A step-by-step, real-world guide to the use of Value at Risk (VaR) models, this text applies the VaR approach to the measurement of market risk, credit risk, and operational risk. The book describes and critiques proprietary models, illustrating them with practical examples drawn from actual case studies. Explaining the logic behind the economics and statistics, this technically sophisticated yet intuitive text should be an essential resource for all readers operating in a world of risk.

The text uses VaR techniques to analyze loans, derivatives, equity prices, foreign currencies and other financial instruments. Featuring comprehensive coverage of the BIS bank capital requirements, and including the latest proposals for the New Capital Accord, the book also describes the newest application of VaR techniques to operational risk measurement. The text examines the promise and the pitfalls of these risk measurement models, and makes recommendations for future research into this important area.

Security Metrics Management, Measuring the Effectiveness and Efficiency of a Security Program, Second Edition details the application of quantitative, statistical, and/or mathematical analyses to measure security functional trends and workload, tracking what each function is doing in terms of level of effort (LOE), costs, and productivity. This fully updated guide is the go-to reference for managing an asset protection program and related security functions through the use of metrics. It supports the security professional's position on budget matters, helping to justify the cost-effectiveness of security-related decisions to senior management and other key decision-makers. The book is designed to provide easy-to-follow guidance, allowing security professionals to confidently measure the costs of their assets protection program - their security program - as well as its successes and failures. It includes a discussion of how to use the metrics to brief management, build budgets, and provide trend analyses to develop a more efficient and effective asset protection program.

Managers can deploy and manage economic capital more effectively when they understand how their decisions add value to their organizations. "Economic Capital: How It Works and What Every Manager Needs to Know" presents new ways to define, measure, and implement management strategies by using recent examples, many from the sub-prime crisis. The authors also discuss the role of economic capital within the broader context of management responsibilities and activities as well as its relation to other risk management tools that are available to the modern risk manager.

Explains ways to use economic capital in balancing risk and return Evaluates solutions to problems encountered in establishing an economic capital framework Emphasizes intuition Draws special attention to embedding risk modelling approaches within economic capital frameworks

The world is spinning so fast it’s difficult to keep up. Two hundred and fifty years ago the Industrial Revolution replaced our arms and legs at work. The fourth Industrial Revolution is now replacing our brains. This technological shift is engulfing organisations and people. It’s challenging the very essence of what it means to be human.

Daily news headlines pose existential questions that used to belong in the pages of science fiction: Will a machine take my job? Are we becoming cyborgs? What happens when supercomputers become self-aware? If we can’t compete with artificial intelligence, what’s left?
 
Innovation guru Greg Orme provides a helpful, funny and supportive shove in the right direction. He explores the skills you need to survive and thrive in a world of artificial intelligence. He urges you to stop competing, and instead do things machines can’t. To become a more human, human.
 
This is a practical toolkit to master three intrinsically human ‘super powers’:

1. To ignite your innate CURIOSITY in a world of accelerating change…
2. To rediscover your CREATIVITY to produce an avalanche of game-changing ideas…
3. To develop CONNECTIVITY to kindle the passion, persistence and insights to successfully engage fellow humans to turn human creativity into business innovation.

The logical and enduring way to innovate. Conventional wisdom today says that to survive, companies must move beyond incremental, sustaining innovation and invest in some form of radical innovation. "Disrupt yourself or be disrupted!" is the relentless message company leaders hear. The Power of Little Ideas argues there's a "third way" that is neither sustaining nor disruptive. This low-risk, high-reward strategy is an approach to innovation that all company leaders should understand so that they recognize it when their competitors practice it, and apply it when it will give them a competitive advantage. This distinctive approach has three key elements: It consists of creating a family of complementary innovations around a product or service, all of which work together to make that product more appealing and competitive. The complementary innovations work together as a system to carry out a single strategy or purpose. Crucially, unlike disruptive or radical innovation, innovating around a key product does not change the central product in any fundamental way. In this powerful, practical book, Wharton professor David Robertson illustrates how many well-known companies, including CarMax, GoPro, LEGO, Gatorade, Disney, USAA, Novo Nordisk, and many others, used this approach to stave off competitive threats and achieve great success. He outlines the organizational practices that unintentionally torpedo this approach to innovation in many companies and shows how organizations can overcome those challenges. Aimed at leaders seeking strategies for sustained innovation, and at the quickly growing numbers of managers involved with creating new products, The Power of Little Ideas provides a logical, organic, and enduring third way to innovate.

