Boeing corporation crisis Essay

Connected is a report of the greatest emergency that the Boeing Corporation has ever looked in its reality. First it will depict the occasions paving the way to the issue before it turned into an open issue. At that point we will examine in broad detail precisely what the issue is that Boeing is confronting and how they can defeat it. The group of xxx finished the examination and the composed report of the emergency. Boeing is a worldwide provider of business carrier planes, military protection airplane, and reconnaissance. In part because of the September eleventh assaults on the United States, the Boeing Corporation will lay off 30,000 representatives from their across the nation offices. The cutbacks will influence urban communities, for example, Los Angeles, Seattle, Houston, St. Louis, Philadelphia, and will influence representatives from passage level to official workplaces. The declarations of these issues have caused Boeing’s stock to tumble to an astounding low and creation levels to drop drastically. XXX might want to express gratitude toward XXX for allowing us the chance to finish this exploration task. The exploration helped us figure out how to all the more proficiently use the various databases accessible to us and put it into an arrangement so it very well may be introduced to an open association or the media. The aptitudes learned in the term of finishing this report will have the option to be used when introducing to upper administration a nitty gritty issue and answers for a particular issue. Boeing Corporation Crisis Cal State Fullerton Jean Fuller May 28, 2002 Official Summary Today the Boeing Corporation is confronting probably the biggest emergency throughout the entire existence of the organization. They are laying off an aggregate of 30,000 representatives from their offices across the nation. The cutbacks will occur in urban areas, for example, Los Angeles, Seattle, St. Louis, Philadelphia, and Atlanta. A large portion of the cutbacks influence the business carrier division, yet the military safeguard and aviation divisions will likewise be influenced. The arrangement for the decrease in representative size started in July 2001, yet the assaults on the United States on September eleventh left the organization having to lay off more workers. Right now, Boeing is predominantly concentrating on decreasing the measure of obligatory cutbacks. This will be difficult to achieve as a result of the decreased interest for the company’s products and enterprises. Later on, Boeing’s spotlight will be on coming back to an elevated level of creation and gainfulness. They will concentrate on rivaling the opposition by expanding item advancement and lessening costs that the organization acquires during creation with an end goal to keep costs low. Because of monetary stoppage and diminished spending by buyers, the Boeing Corporation was starting to encounter misfortune in incomes and a decrease underway. Not over a quarter of a year later, the assaults on the World Trade Center in New York affected the interest for business airplane as a result of dread to go via plane. Likewise, overwhelming rivalry with Lockheed Martin and Northrop Grumman, Boeing isn't being granted the same number of agreements with the United States military, which is causing a decrease in incomes for the aviation and military guard divisions. There are relatively few different ways to beat the whole issue, yet there are a few choices that the organization can consider so as to diminish them. The options are to convey hours similarly among the workers, reallocate representatives into various divisions, offer severance pay, and to keep on cutback workers. Boeing must be cautious in the manner that this specific circumstance is taken care of. In the event that workers feel as if they are being dealt with uncalled for, they won't have work fulfillment and creation may diminish. The most ideal answer for the Boeing’s issue is to similarly convey the hours among the workers. By doing this representatives will keep up their employments. This will bring about higher occupation fulfillment than different other options, and Boeing won't need to experience a broad procedure to rehire when they return back to a phase of gainfulness. Boeing Issue Statement As Boeing faces one of the best money related emergencies throughout the entire existence of the aircraft business, Boeing plans to cut creation laborers, designers and care staff by mid-2002 (Nyhan, September 2001). Due to a declining economy just as fear based oppressor assaults that happened on September eleventh, Boeing is laying off a sum of 30,000 representatives in all divisions of the enterprise: aviation, business aeronautics, and military protection. The cutbacks will occur in Los Angeles, St. Louis, Seattle, Oklahoma, and the Puget Sound territory, and will influence everybody from salaried officials to the hourly paid upkeep workers. Cutbacks are an indication of organization strife and ought to be kept away from to keep up the organization investors. Short and Long-Term Goals Boeing’s essential transient target is to keep up a sensible degree of productivity given the ongoing events. It will endeavor to achieve this by diminishing the measure of dollars that are paid to