It is widely acknowledged that many financial modelling techniques failed during the financial crisis, and in our post-crisis environment many techniques are being reconsidered. This single volume provides a guide to lessons learned for practitioners and a reference for academics. Including reviews of traditional approaches, real examples, and case studies, contributors consider portfolio theory; methods for valuing equities and equity derivatives, interest rate derivatives, and hybrid products; and techniques for calculating risks and implementing investment strategies. Describing new approaches without losing sight of their classical antecedents, this collection of original articles presents a timely perspective on our post-crisis paradigm. Highlights pre-crisis best classical practices, identifies post-crisis key issues, and examines emerging approaches to solving those issues Singles out key factors one must consider when valuing or calculating risks in the post-crisis environment Presents material in a homogenous, practical, clear, and not overly technical manner
Since passage of the of No Child Left Behind Act in 2001, academic researchers, econometricians, and statisticians have been exploring various analytical methods of documenting students‘ academic progress over time. Known as value-added models (VAMs), these methods are meant to measure the value a teacher or school adds to student learning from one year to the next. To date, however, there is very little evidence to support the trustworthiness of these models. What is becoming increasingly evident, yet often ignored mainly by policymakers, is that VAMs are 1) unreliable, 2) invalid, 3) nontransparent, 4) unfair, 5) fraught with measurement errors and 6) being inappropriately used to make consequential decisions regarding such things as teacher pay, retention, and termination. Unfortunately, their unintended consequences are not fully recognized at this point either. Given such, the timeliness of this well-researched and thoughtful book cannot be overstated. This book sheds important light on the debate surrounding VAMs and thereby offers states and practitioners a highly important resource from which they can move forward in more research-based ways.
This is the eBook version of the printed book. This Element is an excerpt from What Would Ben Graham Do Now?: A New Value Investing Playbook for a Global Age (9780132173230) by Jeffrey Towson. Available in print and digital formats. How to adapt Ben Graham’s powerful value investing approach for the realities of today’s fast-shifting global markets. The world’s tallest building is in Dubai, its largest phone company in China, its richest person in Mexico. The first truly global century arrived much faster than anticipated–and it’s caught many smart investors flat-footed. Ben Graham’s core concept of intrinsic value remains the anchor for investing in this new world. But today’s general chaos presents growing challenges for traditional value methodology.
|Author||: Moritz Henninger|
|Publisher||: GRIN Verlag|
|Release Date||: 2021-02-17|
|ISBN 10||: 3346347370|
|Pages||: 53 pages|
Bachelor Thesis from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 1.3, University of Stuttgart (Institute for International and Strategic Management), language: English, abstract: This paper hopes to answer how increasing uncertainty is impacting International Management and how new and innovative companies like Tesla Inc conduct international expansion. Economic activities in the 21st century, are characterized by dynamic global competition, the increasing interdependence and internationalization of economic relations and the resulting merging of world markets. With the continuous expansion of world trade and investment, with factors of production being highly mobile, and with the sources of innovation becoming increasingly global, an increasingly larger share of the global economy is reasonably accurately characterized as “open” it est as being exposed to the forces of global competition, and to the international flows of capital, technology and skilled labor. Yet, the belief in globalization and free trade seems to be in disarray since the shocks of Brexit and Trump in 2016. In various regions of the world, a flare-up of nationalism, protectionism and trade barriers is creating a politically and economically volatile atmosphere. While 2019 and 2020 brought new obstacles - from customs tariffs to a global pandemic - this has led to a shift in framework conditions rather than an end to international competition. In addition, a lot of companies across various business sectors are entangled in extensive and expensive investment or restructuring programs brought upon by the ever-increasing pace of technological, sociological and legal developments. Still, there is uncertainty if these investments will one day pay off or turn out the be a charge in the wrong direction. Between 1970 and 2018, FDI grew from 14.2 billion to 1.43 trillion US dollars, an increase of over 900 percent. Based on this rapid development, participation in international competition has become a matter of course - if not a necessity - for many companies, and their attention is focused on efficient conduct and value-adding administering of international activities. This begs the question how internationally active companies with a global and decentralized value chain can fight rising uncertainty and react to constantly changing environments? How can these companies not only hold on to existing business but expand their dominance in the market against the backdrop of uncertainty? Are established strategy models such as Ghemawat's AAA model still applicable today, do they need to be revised or is there even a need for completely new approaches?
|Author||: Matthew Anthony Wilson|
|Release Date||: 2000|
|Pages||: 250 pages|
In choosing between moral alternatives -- choosing between various forms of ethical action -- we typically make calculations of the following kind: A is better than B; B is better than C; therefore A is better than C. These inferences use the principle of transitivity and are fundamental to many forms of practical and theoretical theorizing, not just in moral and ethical theory but in economics. Indeed they are so common as to be almost invisible. What Larry Temkin's book shows is that, shockingly, if we want to continue making plausible judgments, we cannot continue to make these assumptions. Temkin shows that we are committed to various moral ideals that are, surprisingly, fundamentally incompatible with the idea that "better than" can be transitive. His book develops many examples where value judgments that we accept and find attractive, are incompatible with transitivity. While this might seem to leave two options -- reject transitivity, or reject some of our normative commitments in order to keep it -- Temkin is neutral on which path to follow, only making the case that a choice is necessary, and that the cost either way will be high. Temkin's book is a very original and deeply unsettling work of skeptical philosophy that mounts an important new challenge to contemporary ethics.