Bring strategy into your daily work. It's your responsibility as a manager to ensure that your work--and the work of your team--aligns with the overarching objectives of your organization. But when you're faced with competing projects and limited time, it's difficult to keep strategy front of mind. How do you keep your eye on the long term amid a sea of short-term demands? The HBR Guide to Thinking Strategically provides practical advice and tips to help you see the big-picture perspective in every aspect of your daily work, from making decisions to setting team priorities to attacking your own to-do list. You'll learn how to: Understand your organization's strategy Align your team around key objectives Focus on the priorities that matter most Spot trends in your company and in your industry Consider future outcomes when making decisions Manage trade-offs Embrace a leadership mindset

This book describes the organizational and managerial ways in which firms can overtake and pass other firms. Ackoff stresses the concept of "quality of life" within an organization, and outlines three major ways this can be achieved.

This book aims to provide a general overview of heuristic search, to present the basic steps of the most popular heuristics, and to stress their hidden difficulties as well as their opportunities. It provides a comprehensive understanding of Heuristic search, the applications of which are now widely used in a variety of industries including engineering, finance, sport, management and medicine. It intends to aid researchers and practitioners in solving complex combinatorial and global optimisation problems, and spark interest in this exciting decision science-based subject. It will provide the reader with challenging and lively methodologies through which they will be able to design and analyse their own techniques

Information is not taken seriously. Much is said about the information age, the information economy, the information society, and particularly about information technology, but little about information itself. If these are important, then so is information. But information is not as other goods: it has some peculiar characteristics. It cannot be displayed for sale without giving it away in the process. Sold, it goes to the buyer but still remains with the seller. Buying entails expressing demand in ignorance for buyers who do not know just what it is that they do not know. Such characteristics have long been recognised by economists, but it is not generally economists who have most to say about the importance of information. This privilege is exercised by senior managers, who speak passionately about knowledge-based, learning organizations; by politicians and public servants, anxious to compensate with policy and programme for the information failure of organization and market; and by specialists in telecommunications and information technology, bent on adding value to what they treat as just a commodity. Information usually requires new information. Finding, acquiring, and mixing

Successful leaders know that leadership is less often about having all the answers--and more often about asking the right questions. The challenge lies in being able to step back, reflect, and ask the key questions that are critical to your performance and your organization's effectiveness. In What to Ask the Person in the Mirror, HBS professor and business leader Robert Kaplan presents a process for asking the big questions that will enable you to diagnose problems, change course if necessary, and advance your career. He lays out areas of inquiry, including questions such as: *Do I clearly articulate my vision and top priorities to my employees and key constituencies? *Does the way I spend my time enable me to achieve my top priorities? *Do I give subordinates timely and direct feedback they can act on? Do I actively seek feedback myself? *Have I developed a succession roadmap? *Is my organization's design aligned with the achievement of its objectives? *Is my leadership style still effective, and does it reflect who I truly am? Packed with real-life situations, this highly readable and practical guide helps you learn to ask the right questions--and work through the answers in ways that are right for you. By asking these questions, you can tackle the inevitable challenges of leadership as you craft new strategies for staying on top of your game.

In recent years leading figures in a variety of fields - political, financial, medical, and organizational - have become acutely aware of the need to effectively incorporate aspects of risk into their decision-making. This book addresses a wide range of contemporary issues in decision research, such as how individuals deal with uncertainty and complexity, gender-based differences in decision-making, what determines decision performance and why people choose risky activities. The book presents results from academic research carried out over the last twenty years. A common theme is the study of decisions made in horserace betting markets, a research medium which offers a rich insight into decision-making in general and one which enjoys particular methodological advantages over laboratory-based simulations. This set of naturalistic studies explores the variety of individual motivations for betting, how people perceive and respond to the presence of uncertainty, the challenges of complex and turbulent information and the use of heuristics as a response, how decision-making performance is affected by structural or process-related features of the decision environment, and how men and women differ in their decision behaviour. The authors' interesting and novel findings offer a richer understanding of the psychological and economic underpinnings of betting behaviour which should inform practitioners, policymakers and regulators in an industry which is undergoing unprecedented global growth. The book is also relevant to courses covering subject areas such as financial markets, decision-making and behavioural finance.

