Discussion Response Example Hi Suzanne, I Am Very Impressed With Your

ResponseHi Suzanne,I am very impressed with your analysis of the Enron Corporation scandal. I also felt like the board would make any investor feel confident in investing in the company. The board consisted of individuals with high experience and good reputation when it comes to ethical business. I agree with you that, companies need to develop one vision, and focus towards reaching the vision throughout their lifetime. In my opinion, Enron was overconfident of its ability to create profits, and therefore over diversified its operations to areas that it had very little experience such as water supply and electricity generation, and therefore increasing its risks. This led the company to diverge completely from its initial vision of becoming “the world’s leading Energy Company – creating innovative and efficient energy solution for growing economies and a better environment worldwide”. I particularly liked the statement that “The toxic combination of the failure of top leadership, the corporate culture which supported unethical behavior, and the complicity of the investment banking community seems to represent the reason for their failure”. Good Luck!