Enron A Model Of The Innovative Company - 1684 Words

Enron Enron began in July 1985, and its headquarters were in Houston. It started from a small regional energy supplier. However, Enron was dissatisfied with the traditional way of doing business, so it began to look toward energy security. Enron s management believed that the creation of derivative securities market for any commodity was possible, so Enron developed energy commodity futures, options, and other financial derivatives. Energy deregulation brought this company great commercial opportunities. Enron was considered to be a model of the innovative company. Because of the deregulation, it became a trader of everything from oil and gas futures to weather derivatives. They took a new strategy by setting up a â€Å"gas bank†. Later, the generation of electricity forced Enron to explore new industrial customers for its gas. From 1990 to 2000, Enron largely expanded their oversea business. In 1994, Enron began buying and selling electricity. After Skilling became the COO and Fast ow became the CFO of the company, Enron continued to implement dual strategies of expanding its trading activities and synchronously investing a lot of money in physical assets. Enron’s shares, in the late 1990s, had significantly outperformed the market even when the market fell. Maintaining the EPS brought Enron huge pressure to find new projects to invest. The chosen solution was to get some of the assets and related debt off the balance sheet. After Enron took series of actions, problems emergedShow MoreRelatedEnron : An Interstate Pipeline Company825 Words   |  4 PagesSECTION ONE : INTRODUCTION ENRON was established back in 1985 as an interstate pipeline company following the federal deregulation of natural gas pipelines. It was born from the merger of Houston Natural Gas and Omaha based InterNorth, a Nebraska pipeline company. Enron incurred massive debt as a result of the merger which led to it losing exclusive rights to its pipelines. Enron at this point had to come up with a new innovative business strategy in order to survive. CEO, Kenneth Lay hired servicesRead MoreFall of Enron1160 Words   |  5 PagesThe Fall of Enron 1. Why was Enron such an admired company prior to 2000? What innovation do they bring to the table? Be specific and support your statement with concrete information. Prior to the year 2000, Enron Company, established in the mid-80s, caused the admiration worldwide because of its fast rise of revenue both in the local and international stock market in a short period of time. Enron’s operating income in the year 2000 was stated in $100.7 billion and its after-tax net income wasRead MoreAccounting Scandals And Enron Accounting Scandal1596 Words   |  7 Pagesspecifically the Enron Accounting Scandal. First, I will be exploring the history of Enron. Then I will be going into further depth on what accounting issues Enron faced and then I will be explaining what a derivative is. Finally yet importantly, I will consider the different types of Accounting Fraud following a conclusion. Accounting Scandals are born due to collective greed and corporate arrogance. In the case of Enron there was a lot of euphoria before the downfall. Stock prices soared and Enron was seenRead MoreThe Enron Scandal854 Words   |  4 PagesThe Enron Scandal Background Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,000 staff and was one of the world s leading electricity, natural gas, communications, and pulp and paper companies, with claimed revenues of nearly $101 billion in 2000.[1] Fortune named Enron America s Most Innovative Company for six consecutive years. At the end of 2001, it was revealedRead MoreEthics And Integrity Of Enron769 Words   |  4 PagesMost companies pride themselves on their business model and ethics to help make them successful. Ethics and Integrity are two things all companies should practice and promote. When Enron was first developed that is what they set out to do, but things quickly took a turn for the worst. The name Enron is now synonymous with fraud, in one of the biggest Wall Street scandals in history. In 1985 Enron was conceived by two gas companies merging together in Houston, TX. The company began to boom in theRead MoreExecutive Office Of Houston Natural Gas1689 Words   |  7 Pages Enron was created in 1985 when Houston Natural Gas and InterNorth merged together. Houston Natural Gas was a utility company based in Houston, Texas before being taken over by InterNorth. InterNorth was a very large energy company based out of Omaha, Nebraska. They specialized in natural gas pipelines, but also were successful in the plastic industry, coal and petroleum exploration and production. In the beginning Kenneth Lay, who was the Chief Executive Office of Houston Natural Gas, becameRead MoreEnron And The Gas Pipeline Industry772 Words   |  4 Pagesits energy-trading model, Enron’s top executives fooled major financial institutions and accounting firms by hiding its losses from these new ventures within its financial statements. In the beginning, Enron was revolutionary in t he gas pipeline industry, because it took advantage of the deregulated environment. As a result, Enron could ensure their customers, gas suppliers, consistent gas prices through hedging (Healy and Palepu 2). Enron’s success with this energy-trading model built its trustworthinessRead MoreENRON and Faudulent Record Keeping Practices1369 Words   |  6 PagesIntroduction Enron went from modestly outperforming the Standard Poor’s 500 in the early 1990’s to drastically outperforming it in 1999 and 2000. In 1999 and 2000, Enron stock increased 56 percent and 87 percent, respectively; compared with to only a 20 percent increase and 10 percent decline for the index during the same years (Healy and Palepu, 3 2003). While these increases were originally attributed to innovation (being rated the most innovative company in America by Fortune), it was laterRead MoreEnron Corporation : The Largest Energy Trading Essay1131 Words   |  5 PagesEnron Corporation is the largest energy-trading located in Houston, Texas. It was founded by Kenneth L. Lay in 1985. Enron has been form through the merger between Houston Natural Gas and InterNorth Incorporation and initially named it as HNG/Inter-North Incorporation, before renames it as Enteron. In 1986, the company name has been shortened to Enron Corporation. At the beginning of the operation, Enron o nly involved in the transmission and distribution of electricity and gas throughout the UnitedRead MoreOrganizational Culture : The Smartest Guys Of The Room1649 Words   |  7 Pagesculture is one whose organization’s core values are both intensely held and widely shared. After viewing Enron: The Smartest Guys in the Room, it is obvious that Enron had not only an organizational culture that was strong, but one that was extreme and aggressive. This aggressive and strong organizational culture discouraged both teamwork and ethical behavior and in the end it only plagued Enron until it eventually collapsed under its downfall. The aggressive organizational culture started with Enron’s

