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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
This book provides administrators in public and non-profit organizations with direction and a framework from which to lead their organizations effectively. Taking a global approach to the issues administrators need to examine when managing a group of employees at any level (including budgeting and expenditures, forecasting, policy creation and execution, communication and reporting), this book explores the driving forces in organizational decision making. Author Nick Valcik takes a holistic view on organizational management, beginning with the core aspects of public organizations and the leadership competencies necessary to manage an organization successfully. Designed to be used on undergraduate and graduate courses in public administration and in public affairs programs, the book discusses the basics of organizational structure, delves into risk management issues, and offers a set of tools that can be used by administrators to make informed decisions based on actual data or documented processes. Throughout the book, real world case studies provide students and practitioners with a clear understanding of how exactly the right decision tool may be applied when facing a particular decision in any organization.
Managers need access to some statistical advice from time to time to help in solving business problems. Students need access to statistical methods to support work in non-statistics courses, case studies and projects. What is needed will depend on the demands of the problem and how much statistics the manager or student already knows. The requirement is for flexible decision support.This unique book presents statistical ideas and models in easily accessible form describing both methods and issues of application.statsNotes are organized as a set of over one hundred notes rather than as a number of chapters. This enables managers and students to locate just what they need for the problem they have. Each note consists of a description of what to do, an example, the rationale, links to other notes.Managers and students can choose to use as many notes as necessary, which might be just one note or a set of linked notes.Deciding which method will be helpful depends not just on finding an appropriate statistical method but on the business context too. statsNotes provide advice at three levels: While the range of topics covered is similar to those in introductory textbooks and courses, the focus is on management decision and the methods for dealing with risky decisions and management judgment in this book are usually found in more specialist texts.
The ever increasing public demand and the setting-up of national and international legislation on safety assessment of potentially dangerous plant require that a correspondingly increased effort be devoted by regulatory bodies and industrial organizations to reliability data in order to produce safety analyses. Reliability data are also needed to assess availability of plant and services and to improve quality of production processes, in particular, to meet the needs of plant operators and/or designers regarding maintenance planning and production availability. The need for an educational effort in the field of data acquisition and processing has been stressed within the framework of EuReDatA, an association of organizations operating reliability data banks. This association aims to promote data exchange and pooling of data between organizations and to encourage the adoption of compatible standards and basic definitions for a consistent exchange of reliability data. Such basic definitions are considered to be essential in order to improve quality. To cover issues directly linked to the above areas, space is devoted to the definition of failure events, comon cause and human error data, feedback of operational and disturbance data, event data analysis, life-time distributions, cumulative distribution functions, density functions, Bayesian inference methods, mutivariate analysis, fuzzy sets and possibility theory.
Ideal for inspiring marketers, artists, teachers, and anyone who needs fresh ideas for work and home, "Jump Start Your Brain" helps readers crank up both their cranium and career. Featuring smart and creative methods for providing better leadership, igniting sales and marketing, and realizing dreams with breakthrough innovations, this book teaches time-tested practices that generate creativity and innovation. Relying on the latest research, the author pinpoints which methods and techniques work best in today's high-stress world so readers can get a leg-up on the competition.
- Bietet einen Planungsansatz fur die optimale Nutzung der Informationstechnologie zur erfolgreichen Umsetzung der Unternehmensstrategie - Zeigt, wie man UEberraschungen bei unvorhergesehenen oder schlecht gemanagten Aktivitaten vermeiden kann - Erklart, warum Topmanager ihren Ansatz im Finanzmanagement andern sollten, um ihr Unternehmen schneller und praziser modellieren zu koennen - Fallstudien veranschaulichen "Best Practices", die zur erfolgreichen Optimierung von Finanzprozessen fuhrten
Valuable software, realistic examples, clear writing, and fascinating topics help you master key spreadsheet and business analytics skills with SPREADSHEET MODELING AND DECISION ANALYSIS, 8E. You'll find everything you need to become proficient in today's most widely used business analytics techniques using Microsoft (R) Office Excel (R) 2016. Author Cliff Ragsdale -- respected innovator in business analytics -- guides you through the skills you need, using the latest Excel (R) for Windows. You gain the confidence to apply what you learn to real business situations with step-by-step instructions and annotated screen images that make examples easy to follow. The World of Management Science sections further demonstrates how each topic applies to a real company. Each new edition includes extended trial licenses for Analytic Solver Platform and XLMiner with powerful simulation and optimization tools for descriptive and prescriptive analytics and a full suite of tools for data mining in Excel.
