The challenges that complicate strategic management in emerging industries, like the renewable energy industry, motivate this dissertation. In particular, difficulties stemming from the industrial context, from environmental uncertainty, and from manager-stakeholder interactions are discussed. The most prominent environmental hurdles are thereby to be found in the areas of regulation, technolog…
The term ‘strategy’ proliferates in discussions of business. Scholars and consultants have provided myriad models and frameworks for analysing strategic choice (Hambrick and Fredrickson, 2001). For us, the key issue that should unite all discussion of strategy is a clear sense of an organization’s objectives and a sense of how it will achieve these objectives. It is also important tha…
Financial risk management is a huge field with diverse and evolving components, as evidenced by both its historical development (e.g. Diebold, 2012 ) and current best practice (e.g. Stulz, 2002 ). One such component—probably the key component—is risk measurement , in particular the measurement of financial asset-return volatilities and correlations (henceforth “volatilities”). Cruci…
The purpose of this study was to investigate the effects of firm size on enterprise risk management for the listed firms in Kenya. Effectiveness of enterprise risk management is measured by financial performance of the listed firms. A descriptive research design was used. Theoretically, ERM adds value to an organization, however there is disagreement among scholars on whether ERM add value to a…
The purpose of this Guideline is to facilitate implementation of requirements contained in the Strategic Management Specification with regard to the development and implementation of key performance indicators. This Guideline explains how to develop and use Key Performance Indicators (KPIs) for records management. It is based on a number of methodologies for developing KPIs in general whic…
The purpose of this Guideline is to facilitate implementation of requirements contained in the Strategic Management Specification with regard to the development and implementation of key performance indicators. This Guideline explains how to develop and use Key Performance Indicators (KPIs) for records management. It is based on a number of methodologies for developing KPIs in general which we…
Most oil and gas companies do not like to consider themselves “energy traders.” In their view, energy trading is more closely associated with investment banks and merchant energy companies. However, nearly all oil and gas companies are exposed to conditions or are engaged in activities that contribute to a risk profile that is very similar to that of an energy trading concern. Oil an…
Accenture 2013 Global Risk Management Study Many organizations say they want to make better use of analytics, but it is apparent that there is still plenty of ground to cover here. High-performance risk management organizations are taking a focused approach to embed analytics into their management processes. They are doing so by, among other measures, improving data quality and developi…
The board should establish an operational risk management policy that sets includes the requirements, purpose and scope of related internal controls. Management should document internal controls in the credit union's operational procedures. Documentation assists in ensuring that internal controls are properly authorized and complete, and assists in their maintenance and revision.
The majority of the entries are written as closely as possible to the original perspectives of the influential writers and researchers who are associated with them. While all the important strategy and strategic management concepts are here, the primary aim in making these notes is to include (sometimes at length) ideas which are generally downplayed or neglected in the mainstream strategic ma…
The role of Bank is diversified into financial intermediaries, facilitator and supporter. Yet the banks place themselves as a trusted body for the depositors, business associates and investors. Liquidity risk may arise from these diverse operations, as they are fully liable to make available, liquidity when stipulated by the third party. Additional efforts are required by Islamic banks for scal…
The purpose of this study is to investigate the current level of strategic management tools and techniques utilization as well as to explore and identify the impact of management tools on organizational performance in the Czech Republic. The research paper is based on a questionnaire survey obtained from the 91 companies. This paper is one of the few studies which investigate the relationsh…
The purpose of this study is to investigate the effectiveness of different configurational archetypes of strategy and strategic management accounting and to appraise how management accounting’s horizontal and vertical alignment with strategy can facilitate performance. Design/methodology/approach The study deploys a holistic configurational approach to examine the relationship between strat…
“The Essentials of Strategic Management” provides us with a short, concise explanation of the most important concepts and techniques in strategic management. It is a rigorous explanation of many topics and concerns in strategic management
ENTERPRISE RISK MANAGEMENT (ERM) IS A STRATEGY organizations can use to manage the variety of strategic, market, credit, operational and financial risks they confront. ERM calls for high-level oversight of risks on a portfolio basis, rather than discrete management by different risk overseers. ERM HAS GIVEN RISE TO A QUESTION: Who should head the risk management process—internal audit or…