Exammining a Business Failure

Examining a Business mishap LDR/531 Organizational Leadership January 5, 2010 Examining a Business Failure WorldCom This report will try to look at the friendship WorldCom, and how their business did not endure. This paper will examine the antithetic styles of leadership, management, and the memorial tablet management structure to learn how, and why the organization collapsed. WorldCom was at that time the second largest long distance provider; however in July of 2002 WorldCom filed for bankruptcy protection. The WorldCom filing listed more than $107 gazillion in assets, far surpassing those of Enron, which filed for bankruptcy in celestial latitude of the previous year (Ramero and Atlas, 2002). Bernard John Ebbers the former CEO of WorldCom transform this relatively new unheard of company into one of the most(prenominal) colossal tele communication theory companies on the planet at that point in time. In 2002, the Securities and Exchange Commission investigator learned that Ebbers and WorldCom had been exaggerating $3.8 one million million million in expenses (Ramero and Atlas, 2002). Ebbers embarked into the telecommunication business providing long distance go in 1983 through a company originally cognise as LDDS.

Ebbers expanded the company through a serial publication of business acquisitions and later switched the name from LDDS to WorldCom in 1995 (Ramero and Atlas, 2002). In 1998 he acquired the number two long distance company MCI for $37 billion dollars making WorldCom a telecommunications powerhouse in the communications industry. In the 1990s WorldCom was high at the top of the industry and was a highly sought after by those seek opportunities and fortune in the industry. A bid to purchase run Corporation was submitted for the sum of $120 billion, the deal was stopped by regulators due to a sluggish market for telecom serve which would weaken the companys performance. The Justice Department had a number of concerns with the merger, one the control the new company would confuse over both... If you want to get a full essay, exhibition it on our website: Orderessay

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