This book is not for knowledge management experts and practitioners. It is for those who have no previous background on knowledge management but would like to know something about the subject. The purpose of this book is to provide an introduction to the various elements of knowledge management. It is meant for a wide audience of readers interested in gaining some understanding of the basi…
This book is written for the first and second levels of undergraduate degree study in accounting and business studies, or equivalent introductory accounting courses where an understanding of accounting is a basic requirement. It is based on the author’s experience in providing a first level management accounting text and takes account of helpful suggestions from reviewers of three successiv…
Many of the most important decisions made within an organisation relate to risk, because anything that is innovative or competitive or worth doing is likely to be risky. However, risk exists at various levels within an organisation, from top to bottom. As a result the effective organisation needs to be able to communicate about risk between levels in a way that enables it to manage uncerta…
The current paper presents the state-of-the-art of strategic management accounting (SMA) information usage among organisations. Despite SMA claimed importance to organisations operating in today’s competitive environment, little is known about its current achievement. In Malaysia in particular, the subject is almost absent. Thus, motivated by the scant attention given to SMA, the current …
There is no doubt that the new requirements issued in January 2013 by the Basel Committee1 will be a game changer for many financial institutions across the globe. As outlined by the Committee, one of the biggest lessons of the global financial crisis that started in 2007 is the need to radically improve a bank’s data capabilities and architecture in the area of risk management, thus enabling…
Abstract. Treatments of risk in the international management literature largely focus on particular uncertainties to the exclusion of other interrelated uncertainties. This paper develops a framework for categorizing the uncertainties faced by firms operating internationally and outlines both financial and strategic corporate risk management responses.
Based on suggestions from reviewers, instructors, and students we have made a number of changes in the eighth edition of Developing Management Skills . • Added new skill assessments in Chapter 1 and a new case in Chapter 3. • Revised parts of the book to reflect suggestions and feedback from instructors and students. • Clarified instructions for scoring skill assessments and…
Business leaders recognise effective risk management as one of the main success drivers for enterprises. Even though the Enterprise Risk Management (ERM) concept has evolved significantly in the past years, in the aftermath of recent economic crises it became evident some of its critical challenges still need to be addressed. The review of subject literature led to a conclusion that current ERM…
Credit risk management in rural and community banks has become more important not only because of the financial crisis that the world is experiencing currently, but also as a crucial concept which determines banks’ survival, growth and profitability. Because credit granting is one of the key sources of income generating activity in rural banks, the management of the risk related to credit…
Fisheries management is complicated in nearly all cases by a high degree of uncertainty about the current state and expected growth of fish stocks and about the economic and social factors that affect the desirable harvest levels. Even for fisheries with excellent data collection programs, scientific surveys and sophisticated assessments, the estimates of catch levels that will maintain hea…
Banks today are the largest financial institutions around the world, with branches and subsidiaries throughout everyone’s life. However, commercial banks are facing risks when they are operating. Credit risk is one of the most significant risks that banks face, considering that granting credit is one of the main sources of income in commercial banks. Therefore, the management of the risk rela…
Donor collaboration, cynics sometimes say, is an oxymoron. There is, however, one example of donor collaboration that is still going strong after about 15 years — the Committee of Donor Agencies for Small Enterprise Development. Initiated by the World Bank in 1979, this committee now includes 17 bilat- eral agencies, 15 multilateral institutions, and 2 other interna- tional development …
Purpose To explore the principles of risk management and the role of insurance within these principles
A second edition is always a cause for celebration. For the publisher, it confirms his hope that the product he sponsored would continue to be successful economically. For the author, the implications are even more delicious. His message has been understood, studied, and used. One could rarely ask for more from a professional thinker and a proponent ofbetter ways to think. To me the most s…