The History of Enron and WorldCom Free Essay Example, 3750 words

Emshwiller and Smith report that ‘The events were followed by a series of scandals involving irregular accounting methods bordering on fraud which involved Enron and Arthur Andersen accounting firm and led Enron on the verge of undergoing the largest bankruptcy in economic history in November 2001’. 7 Since Enron was always considered a blue chip stock, the bankruptcy was a disastrous and unprecedented event in the global financial world. The story of WorldCom is not quite different – the company had a very good start and a wonderful growth rate but it finished poorly. The starting objective of the company in 1984 was to provide service as a long distance reseller company thus the name LDDS, which stands for Long Distance Discount Service. The company embarked on a lot of acquisitions in the 1990s and these acquisitions fuelled the company’s growth. The website, which reports mainly on WorldCom reports that ‘For 15 years it grew quickly through acquisitions and mergers. Its $40 billion merger with MCI in 1998 was the largest in history at the time. ’8 The table below shows major companies that were bought or merged with WorldCom Company Year bought or merged Advanced Communications Corporation Resurgens Communication Group Metromedia Communication Corporation IDB Communications Group, Inc Williams Technology Group, Inc MFS Communication Company Digex (DIGX) 1992 1993 1993 1994 1995 1996 2001 The year 2002 however became the crisis year for the telecommunication giant that was once the second-largest long distance phone company in the U. S.9 The cause of the crisis as reported by Simon R. We will write a custom essay sample on The History of Enron and WorldCom or any topic specifically for you Only $17.96 $11.86/pageorder now & Riva D. A, was because WorldCom was ‘plagued by the rapid erosion of its profits and an accounting scandal that created billions in illusory earnings’10. It was reported that WorldCom executives lied about the companys accounting numbers, blowing the companys assets up by around $12 billion dollars. The result of this was a swift bankruptcy that was followed by massive losses for investors of the company. 2.0 Potential Risks that all Companies are Likely to Face and how they may be Addressed One of the most prudent thoughts any investor or entrepreneur should have at the back of his mind is that the decision to start a company comes with a lot of risks. The word ‘risk’ sounds threatening but these company or business risks do not suggest that every business would fail at all cost. The truth rather is, when an investor or an entrepreneur is aware of these risks, he is put in a very good position to handle them when they begin merging their heads.

