When the Enron Corporation went bankrupt in 2001,this collapse was the largest corporate failure in history and the name has since become synonymous with corporate fraud.Enron's board of directors failed to monitor,question,or analyze Enron's management and business practices,and billions of dollars' worth of unscrupulous activities were conducted to make Enron look more financially stable than it was.Though the board had access to evidence that something was wrong with Enron's business practices,a culture had developed in which conformity was encouraged and diverse views not acceptable.What might Enron have done differently to prevent this kind of culture?
A) Have an impartial leader.
B) Bring in outsiders to offer opinions.
C) Provide an environment where individuals can dissent.
D) All of these.

Question

Quizplus · Accepted Answer

Enron could have done all of these things to prevent the culture of conformity that led to the fraud. Having an impartial leader would have prevented the board from being influenced by a strong personality or agenda. Bringing in outsiders to offer opinions would have introduced fresh perspectives and potentially identified issues that the board was not aware of. Providing an environment where individuals can dissent would have encouraged open communication and allowed for diverse viewpoints to be heard, preventing the kind of groupthink that led to Enron's downfall.

When the Enron Corporation Went Bankrupt in 2001,this Collapse Was