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Businesses exist to provide goods and services to customers and in so doing they take risks. Among these risks is the chance of losing money in lawsuits filed by customers, employees, and others negatively impacted by the business. Insurance provides some protection against these liabilities, but lawsuits still take their toll. This book covers the subject of economic damages and its role in insurance claims and lawsuits against businesses. After reading and understanding this book, the reader will be able to identify economic damages as a component of business liability, describe the business risk posed by economic damages, explain the key determinants of economic damages, and estimate economic damages and business loss in a variety of cases.
This book offers managers a complete analysis of the various issues of credit risk management for trade credit financing instruments supported by applications to various types of markets and presents an analysis on risks associated with trade credit in supply chains. Trade credit finance is characterized by strong attractiveness deriving from risk mitigation, but the plurality of sources of credit risk (default and dilution risk) requires the implementation of a credit risk management system that exploits the broad knowledge developed by financing supply relationships. Consequently, financiers could be hindered from developing a full understanding of the underwritten risks and are thus unable or only partially able to evaluate their full potential to expand financial relationships over the credit capability of a single counterparty with respect to the supplier-debtor pair. The richness of the information available in trade credit financing is not an obstacle for the development of a modern risk management framework, but it must be calibrated to avoid distortions in the implementation. In addition, risk analysis in the supply chain is not limited to the crises of individual members but must assess the effects of such crisis on the entire supply chain and assess the specific risks of contagion and the favorable conditions for the propagation. This book offers managers a complete analysis of the various issues of credit risk management for trade credit financing instruments supported by applications to various types of markets and presents an analysis on risks associated with trade credit in supply chains.
A New World Order has begun for trade and globalization. Inundated with constant information, new concepts, and endless data, individuals are caught in the whirlwind of a fast-paced world, often without the ability to stop and think, particularly when it comes to issues of the soul. I consider the soul the center of our activities and inspirations. If one says of an individual, "e;his soul has left him,"e; one connotes death. This also will apply to societies and corporations. Are we willing to permit the gradual march toward solitude with all the accompanying sharp cutting edges? Will the balloon go up? The reader can judge. I hope to supply the content here. With a foreword by Ambassador Laszlo Szabo, a preface by the Rev. Horkan, and the humorous yet pensive illustrations by award-winning cartoonist David Clark, this book increases one's ability to gain a comprehensive understanding of the most pressing international business and trade issues that the world faces today.
The challenges related to disaster risk management (DRM) in the agricultural sector are now widely linked to sustainable environment. The fact remains that almost every day a disaster strikes in some part of the world. The regular occurrence of natural and man-made disasters has forced the worldwide communities to look for novel solutions to prevent and mitigate such disasters. This volume brings together probing studies to disseminate the work of outstanding scholars and practitioners, especially in South Asian countries. Thus, it highlights the need to amalgamate and coordinate the resources and agencies involved in DRM in agriculture to ensure the quality of life to the victims after disasters. The authors incorporate specific themes correlated with DRM in South Asia. They intend to assess: (i) the consequences of distinct disaster risks in agriculture, (ii) the ways in which diverse disaster risk problems are handled in distinct settings, and (iii) the different methodologies embraced by different sectors to prepare for disaster risk.
This book is designed to provide insights into an understanding of the best practices and contemporary approaches to the identification, assessment, selection, and development of future leaders of an organization with a focus on executive and transition coaching as a development tool.A company's leadership pipeline is expected to deliver its next generation of leaders who are capable of leading now. It is evident that conventional leadership development practices are no longer adequate. Organizations need to incorporate the next-generation leadership competencies globally in order to address the development needs of their rising leaders. The current digital transformation that underpins the Fourth Industrial Revolution (also known as Industry 4.0) has ushered in a new business environment that is fast, open, and responsive, resulting in a number of organizational and leadership challenges. How do organizations develop the next generation of leaders to meet these challenges? This book is designed to provide insights into an understanding of the best practices and contemporary approaches to the identification, assessment, selection, and development of future leaders of an organization with a focus on executive and transition coaching as a development tool.
Discusses the adoption of critical and multidisciplinary approaches in discussing disaster-related problems and emerging issues, and the provision of insights into the approaches to address the challenges and issues of disaster risk management.