Verna Allee, whose groundbreaking book 'The Knowledge Evolution' helped usher in the exploding field of knowledge management, has brought her experience-tested insights into an exciting new synthesis, penetrating to the very heart of value creation. 'The Future of Knowledge' strips away traditional business thinking to reveal the new patterns of management thought and practice essential for success in a more complex world. With a gift for making the complex simple and practical, Allee weaves together diverse threads such as business webs, communities of practice, knowledge technologies, intangibles, network analysis, and biology to show why organizations must be supported as living systems before their natural networked pattern of organization can emerge. Embodying Allee's visionary approach, 'The Future of Knowledge' brings forward a practical view of new theories, frameworks, tools, and methods offering businesses a guide to managing the increasing levels of complexity within their organizations and in society at large. 'The Future of Knowledge' works on many levels: * At the strategic level, the new tools are intangible scorecards and understanding value networks * At the tactical level, the knowledge management tools for exchanging and applying knowledge are knowledge networks and communities of practice * At the operational level, a wealth of new technologies is supporting the codification, storage and delivery of the knowledge people need to complete their routine tasks.
Risk management has become a critical part of doing business in the twenty-first century. This book is a collection of material about enterprise risk management, and the role of risk in decision making. Part I introduces the topic of enterprise risk management. Part II presents enterprise risk management from perspectives of finance, accounting, insurance, supply chain operations, and project management. Technology tools are addressed in Part III, including financial models of risk as well as accounting aspects, using data envelopment analysis, neural network tools for credit risk evaluation, and real option analysis applied to information techn- ogy outsourcing. In Part IV, three chapters present enterprise risk management experience in China, including banking, chemical plant operations, and information technology. Lincoln, USA David L. Olson Toronto, Canada Desheng Wu February 2008 v Contents Part I Preliminary 1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 David L. Olson & Desheng Wu 2 The Human Reaction to Risk and Opportunity . . . . . . . . . . . . . . . . . . . 7 David R. Koenig Part II ERM Perspectives 3 Enterprise Risk Management: Financial and Accounting Perspectives . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Desheng Wu & David L. Olson 4 An Empirical Study on Enterprise Risk Management in Insurance . . 39 Madhusudan Acharyya 5 Supply Chain Risk Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 David L. Olson & Desheng Wu 6 Two Polar Concept of Project Risk Management. . . . . . . . . . . . . . . . . . 69 Seyed Mohammad Seyedhoseini, Siamak Noori & Mohammed AliHatefi Part III ERM Technologies 7 The Mathematics of Risk Transfer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 Marcos Escobar & Luis Seco 8 Stable Models in Risk Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Diversity and inclusion (D&I) isn't just an HR exercise - it can make a real different to your team performance too. By making everyone in your team feel like they belong, you'll be able to boost motivation and productivity. Everyone Included helps you make inclusion, belonging and wellbeing central to your team. By helping everyone feel that they belong, your team will foster genuine inclusion and be ready to adapt and evolve in the future. With a step-by-step plan to design and implement a diversity and inclusion plan that brings results: Where are you now? - Understand your team profile now by conducting a belonging Audit to identify your how inclusive your team is. What do I do next? - Design a D&I plan, including a business case to win support, and identify key metrics to measure its effectiveness How do I keep going? - Ensure your programme continually improves and remains relevant by creating measurements and feedback loops Everyone Included is your comprehensive, step-by-step guide to creating a diversity and inclusion strategy that delivers results for your team.