"Business Schools Face Test of Faith." "Is It Time to Retrain B-Schools?" As these headlines make clear, business education is at a major crossroads. For decades, MBA graduates from top-tier schools set the standard for cutting-edge business knowledge and skills. Now the business world has changed, say the authors of Rethinking the MBA, and MBA programs must change with it. Increasingly, managers and recruiters are questioning conventional business education. Their concerns? Among other things, MBA programs aren't giving students the heightened cultural awareness and global perspectives they need. Newly minted MBAs lack essential leadership skills. Creative and critical thinking demand far more attention. In this compelling and authoritative new book, the authors: · Document a rising chorus of concerns about business schools gleaned from extensive interviews with deans and executives, and from a detailed analysis of current curricula and emerging trends in graduate business education · Provide case studies showing how leading MBA programs have begun reinventing themselves for the better · Offer concrete ideas for how business schools can surmount the challenges that come with reinvention, including securing faculty with new skills and experimenting with new pedagogies Rich with examples and thoroughly researched, Rethinking the MBA reveals why and how business schools must define a better pathway for the future.
Until recently, sales managers received no specific training for their jobs. However, selling has become more complex with the emergence of regulations and more sophisticated customers. Sales managers need to inspire and achieve sales results by managing teams of professionals and other resources. To do so, they need guidance on dealing with issues that arise in these broader aspects of their role. This concise guide for sales managers is based on a well-known sales management technique called the ‘customer portfolio matrix’. Beth Rogers weaves her version of this throughout, enabling sales managers to see their strategy from the customer’s point of view. Doing so will allow them to set realistic objectives, design new strategies that add real customer value, avoid wasting time on price-oriented customers and deploy resources for maximum results.
Now that the economic orthodoxy of 'light-touch' regulation has been widely discredited by recent events in the financial markets, and shareholder-oriented management has come under intense scrutiny, it is time to seriously consider the merits of stakeholder-oriented economies. In this far-reaching symposium on this aspect of comparative labour relations, 35 scholars examine case studies and evolving scenarios in a wide variety of countries, from leading economic powers such as the United States, the United Kingdom, and Germany to post-socialist states such as Poland, Hungary, and Bulgaria to the formidable global economic presences of Brazil, Russia, and India. With contributions from leading experts from all around the world in the fields of labour law, industrial relations, labour economics, labour statistics, human resources management, organization theory and other related subjects, the papers focus on the impact of the global economic crisis and its implications for the future of employment. Specific contexts covered include: ; adversarial versus strategic collective bargaining; transnational collective bargaining; long-term employees as the most valuable corporate stakeholders; workers' voice and participation in the restructuring of undertakings; privatization of state-owned companies; executive pay; investment in vocational training in times of economic crisis; the impact of the EU's Cross-Border Merger Directive; inherent dangers in the EMU one-size-fits-all monetary policy; and cases of large-scale corporate fraud. Of particular interest is the treatment of important developments in Singapore and Nigeria, as well as lessons to be learned from pitfalls encountered in South Africa and other countries. With its theoretical arguments and empirical data, this volume is certainly a major contribution to the debate over whether shareholder or stakeholder approaches to management yield the best results in terms of employment outcomes. As the world economic crisis continues to take its toll on employment, pension funds, public services, and living standards, the book is sure to find a wide audience among policymakers and lawyers worldwide concerned with the future of employment relations and their effect on both productivity and social stability. This volume includes a selection of papers from the Eighth International Conference in commemoration of Marco Biagi held at the Marco Biagi Foundation in Modena, Italy in March 2010.
Offering a philosophical perspective to the educational improvement agenda, this engaging text provides a new language for research into educational improvement, bringing leading-edge philosophy to current practice. Drawing on philosophical work, including that of Derrida, Foucault and Heidegger, the authors deconstruct the ethic of improvement before exploring key dimensions of education, its institutions and technologies. Each chapter draws on international case studies, provides engaging questions and makes suggestions for further reading to support the reader. Topics covered include: • The Ethic of Improvement • Teacher Education • Leadership and Management • Lifelong Learning • The Rhetoric of Numbers • The Governance of Childhood • The State of Education Research An essential text for all looking at how we think and talk about education and improvement.