the current representatives by either decreasing their hours, or totally firing their work with the organization. On account of current gracefully and request of the organization, benefits will be diminished if the current degree of representatives is kept up. Boeing’s long haul objective is to be the main provider of business, aviation, and military airplane and innovation. They plan to achieve this by keeping up a degree of gainfulness that fulfills the investors and corporate officials. They additionally need to keep up an elevated level of rivalry with the current rivalry: Northrop Grumman and Lockheed Martin. On the off chance that Boeing loses government aviation and military protection agreements to the opposition, there is a high likelihood that the organization will get wiped out and bow out of all financial obligations. Subtleties of the Problem Before September eleventh, Boeing was experiencing attempting times. Their satellite assembling tasks were in a downturn. This was because of the blasting of the web and telecom bubbles (Laing, 2002). The Commercial Airline Industry was likewise confronting a stoppage. This was a consequence of high fuel costs, work cost builds, a conditioning of the national economy and low traveler traffic (Smith, 2001). Likewise, upgrades underway effectiveness for Boeing prompted an arrangement to diminish up to 15% of its workers in the business airplane business. This productivity underway was expected to the industry’s first historically speaking moving mechanical production system for the last period of the creation procedure, which cuts unneeded advances (Holmes, 2001). Moreover, before the finish of 2001, Boeing missed out on the biggest military agreement ever when the Pentagon picked rival Lockheed Martin to manufacture the Joint Strike Fighter for shared use by the Air Force, Navy and Marines. This cutting edge kept an eye on contender is relied upon to stream more than $200 billion in incomes throughout the following 20 years (Laing, 2002). However, generally horrendous for Boeing were the psychological oppressor assaults on September eleventh. They changed what had been taking care of business as a mellow downturn in business fly requests into an authentic breakdown sought after (Laing, 2002). After the assaults, the need to fly definitely declined because of dread and security gives that made flying a disturbance. This left the US Airline Industry in a genuine emergency. Organizations, for example, Continental, US Airways, American, and Delta slice up to 20% of their ability (Smith, 2001). Source: www.bloomber.com The psychological oppressor assaults came about in Boeing’s stock to plunge. Preceding September eleventh, Boeing’s stock was falling a direct result of the downturn in the economy. From the chart above, we can see that the assaults made the stock cost to tumble from $50 an offer to $30. This was an indication that speculators knew the effect the psychological militant assaults had on Boeing’s industry. After September eleventh, Boeing intended to react to these issues by cutting creation rates by 50 percent (Nyhan, November 2001). On September eighteenth, multi week after the assaults, Boeing declared at a question and answer session that it would cutback up to 30,000 representatives by the center of 2002 (Smith, 2001). On that day, Boeing decreased the degree of representatives by 12,000: 3,000 through retirement and weakening, and 9,000 through cutbacks (Farley, 2001). Boeing additionally expressed that their jetliner requests would diminish definitely. In the following three years 80% of their 2001 requests would be conveyed (Smith, 2002). They additionally intended to cut their month to month creation of airplane considerably, from 48 to 24. The chief of individuals at Boeing’s business plane unit stated, â€Å"In request to coordinate our diminished creation rate, we should achieve most of the 20,000 to 30,000 decreases in 2002 work by midyear†. Individuals from the Associated Press and Kiro 7 Eyewitness News expressed, â€Å"Last week Boeing authorities reported designs to cutback upwards of 30,000 representatives, for the most part in the Puget Sound territory, before the following year's over a direct result of falling interest for new planes and delayed conveyances since the fear monger attacks.† Boeing’s business plane division isn't the main division that the cutbacks will impact. Shockingly 5,000 of the 30,000 cutbacks are anticipated to originate from the military division. The military division reductions are likewise because of the September eleventh assaults, yet they are mostly because of worldwide financial stoppage (Klein, 2001). This comes as an amazement in light of the fact that the military division is relied upon to develop in a period of war or fear based oppressor assaults. Investors may accept that the administration will demand an expanded degree of creation of warrior planes and military aircraft with the goal that the United States can rule in the war against fear mongering. What's more, the cutbacks won't just influence the Boeing workers, yet in addition individuals outside the organization. Upwards of 20,000 of the Boeing cutbacks may happen in the Seattle territory alone, bringing about an extra 34,000 positions lost by Boeing providers, subcon

