Enron CEO Jeffrey Skilling says the company has reduced the number of employees from about 100,000 to just 30,000.
That has helped improve its efficiency and is giving it a better chance to compete in a rapidly changing economy.
Enron was once known as one of the biggest corporations in the world.
The collapse of the company in September 2008 caused more than $21 billion in losses for the firm.
The company was bailed out by the U.S. Treasury in December 2009.
Enrons core competencies are in energy production, commodities trading, transportation, finance and other areas.
Enrico Moretti, Enron’s chief executive officer, said in an interview that he believed the company was in a “better position” to compete with companies like Amazon, Apple, Google and Facebook.
Enrolment at Enron has been growing, he said.
He expects that the company will employ between 150,000 and 175,000 employees in 2017.
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Enzo Scarponi, a professor of business at the University of Southern California and former executive vice president of global operations at Enrons parent company Enron Energy, said Enron had a “tremendous ability to innovate” and that the new approach was designed to create more efficient products.
The new Enron, Scarponis said, will focus on building “the world’s best energy company.”
The company plans to make a profit and create a new industry.
EnRON will focus its efforts on building a new energy business that is a direct competitor to Enron.
Scarponis, who is now a venture capitalist, said that Enron is a company that has a lot of energy potential and has a good track record of getting it done.
“The question is what’s the path they’re going to take to get there?”
“Enron is building a product and then they’re trying to sell it.
This company is going to have to do a lot more work to prove itself.”
Enron will focus efforts on two key areas: energy efficiency and refining energy resources.
Scrapy and other tools can be used to identify energy sources that may not be available in the market, Scaparoni said.
Enrox, a competitor to the Enrons products, is also working on a refined fuel that uses water.
The technology is similar to the fuel Enron made from the Enrox fuel, Scarmoni said, and it’s a technology that Enrons has not previously developed.
Scapara said the company is not yet ready to reveal how much of Enron it plans to acquire.
Scarmones own shares of Enrox are worth about $11 billion.
Scargill, who was an employee at Enrox for two years and now heads a business development firm, said he is “disappointed” in Enron because the company can’t make a clear statement about how it plans on investing.
“It’s a company with a lot at stake,” Scargall said.
Scarspone said Enrons recent struggles could have a significant impact on the future of Enricos energy business.
“I don’t see Enron as a threat, but I do see a lot going on,” Scarmone said, adding that he would be surprised if the company were to go public at the end of the year.
Scarma is a senior editor at Bloomberg View.
He previously served as a staff writer at Business Insider.