![]() These practices were for a long time concealed from the public and the company’s stake holders such as its investors. The collapse was a result of a long time venture into unchecked practices by the company through its executives. Problems encountered at Enron CompanyĮnron Company was characterized by a number of problems in the form or malpractices that led to the eventual collapse of the entity. The paper will then analyze the problems and then look into organizational behaviors and theories that affected the company. The paper will look into the issues that faced the company leading to its collapse. This paper seeks to discuss organizational theory with respect to Enron Company that was forced into collapse. Organizational theory ensures that issues facing an organization are resolved and responsibilities undertaken. Organizational theory refers to the study of organization with the aim of identifying themes into an organization’s objectives. The major cause of the collapse of a once prominent company was its selfish leadership that disregarded management’s elements such as organizations theories and behavior leading to inappropriate culture and ethics and practices. ![]() The firm was characterized by malpractices in its administration that led to embezzlement of funds by top officials and a subsequent accounting cover ups. ![]() Enron Company experienced a crisis to its collapse in the year 2001 which was culminated by application for bankruptcy. ![]()
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