Mr Munhende

EXPLAIN THE LESSONS THAT ZIMBABWEAN COMPANIES LEARN FROM THE ENRON SCANDAL.[30] Enron was a Houston-based subjective rag 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 innate(p) 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 spacious 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 charged with securities fraud (fraudulent manipulation of publicly reported financial results, parable 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 willing concentrate on the lessons that Zimbabwean firms learn.

Reputation need to be touchd Enron had been operating since 1985 and has build good story with its stakeholders, only its reputation falls over night destroying all that was built in 17 years. Zimbabwean firms learn that reputation is an asset that is high-priced but very fragile. Firms should jealously guard and preserve this asset and not to lose it like what Enron did. Sustainabili! ty of the organization is inevitable Enron filmd 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 earthly concern of the organization. Lack of such aspect of...If you want to get a full essay, rewrite it on our website: BestEssayCheap.com

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