Abstract Measuring and managing exchange rate risk exposure is important for reducing a firm’s vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely transaction, translation and economic risks, presents the VaR approach as the currently …
T HIS book is the outcome of an invitation by the Warden and Fellows of All Souls to deliver the Chichele Lectures for 1966. The lectures as delivered were four in number. But since then I have added three more in order to make the coverage more adequate. My objective is very limited. I concentrate solely on the history of the main propositions of the theory of development·as they would …
One of the core commitments of most international humanitarian organizations is to strengthen the capacity of local agencies to respond to crises and to participate more fully in their respective civil societies. To do anything less, the agencies argue persuasively, would be to leave those societies vulnerable to recurring emergencies. The track record of humanitarian organizations, howeve…
Vital and forward thinking – focused on the needs of project management professionals worldwide; that’s the Project Management Institute of today. We’ve long been acknowledged as a pioneer in the field and now our membership represents a truly global community, with nearly 370,000 professionals, representing over 185 countries. PMI professionals come from virtually every major industry…
The fifth edition of The Marketing Book is a testimony to both the continuing demand for an authoritative overview of the marketing discipline and the constantly changing nature of its subject matter. First published in 1987 to coincide with the Editor’s appointment as the first academic National Chairman of the Institute of Marketing, the original concept was: To produce an authoritative…
The idea for this volume came with the formation of the Community of Evaluators (CoE) for South Asia in 2008. The CoE’s goal is to enhance the field of evaluation. That initiative brought together a group of evaluators from across South Asia interested in working together to strengthen the quality, use, and relevance of evaluation in the region. Dedicated evaluators came together from se…
FMIS project performance is analyzed from various angles. The performance ratings in the ICRs indicate that the majority of 55 completed projects were “satisfactory” along most dimensions of performance (67% of outcome, 87% of sustainability, 56% of development impact, 61% of Bank performance, and 59% of Borrower performance ratings were satisfactory or above).4 This pa ern changes sli…
The objective of this paper is to incorporate the entrepreneurial view point into the framework of the resource-based view of strate- gic management. We firstly attempt to make a brief survey of the conceptual framework of the RBV, and formulize it in a static sense by contrasting it with the competitive forces approach. Secondly, we conduct a critical assessment of the RBV from a dynamic …
The articles assembled in this volume offer a fresh approach to analysing the problem of corruption in developing countries and the k means to tackle the phenomenon.
Organizations exist for a purpose. The mission is articulated in a broadly defined but enduring statement of purpose that identifies the scope of an organization’s operations and its offerings to affected groups and entities
The organization sets the objectives and works towards their achievement. Once these objectives are defined and strategies determined, certain policies have to be made to put them into action. Business policies act as a guide to action. They provide the frame work within which an organization has to meet its business objectives. The policy points out the direction in which the company ought to go.
The aim of this paper is to introduce a strategic management concept that is focused on environmental consciousness. First, starting from the concept of environmental consciousness and its interpretation at a corporate level, it determines the external and internal factors of companies’ strategic positioning. In the next step, it summarizes the possibilities of formulating strategic alternati…
We introduce a strategic management perspective into the ambidexterity discussion and show that ambidexterity is a much better predictor of organizational performance than traditional strategic management concepts, specifically the concept of fit. Our main contribution lies in the combination of ambidexterity- and strategic management research where we highlight commonalities as well as dif…