Human Resource Management Assignment - Enron company

Added on - 29 Apr 2020

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Running Head:HUMAN RESOURCE MANAGEMENTHuman Resource ManagementName of the StudentName of the UniversityAuthor Note
1HUMAN RESOURCE MANAGEMENTExecutive summaryThe aim of the report is to analyse the energy company called Enron established inHouston Texas. The company was involved in transmission and distribution of the power. Thecrucial factor that led to the failure of the company towards its stakeholders is the unethicalleadership. It affected all the stakeholders of the company including the investors, creditors,thousands of employees, senior executives, suppliers, clients, shareholders, community and thegovernment. The company started with innovative idea and gained enormous profit. Later, itmisled the investors and the creditors with false financial information. It had impacted thestakeholders of the company financially and emotionally. Other financial firms, banking,insurances and brokerages were drawn into the legal battles.The report then highlights the organisational factors that contributed to the failure. Itincludes unethical leadership, dominating culture, inappropriate decision making-authority andpoor management controls that led to faulty corporate governance structure. Based on SWOTanalysis, it was found that the company had many strengths such as innovation, and humancapital. The scandal occurred due to its main weaknesses which are failed board of directors,unethical leadership, and pessimistic corporate culture. If the company would have workedethically, it would have grabbed many opportunities such as Business merger and acquisition,and market development in Asian countries. The company had many threats due to its fall andfaulty remedial options.The only strategy recommended for preventing another Enron case is to conduct thebusiness in an ethical manner using the exhaustible human capital and maintaining the
2HUMAN RESOURCE MANAGEMENTinnovative character. There is a need of government regulations and rules that needs to beupdated on timely basis and should not be relaxed and eliminated.
3HUMAN RESOURCE MANAGEMENTTable of ContentsIntroduction..........................................................................................................................4Company and its failure towards its stakeholders...............................................................4Description of the event.......................................................................................................4Organisational factors that contributed to the failure..........................................................5Analyse the identified OB factors........................................................................................6SWOT of Enron...................................................................................................................7Analyse the company’s strength and weaknesses...............................................................8Analyse the opportunities and threats..................................................................................9Remedial response of company and recommendations.....................................................11Conclusion.........................................................................................................................12References..........................................................................................................................13
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