The Rise And Fall Of Enron - 1008 Words

Introduction Enron began as an energy company in 1985. After the deregulation of oil and gas in the U.S., Enron lost its’ exclusive rights to natural gas pipelines. The CEO, Kenneth Lay then hired a consulting firm to reinvent the company in order to make up lost profits. He hired Jeffery Skilling, who was in banking, specifically; asset and liability management. Under the topic â€Å"The Beginning Presages the End†, C. William Thomas (2002) writes: â€Å"Thanks to the young consultant, the company created both a new product and a new paradigm for the industry—the energy derivative.† When Skilling’s plans were very profitable, he was promoted to COO of the trading division. With this success, he hired Andrew Fastow; who became CFO Chief†¦show more content†¦Lay retired early and sold his stock before Enron’s collapse. After all was revealed in the financial statements, Skilling was fired. He too, made millions of dollars fro m Enron in salaries, shell companies, stocks and other perks. In analyzing the data from Enron’s financial statements, the clues were there for all to see. Prior to the decrease in its’ stock price and before the subsequent bankruptcy, these numbers told the story of impending doom for this company. Ultimately, revealed in the financial statements was the reality of the business’ liability to owner’s (stockholder’s) equity ratio. In the case of Enron, â€Å"Corporations refer to total owner’s equity as total stockholders’ equity† (Warren Reeve, et al, 2014, p.21). The story it told, was not good. This company was at risk of defaulting on its’ obligations. The stockholders would not be able to recoup their losses from the worthless stock. When Greed Corrupts Enron made billions in profits in the early years, until deregulation promoted competition from other companies. When this happened, Kenneth Lay, CEO and Jeffery Skilling, COO went on a mission to keep the company on top. These two top executives wanted to keep the billion dollar bottom line alive; at any cost. The more the executives made in profits, the further away from GAAP, the financial statements strayed. They obscured the reality of the business’ rising debt by hiding liabilities and failing assets. Author C. Thomas

Alice Walker’s Short Story Everyday Use Essay - 905 Words

Alice Walker’s Short Story â€Å"Everyday Use† In Alice Walker’s short story â€Å"Everyday Use,† tells us a story of two daughters’, Dee and Maggie Johnson, with different ideas about their identities and values. Dee a young woman who, in the course of a visit to the rural home she thinks she has outgrown, attempts unsuccessfully to divert some fine old quilts ,earmarked for the dowry of a sister, into her own hands. Dee is Mrs. Johnson’s oldest daughter, the one who has always been determined, popular, and successful. Maggie is her young sister who was severely burned in the house fire as a child. She is still lives with her mother in poverty, putting â€Å"priceless† objects to â€Å"everyday use.† A similar view is expressed by Houston Baker and†¦show more content†¦(103) Mama, with grudging admiration remembers Dee as a fearless girl. While Mama imagines herself unable to look at people in the eye, talking to them only â€Å"with one foot raised in flight,† (103) Dee however, â€Å"would always look anyone in the eye. Hesitation was no part of her nature† (103).She goes on to say Dee is self-centered and demanding but also remembers this daughter as a determined fighter. Dee is concerned with style, but she will do whatever is necessary to improve her circumstance. For instance, when Dee wanted a new dress, she had to â€Å"make over† a green suit someone had given her mother. Maggie a victim of fear since she was burned by the fire, Mama describes her as â€Å"a lame animal, perhaps a dog† (103). She says, â€Å"That is the way Maggie walks. She has been like this, chin on chest, eyes on ground, feet in shuffle, ever since the fire burned the other house to the ground† (104). The major difference between the two sisters is the understanding of heritage. More critics see Dee’s education and her insistence on reading to Mama and Maggie as evidence of her separation from the lack of understanding of her family identity and heritage. Nancy Tuten, for instance argues that, in this story: Walker stresses not only the importance of language but also the destructive effects of its use †¦Rather than providing a medium for newfound awareness and for community†¦verbal skills equip Dee to oppressShow MoreRelated(A Critical Analysis of Alice Walker’s short story Everyday Use)700 Words   |  3 PagesAnalysis of Alice Walker’s short story Everyday Use) Albert Camus once asserted: â€Å"Men are never convinced of your reasons, of your sincerity, of the seriousness of your sufferings, except by your death. So long as you are alive, your case is doubtful; you have a right only to their skepticism.