This business book is great for leaders, middle managers and entrepreneurs interested in the following categories; STRATEGY, LEADERSHIP AND MANAGEMENT, ENTREPRENEURSHIP Choose from the seven value plays to set the broad direction the firm should head in, and gain your competitive advantage. Each play has an associated set of capabilities which deliver customer value efficiently: SPECIALIZATION - choose to focus on a single product or product group and compete through superior product performance. ADAPTIVE - increase the system’s ability to respond to changing circumstances, particularly to changing customer needs. LOW COST - Deliver equivalent product quality compared to competitors but with a continual and relentless focus on cost reduction INNOVATION - Competing through product innovations. EXCELLENCE - Continuous incremental improvement of product or service quality NO-FRILLS - Serve price sensitive customers with a stripped down alternative product or service. TARGETING - Focus on a specific market segment and serve the needs of these customers more effectively than less targeted rivals. Built on insights from research into economics, strategy, organization theory and complexity science, you’ll discover a practical approach to creating value for your business in turbulent times, with advice on how to enable these plays with the structures, systems and culture of your business.
A brilliant and comprehensive introduction to the most seminal component of leadership: wisdom. The diversity of the readings and wisdom of the authors make this a most original and valuable addition to the management canon. Warren Bennis, Distinguished Professor of Management, University of Southern California and author of On Becoming a Leader " ""This wonderful compilation proves that management is as much art as science, and that deep thinking can inform and inspire practice to be more humane, ethical, and, yes, wise. " Rosabeth Moss Kanter, Harvard Business School Professor and best-selling author of Confidence: How Winning Streaks and Losing Streaks Begin and End If you'll forgive a pun, this is a wise book about organizational and managerial wisdom. It shows what's possible when some of our best thinkers turn their collective attention to such timely subjects as EQ, negotiation, global politics, and individual and organizational ethics. "" Steve Kerr, "Chief Learning Officer, Goldman Sachs, and Past President of the Academy of Management" One of the most promising forthcoming management books. EUROPEAN ACADEMY OF MANAGEMENT" To wade into the topic wisdom is to see organizing differently. To wade into this volume is to see wisdom differently. Both forms of effort embody a wonderful moment of wisdom itself. "" "Karl E. Weick, Distinguished Professor of Organizational Behavior and Psychology, "University"" of Michigan" Some interesting issues emerge when one views organizations from a wisdom-based perspective. Does technology promote or inhibit wisdom? How do HR systems, organizational forms, management practices, and operational capabilities relate to wisdom? What are the ethical and social dimensions of wisdom? What makes a wise leader? Can wisdom be developed and utilized strategically? Do conceptions and manifestations of wisdom vary across cultures? Can one teach wisdom? Editors Eric Kessler and James Bailey have produced a ground-breaking compendium of globally renowned thinkers in the Handbook of Organizational and Managerial Wisdom. This Handbook systematically explores the characteristics of understanding, applying, and developing organizational and managerial wisdom. Key FeaturesOrganizes wisdom around the five primary philosophical branches logic, ethics, aesthetics, epistemology, and metaphysicsApplies wisdom in organizations and management through international examples that synthesize a set of practical principles for academics and practicing managersOffers an outstanding collection of world-renowned scholars who give profound insights regarding wisdom "
Enterprise Risk Management: A Common Framework for the Entire Organization discusses the many types of risks all businesses face. It reviews various categories of risk, including financial, cyber, health, safety and environmental, brand, supply chain, political, and strategic risks and many others. It provides a common framework and terminology for managing these risks to build an effective enterprise risk management system. This enables companies to prevent major risk events, detect them when they happen, and to respond quickly, appropriately, and resiliently. The book solves the problem of differing strategies, techniques, and terminology within an organization and between different risk specialties by presenting the core principles common to managing all types of risks, while also showing how these principles apply to physical, financial, brand, and global strategy risks. Enterprise Risk Management is ideal for executives and managers across the entire organization, providing the comprehensive understanding they need, in everyday language, to successfully navigate, manage, and mitigate the complex risks they face in today's global market.