As a constantly evolving and developing industry, the music business environment continues to establish new standards in terms of operational efficiency, dynamics between the different parties involved in the professional cycles, and constructing and performing methodologies in the process of achieving the desired results that all the participants in the music world have to adapt to in order to establish a sustainable career. Hence, the main purpose of this book is to provide practical advice suitable to both aspiring music professionals and artists that need detailed guidance in the process of developing the basis of a fruitful, promising, and sustainable profile, not only in terms of business performance, but psychologically as well.
This book offers organizations the catalyst for swift change to take strategic advantage of what AI has to offer. Artificial intelligence (AI) will change the world, as we know it, within only a few years. Its most significant impact will be on our human resource (HR). What is AI and what's made it significant-the answers lie within this concise book. The book offers organizations the catalyst for swift change to take strategic advantage of what AI has to offer. In this book are some of the HR processes that can be changed today, suggestions on what's available, and some resources readers may wish to use. The evidence so far is that many HR functions have not developed AI strategies, in a false belief that AI is in the future. But it's here and it's happening, and the change is expediential in its growth; we are in the change window for a massive paradigm shift, now is the time for immediate action. This is truly a golden opportunity for human resource professionals, organizational designers, business managers, business students, and workforce planners. Organizations that act, and act fast, will be the beneficiaries of the AI revolution.
Working in complex systems brings fresh challenges to leaders, managers, consultants, and those involved in their education. This book (the third in a series of three) introduces a set of practices that will help you develop confidence and strength in working in new ways across boundaries. We know intuitively that when we move outside our organizational boundaries, we need new ways of practicing that will respond to the needs of others and shape the emerging future. Each chapter focuses on a specific practice and explains what it looks like, why it is relevant, and how to integrate it into your work. Questions for reflection and suggested activities offer ideas for immediate action. The format invites the reader to pick a chapter or two when it feels like a good time to engage with professional development. The material is also suitable for discussion with colleagues as part of team development. The practical, applied nature of this book means that it can be used in many different ways to spark ideas and stimulate new ways of working as individuals and collectively. Leaders in complex systems will grow in confidence and expand their practice repertoire as they engage with the material in this volume.
Creating The Accountability Culture: The Science of Life Changing Leadership takes a close look at the challenges facing business today which demand higher productivity, improved efficiency, and increased employee engagement. The author proposes an entirely new way of building corporate culture to address these issues. Tools and techniques designed to shift our present culture to one of full accountability and responsibility are at the heart of this work...Utilization of new sciences help to inform and provide a platform for the unique tools and techniques that, when practiced, consistently create an accountability culture that is life-changing for leaders, their teams and their organizations as a whole. This work introduces, for the first time, the Accountability Model, which outlines a simple yet highly effective roadmap for culture shift, which, in turn transforms lives and facilitates achievement of corporate goals. Creating capacity, improved productivity and profits in our organizations are grounded in a full understanding of what it is to be human and our ability to access all of the gifts and talents that this encompasses. This approach is not for the faint of heart and requires courage and commitment however the results are astounding when the tools are consistently practiced.
This book provides a guide to co-designing learning environments and relationships. Learning is fundamental to living and organizing in complex systems. The authors begin by revisiting what learning means in living systems. Their experiences with business organizations and formal education systems have led to the conclusion that learning has been lost from view in many complex systems. The authors briefly trace the history of ideas about learning to give new energy and focus for co-designing learning places. The 12 thematic chapters in this book focus on practical ideas. Each chapter centers on a theme that is explored through a collection of short pieces-presented as ideas, theories, stories, approaches, and methods. This book will benefit a multitude of people and professionals who are interested in new ways to think about learning, both individually and collectively-it was written with a diverse readership in mind.
This book is about understanding the nature of design and organization in complex living systems. Design is everywhere in our lives-but the nature of complex systems means that few people feel empowered or equipped to design better futures. Although the places we live are full of material objects, they only become meaningful as they are used and experienced by people. The author looks at design as a way of thinking and acting. Design becomes an open-ended conversation with the world around us. The text is also about the shifting social relations of design-moving from an emphasis on individual engineers and designers toward the participatory process of making sense of tools to improve our lives: we call this process co-design.