† In Everyday Use a strong willed mother tries to protect her younger daughter, Maggie, from having a quilt passed down for generations stolen from her by her materialistic older sister Dee.The short story EverydayRead MoreEveryday Use by Alice Walker: A Look at Symbolism and Family Values879 Words   |  4 PagesAlice Walkers â€Å"Everyday Use†, is a story about a family of African Americans that are faced with moral issues involving what true inheritance is and who deserves it. Two sisters and two hand stitched quilts become the center of focus for this short story. Walker paints for us the most vivid representation through a third person perspective of family values and how people from the same environment and upbringing can become different types of people. Like most peoples families there is a dynamicRead MoreThe Importance Of Family Heritage By Alice Walker1100 Words   |  5 PagesSydney Elliott ENGL 102-52 Dr. Irmer February 25, 2015 The Importance of Family Heritage One of the most inspiring authors in American history is Alice Walker. Walker is the youngest child in a sharecropper family that found her overly ambitious and highly competitive (Walker 609). This gave her a strong fighting attitude, which allowed her to make positive changes in an extremely racist society. Unfortunately, when she was young, Walker was accidentally shot in her right eye with a BB gun whileRead MoreAlice Walker s Everyday Use906 Words   |  4 PagesCritique of Alice Walker’s â€Å"Everyday Use† Title Often authors use the titles of their writing to portray a part of the story that will eventually come up, or to give an underlying message about what’s going on in the story. In Alice Walker’s short story, Everyday Use, she uses a title that isn’t blatantly seen within the story, but is explained through different aspects of the dialogue and actions of the characters. Walker could’ve chosen to explain the title more obviously within the story, but insteadRead MoreDead Mens Path Literary Analysis1000 Words   |  4 Pagesvillagers go. â€Å"Everyday Use† by Alice Walker shows conflict between Mama, Dee, and Maggie. Dee wants to take the quilts away from her home, but Mama already planned to give the quilts to Maggie. Both literatures are relatable to readers. However, one literature shows a stronger connection readers can relate too. â€Å"Everyday Use† by Alice Walker distinguishes a more relatable conflict to modern day readers than †Å"Dead Men’s Path by Chinua Achebe because readers connect the short story to everyday problemsRead MoreAn Analysis of Alice Walkers quot;everyday Usequot; Essay929 Words   |  4 Pagesp An Analysis of Alice Walkers Everyday Usep Alice Walkers novel, The Color Purple, won the Pulitzer Prize in 1982. This novel, in addition to her short story collections and other novels, continue to touch the emotions of a vast audience. This ability, according to critics, has solidified her reputation as one of the major figures in contemporary literature (Gwynn 462). Born to sharecroppers in Eatonton, Georgia, in 1944, Alice Walkers life was not always easy. Her parents strived toRead Moreâ€Å"Everyday Use† by Alice Walker Essay1310 Words   |  6 PagesIn its simplest form, a child is a product of a man and a woman but Alice Walker one of the foremost authors during the twentieth century, adds depth to her black American women by focusing on the role that race and gender played in their development. Family reunions can be times of great anticipation, excitement and happiness but for Dee, a young, beautiful, African American and our leading character, it was a reunion with underlying, unspoken tensions. Dee was Dee but Dee had changed; a new husbandRead MoreSymbolic References in Everyday Use by Alice Walker1848 Words   |  8 PagesSymbolism is the taking of an object big or small, and giving it something to stand for. It could be your everyday math symbols for addition, subtraction, division, and etc. Although math symbols are perfect examples of symbolism, there’s also objects that can be more than what they are. For example animals, Lions are known to be symbolized as strength, aggression, and assertiveness. Birds like doves are symbolized as love and peace. Colors are also held symbolically, for instance the color blackRead MoreEveryday Use By Alice Walker1725 Words   |  7 Pagespeople forget that heritage has to do with truly understanding their past. Many often misrepresent