Corporate Fraud, Greed, Corruption, And Ethics - 1598 Words

I. Introduction Corporate fraud, greed, corruption, what company comes to mind when you hear those words? Enron! In this paper we will take a look into the corporate facts and history as well as, stakeholder relationships, organizational trust issues, ethical leadership and ethical culture at Enron. As well as where improvements could have been made to improve organizational trust and ethical culture before Enron’s collapse. II. Corporate Facts and History According to the Texas State Historical Association, organized in Omaha, Nebraska in 1930, InterNorth began as Northern Natural Gas Company.1 With revenues up to $7.5, it was one of the nation s premier pipeline networks. 1 To avoid potential takeover from corporate raiders, CEO Sam Segnar looked to buy Houston Natural Gas. In May 1985 InterNorth acquire Houston Natural Gas for $2.4 billion. Houston Natural Gas was originally formed in the 1920s from the Houston Oil Co., providing gas to Houston retail customers.1 According to the Texas State Historical Association, Houston Natural Gas had assets of $3.7 billion, sales of over $2 billion, and profits of $123 million.1 The two companies would be known as HNG/InterNorth and would be headquartered in Nebraska with Segnar as chairman and CEO. In 1986, Segnar retired and Kenneth Lay was named chairman and CEO. The company was renamed to Enron and the headquarters office moved to Houston According to the Texas State Historical Association, Enron, operated one of theShow MoreRelatedWorldcom Failure1198 Words   |  5 Pagesunprecedented number of corporate scandals: Enron, Tyco, Global Crossing, etc. In many ways, WorldCom is just another case of failed corporate governance, accounting abuses, and outright greed. Many people may question if there is a secret to operating a successful business in modern times. Some may argue that success is based on being at the right place at the right time with the right idea and the right amount of money. Other may debate that success is based on hard work and ethics that are accompaniedRead MoreThe Sarbanes Oxley Act Of 20021563 Words   |  7 Pages2002 (SOX) was enacted to bring back public trust in markets. Building trust requires ethics within organizations. Through codes of ethics, organizations conduct themselves in a manner that promotes public trust. Through defining a code of ethics, organizations can follow, the market becomes fair for investors to have confidence in the integrity of the disclosures and financial reports given to them. The code of ethics includes the promotion of honest and ethical conduct. This code requires disclosureRead MoreThe Sarbanes Oxley Act Of 20021614 Words   |  7 Pageswas enacted to bring back public trust in markets. Building trust requires ethics within organizations. 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A crisis caused by executive greed was able to be magnified when the gatekeepers, the auditors, lawyers and analystsRead MoreProject on Satyam Scam1395 Words   |  6 Pages Project: Satyam Saga SATYAM SAGA Introduction: On 7th January, Wednesday, Satyam Computer Services Chairman B Ramalinga Raju resigns and disappears after confessing to the largest fraud of Rs. 7,136 crore in Indian corporate history. He admitted to committing a gigantic fraud that shook corporate India and the stock markets to the core. In a letter to the board, Raju, 54, unburdened his conscience and admitted that there was a huge hole in the company’s balance-sheet created by reportingRead MoreEthical Principles Of The Word Ethics1464 Words   |  6 PagesThe Cambridge Dictionary of Philosophy states that the word ethics is commonly used interchangeably with morality ... and sometimes it is used more narrowly to mean the moral principles of a particular tradition, group or individual (Deigh, 1995). 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He describes in detail how the sport of golf can get someone connections (even if personal pride is sacrificed) in the government. He further narrates that greed was the cause of some local disasters in the construction business like the Ruby Tower collapse, copper mining disaster and the Film Center accident. After failing to win bids in Malaysia and Indonesia, the young engineer went back home to the PhilippinesRead MoreThe Ethics Of The Enron Case1622 Words   |  7 PagesThe Enron case is well known for being the largest corporate bankruptcy in American history. Thousands of people world-w ide lost billions of dollars, lost life savings, and lost their jobs. Due to the vast corruption, greed and the blatant disregard for integrity from the very top of Enron leadership, world markets crumbled and investor confidence in corporate America was severely damaged (Chandra, 2003.) 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What Makes A Success - 1157 Words