"Kolb and Overdahl have produced a clear and well-written introduction to derivatives that should serve as a useful foundational text. Their mixture of mechanics, pricing, and risk management is as well-balanced as their blend of theory and practical applications." "The third edition of Kolb and Overdahl presents a nice blend of theory and application of financial derivatives. The concise anthology introduces institutional background and valuation issues and then shows how each instrument can be used to manage risk. This book is sure to be of interest to risk managers as well as business students about to embark on their finance careers." "Financial Derivatives is an excellent, accessible introduction to some of the fastest growing markets in modern finance. Kolb and Overdahl clearly explain the uses (as well as the problems underlying several well-publicized abuses) of financial derivatives as risk management tools. Practitioners, regulators, and students of finance will all profit from exercising their option to acquire this book."
#1 New York Times Bestseller
Business Excellence and Total Quality Management (TQM) models provide a means of measuring the satisfaction of customers, employees and shareholders simultaneously. A number of such models currently exist, but, the author argues, none of these address all dimensions of TQM. This book introduces the principles of TQM, and establishes their use in measuring Business Excellence in an organisational environment. It comparatively evaluates various TQM and Business Excellence models, and discusses the complexities of measuring success. Presenting important, innovative work by one of the most eminent scholars in the field, this book is essential reading for both academics and professionals working in quality management.
“The world needs organisations to do good whilst making profit. Powered
by Purpose is a practical guide for leading an organisation that
fulfils both of these needs.” Bill Winters, CEO, Standard Chartered Bank
This transdisciplinary volume investigates the ways in which people and organisations deal with the overflow of information, goods or choices. It explores two main themes: the emergence of overflows and the management of overflows, in the sense of either controlling or coping with them. Individual chapters show the management of overflows taking place in various social settings, periods and political contexts. This includes attempts by states to manage future consumption overflow in post-war Easter European, contemporary economies of sharing, managing overflow in health care administration, overflow problems in mass travel and migration, overflow in digital services and the overflow that scholars face in dealing with an abundance of publications. An electronic version of this book is available under a creative commons licence: manchesteropenhive.com/view/9789198469813/9789198469813.xml -- .
Dozens of books have been published recently on the errors and biases that affect our judgments and choices. Drawing on cognitive science, their lessons are excellent for many kinds of decisions - consumer choice and financial investments, for example - but stop short of addressing many of the most important decisions we face in management, where we can actively influence outcomes and where competitive forces mean we have to outperform rivals. As Phil Rosenzweig shows, drawing on examples from business, sports and politics, this sort of decision-making relies on mastering two very different abilities. First, the analytical problem-solving skills associated with the brain's left hemisphere; and second, what Tom Wolfe called 'the Right Stuff': the ability to take calculated risks. Bringing fresh and often surprising insights to topics including confidence and overconfidence, the uses and limits of decision models, leadership and authenticity, expert performance and deliberate practice, competitive bidding and new venture management, Left Brain, Right Stuff, the myth-busting follow-up to The Halo Effect, explains how to perform when making even the most difficult decisions.
What algorithms are tractable depends on the speed of the processor. Given the speed of digital computers, polynomial algorithms are considered tractable. But, a human can take several seconds to make one binary comparison between two pens. Given this slow speed, sublinear algorithms are considered tractable for an unaided human and this defines Simon's concept of bounded rationality.Humans make simplifications to solve the intractable consumer optimization problem. Consumers search for goods and services item-by-item, which greatly reduces the number of alternatives to consider. In addition, consumers have operators that can process a set in a single operation. Also, consumers budget by incremental adjustment.In considering consumer performance the question to ask is how close to optimal is consumer performance and not whether consumers optimize as a yes/no question. Given the ordinal nature of utility theory this creates a basic measurement problem. The book presents a review of the literature on consumer performance.This is an opportune time to study consumer procedures because the Internet provides a media to make substantial improvements in consumer performance. The book includes a case study comparing the performance of a digital camera selection code with the advice of sales people. A field experiment demonstrates that the software code provides better advice.