it, especially the younger generations who just accept its presence. Alice Walker’s short story, â€Å"Everyday Use,† revolves around an African American family that consists of three wo men, who are very different from each other. The story begins with Maggie and Mama waiting in the yard for Dee, the main character, to visit from Augusta. Dee is the first person in her family to attend college, which createsRead MoreIn 1973 Alice Walker wrote a short story called Everyday Use. This story is told in first person by800 Words   |  4 PagesIn 1973 Alice Walker wrote a short story called Everyday Use. This story is told in first person by mama and in set in the Deep South. Now, Alice Walker is a very well known name when it comes to writing and acting. She began her life in Eatonton, Georgian and was the youngest of eight children. Her family made their living by sharecropping and she says that, â€Å"It was great fun being cute. But then, one day, it ended.She had an accident with a BB gun and it almost blinded her at the age of eight

Eating Disorders Are Serious Emotional And Physical Problems

Eating disorders plagues the lives of many people mentally and physically. Eating Disorders are very common in the United States. More than eight million American men and women including children and adults suffer from eating disorders. There is more than one type of eating disorder. The following eating disorders are the most common ones found in the United States and other countries worldwide: Anorexia Nervosa, Bulimia Nervosa, and Binge Eating disorder. There are many factors that contributes to eating disorders and the treatments being done to help people who are suffering from eating disorders. Eating disorders are serious emotional and physical problems. People do not think that eating disorders have to do with self-esteem, but body image. Bullying in school, at work, or even in your house can cause a person to develop an eating disorder. Some who have been abused by parents, friends, neighbors, or other family member can lead to an eating disorder. These behaviors can make a person feel bad about himself/herself which can lead them to eating disorder. People suffering from eating disorders do not realize what they are doing to their bodies. They feel that the only thing that they can control about themselves is their weight. Many try to control their weight by not eating. Completely stopping eating causes Anorexia Nervosa. Not eating also lead to extremely low weight which can lead to death (Eating Disorders: About More Than Food.†). One percent of teenage girls inShow MoreRelatedEating Disorders Are Serious Emotional And Physical Problems1522 Words   |  7 Pages Eating disorders plague the lives of many people mentally and physically. Eating disorders are very common in the United States. More than eight million American men and women including children and adults suffer from eating disorders. There is more than one type of eating disorder. The following eating disorders are the most common ones found in the United States and other countries worldwide: Anorexia Nervosa, Bulimia Nervosa, and Binge Eating disorder. There are many factors that contribute toRead MoreEating Disorders : Eating Behavior And Weight Regulation1034 Words   |  5 PagesEating disorders feature serious disturbances in eating behavior and weight regulation. Associated with a wide range of adverse psychological, physical, and social consequences; eating disorders include severe distress or concern about body weight and shape. Eating disorders are more than simply watching your weight or dieting, they include characteristics such as skipping meals, excessive exercise a nd overeating. Eating disorders are serious emotional and physical issues with life-threateningRead More Eating Disorders Essay746 Words   |  3 PagesAn eating disorder is an extreme expression of emotion, distress, or inner problems. An eating disorder can be compared to drug use or self mutilation as a way to relieve pain or stress. Food or the denial of food becomes the drug of choice and is used to numb painful feelings. There are three main types of eating disorders, anorexia nervosa, bulimia nervosa and binge eating disorder, also known as compulsive eating disorder. Anorexia Nervosa is an extremely abnormal fear of gaining weight, a distortedRead More The Cause of Eating Disorders Essay591 Words   |  3 PagesThe Cause of Eating Disorders Although the causes are many and varied, we know that people with eating disorders often use food and the control of food in an attempt to compensate for feelings and emotions that may otherwise seem overwhelming. For some, dieting, bingeing and