THE SCANDALOUS FALL OF ENRON: A Call for Ethical Re-positioning in Business

Business is an art as well as a science. As an art it needs deep concentration and dedication. Its scientific nature demands logic and orderliness. Healthy synthesis of these factors in a harmonious way is very essential for the success of any business. The example of Enron, however, projects a reve...

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1. VerfasserIn: Puthenkaduppil, Toji (Verfasst von)
Medienart: Elektronisch Aufsatz
Sprache:Englisch
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Veröffentlicht: 2004
In: Journal of Dharma
Jahr: 2004, Band: 29, Heft: 4, Seiten: 467-478
weitere Schlagwörter:B Raising Standards in Business and Ethical Re-positioning
B Significance of Ethical Re-positioning in Business
B Fabricated Excellence and Collapse of Enron
B Role of Government in the Fall of Enron
B Refined Notion of Justice
B Immediate Effects of the Fall
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Beschreibung
Zusammenfassung:Business is an art as well as a science. As an art it needs deep concentration and dedication. Its scientific nature demands logic and orderliness. Healthy synthesis of these factors in a harmonious way is very essential for the success of any business. The example of Enron, however, projects a reverse order, that is, it tends to showcase how malpractices can create an apparent boom in business and veil it with fabricated excellence. Such tendencies produce only short-lived bubbles of prestige in business and in society. They are actually deviations from the right track. In such a context, I suggest an ethical re-positioning in business, that is, we have to re-assert the values which enhance business and the well being of society. The relevance of this re-assertion of values is explained here with the example of the scandalous fall of Enron. Though its fall took place a couple of years ago, its ethical implications are still significant for analyses.
ISSN:0253-7222
Enthält:Enthalten in: Journal of Dharma