The adequate implementation of an SMS by all RUs/IMs is a key element for success for the entire safety regulatory framework as foreseen by the Railway Safety Directive, since it forms the basis on which the National Safety Authorities (NSAs) issue safety certificates and safety authorisations. For the assessment of an SMS, NSAs can rely on the Regulations 1148/2010/EU2 and 1169/2010/EU3. Su…
Whether you work in alarge multinational corporation or in atiny family-owned company, you have at least one thing in common: it’s a challenge to secure IT resources to solve common everyday business problems. In a large corporation, resources are typically spent on the big projects that have a significant cost benefit to the company. When you make a request for assistance, you’re probably …
The purpose of risk management training is to raise basic awareness of risk management concepts and mechanisms, to enable participants to identify and manage risks in their own units and to strengthen project management through adequate forward planning of potential risks. The half-day training module on risk management introduces the defi nition of risk and the purpose of risk management …
Review of the strategy literature indicates there has been five phases in the evolution of the field since World War II. The paradigm was at its peak in the 1970s with the strategic planning phase, however, prescriptive approaches to strategy formulation and implementation were demonstrated to be inadequate in this period in the face of environmental uncertainty. In the 1980s the field evol…
Established businesses are trying to take advantage of the opportunities and minimize the threats presented by e-business. Although e-business has emerged as a strategic imperative for many firms, v/e found that vision and strategy paled in importance compared to learning and implementation in the process of transforming to an e-business organization. Regardless of their strategic objectives…
Globalization, demographic changes and lack of talented employees – they all contribute to the increase in interest in managing diversity of workers’ potential. The concept of diversity management first appeared in the eighties, but nowadays it appears even more often, especially in the business, scientific and social and legal context. Diversity management (dm) is a part of the Europe…
The purpose of this study is to investigate the current level of strategic management tools and techniques utilization as well as to explore and identify the impact of management tools on organizational performance in the Czech Republic. The research paper is based on a questionnaire survey obtained from the 91 companies. This paper is one of the few studies which investigate the relationsh…
Today, more than at any previous time, the success of an organization depends on its ability to acquire accurate and timely data about its operations, to manage this data effectively, and to use it to analyze and guide its activities. Phrases such as the information superhighway have become ubiquitous, and information processing is a rapidly growing multibillion dollar industry. The amount …
Females consistently score lower than males on standardized tests of mathematics, yet no such differences exist in the classroom. These differences are not trivial, nor are they insignificant. Test scores help determine entrance to college and graduate school and, therefore, by extension, a person’s job and future success. If females receive lower test scores, then they also receive fewer opp…
Business leaders recognise effective risk management as one of the main success drivers for enterprises. Even though the Enterprise Risk Management (ERM) concept has evolved significantly in the past years, in the aftermath of recent economic crises it became evident some of its critical challenges still need to be addressed. The review of subject literature led to a conclusion that current ERM…
Abstract Measuring and managing exchange rate risk exposure is important for reducing a firm’s vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely transaction, translation and economic risks, presents the VaR approach as the currently …
FMIS project performance is analyzed from various angles. The performance ratings in the ICRs indicate that the majority of 55 completed projects were “satisfactory” along most dimensions of performance (67% of outcome, 87% of sustainability, 56% of development impact, 61% of Bank performance, and 59% of Borrower performance ratings were satisfactory or above).4 This pa ern changes sli…