Diversification Through Acquisition: Strategies for Creating Economic Value

Business & Money

Salter, Malcolm S.

Management & Leadership

Free Pr

This book is Policy Formulation and Administration which is a casebook of senior management problems in business.

Policy Formulation and Administration: A Casebook of Senior Management Problems in Business

Christensen, C.Roland

Berg, Norman A.

Stevenson, H.

Richard D.Irwin

Although much has already been written about the rise and fall of Enron, four important questions remain unanswered: What management behavior and practices led Enron down the path from truly innovative to fraudulent management? How could Enron’s board of directors have failed to detect the business, ethical, and legal risks embedded in the company’s aggressive financial strategies and accounting practices? Why did Enron’s external watchdogs―security analysts, credit-rating agencies, and regulatory agencies―fail to bark? What actions can prevent Enron-type breakdowns in the future? Innovation Corrupted addresses each of these questions.
In contrast to the time-line narratives of previous books on Enron that offer interesting but largely unsystematic insight into individual actions and organizational processes, Innovation Corrupted pursues a more methodical analysis of the causes and lessons of Enron’s collapse. Based upon newly available sources, Salter identifies the social pathologies and administrative failures that fostered the company’s ethical drift and inhibited the board of directors from exercising effective governance and control. Salter also goes beyond the work of previous books by proposing practical recommendations for preventing future Enron-type disasters. These prescriptions relate to board oversight, financial incentives for executives, and, most importantly, the maintenance of ethical discipline when operating in the murky borderlands of the law. It was in this shadowed space that Enron’s senior executives lost their way.

Innovation Corrupted: The Origins and Legacy of Enron's Collapse

Biography & History

Harvard University Press

Changing alliances

Dyer, Davis

Webber, Alan M.

Harvard Business School Press

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Books by Salter, Malcolm S.