Hello, I am looking for someone to write an article on Risk Management: Major Lose in ENRON. It needs to be at least 2000 words.

Hello, I am looking for someone to write an article on Risk Management: Major Lose in ENRON. It needs to be at least 2000 words. However, the disclosures of clandestine measures and illicit practices later reduced the credibility, reputation, and goodwill of the company followed by a steep decline in the value of shares. Consequently, Enron became the biggest corporate failure in US history having more than $1 billion debts and financial obligations to creditors (Puscas 1, 2002).Finally, a conclusion will be presented to summarise the main findings and scope of a new risk management strategy that could help to avert corporate failures like Enron. As far as the risk identification is concerned, it should be mentioned that Enron had a comprehensive risk management policy that aimed to reduce all market, operational, credit, capital, funding, currency fluctuation, interest rate, and portfolio risks so that the global producer would maximize its profits and wealth of shareholders. Indeed, Enron Company had a Global Risk Management Operations (GRMO) business function of which the sole responsibility was to identify all potential small and larger risk factors through the implementation of a proactive approach. As a result, Enron would be able to eradicate such potential and actual risks that had the ability to impact revenue streams, profitability, liquidity and debt management (CEE Report, 2002). It is worthwhile to mention that the company had separate risk measurement tools to analyze and evaluate market and credit risks. For instance, the company used to measure its market risk that refers to changes in market circumstances, forces, and factors. Indeed, Enron had established a separate business function that was known as Global Risk Management Operations (GRMO). For instance, this unit was responsible for gathering data and transforming it into pertinent information through statistical models and tools.