (2013). Business ethics 08/09. Guilford, Conn.: McGraw-Hill/Dushkin.
Shaw, W. (2011). Business ethics. Boston, MA: Wadsworth/Cengage Learning.
Taylor, S. (2012). Leadership craft, leadership art. New York: Palgrave Macmillan.
Thomas, R. (2011). Business ethics. Bury St. Edmunds: Ethics International.
Thomas, R. (2011). Teaching ethics. Suffolk, U.K.: Ethics International Press.
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