Management Planning of Arthur Anderson Essay - 1284 Words

In this paper, the writer will evaluate the planning function of management within Arthur Andersen. Specifically, the paper will discuss at least one legal, ethical, and social responsibility issue that impacts Arthur Andersen. Additionally, this paper will analyze the impact these factors have on Arthur Andersen’s management planning. Finally, this paper will analyze at least three factors that influence Arthur Andersen’s strategic, tactical, operational, and contingency planning. The firm of Arthur Andersen LLP was founded in 1913 by Arthur Andersen and Clarence DeLany and named Andersen, DeLany Co. The firm later changed its name to Arthur Andersen Co. in 1918. Arthur Andersen LLP, based in Chicago, Illinois, was one of†¦show more content†¦The court found that the instructions were worded in such a way that Andersen could have been convicted without any proof that the firm knew it had broken the law or that there had been a link to any official proce eding that prohibited the destruction of documents (www.wikipedia.com). According to wikipedia.com, â€Å"as of 2008, Arthur Andersen LLP has not been formally dissolved nor has it declared bankruptcy. Ownership of the partnership has been ceded to four limited liability corporations named Omega Management I through IV† (www.wikipedia.com). The planning function of management refers to â€Å"the process that includes defining an organization’s goals, establishing an overall strategy for achieving those goals, and developing a comprehensive set of plans to integrate and coordinate those activities necessary to achieving those goals† (Robbins, S.P., 2005, p.5). The planning function of management at Arthur Andersen was no different. When Arthur Andersen founded the accounting firm, it was built on the belief and business practice that reputation was more important than profit. It appears that over time, the strategy at Arthur Andersen became achieving the bot tom line at all cost, contrary to the belief of one of it’s founders, Arthur Andersen. Based on existing rules within the firm, all profits were equally divided amongst the firm’s partners. With the focus on profits and the flood ofShow MoreRelatedManagement Planning- Arthur Anderson1299 Words   |  6 Pageswill evaluate the planning function of management within Arthur Andersen. Specifically, the paper will discuss at least one legal, ethical, and social responsibility issue that impacts Arthur Andersen. Additionally, this paper will analyze the impact these factors have on Arthur Andersen’s management planning. Finally, this paper will analyze at least three factors that influence Arthur Andersen’s strategic, tactical, operational, and contingency planning. The firm of Arthur Andersen LLP wasRead MoreManagement Planning Paper on Arthur Andersen1221 Words   |  5 PagesRunning head: Management Planning Paper on Arthur Andersen Management Planning Paper on Arthur Andersen In 1913, the company Arthur Andersen started by Arthur Andersen and Clarence Delany by the name of Andersen, Delany, Co. In 1918, it was given the name Arthur Andersen Co. The company supplied tax, consulting services and auditing for the large business, and itself had a position in the Big Five accounting firms. 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A human resources manager covers a lot of behind-the-scenes activity related to employment: records maintenance, benefits administration, performance reviews, training, policy enforcement, skill assessment, career planning, payroll etc. Accordingly, Maple Leaf Shoes Ltd. should recruit a human resources professionals with a range of personal qualities and skills to perform the tasks and contribute to the growth of the company. Some of the requirements for the futureRead MoreHome Depot Supply Chain Management1480 Words   |  6 PagesHome Depot Supply Chain Management The History of Home Depot Growth of the Organization Home Depot (TheHomeDepot, n.d.) began as a two store operation in Atlanta, GA in 1979. The concept was the brainchild of Bernie Marcus and Arthur Blank, with inspiration from investment banker Ken Langone and well know merchandising expert Pat Farrah. They envisioned a one stop, do it yourself store that carried most of the products needed to do common home care projects. The first two Atlanta based storesRead MoreEnron Corporation and Andersen, Llp Analyzing the Fall of Two Giants1125 Words   |  5 Pagessix months and Kenneth Lay, who was the CEO/Chairman of Enron from 1996 through 2001, was reinstated to CEO after Skilling’s resignation due to â€Å"purely personal† reasons. Andersen. LLP was originally founded as Andersen, Delaney Co. in 1913 by Arthur Andersen, an accounting professor at Northwestern University in Chicago. By Andersen taking tough stands against clients’ aggressive accounting treatments, Andersen quickly gained a national reputation as a reliable keeper of the public’s trust. Read MoreSummary of Facts of the Case Study3381 Words   |  14 Pages1.0 SUMMARY OF FACTS OF THE CASE STUDY After understanding the overall of case study, Arthur Andersen: Questionable Accounting Practice, we have identified a few facts. 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