purging may begin as a way to cope with painful emotions and a way to feel in control of ones life, but ultimately, these behaviors will damage a persons physical and emotional health, self-esteem and sense of competenceRead MoreBehavior Disorders1059 Words   |  5 PagesBehavior Disorders (Emotional Disturbance Pg 207-210) I. Facts: * Behavior disorders include mental health problems with a focus on behaviors that both identify emotional problems and create interpersonal and social problems for children and adolescents in the course of their development. * Currently, students with such disorders are categorized as having a serious emotional disturbance, which is defined under the Individuals with Disabilities Education Act (IDEA), Public Law 101-476, as follows:Read MoreEating Disorders Among Teens And Adolescents1566 Words   |  7 PagesEating Disorders in Teens In this generation teenagers fight the everyday struggle of wanting to be perfect. Perfection sells in modern society, with perfection being plastered everywhere, people feel the pressure of having to change their appearance. When looking at television and movies women and men see the ideal model of what the world believes they should look like. This long term process of seeing what you are expected to look like can cause emotional and physical problems such as eating disordersRead MoreEating Disorders And Body Image1613 Words   |  7 Pages Eating disorders and body image Cenia Xu Father Michael Mcgivney Catholic Academy Effects of Eating disorders have on teenagers Every day, teenagers are surrounded by different messages from different sources that impact the way they feel about the way they look. For some, poor body image is a sign of a serious problem: an eating disorder. Eating disorders are not just about food.The eating disorders containRead MoreEssay Negative Body Image Leads to Eating disorders584 Words   |  3 PagesEating disorders â€Å"Many kids — particularly adolescents — are concerned about how they look and can feel self-conscious about their bodies.† Eating disorders have the power to affect everyday life. Not only in just teens but all ages. They are able to cause extreme weight changes. As well as, it could affect your health for the rest of your life. (Source 1) By having an eating disorder everything becomes based off of that, if it isn’t helped or stopped it could become serious and damage your healthRead MoreCause and Effect of Anorexia1083 Words   |  5 PagesCause and Effect of Anorexia Of all girls and women in the United States, ten percent will be affected by an eating disorder. Men and women alike are affected, however it is more common in women, specifically those aged thirteen to twenty. The most common eating disorder among teenage girls is anorexia nervosa. This disease is mostly linked with an overwhelming desire to be thin. People take extreme measures to achieve this goal (â€Å"Causes†). Anorexia is a very mysterious and misunderstood diseaseRead MoreEating Disorders : Deterioration Of The Mind1117 Words   |  5 PagesEating Disorders: Deterioration of the Mind By: Genevieve Narkiewicz Advance Placement Psychology Mr.Cuetara May 4th, 2015 Abstract Eating disorders are in no way, to be considered â€Å"no big deal†. It affects the lives of many poor unsuspecting human beings and in some cases, fatally takes lives. This topic presents many things that most people don’t know. Such as the fact that bulimia nervosa has similar symptoms to using the drug heroin! Rotten teeth, pale and dry skin, and even failing

Organizational Culture and Structure of Flight- Free-Samples

Questions: Using relevant theories, Explain how the Organisational Culture and Structure of Flight Centre are Intertwined. Answers: Introduction The organizational culture implies an entire multifaceted phenomenon comprising of beliefs, values, symbols and general presumptions pooled by the people of the organization. An organizations structure is the style in which an establishment arranges its employees, resources and management in order to attain its goal. Possessing aforesaid traits, the organizational culture has an intensive and wide impact on the trade of an organization. It monitors therefore, that technique should be ascertained primarily, abided by the organizational structure. Graham Turner designed the organization as families, villages and the tribes. This manuscript will demonstrate the concept of organizational culture and structure along with the personae of establishment culture. Far ahead it will deliberate the structure and culture in Flight centre and also evaluate the way in which culture is intertwined with enterprise structure. Concept of