Collapse Case Studies Samples For Students

When the Huston Astros made a stadium naming deal with Enron the future looked bright. Enron was a company which was making a lot of dividends and a major player in the American economy. Association with such a company is prestigious and highly lucrative for any sports outfit. Enron however collapsed and filled the biggest bankruptcy in American history. This soiled the reputation of the Huston Astros that had affiliations with the company. To add insult to injury the reputation of Enron took a nose dive due to the manner in which the company collapsed. It was associated with insider trading and corruption. This further ...

Executive Summary

One Tel Communications was the fourth largest telecommunications company in Australia. It touches on matters regarding poor management, fraudulent misstatements, the use of remuneration packages for self-interest and lack of regard of accounting policies and legal regulations. These, together with other factors, have led the company to liquidation in 2001.
This report summarizes the key facts from the start of the company business, its capital structure, the people involved in the accounting scandal, the auditing scenario, factors that contributed to the business failure, the audit risks existing at that time, to the conclusion and possible audit procedures that ...

Colony collapse disorder refers to a phenomenon which entails a sharp, unusual decline in the number of bees in a colony. This phenomenon has raised great concerns in the USA in the recent past given that honey bees are a significant part of the US economy. Honey bees are involved in pollination therefore contributing to about one third of the US diet. Several causes have been identified as triggers of the phenomenon; most of which are under investigation. Among the causes identified are: genetically modified foods, pathogens, pesticides and antibiotics. Pesticides in particular are deemed to be a leading cause since pesticides such as ...

1. Introduction
The Enron collapse, occurred in October 2001, consequently caused the bankruptcy of the whole Enron Corporation, the world’s leading energy, commodities and services company, as well as the dissolution of Arthur Andersen, which was one of the top five largest audit and accountancy firms in the world. Noteworthy it was not only the largest bankruptcy proceeding in American history at that time, but also the most serious audit failure, so that one says, “Enron is fraud and fraud is Enron”. The rise of Enron was almost as fast as its failure. Actually, it was an ...

Enron Corporation, a company founded in 1985 and grew rapidly, gained wide media coverage as it hit a share price of $US90.75 in 2000. The company spread its business to various sectors over its short course of growth. The growth was attributed to its former CEOs Kenneth Lay and Jaffrey Skilling. However, the real picture was different, for Skilling and his team through their unethical accounting practices had been cheating Enron’s investors. They kept the firm’s huge debt hidden with intent to maintain the reputation of the company. Skilling and his colleagues verbally attacked the industry analysts ...

1. The name of the organisation, the industry it operates in and the issue relevant to ethics and corporate governance with which it was connected.
a. What were the conditions at the organisation that led to this example of poor corporate governance? (5 marks)
b. What were the outcomes for the board of directors, the shareholders, the staff of the organisation, its customers and the general public? (5 marks)
The processes and structures for control and direction of firms is corporate governance. It is concerned with the associations between board of directors, management, control of major ...

Current Situation

The situation presents the unethical practices by Enron’s Chief Financial Officer, Andy Fastow during a period of massive violations of ethical and accounting practices. Fastow started Special Purpose Entities (SPEs) such as LJM which unethically grew and boomed out of Enron’s shares and assets (Arbogast). There was a serious conflict of interest since Fastow owned a big share of LJM. Before I joined, Global Finance as lawyer in the Tax Department, I had heard of LJM being a special purpose vehicle to purchase assets from Enron. I obtained a memo addressed to Enron’s executives in which Fastow sought exemption from Enron’ ...

In the aftermath of the 2008/2009 global financial crisis, the economy of Cyprus was at the bleak of collapsing due to the imminent threat of collapsing banking system. The country had three major banks and two of them, which include Laiki and the Bank of Cyprus, were on the verge of collapsing. Cyprus was only a few years of being a member of the EU considering that it had joined the EU in 2008 (Nandita & Biswal, 2013). At the height of the crisis, the country hoped that the EU would come to its rescue, but this call came with ...

