November 10th, 2016, Prof. Emmanuel Fragnière has presented How to address situations when the main risks emerge from the management process at the 10th Annual European GRC Summit in London.
So called “bossnapping” is becoming an integral (yet extreme) part of the labour relations landscape in France. . With thanks to our French member firm Capstan. Originally posted on the Ius Laboris Knowledge Base: www.globalhrlaw.com
PDF, audio, and voiceover are now available on designintechreport.wordpress.com
Today’s most beloved technology products and services balance design and engineering in a way that perfectly blends form and function. Businesses started by designers have created billions of dollars of value, are raising billions in capital, and VC firms increasingly see the importance of design. The third annual Design in Tech Report examines how design trends are revolutionizing the entrepreneurial and corporate ecosystems in tech. This report covers related M&A activity, new patterns in creativity × business, and the rise of computational design.
At The Boeing Center's 13th Annual Rosenblatt Memorial Lecture, Mike Pinedo, the Julius Schlesinger Professor of Operations Management in the Department of Information, Operations and Management Sciences at New York University's Leonard N. Stern School of Business, shared his insights about operational risk management in financial services.
Drawing from decades of experience in industrial systems development, Professor Pinedo spoke about operational failures and their causes, as well as the management of costs and operational risk in financial services. He also talked about his experience in measuring operational risk, including identifying key risk indicators and running multi-factor analyses.
---
Check out @theboeingcenter on social media for more supply chain and operational excellence digital content.
2015 august presentation stockholm mba programmhan mesters
The document discusses strategic business planning in the 21st century amid disruption from technological changes. It notes that we have moved from an era of change to a change of era, with exponential technological advances like computing, communication, and data storage transforming business models. Institutions face challenges to their gross margins, unique selling points, and value propositions. To adapt, companies must focus on their purpose and creating value through innovation, agility, and a culture that attracts top talent. Metrics need to assess future potential, not just past financials. The rise of startups and networks means disruption is here to stay.
Market Theory, Capital Asset Pricing ModelKatie Gulley
Investment banks play an important role in capital markets by providing services to corporations and facilitating investment. They assist companies in raising capital through public offerings on stock exchanges or private placements. This process involves underwriting, wherein the investment bank takes on the risk of distributing securities if they cannot be sold. Investment banks also provide mergers and acquisitions advisory services to corporations. Their deep expertise in valuation and financing allows investment banks to effectively advise clients on major transactions.
The document discusses global and South African business risks, integrated reporting, and risk management strategies. It provides tables outlining the top 10 global and South African business risks in areas such as the economy, society, environment, and politics. These include issues like unemployment, income disparity, governance failures, and extreme weather events. The document advocates for integrated reporting to improve communication between companies and markets regarding financial and non-financial risks and opportunities. It also discusses building organizational resilience through long-term thinking and elevating the chief risk officer role. Effective risk management strategies include mitigation measures, accountability, supply chain diversification, and crisis management planning.
PRI_Engaging on anti-bribery and corruptionOlivia Mooney
This document discusses the business case for companies and investors to engage on anti-bribery and corruption issues. It outlines that corruption costs an estimated $2.6 trillion annually, or over 5% of global GDP. Corruption scandals can result in huge financial losses and reputational damage for companies. Regulatory enforcement is also increasing across jurisdictions, with the US and UK aggressively prosecuting companies. Deferred prosecution and non-prosecution agreements now require companies to pay large fines, admit wrongdoing, and implement compliance measures. As such, engagement helps companies strengthen anti-corruption controls to mitigate risks and supports investors' fiduciary duty to protect shareholder value.
Opening Presentation - Sthlm Fintech Week 2019- How to work together?MichalGromek
This document discusses potential collaboration models between fintechs and traditional financial players. It summarizes findings from over 50 interviews and 650 pages of reports on challenges in collaborations. These challenges include outdated legacy systems, a lack of communication between sectors, and difficulties understanding each other's processes and expectations. The document proposes a solution to build innovation bridges in the ecosystem through a non-profit organization that would help connect startups to large entities, improving efficiency and securely implementing innovations. This would help close gaps between "top-down" and "bottom-up" innovation approaches.
