The purpose of this research is to introduce structures of strategic management of technology as elements in a conceptual framework. Design/methodology/approach: The approach of this study is abductive. The original framework is expanded and validated through inference to findings of large and small to medium-sized enterprise practices through interviews, finally ending on theory matching. …
This is a book on strategic brand management. It capitalises on the success of the former three editions. As far as we understand from our readers worldwide (marketers, advertisers, lawyers, MBA students and so on), this success was based on six attributes which we have of course maintained: l Originality. Strategic Brand Management is quite different from all the other books on brand manag…
This project was commissioned by COSO, which is dedicated to providing thought leadership through the development of comprehensive frameworks and guidance on enterprise risk management, internal control, and fraud deterrence designed to improve organizational performance and governance and to reduce the extent of fraud in organizations. COSO is a private sector initiative, jointly sponsored…
This paper was first written when I was head of Strategic Planning & Manage-ment Services at Educational Testing Service (ETS). It examines the words and terms making up its title and presents them in a way intended to make them useful tools for those charged with related duties
In December 2012, the Economist Intelligence Unit carried out a global survey on behalf of KPMG International. This survey gathered data from 1,092 respondents around the world in a closed-ended online questionnaire. All were C-level executives: 28 percent were Chief Executive Officers or equivalent and 18 percent were Chief Financial Officers, the two largest groups. Five percent were Chief Ri…
In today's uncertain business environment, managing a life insurance company requires a much higher caliber of financial management than in the past. A company must be in a position to control its own destiny, rather than having its fate dictated by outside forces. This paper outlines a framework for managing life insurance company surplus. Within this framework, a company can assess the a…
Strategic planning and related strategic management elements have become ubiquitous practices at all levels of U.S. government and many nonprofit organizations over the past 25 years. The authors review strategic planning and management research over that time period using the premises of practice theory to guide the discussion. The review is organized according to 10 research directions propos…
This paper discusses the design characteristics management accounting systems should have to be useful for strategic planning and control and provides brief introductions to strategic variance analysis and profit-linked performance measurement models. It shows two multi-period, multi-product models (Banker, Chang and Majumdar 1993; Banker and Johnston 1989) are specified, can be related to Port…
This article tries to identify the crucial dimensions of strategic management in universities. To do so, the author looks at some practical cases of successful strategic decisionmaking in European universities. This case study approach is motivated by the conviction that in universities strategic management should be done with a permanent eye on their specific organisational environment ra…
Established businesses are trying to take advantage of the opportunities and minimize the threats presented by e-business. Although e-business has emerged as a strategic imperative for many firms, v/e found that vision and strategy paled in importance compared to learning and implementation in the process of transforming to an e-business organization. Regardless of their strategic objectives…
Effective risk management is fundamental to the business activities of the group. While we remain committed to increasing shareholder value by developing and growing our business within our board-determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
Risks management became a highly discussed topic in recent years, as news about numerous bank failures and bailouts keep dominating the media. Although banks and insurance companies have always been leaders in implementation of the most extensive and efficient risk management models, numerous weaknesses of risk management were exposed during the subprime crisis. Regulatory changes have been the…
As financial institutions large and small grapple with the challenges of the most severe economic crisis since the Great Depression, the approaches these institutions take toward retail credit card customer risk management can have a profound effect on their success in weathering the current storm—and in fostering profitable customer relationships for the future. By employing the best practic…
Financial markets teach you humility. Two years ago, I made these related forecasts. First, I forecast the euro would strengthen as European economic recovery picked up and the U.S. economy slowed. Second, I forecast euro strength would be augmented over the next five years by a reduction of Europe’s $100 billion to $150 billion of excess dollar reserves. Third, I forecast that the autho…
This paper investigates the factors influencing banks’ decision to engage in advanced risk management, from both a theoretical and an empirical perspective. In recent decades, credit risk management in banks has become highly sophisticated and banks have become more active and advanced in the management of credit risks. We identify two driving factors for risk management: bank competition…
Our goal in writing each edition of this book is to present a new, up-to-date standard for explaining the strategic management process. To reach this goal with the 8th edition of our market-leading text, we again present you with an intellectually rich yet thoroughly practical analysis of strategic management. With each new edition, we are challenged and invigorated by the goal of establish…
We live in a world of risk. Some risks are totally unexpected. The September 11, 2001 World Trade Centre attacks in the US, the Tsunami of December 2004, Hurricane Katrina of August 2005, and the Mumbai terrorist strikes of November 2008 are good examples. Other risks can be identified but the magnitude and extent are difficult to estimate. The sub prime crisis is a good example. Not all risks …