Managing People And Organisations, Unit 3: Power, Politics

Power, Politics and ConflictName:Institutional affiliationPower, Politics and Conflict at EntonIntroductionEnron is probably the most infamous case of mismanagement in the history of the United States that led to investors losing billions of money. The Huston-based energy company rose from just 10 billion in 1990s to revenues of 139 billion in less than a decade. This was as a result its shift of focus from energy to investment into the stock market. The initial vision of the company was to become the world’s leading energy company through efficiency and innovation. Its core values included respect, integrity, openness, and sincerity. Its businesses activities ranged from production, transportation, processing and marketing of natural gas. In November 2002, Enron filed for bankruptcy, as the result of what is widely considered to be the unethical practice of the executives of the company. The problem at Enron could have been prevented by implementing effective HRM strategies. Politics in Enron’s casePolitics played a major role in the direction of Enron. America being a capitalist country emphasizes on the need for individuals to create wealth with little interference from the government. Therefore, Kenneth Lay, his