Organizational Culture and Structure Culture is substantial since it is latent, powerful, and usually unconscious group of power that ascertains individual and group behaviour, values, thought patterns and ways of comprehending. Organizational culture specifically is significant since cultural components ascertain goals, modes of operandi and strategy(Mats, 2013 ). In order to make establishment more effective and efficient, management should comprehend the character that culture performs in organizational life. It has been observed that though it is seems simple to monitor what occurs in an enterprise, a consideration of culture assists to elucidate why incidents happen (Elizabeth Kummerow, 2014). Primarily, the culture safeguards an elevated level of collaboration amongst employees. Secondly, culture can abridge decision making and the execution since communal shared values and beliefs offer members of the organization a consistent array of basic preferences and assumptions. Thirdly, culture can instigate sound and ef fective communication. Moreover, they also offer outlines for a distinct interpretation of obtained messages. Literally, the phrase organizational structure implies the map demonstrating the several positions within an establishment. Organizational structure merely is the set of integrated and interrelated components making up an arrangement, which is self-ruling on its own, mainly malleable and which can be restructured or even, destructed into a fresh system over the period(Bhatia, 2008). Structure assists employees in the establishment to work together efficiently. Structure exhibits how accountability and power, external and internal, function within the establishment; it ascertains how accountabilities are distributed and entails efficient involvement(Aquinas, 2008). Every establishment requires outlined communication channels, responsibilities and agreed procedures. The most preferred divisions are functional or departmental groupings. Arrangement should reflect the prototype of reporting associations. The selection of structure will rely on numerous elements comprising the organizations mission, function, culture, persons involved, size and its budget. Structure and culture at Flight Centre Building an affirmative workplace culture begins with nurturing admiration with and amongst people(Graham Hubbard, 2015). Flight Centre aspires to actively boost a corporate culture that assists diversity in the office, in the arrangement of its senior management and Board and entire Flight centre group. The organizational model of Flight centre is team based; lean and simple( Flight Centre Pvt Ltd, 2017). Graham Turner, the Originator of Flight Centre Ltd. backs that peoples are intensely wired to function in small segments within large segments. To comprehend this distinct model the four traits of organization design complication, officialization, monopolization and synchronization can be applied(Stephen Robbins, 2013). Complications denote the mode in which the firm is fragmented into quite a few group roles or individuals, units and divisions each with its discrete responsibility and tasks. Vertical differentiation reflects the counts of hierarchical stages in an establishment .The operation level at Flight Centre comprise retail shops. Every shop includes 3 7 people active on one produce which is entitled as family. The area or a village embraces 7-10 family units in one terrestrial sector. The tribal realm is a group of 3- 4 rural community. Each tribe is a rare creation; product encompasses corporate traveller, student flight and Flight Centre. In horizontal distinction, and diverse segments of the establishment become focussed on distinct activities to enhance efficiency. All stores of Flight centre sells same services although the names are disparate which crafts it effortless to commune among family units and coordinate activities. Officialization signifies to the degree to which policies, procedures, rules, regulations and job description administer the functioning of an enterprise. Despite the fact that Flight centre has flat blueprint, it has 3 grades s (tribe, village and family) which exhibits there are grading inside the model. Monopolization expresses the extent to which decisiveness is stanch at one thrust in a firm. The realm procures amenities for villages and families. Nonetheless, at Flight Centre at hand does not ensue to be centralized supremacy of the headquarters. Synchronization is unification of activities of particular units headed for common goal. In Flight centre, programmed coordination is communal .A head office group synchronizes marketing and administrative