Leadership Styles Of Leadership Style - 1399 Words

What is leadership? Merriam-Webster Online Dictionary defines leadership as â€Å"the power or ability to lead other people†. Although this is simply put, it is also correct. But leadership is much more than the ability to lead. The ability is one piece of the puzzle. Other pieces to consider in leadership are education, attributes, and style, just to name a few. In this assignment, I will focus on leadership style. Specifically, I will discuss my style according to the assessment developed by The University of Kent in the UK. After taking the assessment, it was determined that my style is Participative. Participative leadership is Democratic and focuses on a collaborative effort from the team. Participative leaders rely on the team’s ideas and abilities instead of making all the decisions on their own (Murdock, K. 2014). Although the leader makes the final decision, the team has the freedom to contribute to decisions being made. Teamwork is an essential attribute for Participative leaders. As a Participative leader, you must possess the ability to set aside your ego, listen to the team, and give the team freedom to make their own decisions. In reviewing my results, I was not shocked by the fact that I as fit the mold of a Participative Leader. I’ve never been the type to rule with an Iron Fist. I don’t believe in a â€Å"my way or the Highway approach. I’m a collaborative individual and I rely heavily on the people around me to achieve a specific goal. Reason being,S how MoreRelatedLeadership Styles : Leadership Style780 Words   |  4 PagesIntroduction Leadership style is designed according to a pioneer s behaviors, which is enveloped under behaviorist theory. Inside of this class, distinctive examples of leadership behavior are watched and classified as leadership styles. Practicing managers have a tendency to be the most keen on looking into this specific theory in light of the fact that with it leaders can modify their style taking into account the convictions, values, inclinations and society of the association they work for.Read MoreLeadership Styles And Leadership Style1026 Words   |  5 PagesThe fourth subject is the leadership style. As of right now the company is an autocratic style. This means that there is less communication involved. â€Å"In an autocratic leadership style, the person in charge has total authority and control over decision making.† (Leadership Toolbox) The leadership style mainly effects the employees. The reason for this is because with an autocratic leadership, there is less communication. The employees have opinions in the business and they want to share thoseRead MoreLeadership Style Of Leadership Styles897 Words   |  4 PagesThe last style of leadership is delegative leadership in which the leader delegates tasks to the employees. This leader is able to derive satisfaction from allowing the staff to participate in decision making responsibilities (Brody and Nair, 2014, p. 4). These leadership styles are not set in stone and characteristics may overlap into other leaderships styles. The leadership style that would best suit a rural area is participate leadership style. In rural areas agencies and organizations lack resourceRead MoreLeadership Styles And Leadership Style851 Words   |  4 Pageswant to give critical thought to your unique leadership style and foster genuine followership, learn from what’s out there a nd weave it into something meaningful and authentic.† (Feiner, 2015) For the last two weeks, I have spent time self-analyzing and soul searching to identify the qualities I bring to a leadership role. Many of the core values important to me also align between the participative leadership style and laissez-faire leadership style. These values include working in a team environmentRead MoreThe Leadership Style Of Leadership Styles1994 Words   |  8 Pagesthat leadership is a kind of ability or activity which a leader could straight affect and guide their followers to achieve certain objectives in the specific situation (John Calvin Maxwell,2011). The shifting internal elements and increasing external competitions have posed growing demanding to managers’ leadership approaches. However, managers are provided with various personalities or perspectives, accordingly, managers are not accomplishing their aims by using similar styles. The leadership styleRead MoreLeadership Styles : Leadership Style995 Words   |  4 PagesLeaders are expected to use a leadership style, communication skills, and their knowledge of interpersonal and team dynamics to create an appropriate quality of work life for their followers in the workplace. A leadership style is a combination of a leader’s attitude, expertise, character, and values that is exhibited in the leader’s behavior. Each style of leadership reflects a leader’s beliefs about a follower’s capabilities. A follower’s perception of leadership style really matters to them, as theyRead MoreLeadership Style Of Leadership Styles934 Words   |  4 PagesThere is much that is written about leadership; like books on leadership styles, techniques and also biographies of leaders that have inspired people to action. While this is true, there is the everyday leadership and a slightly different outlook to leadership as well. Here are a few of them. 1. There Are Different Kinds of Leaders Among leaders are formal and informal leaders. Formal leaders are elected to their positions like congressmen, senators and office bearers of clubs. Informal leadersRead MoreLeadership Styles : Leadership Style979 Words   |  4 Pagestheir own leadership style. In her article, Johnson (n.d.) discusses five leadership styles: Laissez-Faire, autocratic, transactional, transformational and participative. Laissez-Faire has a French origin and it means â€Å"a policy or attitude of letting things take their own course, without interfering† (Oxford dictionaries, 2016). When leaders take total control, such as making all decisions alone and does not ask for the input of the employees, they are using the autocratic leadership style. ThisRead MoreLeadership Style Of Leadership Styles Essay1433 Words   |  6 Pagesprobably feel as if they know enough about leadership to speak on the subject. In many cases, however, this is not truly the case at all. Leadership is a broad concept , and there are several different styles and approaches to consider when studying the topic. It is important to consider these styles and approaches when evaluating the effectiveness, or lack thereof, of any particular form of leadership. With that in mind, this essay will consider the leadership styles of two leaders who are involved in theRead MoreLeadership Styles Of Leadership Style1088 Words   |  5 PagesConsider what leadership or management style speaks most to you. Discuss that particular style, explain why it fits you better than others. Alternatively, consider the leadership or management style fits you least. Explain what is least desirable with that style from your perspective. What leadership or management style speaks most to me? They are a few leadership styles that I venerate. The Transformational Leadership, the Visionary Leadership, and the Charismatic Leadership styles are the most