Climate and Migration Essays - Climate Change, Environmental Issues

Atmosphere and Migration Essays - Climate Change, Environmental Issues Janayna Manuel Worldwide Issues Composing Assignment # 2 Atmosphere and Migration Since the Neolithic Revolution, with he move to food creation, social orders have gotten increasingly inactive, and have relied upon regular assets so as to settle networks. For instance, networks began to rise along waterways, lakes, and maritime expenses so water could be utilized for crop water system, and to get assets, for example, fish and salt. In any case, nature is flighty, and when there is an environmental change, stationary networks are fundamentally influenced. In West Africa, dry seasons have dislodged individuals, and caused out-movement, influencing networks in various ways. The Sahel district, in the South of the Sahar desert, and North of the tropical zone, along the equator, is one of the insecure areas on the planet, with respect to environmental change. Topographically, the Sahel locale is fundamentally found. An excessive number of elements assume a significant job in this locale, causing debasement of the land. In the first place, there are worldwide scale factors, for example, the ocean surface temperature (SST) inconsistencies (Hagos There are a few issues connected to environmental change in the Sahel district. As indicated by Africa Renewal magazine, the Sahel area faces numerous issues, from delicate economy to sporadic rainfalls. Because of its area, the locale is truly helpless to water lack, and land debasement, issues frequently connected to anthropogenic environmental change. For example, this locale confronted an extreme dry spells through the 1970s and 1980s what set off an enormous decrease of the economy (Hagos As appeared in the U.N. contextual analysis, a youngster, who used to live in the Lake Chad district, was altogether influenced by dry spell, and he needed to move from the locale, and locate another spot to live. This fundamentally shows how dry spells are a significant issue for the Sahel area, and how they are firmly identified with populace. Surely, it is conceivable to take care of the issue that the locale is confronting. Nonetheless, the issues are as confused in nearby scale as they are in worldwide scale. As per the article Responding to Climate Change, from NASA, alleviation and adjustment to environmental change, includes changing the human culture of utilization, by decreasing the nursery emanation. This is in a worldwide scale, yet additionally, this is likely the reasonable answer for Sahel locale climate. Truth be told, Hagos and Cook revealed in their investigation that the recuperation saw in Sahel during the 1990s was because of the change in SST abnormalities; A little variety in temperature of the two seas was the reason for that recuperation. Along these lines, this investigation shows that human will keep on relying on climate conditions, which diminishes the odds of people changing the present circumstance in the Sahel locale. In any case, the way that a drawn out arrangement relies for the most part on nature powers doesn't imply that there is nothing to do with respect to the Sahel area. As the U.N. contextual analysis appeared, the district is poor and it impacts the neighborhood capacity to adapt to ecological issues, for example, dry seasons. Understand that the significant issue isn't that the district is dry, however how individuals manage dry spells. Subsequently, it is prominent that the fundamental issue is neediness in the area, what limits nearby individuals arrangements. As per Africa Renewal Magazine, in 2013,

Economic Reform of China Essay Example | Topics and Well Written Essays - 1250 words

Monetary Reform of China - Essay Example This prompts financial development of 10% every year. By embracing a blended economy China is driving effectively. The Government of china has hold solid command over ventures and permitted a restricted private rivalry. This outcomes in expelling the inadequacies of free enterprise and socialism. Those nations which follow organized commerce and non liberal way, rules the economy like China. The China's prosperity evidence is its GDP measurements. Since 1978, the GDP has been twofold digits. Anyway this advancement has lead to number of difficulties China is confronting these days. These are budgetary emergency around the world, clumsy financial framework, over dependence on sends out, inflationary weights, broadening salary imbalances and so forth. So as to make an agreeable society, China Government needs to over come these issues. Besides exchange and remote speculation assumes a sensational job in this transformation. The exchange of merchandise has twofold up until this point. Huge exchange overflow, direct progression of remote speculations and overwhelming acquisition of outside cash makes China the greatest remote money store holder. Two elements contributed immensely to the development of economy in China. One is Heavy Capital speculation either by residential reserve funds or by outside ventures. Also, second factor is fast yield development. This transformation leads higher viability which improves the yield. The outcome is expanded assets for additional interests in the economy. Besides China has a higher pace of sparing, as most Chinese has spared a great deal by delivering benefit from State claimed endeavors. Accordingly reserve funds as rate to GDP has raised hugely upto half which is most elevated rate on the planet. Another factor which assumes a significant job in this upset in China is Productivity gains. The upgrade in yield is a result of designation of assets to the gainful uses uncommonly exchange, administrations and horticulture parts. The administration specialists were permitted to build up different undertakings on showcase rules. Direct Foreign Investments with its new advancements supported the economy also. DIRECT FOREIGN INVESTMENTS IN CHINA: The central point for China's monetary development is Direct Foreign Investments. China's FDI use has extended from $636 million to $75 billion before the finish of 2007.Manufacturing is the significant piece of the economy where bigger bit of FDI are used. Practically 55% of absolute FDI is devoured ready for assembling which leads 610,000 organizations to thrive and right around 28 million individuals will be locked in by these organizations. CHINA TRADE PATTERNS: China turns into the exchanging power consequence of monetary upset. Chinese fares were $1218 billion before the finish of 2007 and its imports were $956 billions. China has developed significantly during past years with normal yearly development rate is 29%. Imports over this

