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Companies cannot fear change, but rather embrace it and view it as a way to take their companies to the next level and become a model for other companies to emulate.
Innovative Approaches to Corporate Management
In 2001, Enron, based in Houston, Texas, was one of the world's leading electricity, natural gas, and communications companies. Fortune Magazine named Enron as one of America's most innovative company for six consecutive years from 1996-2001(Enron, 2006). Enron was well positioned in the market, and there seemed to be no stopping this powerhouse corporation. By the end of 2001, Enron had declared bankruptcy and became, arguably, the biggest corporate failure in American history due to poor corporate management (Epstein, 2006)...
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