What is Success? In today’s society, people have different views or opinions about success. It could be wealth, fame, power, or respect. My parents, I feel, are very successful people. They go to work everyday to support me and pay bills. They make sure that I have everything I need and not my wants. In that case, I asked both of my parents what their definition of success is. My dad gave me a great example, high school. He said that finishing high school can be my success. He said success is achieving most goals that you set for yourself. For example, my goal was to get accepted by Florida Atlantic University. Fortunately, that goal has been accomplished. My mom also gave me her definition of success is and how it is measured. She†¦show more content†¦Reporters spend on a lot of time interviewing people and investigating stories that could later be breaking news. Reporters are always traveling and spend no time in the office. This occupation is full time. The work is often hastily, with high demands to meet deadlines and to be the first reporter to publish a news story on a subject (Reporters, Correspondents, and Broadcast News Analysts). Reporters may need to work long hours or change their work schedule in order to follow breaking news (Reporters, Correspondents, and Broadcast News Analysts). News stories can happen at anytime of the day so journalists work night and weekdays ((Reporters, Correspondents, and Broadcast News Analysts). There are a few job qualifications for attaining a job like this. A bachelor’s degree in communications or journalism is the most favorable asset when evaluated by employers. They always recommend one to have experience with print or broadcasting preferably in the field (Reporter Training Information). Any kind of education should contain experience through internships or part-time work through a broadcast station. Further experience can be gained working at any school, U.S. Armed Forces, or station publi cations. Students should also apply for journalism based scholarships offered by many colleges and foundations (Reporter Training Information). Reporters typically begin their careers at smaller stations or publications and move on to larger ones later in their career.

Background information on how the development LASIK Free Essays

Introduction Over the thousands last years, human has experienced many ways to redress their sight. One of the most significant inventions was an eyeglass which is discovered in 1268 by Roger Bacon. This invention has developed through creation contact lenses (Teagle Optometry, 2007). We will write a custom essay sample on Background information on how the development LASIK or any similar topic only for you Order Now However, the majority of humans who wear glasses or contact lenses are bothering from it. Therefore, Jose Barraquer discovered LASIK in 1950, which is considered one of the recent technologies in vision correction. LASIK is a Latin word that indicates to create a thin layer of the cornea (black eye) and then using the laser vision correction (LASIK Portal, 2010). Background information on how the development LASIK Lasik is one of the most important types of eye surgery in advance medical that intended for improving in particular Myopia, Hyperopia and Astigmatism. It was invention by Jose Barraquer at the first time, where he effectuated the first operationto reduce the thin flaps in the cornea to change its shape by keratomileusis. By 1981, the Alaximr Laser was been founded which worked on ultraviolet radiation, and it was used at the first time by Rangaswamy Srinivasan to decrease tissue in specific way through extract layers of thin films without any effects thermal in surrounding area. As a result, he could use this kind of Laser without any side effect compared to different type of Laser which worked in the field of visible radiation. After a number of experiments, the Lasik technique has been improved in 1990 by Ioannis Pallikaris and Lucio Buratto to become more accuracy than keratomileusis. All of these results led Stephen Brint and Stephen Slade to performed surgery operation in the United States for the first time (Ezine Articles, 2011). With the development of technology, Lasik has become more fast than before and it has been improved to be better (Wikipedia, 2011). The way the LASIK has affected peoples’ lives; . The majority of humans bother from wearing spectacles or contact lenses therefore they want to eliminate them by Lasik. Lasik has many positive effects on humans including that Lasik has ability to accurately correct most layers of Myopia, Hyperopia and Astigmatism. Moreover, its surgery occupies five to ten minutes with painless or very little pain. It is one of the easiest operations because it is operated by computer and does not require any stitches after it.One of the most important factors of Lasik that most patients are not longer needed corrective glasses. Conclusion How to cite Background information on how the development LASIK, Essay examples

Business Information Systems Through the Application of ICT

Question: Discuss about the Business Information Systems ICT. Answer: Introduction An Information system consists of an organized group of components that collect, organize, store and communicate information. Business information systems are the applications and programs that have been built to enable business digitize business processes, activities as well as outputs through the application of ICT. This report attempts to discuss the importance of information systems to businesses and their challenges to SMEs. The report will also touch on cloud computing, cloud services as well as recommendations to SMEs for implementing successful cloud computing. Necessity of information systems to todays business Operational excellence to achieve high efficiency and productivity levels, businesses ought to utilize information systems on a