Innovation is central to business success, yet no other aspect of business is as frustrating and out of control. Instead of occurring in fits and starts and strokes of genius, innovation needs to become an all-the-time event that's measurable, reliable, predictable, streamlined, and effective. Asserting that every innovation objective has a finite set of possible solutions given its unique constraints, TRIZ, the Theory of Inventive Problem Solving, is a structured system for making innovation more manageable and profitable. Divided into five parts, Insourcing Innovation: How to Achieve Competitive Excellence Using TRIZ demonstrates how the applicationof a consistent, systematic approach will render innovative problem solving a dependable reality rather than an enigmatic phenomenon. Part I provides a framework for thinking about business excellence and the case for why TRIZ is a world-class approach for achieving perpetual innovation with existing resources. Part II covers the tactical aspects of TRIZ, with a central focus on the TRIZ methodology (DMASI) and its primary constructs, techniques, and components. Part III provides implementation case examples, including an in-depth breakdown of how TRIZ was used to create a self-heating beverage container. This part also summarizes how TRIZ was applied to innovate parts of the International Space Station, the Cassini Saturn orbiter, and even hospital triage. Part IV transitions from the tactical aspects of TRIZ to its strategic aspects, which show you that no single innovation stands alone. All tap into one or more of eight evolutionary forces to become what they are. This part describes these forces with related examples. Part V discusses how structured innovation is part of the larger system of "total performance excellence." Highlighting their interdependence, it shows how key aspects of business excellence enable structured innovation, and at the same time are enabled by structured innovation.

Andy Garlick's book explores the role of quantitative techniques in modern risk management. Risk management has grown in importance in most organisations in the last 20 years, but in many remains simply a matter of processing lists of risks and actions. The author argues that this fails to make the most of the techniques available and that organisations can improve their risk decision making by using risk models. His book describes a broad range of modelling techniques, all illustrated by business-relevant examples. The role of the models in decision making is also discussed, with particular emphasis on what the risk premium - the price people charge for accepting risk - is and should be. In order to provide a self contained account the underpinning material from probability and decision theory is also included, so that the book will provide a handy reference guide for all practitioners. The discussion is consistently informal, and the book provides a critical view of the accepted wisdom in risk management. This book will enable managers and their specialist advisors to improve their approach to risk whilst removing the mystique.

Have you ever had a bad boss? Do you think so many bosses are bad because they're "jerks" or because they just don't know HOW to lead? Bottom line, there are some jerks out there, but Ken Pasch's research shows that most bosses are frustrated because they just don't know how to lead. That frustration leads to some very bad relationships and outcomes. On Course helps begin turn this around. Unlike so many other books that tell professionals what a good leader should be, On Course is the first step in learning how to become a good leader. The revolutionary model business professionals learn is the result of Ken's transition from being one of those bad bosses, years ago, to becoming a successful leader. Don't take Ken's word for it, listen to the testimonials from others. Then, dive into On Course to discover how you, too, can become a great leader and soar!

As established markets become less profitable, companies increasingly need to find ways to create and capture new markets. Despite much investment and commitment, most firms struggle to do this. What, exactly, is getting in their way? World-renowned professors W. Chan Kim and Renee Mauborgne, the authors of the best-selling book Blue Ocean Strategy have spent over a decade exploring that question. They have seen that the trouble lies in managers' mental models--ingrained assumptions and theories about the way the world works. Though these models may work perfectly well in mature markets, they undermine executives' attempts to discover uncontested new spaces with ample potential (blue oceans) and keep companies firmly anchored in existing spaces where competition is bloody (red oceans). In this bound version of their bestselling Harvard Business Review classic article, they describe how to break free of these red ocean traps. To do that, managers need to: (1) Focus on attracting new customers, not pleasing current customers; (2) Worry less about segmentation and more about what different segments have in common; (3) Understand that market creation is not synonymous with either technological innovation or creative destruction; and (3) Stop focusing on premium versus low-cost strategies.

The Harvard Business Review Classics series offers you the opportunity to make seminal Harvard Business Review articles a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world--and will have a direct impact on you today and for years to come.

