Business Failure of Worldcom in the Light of...

Running Head: Examining Business Failures Business Failure of WorldCom in the Light of Organizational Behavior Theories Abstract Business failures occur usually due to lack of organizational leadership and unethical practices prevalent within an organization. Managers and leaders tend to be a lighthouse for any organization and if they adopt unethical ways, then the entire organization suffer from extreme loss and disgrace. WorldComs bankruptcy scandal is a big example of business failure which was linked to leadership, management style and organizational behavior prevalent within the organization. The failure could not be attributed to poor financial position or downfall of telecommunication, but it was due to poor corporate governance and companys growth strategy through acquisitions. However, these drastic failures could have been predicted if organizational behavior theories and leadership and management styles were utilized properly. This paper discusses what failure was actually encountered by WorldCom and how several leadership techniques and organizational behavior techniques could have used to prevent the failure. WorldComs Business Failure WorldCom used fraudulent account practices for more than four years which lead the company towards the biggest bankruptcy in American history in 2002. WorldCom successfully acquired 65 companies and accumulated a debt of $41 billion. The company suffered a loss of $73.7 billion before it declared bankruptcy inShow MoreRelatedDavid Myers, Worldcom1778 Words   |  8 PagesIntroduction WorldCom was America s second largest telecom company in 2000 (The WorldCom Accounting Scandal, 2002). Making a modest beginning in the hinterland of Mississippi in 1983 with a meager capital of less than 100,000 USD it reached the pinnacle of corporate success reporting more than USD 39 billion in revenue and USD 150 million in MCAP (The WorldCom Accounting Scandal, 2002). In the process it became 42nd in the Fortune 500 list. Under the leadership of CEO Bernie Ebbers it grew rapidlyRead MoreGeneral Motors Cultural Issues Related On Leadership Transparency1789 Words   |  8 Pagesshut down without warning. According to reports, the failure caused at least thirteen deaths stretching back to the year 2003 (Baldoni, 2014). It is understood that mistakes will happen from time to time, but operational transparency is key to avoiding mishaps and serious failures that result in death or even criminal charges. As the newly appointed CEO of General Motors, it now becomes my responsibility to change the culture of the business and improve the organization’s reputation and socialRead MoreIs Accounting Information Always Represent Fair And True Perspective?1960 Words   |  8 PagesAccounting is denoted as the language of business. There are two basic functions of accounting, one is the measurement of organizational activities and second is communication of these measurement with people in society. People in society need this information to make well informed decisions regarding companies in order to allocate resources (Williams et al., 2009). Furthermore, Mayer and Huinink (1990) argued that; in a society social entities (i.e. people/government/ creditors/ investors etc.)Read MoreEnron: An Ethics Case Study1834 Words   |  8 Pagessaid in this regard that a career without scandal is not a career at all. Rather than wasting time worrying about encountering such scandals, a good execu tive would be better-advised to focus all efforts toward making it through them when they come. Failure in this regard would, among other things, spell doom with respect to the existence of the company itself. Among the most disappointing and tragic examples of this is the case of World Championship Wrestling which, thanks to a combination of mismanagementRead MoreUnethical Behaviour12228 Words   |  49 PagesThe Perfect Storm of Leaders’ Unethical Behavior: A Conceptual Framework Diane J. Chandler Regent University School of Divinity, United States Unethical behavior of leaders has consequences for leaders themselves, followers, and their respective organizations. After defining relevant terms including ethics, morality, and ethical and unethical leadership, a conceptual framework for the unethical behavior of leaders is proposed, which includes the three â€Å"perfect storm† dimensions of leaders, followersRead MoreCorrelation Between Corporate Transparency N Business Performance3603 Words   |  15 Pagestransparency and business performance. Is there a relationship between good governance and on-going business practices? What criteria are or should be considered? Ranjitha Subramanya MBA 600 Capital University Ranjitha Subramanya MBA 600 Final paper 1 TABLE OF CONTENTS Contents Abstract Corporate governance Organization for Economic Co-operation and Development (OECD) principles, objectives and standards. Transparency in doing business and its impact on the business performance. BackgroundRead Moreâ€Å"Corporate Social Responsibility and Younger Generation Employees†3503 Words   |  15 Pagesâ€Å"Corporate Social Responsibility and Younger Generation Employees† Authors: Mrs. Mrinal Sanjay Rao, Mr. Masarrat Raj Assistant Professor Student of PGDM (Finance) Sinhgad Institute of Business Administration and Research, Kondhwa (Bk), Pune. Abstract: Today when competition has reached its peak, anything that gives competitive advantage is a matter of concern for the corporations. In such a situation, when businesses have realized that they owe something back to the societyRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesOrganizational Behavior This page intentionally left blank Organizational Behavior EDITION 15 Stephen P. Robbins —San Diego State University Timothy A. Judge —University of Notre Dame i3iEi35Bj! Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Editorial Director: Sally Yagan Director of Editorial Services:Read MoreManagement Course: Mba−10 General Management215330 Words   |  862 PagesManagement Course: MBA−10 General Management California College for Health Sciences MBA Program McGraw-Hill/Irwin abc McGraw−Hill Primis ISBN: 0−390−58539−4 Text: Effective Behavior in Organizations, Seventh Edition Cohen Harvard Business Review Finance Articles The Power of Management Capital Feigenbaum−Feigenbaum International Management, Sixth Edition Hodgetts−Luthans−Doh Contemporary Management, Fourth Edition Jones−George Driving Shareholder Value Morin−Jarrell LeadershipRead MoreThe Effects of Ownership Structure, Board Effectiveness and Managerial Discretion on Performance of Listed Companies in Kenya27922 Words   |  112 PagesPhilosophy (Ph D) in Business Administration, School of Business, University of Nairobi, Kenya. 2008. DECLARATION I declare that this thesis is my original work and, to the best of my knowledge, has not been submitted to any university for a degree. ONGORE VINCENT OKOTH Date REG. NUMBER: D80/8987/2001 This thesis has been submitted with our authority as the candidate’s appointed university supervisors. PROF. PETER O. K’OBONYO, Ph D Date Department of Business Administration

