![]() Most of them were actually happy that they no longer need to commute the long distances from home to the uni for a 2-hour class, for example. Yet, when you talked to students they were not unhappy as staff and the top managers in the uni. Students disappeared from the campuses, the whole system had shifted to the online delivery mode, universities had fallen massively short with millions of dollars in deficit, and thousands of university staff had lost their jobs as a consequence. It was a truly weird year in 2020 for the global education system during the COVID pandemic. The first and second being the US and China. And the funny fact is these two countries are the third and the fourth biggest economies in the world. ![]() ![]() Now if you want to compare this amount with countries GDP, you can buy the whole of Japan and Germany together with 8 trillion dollars. I've used my calculator to add up the total accumulative market cap that these five companies hold and the sum was above 8 Trillion dollars. If you look at the top three wealthiest companies in the world, they are Apple, Microsoft, and amazon following by Google and Facebook. So, this world of blockchain network is somehow indicating us to change the way we are operating in business. I don't know if you can imagine living in a world without a display screen in a normal day of your life. It is a world that computers run us humans rather than being vice versa. The truth is we are living in the blockchain world today. It is the only way to keep operating a healthy and prosperous company. A well-established ethical guideline must be in a direction to ensure the maximum return to the society. So, in affirmation to what was said before, it is always good to follow a set of ethical principles. In the year 2000 it had recorded a revenue of more than 100 billion dollars. And it is also interesting to know that before declaring bankruptcy, Enron's share value was priced at $90, and at the time of collapse, it was priced only 26 cents per share. By the end of 2001, Enron declared bankruptcy. As the true extent of Enron's debts became known to the public, its share price collapsed. Although using such entities was not illegal in itself, Enron's failure to disclose the necessary details of its dealings constituted accounting fraud. Enron used off-balance-sheet entities to hide the company's debts from investors and creditors. Enron scandal is one of the most famous examples of accounting fraud in history. However, the greed for money had always been proved to be the turning point of companies that were one day on top of the chart. Some may go safety, wellbeing, and technology the other one may go technology, science, and media, meanwhile, another company may outline profitability as its most appreciated value. ![]() Companies and big corporations, often outline priorities of value. This very term that is the word "wrong" is actually something that the corporation must decide and draw the red line around such behaviours that trigger the definition of being wrong. Corporations, because of their huge impact over many aspects of the economy in which they are operating, are bound with some set of morale to minimize the risk in case something or someone in the system goes wrong. ![]()
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