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is a senior level management consultant with eighteen years of experience leading efforts to develop and implement practical strategies for business performance improvement. To learn how an online degree from Benedictine can help you hone your leadership skills talk to a Program Manager today.

Benedictine University also offers online BachelorвЂ™s degrees. If you are interested in learning more about creating a strong culture, check out BenedictineвЂ™s Management and Organizational Behavior program, which offers courses on Organizational Culture, Strategic Management and Strategy, and Organizational Behavior. The smartest guys in the room: The amazing rise and scandalous fall of Enron. Somewhere right now there is a company with a culture that is just as unscrupulous as Enron was, and unless we learn to look for that and address it the whole thing could happen again. But as we learned from EnronвЂ™s involvement with CaliforniaвЂ™s energy degradation, the second new rules come out, someone is looking for a loophole. Sure we have the Sarbanes-Oxley Act now that includes a ton of new rules meant to prevent another Enron.

So why is understanding the culture of Enron so important? Just look to the old saying that those who fail to learn from history are doomed to repeat it. In other words, Enron had a culture that encouraged the kind of misbehavior that led to their downfall. Most of all, they took for granted that they would never get caught in any of the lies they spun to try to cover up when their attempts lost money. The leaders at Enron believed they were smart enough to eventually make any hair brained scheme work (e.g., trading unused bandwidth, weather derivatives) and if any particular plot failed the next one would surely work. Another way to think about of culture is to ask what do the people in the organization take for granted? The norm at Enron was to take any risk and ethical shortcut as long as it made money.

To level set, letвЂ™s remember that culture is the combined habits, norms and beliefs of the people in an organization (Schein, 2004). If we look at this through an organizational culture lens, however, it becomes very easy to understand how it happened. People often ask how something like Enron ever happened in the first place? We have lawyers, accountants and SEC regulations that are suppose to protect against such things. I prefer to see it as a cautionary tale of a corporate culture that not only enabled but encouraged greed and bad behavior. Some people see the Enron saga as a tale of corporate greed run rampant. If youвЂ™re not familiar with the story, IвЂ™d recommend McLean and ElkindвЂ™s 2003 book The Smartest Guys in the Room, and/or the CNBC documentary that is based upon the same. I am referring of course to the infamous Enron scandal that not only brought about the bankruptcy of the energy trading giant for which it is named but led to the dissolution of accounting stalwart Arthur Andersen, and unfortunately wiped out the savings of thousands of Enron employees.

Post Master's Nurse Executive Leader CertificateДЇor those who are too young to recall, or who just werenвЂ™t into business news at the time, the end of 2001 saw one of the most dramatic, spectacular, and of course unfortunate downfalls in the history of corporate America.

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