services. The outline projected by Henry Mintzberg proposes that each establishment has five constituents. At Flight Centre the bottommost operative core designates the companions of the family, co-workers who implement the structural work of dispensing the facilities or retailing. The strategic apex is indicted to assure that the enterprise accomplishes its mission. At Flight Centre, there is distinct style of allocation of power where entire rights are not afforded to the tribes. Even so, the tribal office is the axis that regulates the brands that is the retail outlets. Every retail shop or family has a supervisor who bonds the strategic apex to the operative core. The techno structure of the family encompasses, the HR, marketing, SWOT groups and IT fellows who enclose the accountability for affecting forms of regularization in the organization. Figure: Mintzbergs five elements of the organization In Flight Centre, the strategic apex exhibits to be more prominent over other attributes. The model of the Flight centre may perhaps be contemplated flat since it merely has 3 ranks and the operative core accounts to their subsequent managers. Few benefits embrace clear accountability and flexibility to retort to the concerns of the patrons (Schermerhorn, 2011). Formulating ruling at the Flight centre exhibited to be narrow. The tribal nation takes decision context to managing the technical issues. The tribal nation offers brands and other staff assisted services to the families and villages. Furthermore, shop supervisors take pronouncement at the family phase though the travel counsellors are empowered. Further, Flight centre has added a likeness of a strategic apex contemplated there also surfaces some hotchpotches. The Flight centre owns more than 800 retail outlets globally and every year 150 plus outlets are enhancing, the functioning could be more perplex as it may have greater families, tribes and villages which might make communication and coordination blockages (Schmidt, 2017). Furthermore, few powers are disseminated from the tribal nation-state, such authorities comprises purchasing products from vendors. When enterprise becomes huge and physically decentralized, it necessitates folks with specialized competence and knowledge to take care of problems and eliminate waste(Lockyer, 2008). Conclusion Flight centre is finely placed to move ahead with industrial changes. The entire program is laid on the notion that folks perform best in their selected ambience within the bigger establishment rather than attempting to shape them into the organizations sculpt .Amongst triumph elements is the fact that they constantly comprehend and embrace ingenious human resource management exercises and strategies to uphold that benefit. Social expertize that is necessitated by the IT authorities involves concentrating to errors 24*7 since flight centre is global establishment where they encounter with ticketing and travelling. Since workers are fixed up in diminutive unit like families, it offers them uniqueness where they pertain. It could also develop intimate connections inside family and also provide leader a strong image of the competencies of the individual employee. Likewise, produces more effective decisions. Bibliography Flight Centre Pvt Ltd, 2017. Flight Centre. [Online] Available at: https://www.flightcentrelimited.com/ [Accessed August 2017]. Aquinas, P., 2008. Organization Structure and Design. New Delhi: Excel Books. Bhatia, S. K., 2008. Managing Organizational Behaviour :People Skill for Sucess. New Delhi : Deep and Deep Publications Pvt Ltd. Elizabeth Kummerow, N. K., 2014. Organizational Culture :Concept ,Context and Measurement. Volume 1 ed. s.l.:World Scientific. Graham Hubbard, J. R. P. G., 2015. Strategic Management. 5 ed. Australia : Pearson Publication. Lockyer, T. L. G., 2008. Global cases on Hospitality Industry. s.l.:The Haworth Press Taylor Francis Group. Mats, A., 2013 . Understanding Organizational Culture. London : Sage Publications Ltd. Mintzberg, H. (1992). Structure in fives: Designing effective organizations. Upper Saddle River, NJ: Prentice Hall. Mintzberg, H. (2009). Tracking strategies: Toward a general theory of strategy formation. New York, NY: Oxford University Press. Schermerhorn, J. R. D. P. S. W. . C., 2011. Management. Wiley: Milton . Schmidt, L., 2017. Flight centres graham turner and cofounders are flying high. [Online] Available at: https://www.forbes.com/sites/forbesasia/2015/01/28/flight-centres-graham-turner-and-cofounders-are-flying-high/#416a9ce42264 [Accessed 25 August 2017]. Stephen Robbins, T. A. J. B. M. M. B., 2013. Organizational Behiaviour. Australia: Pearson.