Abstract

Essential financial strategies are essential in the performance of an organization. In order to ascertain that the ideologies implemented in any corporate practice are worthwhile, any management needs to take into account ethical measures. The financial crisis experienced in the period between 2008 and 2009 is a worthwhile example of the effects of unethical business practices in the corporate field. Through the film Frontline: Inside the Meltdown, Michael Kirk seeks to explain the events contributing to the collapse of major companies such as Lehmann Brothers. In addition to that, some organizations that took a major blow as a result ...

Managing Organization Change

An organization’s existence and operation are always influenced and shaped by different environmental drivers that surround it. These drivers may have their genesis within and outside that particular organization. The sensitivity or insensitivity to these environmental dynamics may contribute to the survival or the fall of an organization respectively (Dixon & Day 2010, p. 275). The institutional environment is always changing with time and knowledge advancement. What may have worked and led to success in a given organization at one point may become outdated and obsolete. Failure of an organization to evolve in relation to these changes may result ...

Analyze and discuss the Bretton Woods Agreement and state what the agreement was for and why it was created. Include any difficulties they faced in getting society to agree with their proposal. Briefly describe the 'gold standard' evolution and collapse.
Response: World War II was over. Europe and Asia was in shambles, both in term of governance as well as from an economic standpoint. In order to resurrect Europe from the state that it was in, the Bretton Woods Conference took place in July 1, 1944. Apart from replacing the gold standard with the American dollar, the conference also ...

Human Geographical Factors and Social Systems

Human Geography is defined as the activities of human beings and its impact on the society and the earth in general. Human geography is a key indicator and pointer that can and has been used to explain trends in societies and communities. According to Jared Diamond, societies and how they rise and collapse can be linked to a number of human geographic factors which influences the way societies are ran and can be analyzed. This is mainly due to the fact that society is based on livelihood and a reliance on the environment. Thus, human geography identifies these collective ...

Introduction

In his case, Ferrell (2012) discusses Enron Corporation from when it was formed, when it collapsed and all that followed after its collapse. Enron Corporation is an American company headquartered in Houston, Texas. This company was formed in the year 1985 through the merging of two gas pipeline companies. Enron Corporation deals in products and services such as natural gas, and also electric power generation and distribution. However, in the year 2001 when Ken Lay was the Chief executive officer and at his time of his stepping down, Enron was faced with financial problems which eventually led to its ...

Corporate Social Responsibilities and Ethics

The concept of (CSRs) means that companies, organizations and/or societies have both societal and ethical responsibilities stretching beyond their existing economic responsibilities (Tuan, 2012). It requires these organizations to elaborate how they understand their responsibilities in efforts to including other stakeholders like customers, employees, local communities, customers, state governments, suppliers, international organizations among others. CSR stresses the need for organizations to behave like good corporate members of the society or citizens, by not only complying with laws and policies but also conducting their activities in ways protect the environment and other resources. Ethics may be seen as the fundamental ...

Today, almost seven years after the financial crisis that threw America into upheaval in 2008, the effects are still being felt. In September 2008, the collapse of Lehman Brothers, a global bank, nearly caused the collapse of the financial system of the entire world. What resulted was the worst economic downturn seen by the world since the Great Depression, 80 years ago. The event has been called the Global Financial Crisis and the 2008 Financial Crisis; the period following the collapse became known as the Great Recession.

While the ...

Lehman Brothers Holdings Inc. was ranked as the fourth largest bank in the US before it declared bankruptcy in 2008. The company was dealing in investment banking, equity and fixed income-income sales and trading, research, investment management, private equity, and private banking. A significant number of clients withdrew their accounts from Lehman Brothers and the share price of the stocks fell at an exponential rate. Consequently, on September 15, 2008 the company filed for bankruptcy under Chapter 11. Lehman Brothers played a major role in the recession of the late 2000’s which drastically affected the entire country. The company ...

