Hr Crisis Management: an Enron Case Study
1003 words 5 pages1. The collapse of Enron has cast revealing light not just on the corruption of business leaders, auditors and politicians but on the appearance of deregulated capitalism as it has emerged from the stock-market bubble. It has highlighted, too, the vulnerability of the broad layers whose pensions are tied up in the savings routine so ingrained in the economy. This failure has affected not only Enron's employees but tens of millions of holders of 401(k) and defined-benefit retirement schemes.
Enron's demise was significant not just because of its size (other concerns failing at the same time, such as K-Mart or LTV Steel, had more employees and pensioners) but because it had represented the cutting-edge of corporate strategy, living proof …show more content…
The biggest challenge was morale given that the majority of corporate positions were eliminated (from 9,000 employee's to 1,000). Cooper and others understood that while people were there they had to try and make it as decent, open and as nice an environment as possible.
4. Every person has different reasons for working. The reasons for working are as individual as the person. But, we all work because we obtain something that we need from work. The something obtained from work impacts morale, employee motivation, and the quality of life. To create positive employee motivation, treat employees as if they matter - because employees matter.
A positive motivation philosophy and practice should improve productivity, quality, and service. Motivation helps people:
· achieve goals;
· gain a positive perspective;
· create the power to change;
· build self-esteem and capability,
· manage their own development and help others with theirs.
There are no real disadvantages to successfully motivating employees, but there are many barriers to overcome. Barriers may include unaware or absent managers, inadequate buildings, outdated equipment, and entrenched attitudes, for example:
· "We don't get paid extra to work harder."
· "We've always done it this way."
· "Our bosses don't have a clue about what we do."
· "It doesn't say that in my job description."
· "I'm going to do as little as possible without getting fired."