The Enron Through Training: Avoiding Problems Research Paper

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Introduction

Enron Corporation was one of the leading energy companies in the United States; it was dealing with electricity, gas, pulp, paper and communication facilities in the entire United States economy and overseas market. In the year 2001, Enron was involved in the biggest scandal that has never been seen in the United States; in the same year it was declared bankrupt (Cruver, 2002). As the scandal was revealed, Enron shares drop was really frustrating; Enron’s plunge occurred after revelations that much of its profits and revenue were the result of deals with small organizations in which it has control over. It was also revealed that the financial loses that Enron suffered including its debts were not featuring in its financing books (“Once mighty Enron strain over inquiry”, 2001).

Therefore it is very important to have every employee of a given organization to undergo training so that they are aware of the organization culture, a culture that is known for only positive actions, whether in the corporate world or within the organization itself, the following steps and training are very necessary for any organization that is keen to make it successful to the corporate world.

Putting Safe Measures in Place after Examining the Ethical Climate

Every organization or corporation has their own culture, culture is the way people within a certain diameter do their own things, they way they carry themselves out is determined by what has been put down by the organization, and that’s their culture. Therefore it is very important for managers to be aware of the organization culture so that it can be easy for them to pass it over to the employees.

Any employee of an organization is supposed to be aware of the culture of where he or she is working, certain values should be taught to the newly employed employees so that they grow with certain standards that are realized in the organization. If by mistake positive culture is not cultivated within an organization, there is always a possibility of negative practices taking place within an organization and this is a practical example of how Enron management did not put emphasis on the corporation culture, it made the organization a weak penetration for fraud of the highest order in 2001.

In addition a good culture within an organization should be able to recognize the efforts made by the employees; therefore they should be rewarded for making the company successful everyday so that it should not de-motivate them, making them develop a negative culture within the organization. Since culture is learned and shared, any negative culture that is developed by an employee can be easily passed to others quickly and within a short time the organization is under threat of mismanagement and lack of direction. Therefore it is a very necessary step for any management of an organization to conduct a formal assessment of their ethics and practices (Arbogast, 2007).

Staff training

Various research carried out by many management specialist shows that any established company is not categorized basing on the formal structure in place but by kind of established corporate culture it has as well as the kind of human resource management system it has incorporated, all this calls for proper training of the staff on the existing corporation and how they can be able to practice them day in day out when they are in their various departments.

Organizations with a well established training culture have been shown to have employees who take pride in their organization, (Bruce, 2004), they show this when they come early to work, when they work on a task from start up to completion. Any organization that is listed as a public corporation should have a regular review system to ensure that the corporation code of ethics are followed to the latter, the code should be dynamic to embrace the changing times and technology.

There are many types of training methods that are available to any organization that is committed in their employee development but the most useable techniques are the on the job and off the job methods. There are at least two kinds of training at the disposal of small businesses; the type of training method to use depends on many factors, such as where the training is taking place and the reason why such training is occurring.

Training Technique at the Workplace

Training at the place of work is the kind of learning a worker is given to enhance his skills on a given job activity. It involves orientation to a specific work and being drilled on how to do it by another experienced colleague. This means that the employees do not loose time while they are learning. Employees are informed when a planned training schedule has been drafted, this will enable him to also plan for some time to complete his or her normal work. This kind of staff training creates an enhancement of the skills learned in the former training sessions.

Off Work Refresher Training

Off work refresher training enables a worker or a staff member of an organization to learn all he or she should know about his or her place of work or new work station.

Use of simulations and Role plays in training

This kind of training involves seeking of possible problems and the related alternative solutions are discussed at length. The old employees can have sufficient exposure and learn quickly on how to improve their job.

Use of visual media for training

Use of visual media to facilitate staff or workers training is a very influential form of training technique, televisions, videos, and projectors are used in this kind of training. One advantage of this audiovisual equipment is that it has consistency in the way it functions.

Job rotation

Employees are assigned roles in different sections of the organization in order to have a feel of how these sections are attached to each other. It is an essential kind of training which an organization uses to drill and come up with supervisors.

Apprenticeships

Apprenticeships are training techniques that are used to cultivate sufficient skills in employees in order to have employees who perform several tasks. Apprenticeships usually involve many related skills that allow the employee under training to get involved in hands-on practice of several activities facilitated by the people who are good in those activities.

Laboratory training

It is usually an essential kind of training which is given to staff members and facilitated by a professional in that specific area of training. This kind of training is very essential to both upper and middle managers to develop their spirit of team work and an increased ability to deal with management and peers.

Communication flow to every staff at all the time

The management should make several efforts to communicate with their employees frequently. Many of the wrong or bad communication modalities between the staff and the manager is the key cause of low morale among the staff.

If there is no good culture of communication in an organization or company such that there is inadequate flow of information from top management to lower management or from the lower management to the upper level, productivity is inhibited and confusion, duplication, and unproductive conflict are the order of the day then that company or organization is headed to doom (Ficarrotta, 2001).

Therefore it is very vital for any management to communicate the following points to their staff to ensure that everyone is aware and current with what is happening in the organization.

References

Arbogast S. (2007). Resisting corporate corruption: Lessons in practical ethics from the Enron wreckage, New York business journal.

Cruver, B. (2002). Organization management: Anatomy of greed. USA: McGraw hill publishers.

“Once mighty Enron strain over inquiry” (2001) The New York Times, p.BU1. Column 2.

Bruce, L. (2004). Management responsibilities in the business place. USA: McMillan publishers.

Ficarrotta, J. (2003). Company Management: Enhancing responsibility, integrity and ethics. Purdue University Press.

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IvyPanda. 2021. "The Enron Through Training: Avoiding Problems." October 23, 2021. https://ivypanda.com/essays/the-enron-through-training-avoiding-problems/.

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IvyPanda. "The Enron Through Training: Avoiding Problems." October 23, 2021. https://ivypanda.com/essays/the-enron-through-training-avoiding-problems/.

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