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Leadership has different meanings for everyone. It's generally defined as one who exerts themselves with more influence within a group than anyone else at a particular time. There is no one individual who operates best within all situations or all groups. There are some leaders who are successful and others who fail. There are different kinds of leaders because there are different demands for leadership. This paper will look at a huge company scandal and explain what's needed for effective leadership in a business. It will also discuss a few different types of leadership such as; transactional, transformational, servant, and laissez faire. The paper will conclude with describing the relationship between leadership effectiveness, job satisfaction, job performance and customer satisfaction.
Enron Energy Co.
The infamous Enron scandal is used in many colleges today as a way to illustrate improper work ethics in a business. The Enron Company was one the seventh largest companies in more than 40 countries. However, the firm's success turned out to have involved an elaborate scam. Enron lied about its profits and was accused of a range of shady dealings, including concealing debts so they didn't show up in the company's accounts. As the degree of the deception unfolded, investors and creditors retreated, forcing to firm into chapter 11 bankruptcy.
Researchers proved that leaders can lead by misinforming their followers, making false claims to justify their actions and can base their actions on the convenient point of view that the ends justify the means. Lying, which one can reasonably assert is unethical is the standard operati ...