daily basis. For world-class operations using an information system, an organization ought to adopt proper business practices as well as ensuring that its managers are supportive of their adoption (Laudon and Laudon, 2014). Addition or implementation of new products and services adoption of information systems enable a business to implement and add new products or services eg Apple Inc built iPod through which it was able to distribute and sell music online (Laudon and Laudon, 2014). Promotion of customer and supplier relationship with the business if a business is able to properly understand its customers, it is then able to serve them well. This increases customer loyalty and hence continuous revenues and profits. Also with the supplier, increased engagement with them ensures a continuous supply of important inputs. To attain a reliable relationship with customers and suppliers, an information system would be imperative to include in the business. For example; high-end hotels have adopted the use of computers in to be able to track preferences of their guests such as check-in hour, temperatures in their rooms, favorite foods etc. The information systems are able to generate data which is analyzed by the hotel for targeted advertising (Laudon and Laudon, 2014). Decision making information systems are capable of providing a business with real time data which enables the management to make proper decisions such as to reduce or increase production as well as where to allocate resources depending on performance. Survival - information systems are themselves a necessity for doing business. These include ATMs in banks as well as X-Ray machines in hospitals (Laudon and Laudon, 2014). Trends in the business environment that make information systems essential Growth of cloud computing the emergence and growth of Software as a Service (SaaS) has been one of the major trends in the business environment necessitating the adoption of information systems. Tasks are now being performed by using applications and programs hosted on remote computers Big data this has led to the need for tools specialized in data management and handling. Huge volumes of data are being generated on a daily basis and this includes web traffic, social media as well as emails and documents generated by users or employees. Growth of mobile digital platforms these have emerged to compete with the desktop and personal computers as the next digital frontiers. For example, Apples iPhone and Googles Android devices such as phones, tablets/iPads are capable of downloading a large number of applications which support communication, services that are based on location and collaboration among teams within a business (Laudon and Laudon, 2014). Management challenges Information systems investment this involves organizations trying to obtain business related value from their information systems investment. The management of a business is always faced with the challenge of making proper returns from the information systems they have invested in. Strategic business this challenge involves trying to find out the complementary resources and assets which an organization requires in order to efficiently utilize information systems. Globalization this involves the attempt to understand the requirements of a system in global economic context or environment. Increase and growth of the international trade has led to the need for information systems that can support buying and selling in different countries. Considering the differences in culture especially language and politics, a business is forced to develop or purchase multinational software that consists of transnational processes that may be risky to transmit on international networks. IT Infrastructure investment challenge considering the rapid rate at which information technology is changing, the management is facing challenges in investing in information technology infrastructure which can still support the organizations goals in the face of the rapid changes. It is difficult to create digital infrastructure considering that operations in an organization are handled by different versions of computer hardware and software which may not be compatible. Ethics and security challenge this involves responsibility and control of information systems. The management is faced with the task of ensuring that once the information systems have been installed, they are used in an ethical and responsible manner as well as enabling people to control and understand them. Installation of information systems in an organization have led to new problems pertaining to ethics and security. They include threats to privacy of individuals who interact with the systems such as customers and suppliers. Other problems include intellectual property, health problems that are related to repeated use of computers, cyber crimes as well as loss of jobs. There is a persistent struggle in majority of organizations in trying to maintain security of their information systems. This includes protecting them from access by unauthorized outsiders, ensuring safety of inputs and protecting sending of wrong outputs (Samiappan, 2010). Cloud computing This is the consumption of computing resources over the Internet or remotely instead of building and maintaining computing resources locally (Bigelow, 2016). Types of cloud services Everything as a Service this is provided to all