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Following report includes case of Enron. The report includes internal and external analysis of Enron with the help of strategic management tools like SWOT and PESTLE framework. Because we know it is difficult to trust anyone for case study help without knowing that the solution they provide you is plagiarism-free or not.
Enron Corporation, situated in Houston, Texas, was an American energy, commodities, and services conglomerate. Kenneth Lay established it in 1985 as a merger of Lay's Houston Natural Gas and Inter North, both of which were tiny regional enterprises at the time. Enron employed roughly 29,000 people before declaring bankruptcy on December 3, 2001, and was a large electricity, natural gas, communications, and pulp and paper corporation with claimed revenues of nearly $101 billion in 2000. For six years in a row, Fortune awarded Enron as "America's Most Innovative Company".
Enron's claimed financial status was sustained by an institutionalized, systematic, and ingeniously planned accounting fraud, which became known as the Enron scandal at the end of 2001. Enron has become synonymous with corporate malfeasance and purposeful deceit. The scandal also called into question several firms' accounting processes and operations in the United States, prompting Congress to pass the Sarbanes–Oxley Act of 2002. The crisis had a broader impact on the corporate world because it resulted in the dissolution of Arthur Andersen, Enron's major auditor for many years.
Enron was a Houston-based energy trading and utility firm that committed one of the largest accounting frauds in history. Enron's leaders used accounting methods to inflate the company's revenues, making it the seventh-largest firm in the United States for a period.
SWOT Analysis is a fundamental but effective framework for examining the strengths, weaknesses, opportunities, and threats that a company faces. It allows us to build on the strengths, fix potential weaknesses, reduce risks, and maximize the chances of success.
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