This paper discusses the types of property investment vehicles available, high-lights the different valuation techniques used for direct and indirect property investments, and looks at the implications for property investment vehicles and valuation techniques. It discusses the opportunities and threats facing chartered surveyors given the changing nature of the property market. Keywords: …
This monograph examines the domain of classical political economy using the method- ologies developed in recent years both by the new discipline of econo-physics and by computing science. This approach is used to re-examine the classical subdivisions of political economy: production, exchange, distribution and finance. The book begins by examining the most basic feature of economic life – pr…
Would you rather live in a world without blood transfusions or a world without maritime insurance? Blood transfusions are dramatic and memorable (which is why we see them on prime-time hospital shows), while the facilitation of commerce through risk sharing is routine and easily taken for granted. But I'd be willing to bet that by almost any measure, three centuries of organized insurance marke…
In the last two decades there has been a flourishing of research carried out jointly by economists, psychologists, and neuroscientists. This meltdown of barriers between competences has led toward original approaches to investigate the mental and cognitive mechanisms involved in the way the economic agent collects, processes, and uses information to make choices. This research field involves …
This book has been written in order to contribute to the debate about best practice in construction procurement. At the outset it should be made plain that the authors do not subscribe to the view that there is any such thing as best practice. The main argument in this book is that there can never be a best practice, only better practice, in construction procurement. The reason for arrivi…
Public procurement and competition law are both important fields of EU law and policy, intimately intertwined in the creation of the internal market. Hitherto their close connection has been noted, but not closely examined. Th is work is the most comprehensive attempt to date to explain the many ways in which these fields, oft en considered independent of one another, interact and overlap i…
'Building procurement' has become a fashionable subject. It seems that hardly a week goes by without my receiving a note that a student is writing a dissertation on an apparently new angle to the subject or that a course, conference, seminar or whatever is offering to explain the challenge of con struction procurement now and in the future. Consultancies and contractors who should know bet…
An essential question to ask before embarking on any exercise or enterprise beyond that of the transitory or trivial is 'Why?' An exercise, that is a set of movements, tasks and so on designed to train, improve or test abilities may perhaps be transitory or trivial especially to those not involved. But an enterprise, that is a project or undertaking especially one requiring boldness or eff…
The material in the main text ranges from a revision of high-school mathematics to applications of calculus (single-variate, multivariate and integral) to economics and finance. For example: linear and quadratic functions are introduced in the context of demand and supply analysis; geometric sequences, exponential and logarithmic functions are introduced in the context of finance; single-variat…
Starbucks’, the Seattle-based coffee store mission is to inspire and nurture the human spirit: one person, one cup, and one neighborhood at a time. The company is well-known for its ethical sourcing of coffee from farmers all over the world, environmental stewardship (by 2015 all cups will be reusable or recyclable), and community involvement through volunteer work in neighborhoods wh…
Strategy is about winning. This chapter explains what strategy is and why it is important to success—both for organizations and individuals. We will distinguish strategy from planning. Strategy is not a detailed plan or program of instructions; it is a unifying theme that gives coherence and direction to the actions and decisions of an individual or an organization. The principal task of…
In "Analyzing strategic Risks," we focus on industry dissonance, that is, the risk that an organization is executing an obsolete strategy. In "Maximizing the value of Competitive Itelligence, we focus on both market exploitation opportunities and industry dissonance.
The small and medium-sized enterprise (SME) sector is a major employer of finance professionals. Although relatively few ACCA members’ careers start in SMEs, 45% have at some point in their lives worked for an SME. ACCA has long recognised this – and in 2013 it is launching ‘Accountants for Small Business’, a campaign aiming to raise awareness of the value of professional accountants i…
When what organizations do is not exclusive, how they do it becomes a competitive advantage, and the lingering effects of the global economic meltdown only reinforce the value of project management. Organizations that value project management understand that the contributions of professional project managers increase project success rates, create efficiencies and improve alignment with org…
Imagine that a time machine could carry you back to the year 900 and land you anywhere on earth for an extended stay. Where would you go live? As you consider the possibilities, you might want a bit of useful advice—namely, avoid western Europe at all costs.1 Why reside there, when it was poor, violent, politically chaotic, and by almost any yard- stick, hopelessly backward? There were no ci…
Nuclear.magnetic.resonance.(NMR),.discovered.as.a.physical.phenomenon.by.Bloch. and. Purcell. in. 1945,. has. rapidly. become. the. theoretical. basis. for. a. powerful. ana- lytical.method.that.is.widely.applied.in.different.fields.of.modern.fundamental.and. applied. science. as. well. as. in. medicine. and. industry.. This. is. easily. explained. not. only. by. the. capability. of. NMR. to. s…
The purpose of this volume is to outline the linguistic development of Old English (OE) phonology and morphology down to about AD or so, and the development of OE syntax to the end of the OE period. This difference in periodization is dictated by the nature of the material at our disposal. OE phonology and morphology underwent significant changes—some of which are poorly recorded …
The International Marketing Council of South Africa (IMC) was brought into being in August 2000 upon the realization that it was absolutely imperative to create a positive and compelling brand image for South Africa. At the time, there was a gap between the perception of the country and the reality of the country in the global marketplace. To exacerbate matters, there were many messages en…
Moats is designed to be a valuable learning resource for investors, students, and managers of business. It can also be used as a starting point for discussions about real competitive advantages in business schools around the world. This book is about the competitive advantages of 70 selected businesses that Warren Buffett and Charlie Munger bought for Berkshire Hathaway. (NYSE: BRK.A, BRK.…
It becomes a very useful information - the address of New York office of Human Rights Watch, a non-profit, non-governmental human rights organization. So, from a system analyst's point of view, information is a sequence of symbols that can be construed to a useful message. An Information System is a system that gathers data and disseminates information with the sole purpose of providing infor…
As the technology line-item has grown in size over the past two decades, management teams have had to consider critical technology issues, including managing costs, aligning investment priorities and measuring ROI. While these are important issues, most members of the C-suite, CEOs in particular, have had little visibility into what technology actually does.
A business plan is a comprehensive, written description of the business of an enterprise. It is a detailed report on a company's products or services, production techniques, markets and clients, marketing strategy, human resources, organization, requirements in respect of infrastructure and supplies, financing requirements, and sources and uses of funds. The business plan describes the pas…