The Culture And Dynamics Of Conflict - 2083 Words

STRATEGY 1: UNDERSTAND THE CULTURE AND DYNAMICS OF CONFLICT The company Enron was formed in 1985 after two natural gas companies, Houston Natural Gas and InterNorth merged together. Kenneth Lay, former chief executive officer of Houston Natural Gas was named CEO of Enron and a year later, Lay was assigned to the chairman of Enron. A few years later, Enron launched a website to allow customers to buy stock for Enron, making it the largest business site in the world. The growth of Enron was rapid; it was even named seventh largest company on the Fortune 500 list; however things began to fall apart in 2001. (News, 2006). In the third quarter of that same year, Enron posted an enormous loss of over $600 million in four years. This is one of the reasons why one of the top executive resigned even though he had only after six months on the job. Their stock prices fell dramatically. Eventually, Enron filed for bankruptcy protection. This caused many investors to lose money they had invested in the company and employees to lose their jobs and their investments, including their retirement funds. The filing of bankruptcy and the resignation of one of the top executives, also led to an investigation by the U.S. Securities and Exchange Committee, which proved to be one of the biggest scandals in U.S. history. (News, 2006). All former senior executives stood trial for their illegal practices. Reasons for Enron’s demise included the conflict of interest where the auditor,Show MoreRelatedA Research Study On Transformational Leadership And Conflict Essay1008 Words   |  5 Pagesrecorded, personal one-to-one interview that followed a structured protocol. The collection of transcripts allowed for adequate review and selection to explore the purpose of transformational leadership and conflict. Transcripts were selected based on the number of times the word â€Å"conflict† appeared in the participant’s comments. The study will be limited due to the small heterogeneous sample of participants. Setting Title Role Years of Experience Gender Hospital Senior Vice President HumanRead MoreConflict Between Conflict And Conflict Management845 Words   |  4 Pagesâ€Å"People are afraid of conflict because they do not have essential skills to manage it well.† This is true because according to O’Grady and Malloch (2016), conflict is reflection of an insufficient knowledge of the dynamics of conflict and a lack of capability in its management. In the case of Nancy, perhaps she needs to undergo specialty training or classes about conflict management in order to improve their unit’s dynamic or interaction. 2. â€Å"If you engage with conflict too early, there is a chanceRead MoreThe Cultural Values Of An Organization Essay1615 Words   |  7 Pagesorganization by analyzing symbols, ceremonies, dress, or other observable aspects of culture in comparison to an insider with several years of work experience? Select a percentage (e.g., 10%, 70%, etc.) and explain your reasoning. Organizational Culture An organization’s values and norms that guide decisions and are shared throughout the members is the culture of the organization (Daft, 2016, p. 386). Moreover, this culture helps assimilate new members of the organization, as well as assists members ofRead MoreIdeo s Creative And Internal Systems Culture1483 Words   |  6 Pagesalso helping other organizations build this creative and internal-systems culture [3]. Ultimately, IDEO’s start-up oriented hot teams are the key to the success of IDEO. I argue, however, that IDEO has taken the concept of team dynamics to an entirely new level, using diversity as a broader concept of inclusion that speaks to the quality and effectiveness of their teams and ultimately the company itself. 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On the other hand group, therapy is a type of psychological therapy that isRead MoreCompare and Contrast of the Arguments in Huntingtons The Clash of Civilizations and Saids The Clash of Ignorance1158 Words   |  5 Pagesarticle. In fact, the â€Å"civilizational† approach of conflicts today is now intrinsically linked to a comprehensive theory of international relations, which Samuel Huntington has developed by giving it an important value and a dominant paradigm Reacting to the theory of Fukuyama, Samuel P. Huntington resumed the expression Clash of civilizations in 1993 and speculates that it is mainly cultural and religious identities which will be the source of conflict in the world of the post-Cold War in the futureRead MoreThe Philippine Philippines Culture And Culture Essay1329 Words   |  6 PagesPhilippines is a country deeply rooted in culture. The Army defines culture as a â€Å"dynamic social system† containing the values, beliefs, behaviors, and the norms of a â€Å"specific group, organization or society or other collectively† learned, shared, internalized, and changeable by all members of the society (FM 3-24 COUNTERINSURGENCY, 2006). Cultures have different characteristics which consist of shared, learned, symbols, integrated and dynamic. Culture The Philippine islands are broken intoRead MorePost Colonial Laws On Natives Rights : Folly Or Fair Play?1463 Words   |  6 Pagestraditional perspective and examines the dynamic between the aristocratic superpower and the subdued and dejected local inhabitants. This dynamic not only includes the effects of direct colonialism from the colonizers, but the post occupational ramifications on the colonized. (Dobie 208-209) The relationship between the colonizers and the colonized is mainly formed from a forced encounter of violence. The colonizer and pre colonized face off in numerous conflicts and skirmishes to decide the fate of