ENRON Case Study Essay Example | Topics and Well Written Essays - 1500 words

ENRON Case Study - Essay Example ? What is so staggering, so appalling, so outrageous is that this once $50 billion company melted to nothingness during the period November 8, 2001, when it restated its earnings retroactive to 1997, to December 2, when it filed bankruptcy (Hartgraves, 2002)†. On October 16, 2001, Enron Corporation of Houston, Texas, one of the largest corporations in the world, announced it was reducing its after-tax net income by $544 million and its shareholders equity by $1.2 billion. On November 8, it announced that, because of accounting errors, it was restating its previously reported net income for the years 1997–2000. These changes reduced its stockholders equity by $508 million. Thus, within a month, Enrons stockholders equity was lower by $1.7 billion (18% of previously reported $9.6 billion at September 30, 2001) (Hartgraves, 2002). The ability to respond to the needs of the customer by identifying them is the most important strength of Enron. Another added advantage or strength is the integrated approach that the company has got towards doing business at an international level. The company has also got extensive access to various physical assets. This acts as one of its strengths because this is expected to results in growth of earnings continuously. The manpower that Enron has got was also a major strength of the company. The staff of Enron took pride over the company and they gave out their best to improve the performance of the company. The environment of the company was felt to be very innovative and progressive by most of its employees. Also the company had a strong voice of the public i.e. a very good name among the investor group. This too can be attributed as one its strength. Apart from this, Enron was ranked as the seventh on the list of fortune 500 companies which gave the company vast fame as a credible company (Jeff Porter, 2005). â€Å"The company’s reputation and public perception were also considered to be its strengths (Jeff Porter,

SHORT-TERM AND TIME-DEPENDENT FLEXURAL BEHAVIOUR OF STEEL-FIBRE Research Proposal

SHORT-TERM AND TIME-DEPENDENT FLEXURAL BEHAVIOUR OF STEEL-FIBRE REINFORCED REACTIVE POWDER CONCRETE - Research Proposal Example it should be noted that high strength concrete is also very brittle, which is a undesirable property(Rossi, 50, 2001). For this purpose, concrete has been experimented with several materials in order to remove the brittleness. One such material is the fiber material, which is added to concrete in order to improve its properties. Fiber reinforced concrete was introduced in order to reduce the brittleness of concrete. With its enhanced and improved properties, extensive research and studies have been conducted on it. In recent times, fiber reinforced Reactive Powder Concrete has been subjected to research and development. As compared to conventional concrete, Reactive Power Concrete is considered to be a new construction material. It exhibits brilliant and outstanding properties such as high strength, toughness, durability, etc. because of these properties, RPC is considered to be an ideal construction material for construction because of its high compressive strength and durability to withstand high tensile forces (Rossi, 51, 2001). RPC and steel bars are used to make reinforced RPC, which has significant conceptual and practical importance. Countries such as China, Koreas, Russia, France, etc have experimented with RPC in order to study and investigate its properties. It was first introduced in the early nineties (Richard, Cheyrezy, 1509, 1995). The study will employ the used of steel fiber reinforced RPC, which will be developed from the materials which are available locally. The material will be subjected to wide ranging tests in order to understand and evaluate its material properties. Additionally, time dependent properties will be analyzed. Reactive Powder Concrete is considered to high strength material, which has cementing properties. It is made from fine powders and has silica fume content. At the same time, it has a low water cement ratio as compared to normal