The last five years have witnessed a great momentum in the research into measures of financial risk. After many years of ad-hoc and non-consistent measures, now the problem is finally well formulated and some useful and very user-friendly solutions have been proposed. These new measures of risk should be of great interest for investors, financial institutions as well as for regulators.

Under the editorship of Professor Giorgio Szego of the University of Rome "La Sapienza," this book is a collection of the revised and updated papers from prestigious international specialists who are leaders in their field, amongst whom is Robert Engle, a newly-announced Nobel prize-winner in finance. These authors bring a broad perspective across a wide selection of topics, ranging from the critique of some currently used methods, like Value at Risk, to the presentation of some correct risk measures and of some advanced application

The book provides a detailed and up-to-date reference for researchers within academia, and risk managers or financial engineers.

A source for anyone - from mid-level through to top-level executives - who needs to implement business decisions on time and within budget. The author illustrates that change needs to be made quickly, effectively, economically and with as little political fallout as possible. His methods should teach today's managers to negotiate these transitions by teaching them what distinguishes resilient people from those who suffer future shock and why major change is difficult to assimilate. It teaches the key elements and the flow of events involved in human transition; what roles are central to change in organizational settings; how people become committed to change; why organizational culture is so important to a change's success; and why teamwork is at the heart of achieving change objectives. Organizations need to start managing at the speed of change to meet today's challenges with confidence. The book is based on case studies from leading international organizations such as AT&T and Pepsi-Cola.

Evaluation examines policies and programs across every arena of human endeavor, from efforts to stop the spread of HIV/AIDS to programs that drive national science policy. Relying on a vast array of methods, from qualitative interviewing to econometrics, it is a "transdiscipline," as opposed to a formal area of academic study. Accounting for these challenges, Evaluation Foundations Revisited offers an introduction for those seeking to better understand evaluation as a professional field. While the acquisition of methods and methodologies to meet the needs of certain projects is important, the foundation of evaluative practice rests on understanding complex issues to balance. Evaluation Foundations Revisited is an invitation to examine the intellectual, practical, and philosophical nexus that lies at the heart of evaluation. Thomas A. Schwandt shows how to critically engage with the assumptions that underlie how evaluators define and position their work, as well as how they argue for the usefulness of evaluation in society. He looks at issues such as the role of theory, how notions of value and valuing are understood, how evidence is used, how evaluation is related to politics, and what comprises scientific integrity. By coming to better understand the foundations of evaluation, readers will develop what Schwandt terms "a life of the mind of practice," which enables evaluators to draw on a more holistic view to develop reasoned arguments and well fitted techniques.

If you are a student on an MBA or management course, you will be expected to demonstrate a knowledge of a range of models. This textbook collects together 45 models likely to be required by management students, summarized in a standard format. Each entry contains: a diagram of the model; the principles on which it is based; underlying assumptions; guidance on application and other relevant issues; related models; and sources of further reference. Models are organized by subject area: accounting; business strategy; human resources; organizational strategy; and strategic marketing. An alphabetical matrix index facilitates the process of finding the right model quickly. This book was first published in hardback as "Proven Management Models".

Empowers managers with over 75 key strategic tools to ensure both short-term and long-term success for their business.

This book delivers professional-level information in the practical and accessible framework synonymous with the Key series. This book provides readers with the full gamut of tools and techniques needed to create their own strategic plan, breaking the subject down into over 75 accessible tools and models.

Key Strategy Tools be will help cherry-pick the most useful approaches for business and create a robust strategy that withstands investor scrutiny and becomes the roadmap to success.

The command-and-control leadership techniques of the past are increasingly ineffective. Instead, today's business leaders need to be alert, agile, enterprising, and skilled in the art of diplomacy. Leading People will show readers it's not enough to have courage and charisma. For the twenty-first century, leaders also need communication, conflict-resolution, and motivational skills. After all, leaders not only cope with change - they create it Readers will learn to: Set a Direction; Inspire Followers; Craft Your Vision; and Drive Change.

"How can I keep knowledge from walking out the door when employees leave?" This pressing question is insightfully answered in this landmark book. Operational knowledge has never been more critical to organizational success. Knowledge loss from downsizing, imminent baby-boomer retirements, and high job turnover have created a knowledge continuity crisis that poses an unprecedented threat to organizational productivity and profits. Based on extensive research, Continuity Management solves this crucial problem of knowledge loss for managers at any organizational level by describing an effective strategy for preserving knowledge continuity between employee generations. Revolutionary in its effect, but evolutionary in its practice, continuity management is fueling a new knowledge revolution. This book is about that revolution-and how to lead it."

