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What brought about Enrons Collapse What brought down Enron Most X Americans would say that greed brought its demise I would agree that greed did factor into the fall of Enron once named the most innovative company but further investigation into the company and its business and accounting practices reveal more than greed Mismanagement of huge proportions disregard to organization and financial irresponsibility are amongst key factors of its fall Enron wanted to be bigger better and more progressive than all other companies and it seemed to be well on its way but the company did not a top manager Kenneth Lay with the right interest at the right time in his companys objective and mission Mr Lay was Enrons chairman in title only Enron had a distracted hand-offs chairmanFowler The companys top manager must be accountable for all that happens in the company They are responsible for overseeing the whole organization McNamara He or she must have real and productive interests goals direction and real leadership ability for the company and be able to influence others within the organization Success is dependant upon that With regards to accountability real interest and leadership Mr Lay passed along his responsibilities to his right hand man Jeff Skilling and began the downfall of Enron and the breakdown of its organizational structure Organizational structure is key to any and all businesses A companys organizational structure equates with the companys wise decision-making abilities and is absolutely essential in reaching the companys objectives The people chosen to make the companys wise and important decisions were clearly top management and but did not have productive objectives in mind Key decision-making was left up to the chief financial officer and the chief operating officer The scope of responsibility was outside their abilities Their span of control was nonexistent and their basic interests were financial profits It was
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