The Development Of Artificial Intelligence - 1450 Words

CHAPTER 1 INTRODUCTION This chapter is discussed about the project background, the problem of the project, the objective of the project and project scope. 1.1 PROJECT MOTIVATION With the development of artificial intelligence in recent years, there has been a growing interest in algorithms inspired by the observation of natural phenomena. We can see that all the algorithms are good replacements as method to solve complex computational problems. Various heuristic approaches have been adopted by researches including genetic algorithm (Holland 1975), simulated annealing (Kirkpatrick et al. 1983), immune system (Farmer et al. 1986), ant system (Dorigo et al. 1996) and particle swarm optimization (Kennedy and Eberhart 1995; Kennedy and Eberhart 1997). All the above heuristics involve the desired problem solution from iterative cycles of iterations between the population members. Unfortunately, no algorithm can solve all the optimization problems and have some algorithms can be the best solution for a few problems than the others. Optimization problems are widely encountered in various fields in science and technology. Sometimes such problems can be very complex due to the actual and practical nature of the objective function or the model constraints. Most of power system optimization problems have complex and nonlinear characteristics with heavy equality and inequality constraints. Optimization is the important process to many systems in industry and it will produceShow MoreRelatedHistory And Development Of Artificial Intelligence1507 Words   |  7 Pagestechnology-based society as ours, artificial intelligence is becoming an important part of our daily lives. This research paper will explore the history and development of artificial intelligence, the places we can encounter them, the future they hold and the ethical dilemmas around this new technology. Although there was not a lot of technology in the 1950s, the idea of artificial intelligence, named by McCarthy, arose. The first form of artificial intelligence was a program with the ability toRead MoreArtificial Intelligence, Theory And Development Of Computer Systems Essay1115 Words   |  5 PagesArtificial intelligence, theory and development of computer systems able to perform tasks that would normally require human intelligence, such as speaking, decision-making etc. When most people think of artificial intelligence (Al), they think of the robots from the movie Chappie, or I, Robot. Those are some examples of what AI could lead to but that is not exactly it. The idea of intelligent machines go back to Greek mythology. The origin of AI can be described as philosophers who tried to explainRead MoreAnalysis of the Development of Artificial Intelligence Essay1066 Words   |  5 Pages Artificial intelligence has come a long way since the first robot. In 1950, Alan Turing of Britain publishes, Computer Machinery and Intelligence. This book was proposed to be the birth of artificial intelligence as we know it. The first robot that presents the usage of artificial intelligence was built in 1969. The purpose of this robot was to try out navigation using basic tools such as cameras and bump sensors (Marshall 371). Since then, we have made a million robots way better than thisRead MoreEssay On Artificial Intelligence1470 Words   |  6 PagesArtificial Intelligence, an acronym for AI. It is a new technical science in the research and development of intelligent theories, methods, techniques and applications for the simulation, extension and expansion of human beings. In my vision of the artificial intelligence in the future, artificial intelligence can not only manage the daily life of people, but also can become one of the family members to the human beings, and enjoy the same equal human rights. Even we can embed the mind of diedRead MoreArtificial Intelligence In Technology1612 Words   |  7 Pages â€Å"The increasing use of artificial intelligence in technology will transform our societies for the worse.