The aim of this book is to inspire and encourage project practitioners, executives, and beginners in the project management field to develop passion, persistence, and patience. The author tells his personal stories and experiences managing projects in organizations by practicing his three Ps - passion, persistence, and patience.
This powerful book is a shot in the arm for every entrepreneur. The no-nonsense coaching on how to deal with the entrepreneurial roller coaster ride comes from real world experience. Jacobson's 11 Keys are Ocean and Boardroom tested through 20 years as a successful entrepreneur, and six years sailing around the world. Jacobson raises the bar in business books through his story-telling: engaging, witty, and to the point.
Some of the greatest minds of the century have predicted that computers or artificial intelligence will replace 80 percent, if not more, of the world's workforce. The only uncertainty is the time frame, with the average prediction at about 30 years, although many believe it will be sooner. No matter the exact period, the impact on our planet will eventually be enormous because governments will still need to find a way to provide the unemployed with money on which to live and a Universal Basic Income (UBI), or something similar, is proposed to be paid to everyone without means test. That solution might appear well in theory, but the large numbers of unemployed will not want to be marginalized and will demand over time that the UBI be increased. Following human nature, under a democratic system as we know it, supposedly based on one person one vote, people will vote for whoever gives them more, and more, until the economic system breaks down, unable to afford the payments. The question is whether democracy will survive the challenge or whether we finish with a benign group of bureaucrats at the top who decide what is in the best interests of the majority and the rest of the global population simply accepts it.
This book provides practical guidance on the knowledge and skills required for managers whose role involves the management of the relationship with and the performance of strategically important suppliers.Strategic suppliers provide critical products and services to their clients. In a production environment, if the supply chain for critical components breaks down and delivery dates are missed, the production line may stop. If an IT supplier fails to deliver key system development projects on time, the implications for the business can be catastrophic. With the growth of outsourcing, where entire business functions are delegated to a supplier, the dependency on them is further increased; with offshoring there are additional complexities. An organization's ability to manage its strategic supplier base effectively is central to its performance, competitiveness, and future success.This book provides practical guidance on the knowledge and skills required for managers whose role involves the management of the relationship with and the performance of strategically important suppliers. Although the focus is on the management of suppliers during the live relationship, the approach is holistic as the entire supplier management process is discussed in detail using a Supplier Lifecycle model. There are five stages-identify the business requirement, research the supply market, carry out procurement and supplier selection, integrate and transition to the new supplier and their services, and manage the delivery of the products and services for the contracted period.
Leading the High-Performing Company demystifies performance. This transformational guide provides the crucial tools and insights to grow your business and outperform peers. It pinpoints how successful leaders and companies position themselves to lead in their industries. Explore the symbiotic nature of leaders and the businesses they lead. Learn why life is better for everyone when the business is performing at its best. Discover the actions necessary to leverage your organization to new heights and grow as a leader. This book is based on the author's professional career-leading at an executive level and working with high-performing organizations through the good and bad times. Real-world examples bring the concepts to life based on the experiences of the author, as well as accomplished leaders. You'll walk away with actionable insights to accelerate your business today.
Developing Strengths-Based Project Teams integrates common project management and strengths-based talent development language to help you and your project team learn about and become a strengths-based project team.Everyone has talents and strengths. Everyone does projects. This book is designed for project managers, team members, and stakeholders who have an interest in talent development-not only their own talents and strengths, but also the combined talents and strengths of their project teams. Learn about the characteristics of a strengths-based project team. Apply a series of building blocks for individual and team strengths-based development.Through exercises, templates, action plans, and reflective questions, learn how to cultivate the collective strengths of project team members to become a strengths-based project team. Explore the various project management roles for sustaining a strengths-based project team culture. Create an environment in which team members can use their talent development tools long-term to develop and apply what they naturally do best-resulting in higher project team performance.