So called “bossnapping” is becoming an integral (yet extreme) part of the labour relations landscape in France. . With thanks to our French member firm Capstan. Originally posted on the Ius Laboris Knowledge Base: www.globalhrlaw.com
PDF, audio, and voiceover are now available on designintechreport.wordpress.com
Today’s most beloved technology products and services balance design and engineering in a way that perfectly blends form and function. Businesses started by designers have created billions of dollars of value, are raising billions in capital, and VC firms increasingly see the importance of design. The third annual Design in Tech Report examines how design trends are revolutionizing the entrepreneurial and corporate ecosystems in tech. This report covers related M&A activity, new patterns in creativity × business, and the rise of computational design.
At The Boeing Center's 13th Annual Rosenblatt Memorial Lecture, Mike Pinedo, the Julius Schlesinger Professor of Operations Management in the Department of Information, Operations and Management Sciences at New York University's Leonard N. Stern School of Business, shared his insights about operational risk management in financial services.
Drawing from decades of experience in industrial systems development, Professor Pinedo spoke about operational failures and their causes, as well as the management of costs and operational risk in financial services. He also talked about his experience in measuring operational risk, including identifying key risk indicators and running multi-factor analyses.
---
Check out @theboeingcenter on social media for more supply chain and operational excellence digital content.
2015 august presentation stockholm mba programmhan mesters
The document discusses strategic business planning in the 21st century amid disruption from technological changes. It notes that we have moved from an era of change to a change of era, with exponential technological advances like computing, communication, and data storage transforming business models. Institutions face challenges to their gross margins, unique selling points, and value propositions. To adapt, companies must focus on their purpose and creating value through innovation, agility, and a culture that attracts top talent. Metrics need to assess future potential, not just past financials. The rise of startups and networks means disruption is here to stay.
Market Theory, Capital Asset Pricing ModelKatie Gulley
Investment banks play an important role in capital markets by providing services to corporations and facilitating investment. They assist companies in raising capital through public offerings on stock exchanges or private placements. This process involves underwriting, wherein the investment bank takes on the risk of distributing securities if they cannot be sold. Investment banks also provide mergers and acquisitions advisory services to corporations. Their deep expertise in valuation and financing allows investment banks to effectively advise clients on major transactions.
The document discusses global and South African business risks, integrated reporting, and risk management strategies. It provides tables outlining the top 10 global and South African business risks in areas such as the economy, society, environment, and politics. These include issues like unemployment, income disparity, governance failures, and extreme weather events. The document advocates for integrated reporting to improve communication between companies and markets regarding financial and non-financial risks and opportunities. It also discusses building organizational resilience through long-term thinking and elevating the chief risk officer role. Effective risk management strategies include mitigation measures, accountability, supply chain diversification, and crisis management planning.
PRI_Engaging on anti-bribery and corruptionOlivia Mooney
This document discusses the business case for companies and investors to engage on anti-bribery and corruption issues. It outlines that corruption costs an estimated $2.6 trillion annually, or over 5% of global GDP. Corruption scandals can result in huge financial losses and reputational damage for companies. Regulatory enforcement is also increasing across jurisdictions, with the US and UK aggressively prosecuting companies. Deferred prosecution and non-prosecution agreements now require companies to pay large fines, admit wrongdoing, and implement compliance measures. As such, engagement helps companies strengthen anti-corruption controls to mitigate risks and supports investors' fiduciary duty to protect shareholder value.
Opening Presentation - Sthlm Fintech Week 2019- How to work together?MichalGromek
This document discusses potential collaboration models between fintechs and traditional financial players. It summarizes findings from over 50 interviews and 650 pages of reports on challenges in collaborations. These challenges include outdated legacy systems, a lack of communication between sectors, and difficulties understanding each other's processes and expectations. The document proposes a solution to build innovation bridges in the ecosystem through a non-profit organization that would help connect startups to large entities, improving efficiency and securely implementing innovations. This would help close gaps between "top-down" and "bottom-up" innovation approaches.
1. The document discusses forensic accounting, which utilizes investigative skills and techniques to uncover fraud and quantify economic damages. It has become increasingly important with the rise of complex financial crimes.
2. A forensic accountant examines financial evidence, designs audit techniques to identify fraud, reports findings in exhibits and documents, and provides litigation support. Their work helps combat fraud in contexts like false financial statements, asset misappropriation, and shareholder disputes.
3. Uncovering large corporate scandals like Enron has increased demand for periodic fraud checks by forensic accountants. Their procedures involve data mining, document inspection, financial evidence detection, interviews, and asset tracing to uncover fraud and prepare reports.