This book systematically studies how game theory can be used to improve security in chemical industrial areas, capturing the intelligent interactions between security managers and potential adversaries. The recent unfortunate terrorist attacks on critical infrastructures show that adversaries are intelligent and strategic. Game theoretic models have been extensively used in some domains to model these strategic adversaries. However, there is a lack of such advanced models to be employed by chemical security managers. In this book, game theoretic models for protecting chemical plants as well as clusters are proposed. Different equilibrium concepts are explored, with user-friendly explanation of how to reflect them to realistic cases. Based on efficient analysis of the properties of security issues in chemical plants/clusters, models in this book are capable to support resources allocations, cost-effectiveness analysis, cooperation incentives and alike.
This book deals with stochastic combinatorial optimization problems in supply chain disruption management, with a particular focus on management of disrupted flows in customer-driven supply chains. The problems are modeled using a scenario based stochastic mixed integer programming to address riskneutral, risk-averse and mean-risk decision-making in the presence of supply chain disruption risks. The book focuses on integrated disruption mitigation and recovery decision-making and innovative, computationally efficient multi-portfolio approach to supply chain disruption management, e.g., selection of primary and recovery supply portfolios, demand portfolios, capacity portfolios, etc. Numerous computational examples throughout the book, modeled in part on realworld supply chain disruption management problems, illustrate the material presented and provide managerial insights. Many propositions formulated in the book lead to a deep understanding of the properties of developed stochastic mixed integer programs and optimal solutions. In the computational examples, the proposed mathematical programming models are solved using an advanced algebraic modeling language such as AMPL and CPLEX, GUROBI and XPRESS solvers. The knowledge and tools provided in the book allow the reader to model and solve supply chain disruption management problems using commercially available software for mixed integer programming. Using the end-of chapter problems and exercises, the monograph can also be used as a textbook for an advanced course in supply chain risk management. After an introductory chapter, the book is then divided into six main parts. Part I addresses selection of a supply portfolio; Part II considers integrated selection of supply portfolio and scheduling; Part III looks at integrated, equitably efficient selection of supply portfolio and scheduling; Part IV examines integrated selection of primary and recovery supply and demand portfolios and production and inventory scheduling, Part V deals with selection of resilient supply portfolio in multitier supply chain networks; and Part VI addresses selection of cybersecurity safequards portfolio for disruption management of information flows in supply chains.
Introduction; B.R. Munier. 1. Fifty Years of Maurice Allais' Economic Writings: Seeds for Renewal in Contemporary Economic Thought; B.R. Munier. 2. Maurice Allais, Belatedly Recognized Genius; T. de Montbrial. 3. Self-Organizing Markets; J. Lesourne. 4. A Theory of Spatial General Equilibrium in a Fuzzy Economy; C. Ponsard. 5. Maurice Allais, Unrecognized Pioneer of Overlapping Generations Models; E. Malinvaud. 6. Some Possible Uses of Households Assets in the National Economy, with reference to American Households; A. Babeau. 7. Should we get Rid of Economic Calculus? M. Boiteux.
Today there are more technology, technologists, knowledge and experts than at any time in human history; but from a global perspective, it is difficult to argue that this accumulation of knowledge and technology has put the world in an unambiguously better position than it was in the past. Business is not getting any easier to do and major corporate collapses based on poor decisions, poor conduct, and poor judgement continue to occur. In public administration too, basic institutions and services (education, health, transport) seem to be continually undergoing "crises" of inadequate delivery and excessive pressure. Wisdom and Management in the Knowledge Economy explains why unwise managerial practice can happen in a world characterized by an excess of information and knowledge. Drawing on Aristotle's idea of practical wisdom, the book develops a theory of social practice wisdom that addresses important social psychological and sociological dynamics that underpin wise management and organizations. As well as providing a detailed theory of social practice wisdom, this book considers practical issues in organizational communication, behavior, culture, change and knowledge as well as in HRM, leadership, ethics, strategy, international business, business education, and wisdom research. By introducing the notion of social practice wisdom, aspects of social structure, organizational culture, and organizational communication needed for wisdom to flourish are for the first time rendered visible in a way that opens new possibilities for wiser management, wiser organizations, and wisdom research. |
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