It is the cry which despairing, deluded humanity, in the darkness of its frenzied ignorance, has flung back hopelessly to heaven since first the spirit of an Infinite Intelligence brooded upon the race. It is the appeal of man's immortal unity to the All-Father, from age to age, for knowledge sufficient for its hourly needs, since ever, back in the far dim ages of the earth, primeval man, beetl…
An Act to provide legal recognition for the transactions carried our by means of electronic data interchange and other means of electronic communication, commonly referred to as "Electronic Commerce", which involve the use of alternatives to paper based methods of communication and storage of information , to facilitate electronic filings of documents with the Government agencies and further to…
The current management is not possible without strategic thinking. Strategic management is a mean of modern management, focused on changes and amendments to be made in the organization and within its interactions with the environment in which it operates. There are a lot of benefits of practicing strategic management. Scale studies conducted on this subject showed that companies which apply …
Corporate governance has grown in importance due to the poor financial state of affairs of many companies in the past decade. Good corporate governance is perceived to increase firm value because it may help to reduce agency problems and build investors‘ confidence. Moreover, it is perceived that good corporate governance not only reduces the risk of fraud and corporate collapse, but also cre…
This text has taken almost two years to put together and the concept of enterprise risk management (ERM) for small and medium-sized enterprises (SMEs) goes back even further with the inception of the Goldenson Center for Actuarial Research at the University of Connecticut in 2008. While the idea for the text was originated by the work done at the Goldenson Center—the development of ERM for sm…
The main objective of this paper is to review the evolution of management theory, overview of strategic management theory and its linkage with the resource-based view (RBV) of the firm’s competitive advantage. A review of the relevant literature was conducted and a connection between management theory, strategic management theory and competitive advantage from the RBV of the firm was iden…
Safety seems so easy – just make sure people don’t get hurt. In practice it is a lot harder to achieve a safe organisation that is capable of sustained safe performance in the face of significant hazards. This paper will examine the role of systematic management systems in helping to ensure that organisations become safe and stay that way. The possession of a management system, no matter ho…
This guide is based on earlier practical field applications of approaches contained in a FAO working paper (Taylor et al., 2010). The working paper’s detailed technical section has served as a background resource document for the present guide. The practical approach described in Part Two of this guide has been developed largely during practical and training workshops carried out in Viet Nam …
Development and reinforcement of a general management point of view-the capacity to view the firm from an overall perspective, in the context of its environment. Development of an understanding of fundamental concepts in strategic management: the role of the general manager, the levels and components of strategy, competitive analysis, and organizational evolution. Development of those skills…
Abstract In the paper we detail the reduced form or hazard rate method of pricing credit default swaps, which is a market standard. We then show exactly how the ISDA standard CDS model works, and how it can be independently implemented. Particular attention is paid to the accrual on default formula: We show that the original formula in the standard model is slightly wrong, but more importa…
The Global Water Supply and Sanitation Assessment 2000, a report prepared jointly by the World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF), indicated that nearly 1.1 billion (1100 million) people have no access to improved water sources and that about 2.4 billion have no access to any form of improved sanitation facilities, with the vast majority of these people …
The healthcare industry abounds in print (and multimedia) resources on the topic of qual- ity. A Google search for “healthcare quality books” yielded 19.3 million results in 0.21 seconds—a mind-boggling figure. Some of the results don’t refer to books, and many are repetitive, but their plenitude can’t be ignored. Despite the large number of healthcare qual- ity books available, relat…
Over the past decade, a large (and continually increasing) number of efforts (both research and development) have sought to investigate and exploit the use of Artificial Intelligence (AI) concepts and techniques in production management applications. In some cases, Al-based concepts have provided frameworks for making traditional Operations Research (OR) techniques more accessible and usable…
The American Academy of Actuaries’ Catastrophe Management Work Group was requested by the Coordinating with Federal Regulators Subgroup on Financial Issues of the National Association of Insurance Commissioners to develop a report to discuss how property and casualty insurers manage catastrophe risks. This monograph is in response to that request and makes the following observations: n C…
Preface The Project Risk Management Process, described herein, is intended to result in the effective management of project risks and opportunities during the entire project life cycle – from project inception to completion of construction. The project manager, project sponsor, and project team members jointly develop a risk register that enables them to identify, assess, quantify, prepar…
The development of information and communications technologies (ICTs) enables businesses and individuals to communicate and engage in transactions with other parties electronically, instantaneously and internationally. This gives rise to a variety of legal and regulatory issues for policymakers, from the validity of electronic methods of contracting and the security risks associated with them, …