Quality Writing Paper. Best Website For Homework Help Services.Joe Andelija
This document discusses the debate between Mac and PC operating systems. It notes that while PCs are more popular due to higher software availability, Macs are actually more durable and useful. PCs have a wider variety of available software since most users own PCs. However, Macs last longer over time with continued software and operating system support. Overall the document argues that Macs provide better value than PCs despite their higher initial cost.
This literature review is organized in five sections. Firstly, we begin with general ideas and continue with the origin of the fraudulent. Secondly, we discuss the struggle of the phenomena, insisting on the available mechanisms. Finally, we’ll discuss the link between audit and fraud.
Risk Management In Todays Uncertain Environment 3 2009Jason Jones
The document discusses the paradigm shift from risk management to uncertainty management in today's environment. It outlines the risk management agenda for 2009, including reassessing investment risk, fixing broken risk models, managing higher capital requirements, proactive cycle management, and focusing on counterparty risk. The document was written by Jason A. Jones of Jones Strategy Consulting.
Factors explaining the innefficient valuation of intangiblesaccounting2010
The document discusses the inefficient valuation of intangible assets in capital markets and the problems that result. It identifies three main causes of inefficient valuation: 1) The quality of financial information provided does not adequately disclose information about intangible assets. 2) Market imperfections like information asymmetry allow insider gains. 3) Financial analysts have limitations that can lead to biases in their earnings forecasts, like cognitive biases, incentives, and time constraints. The document suggests improved disclosure requirements and market regulations could help address these issues.
This document provides a SWOT analysis of Enron prior to its collapse in 2001. It identifies strengths such as Enron's human capital pool and competitive advantage in jet fuel sales after 9/11. Weaknesses included the failed board of directors, unethical practices, and a corporate culture that enabled fraud. Opportunities existed in growing clean energy markets and business expansion to Asia. Threats included increased competition, regulations, and the economic impacts of the subprime mortgage crisis. The analysis ultimately concludes that Enron's downfall was due to unethical internal practices rather than external forces.
This document discusses two phenomena that began in the mid-to-late 1990s: 1) A decline in the quality and appreciation of music, attributed to changes in the music industry and technology. 2) A rise in assets under management for alternative asset managers, but a decline in performance. It then discusses trends among investors, including lower fees for managers, more direct investments, growing interest in niche strategies, and decreasing patience with underperforming or largest firms. The document concludes with an update on the author's firm, Alpine, and their focus on unique opportunities and content.
OLYMPUS TOP MANAGEMENT FINANCIAL FRAUDOLYMPUS TOP MANAGAMENT FIN.docxhopeaustin33688
Olympus engaged in financial fraud from 1990-2011 by hiding losses from failed investments. Top management used over $1 billion to acquire other companies solely to hide the accumulated losses. They did not report the unrealized losses as required by GAAP. Instead, they created unconsolidated funds to purchase the securities at inflated prices, disguising the losses. In 2011, a new president discovered questionable transactions totaling over $600 million to unnamed recipients, leading to an investigation that found $1.7 billion in fraudulent advisory fees. Both internal and external auditors were complicit, masking fraudulent financial statements and not properly investigating transactions. The fraud involved both fraudulent financial reporting and asset misappropriation, violating GAAP accounting standards.
Исследование Insurance Banana Skins 2015PwC Russia
В исследовании Insurance Banana Skins 2015, направленном на изучение рисков в сфере страхования в 2015 году и проведенном Центром по изучению финансовых инноваций (ЦИФИ) совместно с фирмой PwC, участвовало более 800 респондентов из числа страховщиков и сторонних наблюдателей из 54 стран мира. Цель исследования заключалась в том, чтобы выяснить, какие риски, по их мнению, представляют наибольшую опасность для страхового сектора в ближайшие 2‒3 года.
Новое исследование основных рисков в сфере страхования показало, что в число самых серьезных рисков для страховщиков теперь входят киберриски и процентные ставки. Эти риски появились в рейтинге пятого обзора впервые за все время проведения исследований. Таким образом, становится очевидно, насколько большую озабоченность они вызывают в отрасли, если они рассматриваются в одном ряду с изменениями в нормативно-правовом регулировании и макроэкономикой в более широком контексте.
Given that most companies are struggling to achieve healthy growth in the current climate, fraudulent activity cannot be tolerated, however minor some of the individual ‘crimes’ being committed appear to be.