† Module: FC-503 Tutor Name: Assessment type: Essay Student Number: T0061516 Word Count: The theme of the 2017 Summer Davos meeting was about the fourth revolution of science and technology and artificial intelligence was undoubtedly one of the main topics discussed by people. From driving interactive voice with nobody to Alphago defeat the invincible chess champion Ke Jie (GibneyRead MoreThe Importance Of Artificial Intelligence1302 Words   |  6 PagesArtificial intelligence is the utilization of computers to imitate human brains in restricted domains. This is a consequence of developing computer which carry on logically, reason rationally and can adequately decipher its surroundings continuously in real time. Artificial Intelligence is no longer a fictionist concept, the superior computing prowess of artificial intelligence has enabled them to surpass humans in problem solving. They have made it conceivable to recreate complex activities thatRead MoreHow The Society Values Computer Technology1716 Words   |  7 PagesNS160014. Computer and the Society How the Society values Computer Technology Question: Google SDK/Artificial-Intelligence: Is it Good or bad? Table of Content 1.0 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦1 1.1 My theory†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦2 1.2 Respondents opinions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 2.0 Summary and Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..10 Figures Fig 1.2.0 Do you interact with artificial intelligent systems? ........................................5 Fig 1.2.1 is it possible for human thinkingRead MoreHow Ai Can Bring On A Second Industrial Revolution1360 Words   |  6 Pagesbecomes more faster and more intelligent, what I talking about is artificial intelligence, or AI. I think that in the next two decades, this will be the most influential development trend and driving force in society. What is AI Artificial intelligence (AI), also known as machine intelligence, refers to the intelligence produced by a system that is artificially manufactured. Often artificial intelligence refers to the intelligence achieved through ordinary computers. The term also refers to the studyRead MorePersuasive Speech Outline1169 Words   |  5 PagesTitle:  What’s In Your Glass? Topic: The Opposition of Artificial Intelligence Method of organization:  Refutative Specific Purpose:   My specific purpose of this speech is to encourage those who oppose artificial intelligence to see the good that can be done with this technology. Thesis:   In this presentation I hope to explain the opposition that artificial intelligence faces, show examples of successful uses of AI, and challenge those opposed to this technology to consider a change ofRead MoreFuture Of Life : Thanks With Artificial Intelligence1451 Words   |  6 PagesFuture of Life: Thanks to Artificial Intelligence Artificial Intelligence is soon to be a massively important and relevant part of our future. I have no doubt about it, and knowing this... I began my research simply wanting to know more about AI and it’s current and speculative uses and capabilities. I wanted to know how we planned to accommodate for the biggest change our species has ever experienced, I wanted to find out how legislature would adapt, how research would spring up, how production

Capstone Checkpoint free essay sample

Now that you have finished your research paper, what advice would you provide to students starting this course? After finishing my research paper the advise I would give to students starting this course is very simple. Follow the syllabus every week and you will get the results you want at the end of the course. Read all the reading material you are given and explore the Center for Writing Excellence, the Reference and Citation Generator, Grammar and Writing guides, PAPA format, the Write point and the Plagiarism Checker to help you Involve In this course.Work on your research paper the weeks you have to work on It so at the end you have everything you need to put your research paper together. If you miss a week or not do the work you will be rushing at the end to get your paper done. If you follow each week and do each work as stated In the syllabus you wont have a problem finishing your research paper on time. We will write a custom essay sample on Capstone Checkpoint or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Its a very rewarding class you will learn a lot In the nine week course I sure learn and will reference back when writing more papers.What loud you do differently If you were Just starting the course? What I would do different if I was just starting this course would be to explore the Grammar and Writing Guides. On what would you focus more? I would focus more on learning the writing guides so I can become a better writer and recognize my errors after proofreading a paper. On what would you focus less? I dont have anything to focus less on I think if I make a list of things I know I have a hard time with I can concentrate on each item one at a time.