Enron Corporation

Enron Corporation: Lessons in the Strategic Business use of IT. even off great ideas exhaust limits. Following the debut of Enron Corporations web based power and gas trading platform, receipts at the Houston-based energy connection jumped from $40.1 gazillion in 1999 to $100.8 billion the following year. But after striking gold by combining its energy industry experience with a knowledge domain class trading system. Enron (www.enron.com ) kept digging into new markets, convert that its IT Infrastructure had the Midas touch. In 2000, Enron suffered a $60milliom loss in its broadband craft. It struggled in more dozen unfamiliar industries and crushed at heart a year. Questionable partnerships, overaggressive investments, and shady accounting practices top a long list of factors in Enrons downfall. But as they look for lessons from historys biggest bankruptcy, executives in all industries be questioning whether they, like Enron, spend so much meter turning IT into a profit center that they lost stack of their organizations core missions. Is it time to go bear to the days when IT supported the business rather than become the business? I think Enrons bankruptcy is going to obtain a very sobering effect on boardrooms crosswise the country, said Dick Hudson, former CIO of Houston-based oil drilling comp any(prenominal) Global Marine Inc.

and now president of Hudson and Associates, an executive IT consulting crocked in Texas. You can almost see a banker mentally taking hold in the senior suites.Hudson said he has heard from CEOs who have been reviewing their risky IT ventures, such(prenominal) as application service provider spin-offs or remote e-commerce services , to make sure they dont have any investments that blow up in their faces. If they find any such ventures, he added, they will probably retrench. Its a bottomless pit. Charlie Lacefield, who retired from his position as CIO at Midland, Michigan-based Dow Corning Corporation tierce years ago, warned that although IT innovation is critical for... If you want to get a full essay, order it on our website: Ordercustompaper.com

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