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Companies Like Enron, WorldCom, and Tyco International, Ltd

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Essay

Companies like Enron, WorldCom, and Tyco International, Ltd. have been caught in the midst of ethical lapses that led to fines, firings, and criminal and/or civil prosecution. List and briefly describe three factors that are responsible for what went wrong in these companies.


Definitions:

Psychotherapy

A form of therapy aimed at improving mental health, where a trained therapist uses psychological techniques to help individuals understand and overcome their issues.

Human Condition

A broad term that encompasses the essential experiences and existential challenges faced by human beings, including life, death, suffering, and the pursuit of meaning.

Personal Construct System

A psychological framework suggesting individuals use personal constructs, which are unique, dichotomous concepts, to interpret and predict the world around them.

George Kelly

An American psychologist known for his development of personal construct psychology.

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