The Tried and True Method for Topics for a Personal Essay in Step by Step Detail

The Tried and True Method for Topics for a Personal Essay in Step by Step Detail Here's What I Know About Topics for a Personal Essay Personal essays are just the experience of a person's own life and the way they look at several things. A keen grasp of the topic is essential avoid topics that you haven't experienced in real life and problems you didn't solve. Since there's a world of topics ahead of you, deciding upon the topic that is distinctive and interesting at the exact time, is certainly not a simple undertaking. Hence, it is going to be sort of your own research and a means to express own thoughts. Most Noticeable Topics for a Personal Essay Ask three unique experts what a personal essay is and you will likely get three distinct answers. Another top manner of locating the perfect topic for a narrative essay is to look at the list of items from social websites. Even as brainstorming can yield useful outcome, it could be required to find personal essay help to recogniz e and connect the ideas. Essay writing is a great way that enables the writers to expand their creativity and imagination also. Writing the college application essay is a challenging gig. As mentioned earlier, writing of an essay demands certain abilities and knowledge. Researching the topic permits you to find out more about what fascinates you, and should you pick something you really like, writing the essay will be more enjoyable. A Startling Fact about Topics for a Personal Essay Uncovered Lastly, you have to locate a topic that will somehow link your aims and aspirations with what's extended in the college that you aspire to join. Naturally, students may choose the topic which they've done in the class. Some students find it tough to write about themselves, but others find it simpler to examine their private life, in place of researching an assigned topic. Every student demands help with homework from time to time. Top Choices of Topics for a Personal Essay Since the personal essays reveals and highlights more details regarding the other, the capacity to use anecdotes is essential to earn connection of the ideas. You ought to be proud of them! Writing in the shape of first-person rather than the second person can be good for the students to narrate the events effectively. You don't need to find super technical with legal argumentative essays, but don't forget to do your homework on what the recent laws about your favorite topic actually say. Essay topics based on honesty is a prosperous choice as they can create high interest for those readers. It's important to select debatable argumentative essay topics as you need opposing points you can counter to your own points. Personal experience essay topics are merely numerous to pick from! Top Topics for a Personal Essay Secrets You may be assigned to compose a text about being a superb person essay, which is a topic that each person could relate to. So, once you are sitting down to compose an essay, you will need to keep in mind that you need to express your personality there. Whether you're a novice writer or an experienced one, you always will need to begin with a structured strategy. The author needs to be in a position to check at their very own character or personality through somebody else's eyes. Topics for a Personal Essay Secrets Such approach always pays off because it provides you a distinctive insight into the practice of essay writing that is targeted at achieving excellent outcomes. If you still doubt whether it's possible to deal with this kind of assignment for a definition essay alone, we're delighted to inform you that there's a great solution! 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One of the absolute most important sections of the essay writing process is editing, and editing requires a lot of time. With the aid of ready personal essay examples you're able to receive a very clear picture of the structure, interesting elements and plot twists, which might greatly enhance the caliber of your essay. Deciding upon the essay topic for your private essay is easy as you're well acquainted with the subject. If you are aware of what they wish to and what they are searching for then you may start your essay with a how to tip. Today's tips concentrate on the personal essay. A superior personal essay is dependent on observations. The Upside to Topics for a Personal Essay When you get your completed essay, make certain to tell all your friends what a fantastic service it is and what's the perfect place to purchase cheap essays. Think of what you'd like to explore and define. Verbalizing ideas loudly may help you choose the ideal essay choice. 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There is an assortment of strategies about how to begin a personal essay, but the important thing is to create the opening paragraph memorable with vivid description. Many students wish to call it a day after writing a very first draft, but editing is a vital portion of writing a really excellent essay.

Theory of Parabolas free essay sample

A parabola is designed on a basic formula, Y=ax^2+bx+c, which allows it to achieve a curve not seen in a normal line graphed using a Y=mx+b format. To the left is a graph who’s formula is y=x^2, where a=1, b=0, and c=0. I have isolated the (a) factor to see its effects on the parabola. Below is a graph where I have changed the (a) multiple times. The result is that as the (a) decreases, the mouth of the parabola widens due to the fact that (a) is essentially the slope of the parabola. Now, watch what happens when the (a) becomes negative. Now the mouth of the parabola is opening down and as we increase (a), the parabola widens. When (a)1, the parabola closes up horizontally. So from this, we can infer that if (a) is 0, then the result will be a straight line going along the X axis which is no longer a parabola. We will write a custom essay sample on Theory of Parabolas or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Now we will look at how the (b) factor changes the parabola, below is the origional graph from the top of the paper except the red line represents the same parabola with a (b) added onto it. The original equation was Y=x^2(blue line) and the new equation is Y=x^2+x(red line). The change is moving the vertex of the parabola left ? and down ? but the shape of the parabola it’s self is unchanged. Here are some other examples of changing (b) in a parabola with a steady (a) As seen in the graph, (b) only moves the parabola to the sides and down (as the numbers increase, the vertex moves left and down and decreasing is vice versa), but somehow fails to move the parabola up past the point X=0 on its own (making the (a) negative will flip the parabola). So now we have a slope (a) and a vertex (b), but we still need our Y-intercept which will be our (c) As shown from the graph, our parabolas Y-intercepts match up with our (c) factor, completing the equation -Fun fact, the word parabola came from the Greek words para, meaning beside, and bole, meaning to throw