Managerial Communication for Organizational Development provides clarity for top, middle, and frontline managers on paramount communication issues It helps them anticipate and respond to communication challenges managers face daily. Challenges occur rapidly and with no warning. A business can be destroyed by media manipulations of public perceptions. Knowing what to do, what to say, and what not to say is paramount in dealing with complex cultural issues faced by today's managers. Developing effective communication strategies, internally and externally, will keep organizations viable. This book is a field manual for managers at any organizational level.
The book focuses on the status of vocational education programs, challenges of achieving quality and attaining competitive excellence in a globalized socioeconomic order, and the role of government and industry in achieving these avowed goals.India's transition to a knowledge-based economy requires a new generation of educated and skilled people. Its competitive edge will be determined by its people's ability to create, share, and use knowledge effectively. A knowledge economy requires India to develop workers-knowledge workers and knowledge technologists-who are flexible and analytical and can be the driving force for innovation and growth.Developing skilled workers enhances the efficiency and flexibility of the labor market; skills bottlenecks are reduced, skilled workers are more easily absorbed into the economy, and their job mobility is improved. In this light, an effort is made in this book to describe and analyze governmental skill development initiatives in India. The book also dwells on the need to revive traditional family centric vocations pursued in the rural communities, especially those dying village-based vocations that provide livelihood options to a multitude of socially disadvantaged artisans, and integrate them into the fabric of skill development initiatives in place.The book provides a systematic understanding of the processes of skill formation and provides several pathways for enhancing entrepreneurial skills in a business ecosystem with a huge knowledge capital gained through skill development initiatives. Toward this end, the book seeks to contribute toward understanding the structures and processes of governance and initiatives for enhancing the quality of skilling programs. The book also dwells on various opportunities and challenges of augmenting a multitude of skilled workforces made available through various skilling initiatives and programs.
This book focuses on special issues of climate change management in Asia. It discusses the challenges of climate change governance, and examines the impact of climate change on agriculture and food security. The author includes a rare work relating to a new dimension of climate change managementÂ-environmental knowledge management. The book also touches another special topic relating to climate change, legal issues in the maritime sector. Is the current maritime legal framework effective in preventing harms to the environment still a big question? How the legal industry in Malaysia responds to climate change is also examined in this volume. Finally, the agriculture sector in Japan investigates whether the adaptive method of introducing high-temperature tolerant varieties and the mitigation strategy affect the product price of rice. Overall, robust strategies, plans, and policies are required to provide directions to stakeholders so that they can effectively and efficiently respond to climate change challenges.
Today's business leaders are required to navigate a difficult path between building and maintaining a stable, effective and successful organization, and rolling out a seemingly endless series of complex change initiatives to ensure ongoing relevance in the marketplace. Complex change is costly, difficult, and has a high degree of risk. By definition, complex change requires individuals within the organization to make significant changes in how they fulfill the duties associated with their role. Things like moving to a new technology platform, going through a merger, organizational restructuring, and adding or eliminating a product or service all involve complex change. In 1990, Peter Senge's book The Fifth Discipline was published, and the concept of organizational change management was introduced into the business world. Since then, analysis of data from thousands of change implementations point to the same conclusion - approximately 70% of change projects fail to achieve their defined goals. This data also shows that the 30% of projects that do meet expected ROI all found a way to effectively address the people side of change. This book introduces the concept of integrated organizational change methodology (iOCM(TM)), which provides a framework for integrating best practice organizational change management principles into all facets of a change plan, resulting in significantly improved project outcomes and maximum return on investment.
You are about to go into an important negotiation. You have done your homework and you have a plan and a strategy. But now you are face to face with the other person. What should you say, when should you say it, how should you say it? That is what this book is all about. What do you say to gather the information you need, set expectations, build relationships, and create a win-win situation? How do you actually use negotiating tactics and strategies in a whole verity of situations? What should you say to close and wrap up the deal? This book will guide you through the entire negotiating process and make sure that you have the right words at your fingertips for any negotiating situation that you encounter. The author walks you through some key business negotiations, including a sales negotiation, a purchasing negotiation, and even how to negotiate salary and benefits for a new job. It is all here. A complete overview of the negotiation process and scripts you can use and modify to fit any situation.
