Future Assignment Example | Topics and Well Written Essays - 1000 words

Future - Assignment Example – (Baudrillard, 1993) Baudrillard was of the view that the art world, in recent years, has moved into dark insight for future, with creativity significantly stifled by lack of curiosity and aesthetic sense. The artistic intellect of people has been largely paralysed, leading the art world into anarchy and blindness. It is same as a biological system being affected by disorder in its internal genetics and inherent rules that govern it. Similarly, art world has faced turmoil due to collapse of the underlying components that establish its foundation. The above quoted statement suggests that currently, the field of telematics has suffered largely from its own backfired initiative taken for promoting transparency and candidness. To make it worse, eventually technology came into role-play which focused primarily on creating mobility and connectivity. In due course of achieving these goals, technology led the society into a scenario where face-to-face communication is no longer value d or considered (Baudrillard, 1993). Although, the whole propaganda of art has been observed to flourish across the globe in recent decades, this enhancement is not in real terms. The true spirit and obsession that was embedded in art forms in previous times has diminished largely. The innovation, that once led artists and spectators into an imaginary world and generated serenity and ecstasy for them, no longer exists in the modern world. Consequently, art has lost its cultural significance, emotional attachments and extrinsic value in our societies. Now, the masses have gone astray in absence of aesthetic sense for artistic objects and primarily focus on their materialistic values and religious implications (Gane, 1995). â€Å"Artists and ordinary Web surfers alike will have to determine whether cyberspace truly is a new form of absence and ‘transparent evil’, or whether, instead, it is a place for creative, intelligent, and beneficial sensory exploration and communal connection.† - C. Freeland Previously known merely as a network of computer terminals, cyberspace is no longer restricted to this simple and technical definition. Freeland claimed that the internet has embedded into our communities and lives to an extent where survival without it is not possible anymore. He stated that it has promoted transparency to unacceptable levels, thereby allowing social evils to be easily acknowledged by masses as part of the evolution process. It is only fair to state here that the global village is on the verge of entering an information and technology age where spatial creations shall be more valued than natural beauty. In context of art, internet has caused a major transition of people from appreciating reality and originality to accepting the virtual forms of art. Simulation discards the craving for an aesthetic eye to be pleased with some real piece of art; instead, it develops recognition for ‘hyperreal’ content which is limited on ly to screens that displays cyberspace interface. Transparency here refers to the increasing proximity of

The Nature of the Fraud and the Impact to the Company Assignment

The Nature of the Fraud and the Impact to the Company - Assignment Example Enron was a very prosperous and prominent firm that was an American energy company established in Houston, Texas. Enron was formed in 1985 by Kenneth Lay after he had acquired two other gas companies in his quest to become a conglomerate in the American history. Nonetheless, after Enron’s biggest scandal, shareholders lost around $11 billion as the company continued on the downward spiral. Enron finally filed for bankruptcy at its $63.4 billion in assets were completely diluted. Many of the stockholders got measly pennies back for the huge investments they had in the company. Enron was charged with â€Å"cooking the books† along with their associates Arthur-Anderson. In essence, the company was running a Ponzi scheme. A Ponzi scheme is a strategy used by creditors to attract new investors in the company and utilize their funds to pay off old debts. Enron’s financial statements did not comply with the operations and finances of the shareholders and analysts (2002) . The Enron Scandal and the Neglect of Management Integrity Capacity http://scholar.googleusercontent.com/scholar?q=cache:gxCBEAYU1csJ:scholar.goo). Moreover, the Enron management continued to implement unethical practices as they would modify the balance sheet in order to favor the revenue goals that the corporation wanted to achieve (2010). "Non-Media" Jury Prejudice and Rule 21(a). http://findarticles.com/p/articles/mi_7725/is_201010/ai_n57243330/) The continuous spiral of modifying the financial statements became a continuous habit and the lead cause of the downfall of the company. Undoubtedly, managers in corporate America have to protect the interests of the corporate executives along with the goals of the stakeholders. The management clearly neglected responsibility for overseeing the unethical practices that were plaguing the corporation. The Enron scandal continued to grow worse every year as it became a problem that was out of control (2010). "Non-Media" Jury Prejudice and Rule 21(a). http://findarticles.com/p/articles/mi_7725/is_201010/ai_n57243330/). The primary motivation for Enron was to keep their gross income high along with cash flow while diminishing their liabilities and long-term debts. The moral and legal framework that has been embedded in S The dynamic culture environment of Enron was clearly based on a money-making scheme. Corporate employees were under constant pressure to reach their revenue goals that the firm came up with. In essence, Enron’s corporate culture can be best depicted through aggressive growth, risk-taking, profit planning and commercial innovations. Although some may deem this as positive values, one cannot diminish the fact that a corporation must acknowledge and mitigate the risks (2006). Four Years After Enron. http://www.independent.org/publications/tir/article.asp?a=585). Since these values were not balanced and were never embedded in the principles of corporate integrity, the goal to reap high revenue beca me the core culture value for the organization.