Richard Attenborough s Film Gandhi - 1007 Words

The topic assigned to our group was Celebrity. So we were supposed to select a narrative that talk about the same. According to Oxford dictionary celebrity means someone who is famous or the state of being famous (in today s world Celebrity is usually used to identify someone in sports or entertainment sector). A political leader seemed to be a celebrity according to this meaning and that is the reason why I selected Gandhi, as celebrity. The specific text that I worked on was Richard Attenborough s movie Gandhi released in the year 1982. There are lot of other sources about Gandhi. One could work on Gandhi s autobiography or other forms of literary narratives that explains Gandhi as a celebrity. But a movie about Gandhi seemed†¦show more content†¦As mentioned before, there are some alterations to the actual story of the movie along with some factual errors presented in the movie. The story of the movie, as the name suggests, is about Gandhi the political leader. To na rrow down further, the director of the movie is looking only at the political aspect of Gandhi. Here other aspects life the social life, moral life and religious aspects are omitted. These aspects about Gandhi are also important while talking about the story of Gandhi the person. Talking about the story of Gandhi-the movie, the time-line starts with Gandhi s youth and days he worked as a lawyer in South Africa. Therefore the director is not mentioning anything about the childhood and teenage of Gandhi or his family background. It is not a complete biographical movie as it is neglecting the initial years of the protagonist, in its narration. The plot can be easily distinguished from the story of the movie. The plot of the movie begins with the final moments in Gandhi s life. The movie begins with the shot where Godse approaches Gandhi and kills him. Then the story flashes back to 55 years. It shows how a 23 year old Gandhi is facing racial discrimination during a train journey (1893- South Africa). Most of the scenes shown in the movie is part of this flash back. The jump fromShow MoreRelatedRichard Attenborough s Film Gandhi1098 Words   |  5 PagesRichard Attenborough’s film Gandhi (1982) unveils the saga of the greatest Indian freedom fighter and political activist Mahatma Gandhi. Attenborough presents a realistic and chronological record of the events in Gandhi’s life related with Indian Independence Movement. He made Ben Kingsley, the popular British actor enacting the role of Gandhi. The film opens by showing the end of Gandhi, after being shot by a Hindu fanatic and his burial with thousands of people mourning. The burial scene of Gandhi

