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Corporate Culture at Enron

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Presentation on theme: "Corporate Culture at Enron"— Presentation transcript:

1 Corporate Culture at Enron
Jeff Skilling Emerging Leaders Annual Vision Lunch March 29, 2001

2 Structure Staff Skills Strategy Style Shared Values Systems

3 Strategy Super Ordinate Goal: Crusade for free markets Bust monopolies
Promote open competition De-integration Leverage technology and risk management to reduce interaction costs “Virtual” integration Be logistics company Have networked approach to transformation Oriented towards Real options Knowledge-based Strategy

4 Structure Flat / Horizontal Distributed power based decision
Promote open competition Labor Mobility United compensations Portable Titles Structure

5 Systems PRC Company wide 360 evaluation Relative ranking against peers
Screen for “who gets it” RAC Understanding and management or overall company risk/exposure Systems

6 Staff Best & Brightest Associate/analyst rotation program RAC
Innovative and entrepreneur Staff

7 Skills Risk management Network management Commodity market expertise
Logistics management Risk management Network management Ability to structure complex customized solutions Commodity market expertise Gas Power Broadband Pulp and paper etc... Skills

8 Skills Risk management Financial accounting Loose Work schedule Tight
Performance review Legal obligators Loose Work schedule Working environment Broadband Pulp and paper Organization Skills

9 Shared Values Respect Integrity Communication Excellence
We treat others as we would like to be treated ourselves. We do not tolerate abusive or disrespectful treatment Ruthlessness, callousness, and arrogance don’t belong here Integrity We work with customers and prospects openly, honestly and sincerely. When we say we will do something, we will do it; when we cannot or will not do something, the we won’t do it Communication We have an obligation to communicate. Here, we take the time to talk to one another. . . And listen. We believe that information is meant to move and that information moves people Excellence We are satisfied with nothing less than the very best in everything we do. We will continue to raise the bar for everyone. The great in here will be for all of us to discover how good we can really be. Shared Values

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