Teacher and Softball free essay sample

Sports can be utilized to learn life exercises in manners that they help shape mentality, depict enthusiasm, create character, and instruct friendship. â€Å"When life tosses you a bend ball† implies that when life gives you obstructions to survive. This is a statement identifying with life consolidating baseball or softball in to it, utilizing â€Å"curve ball† as an equivalent word for impediments. Softball, alongside different games, is an extraordinary method to learn life exercises and isn't only a game. A game, for example, softball, is something that numerous individuals can profit by. All ages, beginning at 5 can appreciate the sport of softball. We, as people, advantage from picking up, getting a charge out of each others’ organization, and surviving and gaining ground in the game. These ideas can likewise be identified with regular daily existence since we do every one of these things consistently. As individuals, we likewise need an outlet for our feelings and hardships that we face; softball can assist us with this. We will compose a custom exposition test on Educator and Softball or then again any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Rather than taking out annoyance on someone else, we can take our resentment out on pummeling the pitch and making a grand slam out of it. On the off chance that you take a gander at this from a progressively significant forthcoming, you can take your annoyance throughout everyday life and consistently beat the competition on the off chance that you handle every circumstance in a positive and expert manner. Softball additionally instructs individuals to have enthusiasm. I give a great deal of acknowledgment to the game for instructing me to have enthusiasm in the game, however throughout everyday life. Softball gave me something to be energetic about and furthermore instructed me to keep being enthusiastic about different things, for example, my school work, and being effective. On the off chance that I didn't have softball in my life, I don't have the foggiest idea where I would be today since it was the main thing that I was energetic about. Since I was enthusiastic about softball for my entire life, it has given me incredible chances. The best open door it has given me is having the option to go to a school that I love and furthermore having the option to play softball. On the off chance that I wasn’t as decided and enthusiastic about softball I would have not gotten the chance to play at Point Park University. Being a competitor of softball has shown me such a great amount throughout everyday life. Having an extraordinary demeanor while laying a game was not in every case simple; nonetheless, I realized that on the off chance that I didn't have a decent mentality I would not progress admirably. This thought, additionally, persisted to regular day to day existence. In the event that I didn't have a decent mentality when I woke up in the first part of the day resembled on the off chance that I didn't have a decent disposition going up to the plate when I was fixing to make something happen. I realized I would fall flat in the event that I didn't have this inspirational disposition. Softball likewise can instruct individuals to communicate. I would not be the individual I am today on the off chance that I didn't have softball to help shape the individual I am. It instructed me to impart as a partner and be deferential to the next group. I likewise deciphered this in to my regular day to day existence. On the off chance that I didn't impart on the field, or in the event that I didn't speak with my companions I would not have effective associations with individuals. Additionally, on the off chance that I didn't regard individuals, individuals would not show any regard for me. All in all, softball has not just helped me in existence with showing exercises and molding me as an individual, yet it has helped a great deal of others also. Softball, alongside different games, is an outstanding outlet for managing feelings and hardships, not to mention additionally showing extraordinary life exercises.