Part Five Chapter V Free Essays

V Krystal was walking along Foley Road in the early morning sunlight, eating a banana. It was an unfamiliar taste and texture, and she could not make up her mind whether she liked it or not. Terri and Krystal never bought fruit. We will write a custom essay sample on Part Five Chapter V or any similar topic only for you Order Now Nikki’s mother had just turfed her unceremoniously out of the house. ‘We got things to do, Krystal,’ she had said. ‘We’re going to Nikki’s gran’s for dinner.’ As an afterthought, she had handed Krystal the banana to eat for breakfast. Krystal had left without protest. There was barely enough room for Nikki’s family around the kitchen table. The Fields were not improved by sunshine, which merely showed up the dirt and the damage, the cracks in the concrete walls, the boarded windows and the litter. The Square in Pagford looked freshly painted whenever the sun shone. Twice a year, the primary school children had walked through the middle of town, crocodile fashion, on their way to church for Christmas and Easter services. (Nobody had ever wanted to hold Krystal’s hand. Fats had told them all that she had fleas. She wondered whether he remembered.) There had been hanging baskets full of flowers; splashes of purple, pink and green, and every time Krystal had passed one of the planted troughs outside the Black Canon, she had pulled off a petal. Each one had been cool and slippery in her fingers, swiftly becoming slimy and brown as she clutched it, and she usually wiped it off on the underside of a warm wooden pew in St Michael’s. She let herself into her house and saw at once, through the open door to her left, that Terri had not gone to bed. She was sitting in her armchair with her eyes closed and her mouth open. Krystal closed the door with a snap, but Terri did not stir. Krystal was at Terri’s side in four strides, shaking her thin arm. Terri’s head fell forwards onto her shrunken chest. She snored. Krystal let go of her. The vision of a dead man in the bathroom swam back into her subconscious. ‘Silly bitch,’ she said. Then it occurred to her that Robbie was not there. She pounded up the stairs, shouting for him. †M’ere,’ she heard him say, from behind her own closed bedroom door. When she shouldered it open, she saw Robbie standing there, naked. Behind him, scratching his bare chest, lying on her own mattress, was Obbo. ‘All righ’, Krys?’ he said, grinning. She seized Robbie and pulled him into his own room. Her hands trembled so badly that it took her ages to dress him. ‘Did ‘e do somethin’ to yer?’ she whispered to Robbie. †M’ungry,’ said Robbie. When he was dressed, she picked him up and ran downstairs. She could hear Obbo moving around in her bedroom. ‘Why’s ‘e ‘ere?’ she shouted at Terri, who was drowsily awake in her chair. ‘Why’s ‘e with Robbie?’ Robbie fought to get out of her arms; he hated shouting. ‘An’ wha’ the fuck’s that?’ screamed Krystal, spotting, for the first time, two black holdalls lying beside Terri’s armchair. ‘S’nuthin’,’ said Terri vaguely. But Krystal had already forced one of the zips open. ‘S’nuthin’!’ shouted Terri. Big, brick-like blocks of hashish wrapped neatly in sheets of polythene: Krystal, who could barely read, who could not have identified half the vegetables in a supermarket, who could not have named the Prime Minister, knew that the contents of the bag, if discovered on the premises, meant prison for her mother. Then she saw the tin, with the coachman and horses on the lid, half-protruding from the chair on which Terri was sitting. ‘Yeh’ve used,’ said Krystal breathlessly, as disaster rained invisibly around her and everything collapsed. ‘Yeh’ve fuckin’ – ‘ She heard Obbo on the stairs and she snatched up Robbie again. He wailed and struggled in her arms, frightened by her anger, but Krystal’s grip was unbreakable. ‘Fuckin’ lerrim go,’ called Terri fruitlessly. Krystal had opened the front door and was running as fast as she could, encumbered by Robbie who was resisting and moaning, back along the road. How to cite Part Five Chapter V, Essay examples