The major cost factor that contributed to the choice of chief information officer (CIO) is the low operational cost of IT infrastructure at USA Group than at Sallie Mae. The executive group from the Sallie Mae made a choice based on whose IT organization is better in terms of management and cost of operations. Creg Clancy happened to be the former chief information officer at USA group. This company had several dollars portfolio of student loan hence was larger than Sallie Mae. The company therefore invested $100 million in the information technology five years prior to its merger with the ...

The study of Bear Stearns abrupt fall and demise reveal the importance of credibility for a financial institution in a specific sense irrespective of its robustness. A business in general could fall if credibility and illiquidity become questionable. Bear Stearns is the first ever major investment bank to fail during the global financial crisis (Li and Mizrach, 2010). The 85 years old firm has survived a number of economic turmoil and recession, yet it fell when it was least expected to fall. A number of factors become apparent when studying the Bear Stearns demise, and these include the role of management, illiquidity, ...

[University]

Sunshine Skyway Bridge Disaster of 1980 – An Engineering Failure

Highway bridges on navigable waterways are at risk from vessel collision. Since they are primarily built to let vessels pass through, design considerations should include the probability of a major collision of its structural members from a passing vessel. There are several factors why vessels may come in contact with a bridge’s structural member. The deviation of a vessel from its path may be caused either by human error, mechanical error or may result because of adverse environmental conditions. Indeed, the collision of M/V Summit Venture with the pier of the Sunshine Skyway Bridge was due to poor vision because of a “ ...

Fig 1: NDRC Techniques

Introduction

Non-Disruptive Road Crossings are manuals which outline unifying and standardizing measures of Road Engineering Practices. The significant objective of the project is to enhance the management, planning, design, construction, maintenance, and operation of all roads and related infrastructures to ensure a safe and uniform operational and structural capacity throughout the road network in Dubai. The complexity in road construction and to some point other engineering projects leaves very little to be argued about on their significance with respect to the influence they have on the environment. It is a fact that projects like roads, bridges, and dams ...

There are several explanations of financial crises in terms of adherents of various economic theories. Keynesian explanation is the lack of money. That time the money was tied to gold reserves that limited the money supply. Production grew and this eventually led to deflation and falling prices, which led to insolvency of many companies, decline the value of their shares and as a result - the collapse of the stock market. Proponents of the monetarist theory associated the stock market crash with such actions of the U.S. government like increasing the money supply, which led to depreciation of assets and ...

Enron

Executive Summary
Introduction
Accounting and Finance are two important things from the standpoint of an organization and both of these concepts found exceptionally wonderful as far as operating an organization is concerned (Warren, p.119). Organizations usually have number of departments under one roof and every department is held responsible to play its part for the economic prosperity of the company. Accounting is the name of recording and interpreting the day to day transaction of an organization, while finance is the name of utilizing the funds of a company at an appropriate place from where the likelihood of earning ...

Writer’s intent

Seven years when the very fact, the story of the meteoric rise and future fall of the Enron Corporation continues to capture the imagination of the final public. What very happened with Enron? Outside of these related to the company world, either through business or education, comparatively few folks appear to possess an entire sense of the myriad folks, places, Associate in nursing events creating up the sixteen years of Enron’s existence as a yank energy company.
Some argue Enron’s best bankruptcy and ultimate death was the results of an absence of moral company behavior attributed, additional ...

Atari Rapid Growth

Atari’s rapid growth is attributed to the decision of its founder to transform the traditional gaming machines into a smaller home machine. Bushnell compressed the coin-operated Pong game into a smaller home system. The Atari 2600 was the most successful home based gaming system that used cartridge.

How Did Ninitendo Successfully Recreate the Home Video Game Business Following the Atari - Era Boom and Bust?

After the boom and bust of the Atari, Nintendo focused on a diversification strategy. Initially, the company focused on the production of playing cards before the diversification to the production of the video game business. As such, the organization acquired a licensing to produce video games from Magnafox, which led to ...