hardware and software users in order to control processes pertaining to their businesses. This includes interaction between customers as well as users or employees of the organization. Infrastructure as a Service this consists of computing infrastructure provided to the users of ZCM and it consists of virtual computing platforms which are networked for ease in access by users. Platform as a Service consists of the operating system and necessary software for success execution of business processes at ZCM. Software as a Service this involves deploying software that users at ZCM would need to use on remote servers instead of local servers. Hardware as a Service this is where ZCM will lease remote hardware for their use. Workplace as a Service ZCM can use this service to organize employee activities by through installation of necessary software required by the ZCM personel Data as a Service this consists of provision to ZCM of a storage space. They can use this space to store or backup large amounts of information imperative to them. Security as a Service Security as a service is provided thus helping their clients to save on the costs of installing and maintaining their own security systems. Therefore, ZCM products utilizing the web can easily be secured with the latest security systems which are up-to-date. (Ganore, 2012) Recommendations for implementing a successful Cloud computing for SMEs First finding out how the cloud service provider keeps data secure for the SME when an SME decides to use a cloud service, it should take upon itself to find out how secure is its data in the cloud. Most of the cloud computing service providers usually have complied with international standards of security including having personnel who are dedicated as well as qualified in security maintenance and troubleshooting. These service providers also have top-of-the-range security devices and procedures that are usually better than an IT departments security measures. Therefore, SME ought to review the security standards employed by the cloud service provider in order to be safe. Deciding on the data to be moved to the cloud this will involve an SME conducting a review internally with the stakeholders in order to identify what data to move to the cloud with respect to the vendors standards related to security and privacy compared to those of the SME. Reviewing the service level agreement the most important consideration to make would be on the guarantees available in the event of service outage. It is advisable to consider using more than one cloud service provider or using a service provider who has the services hosted across multiple regions. Development of a backup and disaster recovery plan data backup and/or redundancy should be well planned in order to ensure data is safeguarded in the event of a disaster. It is advisable to adopt those companies that enable regular export and secure backup in the cloud. Ensuring compliance with available privacy requirements the SME ought to ensure compliance with the regulations pertaining to the data hosted in servers within a country as well as those outside the country. (Galonis, 2011) Conclusion This report provides a discussion on information systems in business and cloud computing among SMEs. Considering that modern customers are tech savvy, it is important for business to shift to digital business practices in order to reap benefits of using information systems among clients who are knowledgeable of their importance and power. Cloud computing enable SMEs to save on costs that would have been incurred in the setup of local computing infrastructure that may end up being obsolete within a short time or requiring expensive upgrades. References Beal, V. (n.d.).What is Cloud Computing? Webopedia Definition. [online] Webopedia.com. Available at: https://www.webopedia.com/TERM/C/cloud_computing.html [Accessed 21 May 2017]. Bigelow, S. (2016).What is cloud computing? - Definition from WhatIs.com. [online] SearchCloudComputing. Available at: https://searchcloudcomputing.techtarget.com/definition/cloud-computing [Accessed 21 May 2017]. ?andrli?, G. (2013).Types of Cloud Computing Explained | GlobalDots. [online] GlobalDots - CDN, Security and Performance Solutions. Available at: https://www.globaldots.com/cloud-computing-types-of-cloud/ [Accessed 21 May 2017]. CargoSmartOn. (n.d.).Five Best Practices for a Successful Cloud Computing Implementation | CargoSmartOn. [online] Available at: https://www.cargosmarton.com/cloud-computing-best-practices/ [Accessed 21 May 2017]. Dusshopnobaz (n.d.).Why are information systems so important in business today. [online] Answers.com. Available at: https://www.answers.com/Q/Why_are_information_systems_so_important_in_business_today [Accessed 20 May 2017]. Galonis, C. (2011).10 Vital Steps For Successful Cloud Computing Implementation. [online] meshIP Blog. Available at: https://meship.com/Blog/2011/11/18/10-vital-steps-for-successful-cloud-computing-implementation/ [Accessed 21 May 2017]. Ganore, P. (2012).Types Of Services Offered By Cloud Systems | Cloud Systems. [online] Esds.co.in. Available at: https://www.esds.co.in/blog/types-of-services-offered-by-cloud-systems/#sthash.0FlV4Ee9.dpbs [Accessed 21 May 2017]. Kepes, B. (n.d.).Understanding the Cloud Computing Stack: SaaS, PaaS, IaaS. [online] Support.rackspace.com. 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