Tips For Writing College Essay Samples

Tips For Writing College Essay SamplesEvery year, the deadlines for college essays are set and everyone goes crazy in setting these essays up. Everyone seems to want their essays done faster so they can apply for a job or get more money from the professor that gave them the assignment. However, there are some tips that can help you write a great essay even if you feel like you are in a rush.Most essay samples come from different colleges, so you will be able to get many different kinds of assignments. Of course, some college professors like to hand out very specific assignments because they have been studying them for a long time and want to be sure that their students know exactly what they are doing when they are doing a certain assignment. Therefore, it may be necessary to change it several times until you are getting the kind of results that you are looking for. The professor that gives you your first assignment may not be a great example for the person you are working with now s o keep this in mind.The first thing that you need to do when you are planning on writing an essay is to make sure that you have all of the information that you need to get started. This means that you will need to decide what topic you want to write about. Then you will need to decide how you want to organize the materials that you need for the essay. If you are really worried about not being organized enough, then try to find a resource guide that has the topics that you want to write about listed out for you.You will also need to find out what type of full study that you are going to need for your essay. Some of the essay samples that you find will require you to write a paper based on a particular topic, others will ask you to do some general research, and still others will ask you to use sources. This will all depend on the style of writing that you are looking for so make sure that you go over all of the different types of essay samples to determine which one will work best for you.After you decide on the topic, you will need to organize your resources. There are two main ways that you can organize your resources and one way that you can look at is the way that you want to look at the information in your paper. Make sure that you think about the format that you want to follow and find the materials that you are going to need to write your paper.If you are going to write a paper based on a topic that is extremely important to you, then it will be easier for you to organize your resources. Therefore, if you are going to use the information that you find from the first essay sample that you got, then you will probably find that it is easier to organize your resources for your paper based on this information. On the other hand, if you are planning on writing a paper based on a general topic, then you might need to organize your resources according to the next section of the information that you found. In either case, you should make sure that you plan out the structure of your paper.If you are going to write a formal essay, then you might want to organize your resources in a different way than what you would use for a more informal essay. For a formal essay, you will most likely want to take a lot of notes so that you can organize these notes into a specific order. Also, you will need to make sure that you know the exact sources that you will be using so that you can include them in your essay. It is much easier to keep a well-organized essay if you take the time to write the essay properly.Writing a paper is a difficult task, but there are some tips that you can use to make the process a bit easier on you. Before you write your essay, make sure that you have an outline. You should take this outline and work through the sections that you would like to include and make sure that you have completed these sections by the time that you need to give your essay a full written form.

