search query: @indexterm Organizational culture / total: 432
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Author: | Kulik, B.W. |
Title: | Agency theory, reasoning and culture at Enron: In search of a solution |
Journal: | Journal of Business Ethics
2005 : JUL II, VOL. 59:4, p. 347-360 |
Index terms: | business ethics organizational culture companies theories literature USA |
Language: | eng |
Abstract: | In this study, Enron's (here as: E.) culture is defined as one rooted in agency theory by asserting that E.'s members were predominantly agency-reasoning individuals. The conditions present at E.'s collapse are identified: a strong agency culture with collectively non-compliant norms, a munificent rare-failure environment, and new hires with little business ethics training. The article concludes by identifying new directions for business ethics literature to make it more implementable under the conditions identified at E. Essentially, there is the need to clearly determine: 1. the difference btw. commitment and connivance, 2. what is meant by balance as to the multiple dimensions of ethics and legal theories, and 3. the proper balance btw. agency and stewardship reasoning. |
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