Monomorphic Ventricular Tachycardia

Cardiac arrhythmias often require immediate medical care that may include resuscitation (Ray, 2004). The diagnosis of cardiac arrhythmias can be challenging particularly in situations whereby the patient is asymptomatic and ECG findings are normal between symptomatic episodes (Cruickshank, 2008). Distinguishing between supraventricular and ventricular tachycardia is also a challenge (Australian Resuscitation Council, 2008). Cardiac arrhythmia should be suspected in patients with a history of syncope, near syncope, palpitations, and/or chest pain (Cruickshank, 2008). This paper will justify why monomophic ventricular tachycardia is the most likely diagnosis of a male patient who collapsed abruptly and has hypotension (BP 63/38), tachycardia ( ...

Company and situation

According to Biegelman and Bartow (2012), WorldCom Group began in 1983 following the breakup of AT&T. It began as Long Distance Discount Services (LDDS) offering telecommunication services to local retail and commercial customers in the Southern States where the two major telecommunication companies – Sprint and MCI had little presence. The company grew by acquiring other companies and in 1993 it was declared the fourth largest long distance carrier in the US (Biegelman & Bartow, 2012). It was officially renamed WorldCom in 1995 and continued a period of great acquisitions of more than 60 companies. However, between 1999 and 2002, the ...

Problem Facing the Firm

The Global Management Company, the Japanese Equities Fund’s investment manager, was facing a problem of the rise in the hot money rapid movement out of and in the Fund. As reported in the case, the Japanese Equities Fund had faced considerable cash outflows and inflows from the investors. David Smith, the Japanese Equities Fund’s portfolio manager, alleged that the stockholders were trying to raise their profits through timing the stock exchange market. In other words, these shareholders were trying to take the advantage of the difference between the New York and Tokyo Stock Exchanges’ closing times. Sofia ...

Question 1. The Article

“Clarity on Honey Bee Collapse?” is an article which tackles about the possible explanation on why honey bee colonies are rapidly decreasing.

Question 2. Type of Source

The source is a scholarly article in traditional print source. It is supported by scientific evidences and the article is under the provisions of a scientific journal. Moreover, it is featured in a science book; therefore, the source is highly credible (Purdue Online Writing Lab).

Question 3. Varroa destructor

a. Varroa destructor is a mite of the class Arachnida. Further classification states that it belongs to the subclass Acari (Bug Guide).
b. The source for the answer in (a) can be ...

Part 1

One of the techniques that I would suggest for the team would be to use documentation that will be based on the stage of the development. The standards that will be followed will describe some aspect of systems that have been developed. This will mean that having systems requirements specification documentation, architecture documentation, technical documentation, and user documentation. With this, it will be simpler and easier to manage the different types of documentation with the development of different systems in the organization. There documentation process of the company will follow a specific format and process. The suggestions imply that there ...

Rail construction is a sequence of steps that takes laborious amounts of time in each step and finally results in a wonderful and safe system for transport for many decades to come that requires minimal maintenance over that period. The first step in the construction process is the approval for new line itself. This is typically the responsibility of the government to do it. Once a approval is given for rail connectivity between two points then the role of engineering kicks in.
The first step in the process is the alignment. Alignment is nothing but the path in which the track ...

Introduction

Question 1. how and why the incident happened (what conditions allowed the incident to happen)?
Hiroshima is located in the west of the largest Japanese island of Honshu. The town's name translates as "Wide Island". It is so named because the bayou Ota, flowing from the mountains to the plains Chugoku, where the Hiroshima formed at the confluence of the Inner Sea 6 islands protrude into Hiroshima Bay. They located the city. Hiroshima worth almost entirely in the valley, only slightly above sea level; to the north-west and north-east lie the hills, up to 700 feet (Rotter, ...

Introduction

Family businesses are an important part of economic development and prosperity. Many people have established family enterprises in order to experience economic growth. However, the management of family businesses is not easy. Businesses owned by members who share family relations are very challenging to manage. Apart from the business issues that arise from time to time, there are family issues as well. Some of the most striking challenges in running family businesses include succession disputes, family conflicts, gender disputes in the management position, financial weaknesses, mismanagement, work relationship among others (Davis). It is important to keep i9n mind that ...