While the typical employee misdemeanour may not be on the same scale as those that transpired from the recent MPs’ expenses scandal, the amounts involved soon add up and can present a risk to company profits.
Alarmingly, KPMG uncovered a dramatic increase in the number of cases involving the exploitation of weak internal controls – up to 74% in 2011 from 49% in 2007. This suggests that many organisations are not adequately protecting themselves from losses incurred through employee crime.
It is also likely that the problems are more widespread and costly than these surveys suggest, since many cases of fraud go unreported either because companies are failing to monitor and measure instances of internal crimes, particularly below a certain threshold, or because they prefer to handle any cases that do emerge internally to minimise any negative PR.
If you would like more information on improving internal controls and what a robust, secure finance system should look like please contact us on 01582 714 810.
This document summarizes a study that aimed to develop a model for detecting false financial statements using published data from Greece. The study analyzed 76 firms, including 38 with false financial statements and 38 without, looking at 10 financial ratios as potential predictors. Using logistic regression, the study developed a model based on five variables - inventory to sales ratio, total debt to total assets ratio, working capital to total assets ratio, net profit to total assets ratio, and a financial distress score - that could accurately classify firms as having false financial statements or not with over 84% accuracy. The model provides a method for auditors, tax authorities, and others to detect potential false financial statements.
MN6001 Business Without Borders, Assignment 3 (i)James Doherty
This document reflects on the author's university experience and international business management theories. It discusses several key points:
1. The importance of reflection in international business to learn from past experiences and mistakes. Managers should critically analyze projects to develop knowledge databases.
2. Globalization has reshaped business and theories through blurred boundaries and increased interconnections. Firms like P&G have adapted well through geocentric practices, while others like American Airlines struggled without change.
3. In group work, strong communication is vital for success, and language/cultural barriers can cause issues in multicultural groups if not addressed. Effective collaboration across differences is an important skill.
A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...Samirsinh Parmar
Disaster management;
Cyclone Disaster Management;;
Biparjoy Cyclone Case Study;
Meteorological Observations;
Best practices in Disaster Management;
Synchronization of Agencies;
GSDMA in Cyclone disaster Management;
History of Cyclone in Arabian ocean;
Intensity of Cyclone in Gujarat;
Cyclone preparedness;
Miscellaneous observations - Biparjoy cyclone;
Role of social Media in Disaster Management;
Unique features of Biparjoy cyclone;
Role of IMD in Biparjoy Prediction;
Lessons Learned; Disaster Preparedness; published paper;
Case study; for disaster management agencies; for guideline to manage cyclone disaster; cyclone management; cyclone risks; rescue and rehabilitation for cyclone; timely evacuation during cyclone; port closure; tourism closure etc.
Originally presented at XP2024 Bolzano
While agile has entered the post-mainstream age, possibly losing its mojo along the way, the rise of remote working is dealing a more severe blow than its industrialization.
In this talk we'll have a look to the cumulative effect of the constraints of a remote working environment and of the common countermeasures.
This presentation, "The Morale Killers: 9 Ways Managers Unintentionally Demotivate Employees (and How to Fix It)," is a deep dive into the critical factors that can negatively impact employee morale and engagement. Based on extensive research and real-world experiences, this presentation reveals the nine most common mistakes managers make, often without even realizing it.
The presentation begins by highlighting the alarming statistic that 70% of employees report feeling disengaged at work, underscoring the urgency of addressing this issue. It then delves into each of the nine "morale killers," providing clear explanations and illustrative examples.
1. Ignoring Achievements: The presentation emphasizes the importance of recognizing and rewarding employees' efforts, tailored to their individual preferences.
2. Bad Hiring/Promotions & Broken Promises: It reveals the detrimental effects of poor hiring and promotion decisions, along with the erosion of trust that results from broken promises.
3. Treating Everyone Equally & Tolerating Poor Performance: This section stresses the need for fair treatment while acknowledging that employees have different needs. It also emphasizes the importance of addressing poor performance promptly.
4. Stifling Growth & Lack of Interest: The presentation highlights the importance of providing opportunities for learning and growth, as well as showing genuine care for employees' well-being.
5. Unclear Communication & Micromanaging: It exposes the frustration and resentment caused by vague expectations and excessive control, advocating for clear communication and employee empowerment.
