From the perspective of corporate culture, why did Enron die?

200165438+On February 2, 2006, Enron Corp, the world's largest energy and natural gas wholesaler with assets of US$ 49.8 billion, suddenly filed for bankruptcy protection with the bankruptcy court in new york, USA, becoming the largest bankruptcy case in American history. An energy giant collapsed overnight, causing great shock in the United States and even the world. The reason and effect are thought-provoking.

There are many reasons for Enron's failure, such as finance, market, management and so on. This paper only thinks about Enron's failure from the perspective of corporate culture.

First, the glorious years of Enron Empire and its collapse overnight.

Enron was founded in 1985, which was the product of the merger of two American natural gas companies in the 1980s. Since its establishment, it has been engaged in the purchase and sale of natural gas. By 1989, the staff of the natural gas division was insufficient 15. However, it is such an ordinary natural gas dealer. After more than ten years of bankruptcy, it has turned over and its business has spread all over Europe, Asia and other parts of the world.

It is hard to imagine that in the late 1980s, a declining industry, a precarious traditional energy enterprise, successfully got rid of the deep brand left by the "old economy" and became famous in the new economic era.