Introduction

Tourism in Greece is one of the most important industries which have been able to boost its national growth. The industry has been rated to contribute more than 15% of the country’s output annually making it the most popular industry. This is based on the many beaches and the Mediterranean coastline which is a geographical advantage to the country. The country which is based in Europe has a rich history as the natives have retained their culture, thus attracting tourists. This has created a base for approximately 17.5 million visitors who originate from all walks of the world (Bramwell, 2004). It ...

- THE CHANGE MANAGEMENT PROCESS

PROCEDURE “prepare for change”

- Selection of a team to spearhead the changes that it anticipates to implement at the company.
- Restructuring of the management- The management of J & T Bank should collaborate with the selected team and all employees to establish whether to centralize or to decentralize the bank’s management in order to achieve its strategic goals.
- Evaluation of the Human Resources Department- The selected team should establish the faults and causes of complaints among sections of its human resources. This will serve as a basis of equalizing human resource functions at the branches ...

Before the success of the book three cups of tea the company put in place many measures that will ensure that the organization fund are not misused in any way. Some of these measures are;
- The organization employed a competent chief financial officer who did her work with a lot of competence and integrity that it deserve, we are told in the case that the chief financial officer resigned her job after been frustrated by the management laxity to implement measures that will ensure stringent financial control, this demonstrate the competence and integrity of the financial officer.
- ...

Multi Agency Coordination

Multi Agency Coordination
As police officers responded quickly after the first plane crashed on the first WTC tower, there was no concrete plan what are they going to do, given that no one was expecting that kind of tragedy other than the terrorists themselves. After the first plane crash, police and the rescuers just did what the usual standard operating procedure was. They were not able to detect why the plane crashed on the first tower, they did not know that there was another plane crash approaching few hours after the first, and they did not know the ...

A decade ago, the idea that medical procedures might move offshore was unthinkable. Today it is a reality. What trends have facilitated this process?
The idea of medical procedures moving offshore is a reality because the United States is experiencing shortages of their radiologists and their doctors, whose responsibilities entail reading and interpreting dissimilar medical images including the X-rays, CT scans as well as the ultra sounds. This is so because the sector is experiencing high demands of radiologists compared to the rate at which the radiologists are graduating from the medical schools. Therefore, the existing imbalance has enabled the ...

Background

Renault and Nissan Company fall under automotive industry. It is an international company targeting both local and international customers. In 1999, Nissan experienced several challenges such as debt burden, declined market share, less future prospects, and bloated structure of supply chain. Renault, on the other hand, wished to fight intense rivalry that had emerged at that time, globally. The company’s product line was also ageing and its profitability had also gone down. Mergers and acquisitions appeared to be the only solution following declined returns and competition (Ramaswamy 1).

North America and Europe provided the largest market for the ...

Introduction

After assumptions of the trappings of the eastern despotism i.e. during dominate, the office of the emperor of Rome faced several turbulent occasions. The barbarian kings started manipulating the western kings about the succession of the emperor while in the Byzantine emperor found it very hard with the autocratic trappings that were taking place in the East and which had consolidated support.
The post republican period that existed after the civilization was dominated by the Roman Empire. The Roman Empire was characterized by vast territorial holdings both in Europe and the Mediterranean with an autocratic form of governance. ...

After working for a big Accounting firm for six years, Amanda Smith decided to start her own accounting and tax returns firm. Initially she had one employee but the departure of a major competitor signaled an increase in clients and compelled Amanda to employ three more accountants. However, after a few months, complaints on tax returns started troubling Amanda and her company is on the brink of collapse. This paper seeks to make recommendations to Amanda on the five facets of management that she ought to polish up to ensure an upturn in fortunes for Smith’s Accounting and tax Returns. The ...