Question Four (32 points) A recurring theme in the course is that organizational priorities are not simply given, but are shaped by culture. A particularly dramatic illustration of this has been the notion that, in a shareholder value culture, the profit imperative might actually be secondary to share price.
Provide a summary explanation for how the episode of Enron Oil (the hedging operation within the larger Enron corporation) illustrates the idea that profit became a mere means toward achieving the ultimate end of a higher share price at Enron, as opposed to the end itself.*
*Note: The expression “means to an end”, which was used in class, distinguishes an objective (the “end”) from the method used (the “means”) to achieve it.
** This needs to be 1-2 pages long!!
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