Abstract. Treatments of risk in the international management literature largely focus on particular uncertainties to the exclusion of other interrelated uncertainties. This paper develops a framework for categorizing the uncertainties faced by firms operating internationally and outlines both financial and strategic corporate risk management responses.
Based on suggestions from reviewers, instructors, and students we have made a number of changes in the eighth edition of Developing Management Skills . • Added new skill assessments in Chapter 1 and a new case in Chapter 3. • Revised parts of the book to reflect suggestions and feedback from instructors and students. • Clarified instructions for scoring skill assessments and…
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…
Credit risk management in rural and community banks has become more important not only because of the financial crisis that the world is experiencing currently, but also as a crucial concept which determines banks’ survival, growth and profitability. Because credit granting is one of the key sources of income generating activity in rural banks, the management of the risk related to credit…
Fisheries management is complicated in nearly all cases by a high degree of uncertainty about the current state and expected growth of fish stocks and about the economic and social factors that affect the desirable harvest levels. Even for fisheries with excellent data collection programs, scientific surveys and sophisticated assessments, the estimates of catch levels that will maintain hea…
Banks today are the largest financial institutions around the world, with branches and subsidiaries throughout everyone’s life. However, commercial banks are facing risks when they are operating. Credit risk is one of the most significant risks that banks face, considering that granting credit is one of the main sources of income in commercial banks. Therefore, the management of the risk rela…
Donor collaboration, cynics sometimes say, is an oxymoron. There is, however, one example of donor collaboration that is still going strong after about 15 years — the Committee of Donor Agencies for Small Enterprise Development. Initiated by the World Bank in 1979, this committee now includes 17 bilat- eral agencies, 15 multilateral institutions, and 2 other interna- tional development …
Purpose To explore the principles of risk management and the role of insurance within these principles
A second edition is always a cause for celebration. For the publisher, it confirms his hope that the product he sponsored would continue to be successful economically. For the author, the implications are even more delicious. His message has been understood, studied, and used. One could rarely ask for more from a professional thinker and a proponent ofbetter ways to think. To me the most s…
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 …
T HIS book is the outcome of an invitation by the Warden and Fellows of All Souls to deliver the Chichele Lectures for 1966. The lectures as delivered were four in number. But since then I have added three more in order to make the coverage more adequate. My objective is very limited. I concentrate solely on the history of the main propositions of the theory of development·as they would …
One of the core commitments of most international humanitarian organizations is to strengthen the capacity of local agencies to respond to crises and to participate more fully in their respective civil societies. To do anything less, the agencies argue persuasively, would be to leave those societies vulnerable to recurring emergencies. The track record of humanitarian organizations, howeve…
Vital and forward thinking – focused on the needs of project management professionals worldwide; that’s the Project Management Institute of today. We’ve long been acknowledged as a pioneer in the field and now our membership represents a truly global community, with nearly 370,000 professionals, representing over 185 countries. PMI professionals come from virtually every major industry…
The fifth edition of The Marketing Book is a testimony to both the continuing demand for an authoritative overview of the marketing discipline and the constantly changing nature of its subject matter. First published in 1987 to coincide with the Editor’s appointment as the first academic National Chairman of the Institute of Marketing, the original concept was: To produce an authoritative…
The idea for this volume came with the formation of the Community of Evaluators (CoE) for South Asia in 2008. The CoE’s goal is to enhance the field of evaluation. That initiative brought together a group of evaluators from across South Asia interested in working together to strengthen the quality, use, and relevance of evaluation in the region. Dedicated evaluators came together from se…
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…
The objective of this paper is to incorporate the entrepreneurial view point into the framework of the resource-based view of strate- gic management. We firstly attempt to make a brief survey of the conceptual framework of the RBV, and formulize it in a static sense by contrasting it with the competitive forces approach. Secondly, we conduct a critical assessment of the RBV from a dynamic …