As financial institutions large and small grapple with the challenges of the most severe economic crisis since the Great Depression, the approaches these institutions take toward retail credit card customer risk management can have a profound effect on their success in weathering the current storm—and in fostering profitable customer relationships for the future. By employing the best practic…
Financial markets teach you humility. Two years ago, I made these related forecasts. First, I forecast the euro would strengthen as European economic recovery picked up and the U.S. economy slowed. Second, I forecast euro strength would be augmented over the next five years by a reduction of Europe’s $100 billion to $150 billion of excess dollar reserves. Third, I forecast that the autho…
This paper investigates the factors influencing banks’ decision to engage in advanced risk management, from both a theoretical and an empirical perspective. In recent decades, credit risk management in banks has become highly sophisticated and banks have become more active and advanced in the management of credit risks. We identify two driving factors for risk management: bank competition…
Our goal in writing each edition of this book is to present a new, up-to-date standard for explaining the strategic management process. To reach this goal with the 8th edition of our market-leading text, we again present you with an intellectually rich yet thoroughly practical analysis of strategic management. With each new edition, we are challenged and invigorated by the goal of establish…
We live in a world of risk. Some risks are totally unexpected. The September 11, 2001 World Trade Centre attacks in the US, the Tsunami of December 2004, Hurricane Katrina of August 2005, and the Mumbai terrorist strikes of November 2008 are good examples. Other risks can be identified but the magnitude and extent are difficult to estimate. The sub prime crisis is a good example. Not all risks …
The concepts of flood risk management (FRM) have been widely embraced over the past decade. In many instances this conceptual acceptance has resulted in changes to decision-making practice, highlighting risk management as potentially more complex, but more efficient and effective in delivering multiple goals, than a traditional engineering standards-based approach. In particular, the emergence…
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…
Rankings of strategy journals are important for authors, readers, and promotion and tenure committees.We present several rankings, based either on the number of articles that cited the journal or the per article impact. Our analyses cover various periods between 1991 and 2006, for most of which the Strategic Management Journal was in first place and Journal of Economics & Management Strate…
The Accounting Education Change Commission has recommended accounting courses include a focus on non-technical skills, such as written and oral communication, teamwork, problem solving, and critical thinking skills. Employers of entry-level managerial accountants have indicated these skills are necessary, but that students are also lacking in technical cost or managerial accounting preparat…
The challenges that complicate strategic management in emerging industries, like the renewable energy industry, motivate this dissertation. In particular, difficulties stemming from the industrial context, from environmental uncertainty, and from manager-stakeholder interactions are discussed. The most prominent environmental hurdles are thereby to be found in the areas of regulation, technolog…
The purpose of this study was to investigate the effects of firm size on enterprise risk management for the listed firms in Kenya. Effectiveness of enterprise risk management is measured by financial performance of the listed firms. A descriptive research design was used. Theoretically, ERM adds value to an organization, however there is disagreement among scholars on whether ERM add value to a…
Accenture 2013 Global Risk Management Study Many organizations say they want to make better use of analytics, but it is apparent that there is still plenty of ground to cover here. High-performance risk management organizations are taking a focused approach to embed analytics into their management processes. They are doing so by, among other measures, improving data quality and developi…
The role of Bank is diversified into financial intermediaries, facilitator and supporter. Yet the banks place themselves as a trusted body for the depositors, business associates and investors. Liquidity risk may arise from these diverse operations, as they are fully liable to make available, liquidity when stipulated by the third party. Additional efforts are required by Islamic banks for scal…