Authors: Achinto Roy
Addresses: School of Management and Marketing, Deakin University, Australia
Abstract: In the early nineties, Enron USA went to India to set up a $3 billion power plant at the express invitation of the then Indian government. The process and incidents associated with the setting up of the Dabhol Power Company are highly relevant, even in current times, for companies who intend to set up operations in India. The case is a good example of the strategic importance of ethical corporate decision-making and good stakeholder management practices as an inherent part of a company|s culture. If a company lacks this understanding, then it is likely to experience stakeholder opposition and stakeholder management disasters that can ultimately have a serious impact on the company|s success.
Keywords: Enron Corporation; Dabhol Power Company; India; USA; United States; ethical decision making; business ethics; stakeholder management; corruption; electricity generation; power plants; corporate culture; success; organisational culture.
International Journal of Business and Globalisation, 2010 Vol.5 No.2, pp.188 - 199
Published online: 02 Aug 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article