What skills are needed for the future? This book argues for T-shaped professionals who are adaptive innovators, with broad communication skills and deep problem-solving skills. We invite readers to explore this question from the perspective of academics, educators, business practitioners, those in government, as well as researchers trying to measure more precisely just what it means to be a T-shaped professional and adaptive innovator.
Urbanization is a global phenomenon that hugely constrains existing transportation infrastructure in cities. Urban transportation (UT) challenges are more significant in developing countries with rapid development as the land occupation is dense.Limited urban space and infrastructure fail to meet the increasing traffic demands and to provide reasonable service quality. Therefore betterment of UT systems is more required than ever. Infrastructural development and transportation operations are mainly directed at citizen welfare and it requires huge capital investments. States initiate urban development by inviting private participation so that operational and commercial risks are minimized and quality of execution is better. Several aspects in planning and management of global UT projects are common. But the approach and solutions are typically developed for a local context and relevance. Specific UT challenges are land use planning, socioeconomic distribution, project designing, implementation, financial analysis and governmental policies. A comprehensive background of UT systems, challenges involved and various approaches adopted by different countries are presented along with five real-life Asian cases. The book is aimed as a one-point reference on modern day developments on urban transportation for a readership of consultants, practitioners, developers, policy makers, and academicians.
What if organization's pursued something other than an economic agenda? It may appear on the surface that this is a na*ve question, but it is a fundamental question about the role of organizations in our society. Why has the capitalist profit and neo-liberal agenda become so entrenched in Western society that we can't possibly imagine anything different? The evidence that the system is flawed is plentiful and yet we still hang onto what we know, a little like a relationship that has past it's best before date but is not yet damaging enough for a parting of ways. Do we ignore the evidence out of fear or because there appears to be no viable alternative? If growth and profit is part of the equation then what alternative is there to capitalism? This book explores what different might look like and in doing so proposes an alternative paradigm. It seeks to begin a dialogue about whether, if growth and profit are an important part of the equation, then 'Important for what purpose?' What follows is a proposition of an alternative agenda for organizations, one of doing good and the introduction of a new business framework - Temperatism.
Published in 1837, Hans Christian Andersen's The Emperor's New Clothes tells the tale of two weavers who present a non-existent suit of clothes to the Emperor with the caution that the suit is invisible to those who are unfit for their positions, stupid, or incompetent. As the Emperor parades in his underwear no one dares to say that they see no clothes-with the exception for one small child who exclaims; "e;he isn't wearing anything at all."e; Fast forward to the present day and business owners and managers around the world are told that anyone who cannot see the benefits of social media marketing are unfit for their positions, stupid, or incompetent. As organizations, brands and products fill the social media landscape with meaningless, objectiveless drivel that has interest to no one and serves only to waste resources and alienate customers, a small voice can be heard exclaiming; "e;who told you that was a good idea?"e; The caveat to this contemporary tale is that for a very few organizations, brands and products, social media has provided a kind-of marketing panacea. Correction: make that a very, very few organizations. For the rest, they are metaphorically parading in their digital underwear. All is not lost however. Although many have been duped in a new clothes-esque sting, and that their social media marketing efforts are indeed, invisible-but marketing on social media might just be riding to the rescue.
This book offers an alternative to the industrial revolutionary paradigm of organization that we still live and work with today and instead argues that the environmental and economic complexity of the digital age require an evolutionary leap in the purpose, design, and traits of organization. Organizational Design in Business tackles the subject of organization development and design through an organic and purpose-driven approach and provides practical how-to tools for managers and leaders. This book challenges the idea that business as usual is a viable option in the digital economy. If performance is to be driven at an organizational level, and is to be sustainable, then business leaders and development professionals need to have a deep understanding of how to achieve balance in their organization in response to the complexity of the external business environment.
Presents a common sense approach to basic microeconomics. Volume Two, Competition and ConstraintsThis volume focuses on understanding how markets may operate; profit maximization; how real-world concerns may reduce efficiency; what corrective actions may be taken to prevent market failure and the implications of those actions.
As the nations of the Caribbean respond to the emerging effects of climate change and prepare for those to come, tourism has the potential to either worsen or mitigate these impacts. This book looks specifically at marine recreation and how its various sectors are coping with and preparing for climate change in the Caribbean.
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