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 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 suggests that due to the changing nature of the firm, viewing shareholders as the sole residual claimants is an increasingly tenuous description of the actual relationships among a corporation’s various stakeholders. Thus, a shareholder wealth perspective is increasingly unsatisfactory for accurately answering the two fundamental questions concerning the theory of the firm: that of…
This paper studies a strategy that minimizes the risk of a position in a zero coupon bond by buying a percentage of a put option, subject to a fixed budget available for hedging. We consider two popular risk measures: Value-at-Risk(VaR) and Tail Value-at-Risk (TVaR). We elaborate a formula for determining the optimal strike price for this put option in case of a Hull-White stochastic interes…
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…
This book is aimed at students, graduates, and practitioners in all fields of the built environment. The secund edition has been subject tu a cunsiderable overhaul from the publication of tlie first edition in 1991. At that time the constriaction industry was in the midst of a severe recession and construction corporations were actively considering strategic issues. The professions were st…
This document is a practical guide for integrating software risk management into a software project. The purpose of Risk Management is to identify, assess and control project risks. Identified risks are analyzed to determine their potential impact and likelihood of occurrence. Risk Management Plans are developed to document the project’s approach to risk management, risks, and decisions made …
This paper studies how soft Operational Research methods can be addressed at strategic management tasks. Applying these methodologies to strategic decisions in an organisation helps giving a broader view of the problematic situation is being faced, considering not only the company itself but also its environment. When managers deal with decision-making situations, they often find many diffe…
This paper reports on the findings of a CIMA-sponsored study into the extent to which management accounting supports the strategic management process
The main purpose of this paper is to present an overview of the historical development of strategic management through a critical review of the most relevant theoretical proposals, and to consider its links to ethics and corporate social responsibility. From the very beginning of strategic management thought, attempts have been made to fuse ethical aspects, such as the values of senior manage…
Nowadays due to the crisis, some government measures are aimed at reducing healthcare spending, affecting in some level or another the quality offered. Process management is said to be a useful tool for reducing healthcare costs by improving management without any additional economic investment. That is doing more with the same resources and without reducing the quality offered. In this study a…
Allocating and managing resources has always been an important cornerstone of institutional leadership. Institutional resources include financial, physical and human components. Even in the best of times, it is a challenge to do this effectively. In times of diminished and shrinking resources, the difficulties of distributing these precious commodities across the institution in the most equi…
With great speed and relatively little public awareness, a significant change has occurred in the way some decisions are made about a patient's medical care. Decisions that were once the exclusive province of the doctor and patient now may be examined in advance by an external reviewer—someone accountable to an employer, insurer, health maintenance organization (HMO), or other entity responsi…