Case Analysis of Unemployment among College Graduates - 275 Words

Case Analysis of Unemployment among College Graduates (Research Paper Sample) Content: NameInstructorCourseDateCase Analysis of Unemployment among College GraduatesIn principle, a college education has been viewed as a critical investment that serves to benefit the individual for a lifetime. However, the Great Recession that hit in 2007 to 2009 left the labor market crumbled. Therefore, with its sluggish recovery college graduates are finding it hard to find a job (Abel, Deitz, and Su, pg. 1). In essence, they are forced to either stay unemployed, work part-time or accept lowly paying jobs that do not match with their qualifications.In 2010, during the recovery period of the Great Recession college graduatesà ¢Ã¢â€š ¬ unemployment rates peaked at approximately 5%. However, recent graduatesà ¢Ã¢â€š ¬ unemployment rates were more than 7% hence, supporting the claim that college graduates who just ventured into the labor market found it hard to secure a job (Abel, Deitz, and Su, pg. 2). Furthermore, recent research carried out in 2013 showed that newly g raduatesà ¢Ã¢â€š ¬ unemployment rate stood at 4.3% compared to 2.9% for college graduates in general.In essence, unemployment amongst the newly graduates is caused by the increase in an unpaid internship. According to Forbes magazine internships, have been diluted from serving their original purpose that in the past was the apprenticeship. Significantly, companies considered to be highly prestigious started offering unpaid positions and as a catalyst well-qualified candidates were willing to battle for free (Stone and McCraw, pg. 70). Moreover, the todayà ¢Ã¢â€š ¬s reality is that the entry level for applicants with a college degree does not meet the standards set outside. Therefore, the experience such candidatesà ¢Ã¢â€š ¬ posses do not qualify them for the given positions out there. On a similar note, the rate of retirement among the aged is little meaning very few are living the labor market to create room for the newly graduates.In principle, the Keynesian theory of unemploym ent describes unemployment as something that is involuntary. Therefore, according to the theory college students are victims of factors in the labor market that they cannot control (Fischer and others, pg. 49). However, the permanent income theory explains that employers analyze the economyà ¢Ã¢â€š ¬s depression or boom and adjust labor intake to meet price change in the economy hence, the rise in unemployment during the Great Recession.ConclusionIn essence, the labor market is under the laws of demand and supply. Therefore, to reach a state of equilibrium the rate of retirement should increase in the sense that an age limit of 50 years should be put in place. Similarly, unpaid internships should only be for the apprenticeship that should only last for three months. Moreover, college stude... Case Analysis of Unemployment among College Graduates - 275 Words Case Analysis of Unemployment among College Graduates (Research Paper Sample) Content: NameInstructorCourseDateCase Analysis of Unemployment among College GraduatesIn principle, a college education has been viewed as a critical investment that serves to benefit the individual for a lifetime. However, the Great Recession that hit in 2007 to 2009 left the labor market crumbled. Therefore, with its sluggish recovery college graduates are finding it hard to find a job (Abel, Deitz, and Su, pg. 1). In essence, they are forced to either stay unemployed, work part-time or accept lowly paying jobs that do not match with their qualifications.In 2010, during the recovery period of the Great Recession college graduatesà ¢Ã¢â€š ¬ unemployment rates peaked at approximately 5%. However, recent graduatesà ¢Ã¢â€š ¬ unemployment rates were more than 7% hence, supporting the claim that college graduates who just ventured into the labor market found it hard to secure a job (Abel, Deitz, and Su, pg. 2). Furthermore, recent research carried out in 2013 showed that newly g raduatesà ¢Ã¢â€š ¬ unemployment rate stood at 4.3% compared to 2.9% for college graduates in general.In essence, unemployment amongst the newly graduates is caused by the increase in an unpaid internship. According to Forbes magazine internships, have been diluted from serving their original purpose that in the past was the apprenticeship. Significantly, companies considered to be highly prestigious started offering unpaid positions and as a catalyst well-qualified candidates were willing to battle for free (Stone and McCraw, pg. 70). Moreover, the todayà ¢Ã¢â€š ¬s reality is that the entry level for applicants with a college degree does not meet the standards set outside. Therefore, the experience such candidatesà ¢Ã¢â€š ¬ posses do not qualify them for the given positions out there. On a similar note, the rate of retirement among the aged is little meaning very few are living the labor market to create room for the newly graduates.In principle, the Keynesian theory of unemploym ent describes unemployment as something that is involuntary. Therefore, according to the theory college students are victims of factors in the labor market that they cannot control (Fischer and others, pg. 49). However, the permanent income theory explains that employers analyze the economyà ¢Ã¢â€š ¬s depression or boom and adjust labor intake to meet price change in the economy hence, the rise in unemployment during the Great Recession.ConclusionIn essence, the labor market is under the laws of demand and supply. Therefore, to reach a state of equilibrium the rate of retirement should increase in the sense that an age limit of 50 years should be put in place. Similarly, unpaid internships should only be for the apprenticeship that should only last for three months. Moreover, college stude...

Enron And The Natural Gas Industry - 2792 Words

Kenneth Lay, Enron’s founder, was born in 1942 in Tyrone, Missouri. During young adulthood, he moved to Houston, Texas. While living in Houston, he earned a PhD in Economics. He worked in the Pentagon for a short time, and also in Washington, D.C. under President Nixon’s administration. He founded Enron in July of 1985. (http://news.bbc.co.uk/hi/english/static/in_depth/business/2002/enron/timeline/1.stm) Enron started out as a pipeline company. Through strategic mergers and acquisitions, they controlled a large share of the infrastructure that moved natural gas from one place to another. Ken Lay started Enron because he felt there was great opportunity to make money in the natural gas industry. He believed†¦show more content†¦He couldn’t do this on his own. From early on, he enlisted the help of a man named Jeff Skilling. One of the first things Skilling did at Enron was create what he called, â€Å"The Gas Bank†. (McLean and Elkin d, pg. 35) Using this, Enron was able to buy long-term contracts for profit, and later, trade them like a commodity. Enron was the pioneer of natural gas contract trading. No other natural gas company did this before. It revolutionized the way Enron made money. Originally, Enron made money mostly from their pipelines. Now, they incorporated trading into their revenues. Jeff Skilling had insisted from the onset of their natural gas contract trading, that he run that part of the business and that they use mark to market accounting, rather than Enron’s traditional cost accounting. (McLean and Elkind, pg. 39) The trading part of Enron’s business was hugely successful, in the beginning. Traders and executives were given huge bonuses and stock options, based on their performance. With this newfound success, the culture at Enron slowly evolved. All new hires that entered Enron were evaluated based on their ability to generate profits. Characteristics like teamwo rk and loyalty were no longer important. If you were a team player, but didn’t make profits, you were fired. This culture created a dysfunctional and cutthroat atmosphere at Enron. This profit-oriented culture was evident when