Enron is a Houston based energy firm which was credited to create market trading in energy. In just sixteen years, it becomes the world’s largest energy trading company. Offered its services to thousands of customers around the world including Wholesale Services, Energy Services and Global Services combing broadband and transportation services. It experienced a meteoric rise and has 22th rank in the fortune’s 100 best companies list in America in 2000. With the energy crisis in California, Enron dilemma was started due to poor handling of deregulation of energy by the company itself.
In 2016 the ownership of ODEON cinema changes as the owner sells it to AMC theatres, therefore, it will create a new changing for the company (Business Wire, 2018). Odeon Cinema is the company who runs in the cinema industry. This report will discuss the macro and micro environments analysis of the company, the SWOT analysis for the company and the competitive analysis for this
Enron focused on maintaining the appearance of value rather than creating it, thus fostering a competitive and risk-tasking environment that promoted the use of unethical accounting practises. To further exacerbate the situation, employees that raised concerns over Enron’s management were demoted or fired hence creating a workplace full of distrust and paranoia, with no clear
Enron Corporation was an American energy, commodities, and service company based in Houston, Texas. It was founded in 1985 as a merger between Houston Natural Gas and InterNorth. Enron eventually became one of the world’s largest electric, gas, and communications company. In 2000, the company’s annual revenue reached $100 billion. Enron was ranked as the seventh-largest company.
What is CANON Company? It always be one the words from the daily conversation of people. CANON Company is one of the ‘big guns’ in the photography world for over half a century. CANON stays a significant potency in the market today. This is particularly true in the digital single lens reflects (DSLR) sector which provides a broad range of technical services where it has held the number one or number two position since the introduction of the EOS 30D (fully ‘homegrown’ model) and the EOS 300D (first consumer DSLR).
It operates more efficiently, reliably, safely and also sustainably. In electrical system, it is the diversified industrial manufacturer. The products of Eaton ranges from power quality, distribution and control, hydraulics components, systems and services for industrial and mobile equipment, aerospace fuel, hydraulics and pneumatic systems for commercial and military use and truck and automative drivetrain and powertrain systems for performance, fuel economy and safety. Eaton is commited to creating and enable to continue powerful customer relationships. They are building customer relationship with the foundation of excellence.
Workers in Enron were being supported to think out of the box and being creative. They were also allowed to break the rules and increase the value of company although there was no cash generated. Soon, many employees in the company started to use this method to cover and hide losses. Without anyone knowing the company was losing money, they did not have to bear the consequences and responsible for their mistakes. The integrity of Enron was contaminated as a result end up if anyone did mistakes and no one finds out, keep quiet.
In order to improve its position in the long term, eBay could therefore create more units by dividing existing ones, so that it will end up being more successful in addressing consumers’ preferences across different markets. One further recommendation might be to increase the autonomy of business-type divisions in order to create a more effective management of marketplace and other
As a result of the fraud investigations, the company was required to file for bankruptcy in December 2001. Enron was “a provider of products and services related to natural gas, electricity and communications to wholesale and retail customers.. Throughout the late 1990s, Enron was almost universally considered one of the country 's most pioneering companies -- a new-economy maverick that forsook musty, old industries with their cumbersome hard assets in favor of the freewheeling world of e-commerce. The company continued to build power plants and operate gas lines, but it became better known for its unique trading businesses. Besides buying and selling gas and electricity futures, it created whole new markets for such oddball "commodities" as broadcast time for advertisers, weather futures, and Internet band width.
Enron also introduces itself in the water sector with the company name azurix which later on floats in the NYSE. Azurix failed to become successful in the water sector. Enron was the second largest company in power sector of U.S. but in Oct, 2001 this company was filed as bankrupt. Reason for Bankrupt: Enron Corporation performs well in the U.S and its stock price was also very high as compare to other companies in energy sector. But due to some frauds this company can be filed as bankrupt in Oct, 2001.