... an impassioned work ... - Social and Environmental Accounting Journal Vol. 26 Issue 1 || Mr Waddell synthesizes the lessons from ... examples and provides guidance on how other organizations can move away from an adverserial approach and adopt the philosophy that "we're all in it together". - The Chronicle of Philanthropy, 29 September 2005 || By taking a stakeholder engagement and issue/opportunity-centric strategy, the book aims to make it easier to solve differences. It does so by identifying sources of tension and opportunity and describes the processes of building relationships that can produce mutual rewards. - Sustainability Radar, August 2005 || SLC is a brave and timely step forward, showing us that we can create solutions through enhanced engagement and the re-framing of issues for the common good. www.publish.csiro.au/ecos. Read the full review - ECOS: Australia's magazine on Sustainability - Sophie Constance || A readable book full of valuable insights. - Long Range Planning Vol. 39 (2006)

... an impassioned work ... - Social and Environmental Accounting Journal Vol. 26 Issue 1 || Mr Waddell synthesizes the lessons from ... examples and provides guidance on how other organizations can move away from an adverserial approach and adopt the philosophy that "we're all in it together". - The Chronicle of Philanthropy, 29 September 2005 || By taking a stakeholder engagement and issue/opportunity-centric strategy, the book aims to make it easier to solve differences. It does so by identifying sources of tension and opportunity and describes the processes of building relationships that can produce mutual rewards. - Sustainability Radar, August 2005 || SLC is a brave and timely step forward, showing us that we can create solutions through enhanced engagement and the re-framing of issues for the common good. www.publish.csiro.au/ecos. Read the full review - ECOS: Australia's magazine on Sustainability - Sophie Constance || A readable book full of valuable insights. - Long Range Planning Vol. 39 (2006)

The future of work is already here. Customers are adopting disruptive technologies faster than your company can adapt. When your customers are delighted, they can amplify your message in ways that were never before possible. But when your company's performance runs short of what you've promised, customers can seize control of your brand message, spreading their disappointment and frustration faster than you can keep up. To keep pace with today's connected customers, your company must become a connected company. That means deeply engaging with workers, partners, and customers, changing how work is done, how you measure success, and how performance is rewarded. It requires a new way of thinking about your company: less like a machine to be controlled, and more like a complex, dynamic system that can learn and adapt over time. Connected companies have the advantage, because they learn and move faster than their competitors. While others work in isolation, they link into rich networks of possibility and expand their influence. Connected companies around the world are aggressively acquiring customers and disrupting the competition. In The Connected Company, we examine what they're doing, how they're doing it, and why it works. And we show you how your company can use the same principles to adapt - and thrive - in today's ever-changing global marketplace.

Highly Commended Award - People, Culture & Management Book at the 2022 Business Book Awards The Performance Management Playbook takes the stress out of managing people. This practical book coversthe must-have conversations from daily feedback to annual pay reviews; from dealingwith poor performance to setting challenging expectations. With 15 conversation guides to improve yourconfidence in managing performance, numerous activities to make you and yourteam less stressed, happier and more productive, as well as toolkits to helpyou improve performance now, no matter what appraisal process your organisationhas in place, this book makes it easy to dip in and develop great performanceconversations specific to the challenges you face. Learn from 25 real world examples: from global and local organisations; from 100employees to over a million; from sectors as varied as financial services,transport, technology, central and local government, TV production, mining,healthcare and construction. The Performance Management Playbook will help you move from anxiety-ridden one-off appraisals to morerewarding regular and meaningful conversations about performance.

SHORTLISTED: Business Book Awards 2022 - Leadership Find out what makes great leaders tick, learn what it takes to be credible and read about the things that they'd do differently if they had to do it all again. The Nine Types of Leader introduces some obvious and some not so obvious types of leader through stories, anecdotes and insight garnered from hundreds of encounters with world-class leaders. Featuring interviews with industry titans including Jean-Francois Decaux of JC Decaux, Michael Rapino of Live Nation, Zhang Ruimin of Haier, Gavin Patterson of Salesforce and Isabelle Kocher of Engie, it explores how the leaders of tomorrow will improve their game by borrowing from the very best of the nine types of leader that exist today. Renowned journalist, James Ashton assesses the strengths and weaknesses of each leadership type, highlighting where and when they are best deployed, whilst helping you identify who you are and how you can improve performance. As the world seeks to recover from drastic disruption and uncertainty and the most acute test of leadership in living memory, it projects how future leaders can learn from what has gone before.