ADVANCE PRAISE FOR CONTINUITY MANAGEMENT

"The book you're holding can help you reverse the tide of 'corporate forgetting.' It explains how to manage the entire cycle of identifying, transferring, and harnessing your company's operational knowledge. And that's key because knowledge continuity is quickly becoming the new competitive battlefield. Tip the balance in your favor by reading this thoughtful book." —Mike Ruettgers, Executive Chairman, EMC Corporation

"This is the first book to examine in detail the loss of knowledge caused by downsizing and turnover and the first to offer a viable solution. This break-through method for maintaining knowledge continuity between employee generations will change the corporate landscape for years to come." —Murray Martin, Group President, Global Mail, Pitney Bowes Inc.

"Continuity management is the missing link in knowledge management that will mean significant increases in productivity and knowledge creation-cutting-edge thinking regarding knowledge as a corporate asset." —Newton F. Crenshaw, Vice President, Eli Lilly and Company, E.Lilly Division

"The concepts presented in Continuity Management, provide essential guidance for how soldiers can leverage the Army's knowledge, so we can adapt to each new fight and win our nation's wars." —Lieutenant General Peter Cuviello, Chief Information Officer, U.S. Army

"This is a topic that is at the top of the list for many organizations and Beazley, Boenisch, and Harden have provided a compelling way to address it in Continuity Management. They 'get it' that the knowledge that employees have is not just individual understanding, but is embedded within a community. Continuity Management is an insightful blend of individual and community responsibility for organizational knowledge." —Nancy M. Dixon, Organizational Knowledge Consultant and author of Common Knowledge

Every educator knows that the most effective way to learn is by 'doing' - and nowhere is that truth more clearly seen than in management development. This wide-ranging book explains what is involved in planning and running project-based management development programmes and demonstrates the benefits for both the individuals and the organizations concerned. Drawing on the unrivalled experience of PA-Sundridge Park Management Centre in this field, the authors: c show how to set up the necessary frameworks c describe programmes for different levels of management, including 'top teams' c examine the role of the sponsor c point out the potential pitfalls and indicate how to avoid them c look at the influence of national culture. With summaries and checklists, and case studies focusing on ICI, Allied Domecq, Volvo, Gestetner, Lloyds Bank Insurance Services, The Inland Revenue, London Underground and others, the emphasis throughout is very much on the practical. For anyone concerned with improving managerial performance, this is a book that will repay careful study.

This book fills a void for a balanced approach to spreadsheet-based decision modeling. In addition to using spreadsheets as a tool to quickly set up and solve decision models, the authors show how and why the methods work and combine the user's power to logically model and analyze diverse decision-making scenarios with software-based solutions. The book discusses the fundamental concepts, assumptions and limitations behind each decision modeling technique, shows how each decision model works, and illustrates the real-world usefulness of each technique with many applications from both profit and nonprofit organizations. The authors provide an introduction to managerial decision modeling, linear programming models, modeling applications and sensitivity analysis, transportation, assignment and network models, integer, goal, and nonlinear programming models, project management, decision theory, queuing models, simulation modeling, forecasting models and inventory control models. The additional material files Chapter 12 Excel files for each chapter Excel modules for Windows Excel modules for Mac 4th edition errata can be found at https://www.degruyter.com/view/product/486941

Colorfull provides a roadmap for creating a company culture that is truly inclusive, welcoming, and equitable. With actionable strategies supported by first-hand interviews with Fortune 500 CEOs and CHROs, Colorfull unlocks the secrets for creating workplaces that consistently attract, develop, and retain professionals of color. Rich in substance, candor, and reassurance, Colorfull cuts to the heart of why so many organizations struggle to make meaningful progress with DEI initiatives. Without blame or recrimination, the author articulates the unspoken fears that prevent most leaders from seeing the results they want-and need-in order to remain competitive in an evolving market. Colorfull shows leaders how to step outside comfort zones, lead DEI from the top down, and create corporate cultures that will truly attract and retain top talent of color. Any hiring manager, CEO, or DEI manager will benefit from the insights throughout, empowering them to bring truly transformative change to their organizations. This one-of-a-kind read is packed with real world scenarios, true stories from those who've tried, failed, tried again, and are still on the journey by using the leadership strategies presented here. Colorfull pulls back the curtain in a non-threatening, engaging way that makes success with DEI both accessible and attainable.

