THE SCANDALOUS FALL OF ENRON
A Call for Ethical Re-positioning in Business
Keywords:
Fabricated Excellence and Collapse of Enron, Role of Government in the Fall of Enron, Immediate Effects of the Fall, Significance of Ethical Re-positioning in Business, Refined Notion of Justice, Raising Standards in Business and Ethical Re-positioningAbstract
Business is an art as well as a science. As an art it needs deep concentration and dedication. Its scientific nature demands logic and orderliness. Healthy synthesis of these factors in a harmonious way is very essential for the success of any business. The example of Enron, however, projects a reverse order, that is, it tends to showcase how malpractices can create an apparent boom in business and veil it with fabricated excellence. Such tendencies produce only short-lived bubbles of prestige in business and in society. They are actually deviations from the right track. In such a context, I suggest an ethical re-positioning in business, that is, we have to re-assert the values which enhance business and the well being of society. The relevance of this re-assertion of values is explained here with the example of the scandalous fall of Enron. Though its fall took place a couple of years ago, its ethical implications are still significant for analyses.
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