At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk, and scarcity. Yet not all of our choices are purely logical, and so there is a longstanding tension between those emphasizing the rational and irrational sides of human behavior. One strand develops formal models of rational utility maximizing while the other draws on what behavioral science has shown about our tendency to act irrationally. In Risk, Choice, and Uncertainty, George G. Szpiro offers a new narrative of the three-century history of the study of decision making, tracing how crucial ideas have evolved and telling the stories of the thinkers who shaped the field. Szpiro examines economics from the early days of theories spun from anecdotal evidence to the rise of a discipline built around elegant mathematics through the past half century's interest in describing how people actually behave. Considering the work of Locke, Bentham, Jevons, Walras, Friedman, Tversky and Kahneman, Thaler, and a range of other thinkers, he sheds light on the vast scope of discovery since Bernoulli first proposed a solution to the St. Petersburg Paradox. Presenting fundamental mathematical theories in easy-to-understand language, Risk, Choice, and Uncertainty is a revelatory history for readers seeking to grasp the grand sweep of economic thought.

Most teams underperform. Yours can beat the odds. If you read nothing else on building better teams, read these 10 articles. We've combed through hundreds of articles in the Harvard Business Review archive and selected the most important ones to help you assemble and steer teams that get results. Leading experts such as Jon Katzenbach, Teresa Amabile, and Tamara Erickson provide the insights and advice you need to: Boost team performance through mutual accountabilityMotivate large, diverse groups to tackle complex projectsIncrease your teams' emotional intelligencePrevent decision deadlockExtract results from a bunch of touchy superstarsFight constructively with top-management colleagues

Der Autor untersucht unter Berucksichtigung der Neuerungen durch das SanInsFoG, ob die mit der drohenden Zahlungsunfahigkeit i. S. d. 18 InsO verbundenen rechtspolitischen Ziele des Gesetzgebers erreicht wurden. Dabei nimmt er zu bisher wenig beachteten Rechtsfragen im Zusammenhang mit den Eroeffnungsgrunden nach 17 ff. InsO Stellung, entwickelt eine eigene Prufungssystematik fur den Tatbestand des 18 InsO und unterbreitet einen Reformvorschlag zur Abloesung des 19 InsO. Er beleuchtet die bestehenden Anreize fur eine fruhzeitige Verfahrenseinleitung mit Fokus auf die gesetzlichen Sanierungsinstrumente sowie die Konkurrenzsituation zum StaRUG und unterbreitet fur klarungsbedurftige Einzelfragen Loesungsvorschlage. Der Autor stellt fest, dass de lege lata kaum geeignete Anreize zur Foerderung einer Verfahrenseinleitung bereits bei drohender Zahlungsunfahigkeit vorhanden sind und der Gesetzgeber daher das mit 18 InsO verfolgte Ziel nach wie vor verfehlt. Anschliessend prasentiert er konkrete Vorschlage zur Weiterentwicklung des geltenden Rechts de lege ferenda.

This book is about increasing team performance. It focuses on building system dynamics models when tackling a mix of interrelated strategic problems to enhance team learning, foster consensus, and create commitment. The book is intended to be applied in the organizations of today. As the "command and control" organization evolves into one of decision-making teams, so these teams have become the critical building blocks upon which the performance of the organization depends. The team members face an increased complexity of decision making with the interrelation of several strategic problems. What this means is that people have different views of the situation and will define problems differently. However, research shows that this can in fact be very productive if and when people learn from each other in order to build a shared perspective. Learning in this way might prove to be the only sustainable competitive advantage for organizations in the future. As a result, team leaders want to create "learning teams" and are confronted with issues such as how to:

• create a situation where people doubt their ideas rather than stubbornly cling to dearly held views
• create a learning atmosphere rather than trying to "win" the discussion
• create a shared understanding of a problem in a team
• foster consensus and create commitment with a strategic decision
• facilitate Group Model Building

This book is intended as a text covering the central concepts and techniques of Competitive Markov Decision Processes. It is an attempt to present a rig orous treatment that combines two significant research topics: Stochastic Games and Markov Decision Processes, which have been studied exten sively, and at times quite independently, by mathematicians, operations researchers, engineers, and economists. Since Markov decision processes can be viewed as a special noncompeti tive case of stochastic games, we introduce the new terminology Competi tive Markov Decision Processes that emphasizes the importance of the link between these two topics and of the properties of the underlying Markov processes. The book is designed to be used either in a classroom or for self-study by a mathematically mature reader. In the Introduction (Chapter 1) we outline a number of advanced undergraduate and graduate courses for which this book could usefully serve as a text. A characteristic feature of competitive Markov decision processes - and one that inspired our long-standing interest - is that they can serve as an "orchestra" containing the "instruments" of much of modern applied (and at times even pure) mathematics. They constitute a topic where the instruments of linear algebra, applied probability, mathematical program ming, analysis, and even algebraic geometry can be "played" sometimes solo and sometimes in harmony to produce either beautifully simple or equally beautiful, but baroque, melodies, that is, theorems."

Learn how to take risks, thrive and build your dream career. 'Sukhinder is one of Silicon Valley's most well-respected leaders. Her unique style of authenticity, optimism and hustle will help anyone unlock their career potential' - Eric Schmidt, former chairman & CEO, Google Each one of us dreams of possibility - in our careers and in our personal lives. But our pursuit of possibility is hamstrung by 'The Myth of the Single Choice' that has led us to believe that one large choice stands between us and success, and that a single failure may topple us should we choose 'wrongly'. We let fear trump possibility: we become paralyzed. Sukhinder Singh Cassidy is one of the most well-respected leaders in Silicon Valley, but her path to success has been far from linear. While she has started three companies including theBoardlist, and has served as president of StubHub, she's also encountered failed choices, misfires, and all other types of pitfalls that she had to learn how to overcome and incorporate into her new path forward. Drawing on her own experience and those of other leaders, Sukhinder shows that when people thrive, it's because their fear of missing out on an opportunity overtakes their fear of failure, and compels them to take action. Better yet, they keep acting, building a fundamental risk-taking muscle that under weighs the importance of any single choice in favour of continually 'choosing'. Choose Possibility is a thrilling and insightful new way to approach risk-taking and achieve lasting success. 'An excellent guide to help anyone learn how to take risks in their own careers and thrive' - Kai-Fu Lee, chairman & CEO, Sinovation Ventures and author of bestseller AI Superpowers

To understand public policy decisions, it is imperative to understand the capacities of the individual actors who are making them, how they think and feel about their role, and what drives and motivates them. However, the current literature takes little account of this, preferring instead to frame the decisions as the outcomes of a rational search for value-maximising alternatives; or the result of systematic and well-ordered institutional and organisational processes.

Yet understanding how personal and emotional factors interact with broader institutional and organisational influences to shape the deliberations and behaviour of politicians and bureaucrats is paramount if we are to construct a more useful, nuanced and dynamic picture of government decision making. This book draws on a variety of approaches to examine individuals working in contemporary government, from freshly-trained policy officers to former cabinet ministers and prime ministers. It provides important new insights into how those in government navigate their way through complex issues and decisions based on developed expertise that fuses formal, rational techniques with other learned behaviours, memories, emotions and practiced forms of judgment at an individual level.

This innovative collection from leading academics across Australia, Europe, the United Kingdom, and North America will be of great interest to researchers, educators, advanced students and practitioners working in the fields of political science, public management and administration and public policy.

New developments in assessing and managing risk are discussed in this volume. Addressing both practitioners in the banking sector and research institutions, the book provides a manifold view on the most-discussed topics in finance. Among the subjects treated are important issues such as: risk measures and allocation of risks, factor modeling, risk premia in the hedge funds industry and credit risk management. The volume provides an overview of recent developments as well as future trends in the area of risk assessment.

This Element synthesizes the current state of research on organizational learning from performance feedback and develops a new perspective that deals with the influence of multiple goals. In keeping with the centrality of motives in Cyert & March's influential model, this new perspective rests on a foundation of individual level behaviors that are responsive to mechanisms at the organizational and environmental level of analysis. A key aim is to lay out an agenda for a new wave of empirical research on the interconnections of decision-makers, organizations, and the environment that influence organizational responses to performance.

Instant knowledge for ambitious and information-hungry business people everywhere!

Risk is as inescapable as it is ubiquitous. But how far do we really understand what risk is, and how to turn its careful management to our advantage? In business and in life we tend to make broadbrush assumptions based on common sense and intuition alone rather than make any attempt to actively manage our futures in a consistent way. Risk management has evolved to become a primary ingredient for success in every organization that is bombarded by the need to make critical decisions, often with little or no solid facts available and little insight into the likely outcome. Managing risk is not just about avoiding trouble. It can also bring significant rewards.

"Smart Risk" starts from basics. It assumes no prior knowledge and gives a step-by-step approach, along with plenty of practical application and techniques, tools and models for managing risk. You will be given everything you need to become the risk master in your organization. This includes:

• understanding what risk management is and why it matters
• recognising the complete risk landscape by understanding the categories of risk
• knowing your risk appetite; the risks you are willing to take and those you aren't
• developing a risk culture by formalising the risk management process
• learning from success and failure
• understanding that risk management is closely linked to innovation, vital for the long-term survival of the organisation