The presentation then shifts its focus to the power of recognition and empowerment, highlighting how a culture of appreciation can fuel engagement and motivation. It provides actionable takeaways for managers, emphasizing the need to stop demotivating behaviors and start actively fostering a positive workplace culture.
The presentation concludes with a strong call to action, encouraging viewers to explore the accompanying blog post, "9 Proven Ways to Crush Employee Morale (and How to Avoid Them)," for a more in-depth analysis and practical solutions.
m249-saw PMI To familiarize the soldier with the M249 Squad Automatic Weapon ...LinghuaKong2
M249 Saw marksman PMIThe Squad Automatic Weapon (SAW), or 5.56mm M249 is an individually portable, gas operated, magazine or disintegrating metallic link-belt fed, light machine gun with fixed headspace and quick change barrel feature. The M249 engages point targets out to 800 meters, firing the improved NATO standard 5.56mm cartridge.The SAW forms the basis of firepower for the fire team. The gunner has the option of using 30-round M16 magazines or linked ammunition from pre-loaded 200-round plastic magazines. The gunner's basic load is 600 rounds of linked ammunition.The SAW was developed through an initially Army-led research and development effort and eventually a Joint NDO program in the late 1970s/early 1980s to restore sustained and accurate automatic weapons fire to the fire team and squad. When actually fielded in the mid-1980s, the SAW was issued as a one-for-one replacement for the designated "automatic rifle" (M16A1) in the Fire Team. In this regard, the SAW filled the void created by the retirement of the Browning Automatic Rifle (BAR) during the 1950s because interim automatic weapons (e.g. M-14E2/M16A1) had failed as viable "base of fire" weapons.
Early in the SAW's fielding, the Army identified the need for a Product Improvement Program (PIP) to enhance the weapon. This effort resulted in a "PIP kit" which modifies the barrel, handguard, stock, pistol grip, buffer, and sights.
The M249 machine gun is an ideal complementary weapon system for the infantry squad platoon. It is light enough to be carried and operated by one man, and can be fired from the hip in an assault, even when loaded with a 200-round ammunition box. The barrel change facility ensures that it can continue to fire for long periods. The US Army has conducted strenuous trials on the M249 MG, showing that this weapon has a reliability factor that is well above that of most other small arms weapon systems. Today, the US Army and Marine Corps utilize the license-produced M249 SAW.
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...ssuserf63bd7
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd test bank.docx
https://qidiantiku.com/test-bank-for-small-business-management-an-entrepreneurs-guidebook-8th-edition-by-mary-jane-byrd.shtml
Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...Alexey Krivitsky
Is Agile dead? It depends on what you mean by 'Agile'. If you mean that the organizations are not getting the promised benefits because they were focusing too much on the team-level agile "ways of working" instead of systemic global improvements -- then we are in agreement. It is a misunderstanding of Agility that led us down a dead-end. At Org Topologies, we see bright sparks -- the signs of the 'second wave of Agile' as we call it. The emphasis is shifting towards both in-team and inter-team collaboration. Away from false dichotomies. Both: team autonomy and shared broad product ownership are required to sustain true result-oriented organizational agility. Org Topologies is a package offering a visual language plus thinking tools required to communicate org development direction and can be used to help design and then sustain org change aiming at higher organizational archetypes.
From Concept to reality : Implementing Lean Managements DMAIC Methodology for...Rokibul Hasan
The Ready-Made Garments (RMG) industry in Bangladesh is a cornerstone of the economy, but increasing costs and stagnant productivity pose significant challenges to profitability. This study explores the implementation of Lean Management in the Sampling Section of RMG factories to enhance productivity. Drawing from a comprehensive literature review, theoretical framework, and action research methodology, the study identifies key areas for improvement and proposes solutions.
Through the DMAIC approach (Define, Measure, Analyze, Improve, Control), the research identifies low productivity as the primary problem in the Sampling Section, with a PPH (Productivity per head) of only 4.0. Using Lean Management techniques such as 5S, Standardized work, PDCA/Kaizen, KANBAN, and Quick Changeover, the study addresses issues such as pre and post Quick Changeover (QCO) time, improper line balancing, and sudden plan changes.
The research employs regression analysis to test hypotheses, revealing a significant correlation between reducing QCO time and increasing productivity. With a regression equation of Y = -0.000501X + 6.72 and an R-squared value of 0.98, the study demonstrates a strong relationship between the independent variables (QCO downtime and improper line balancing downtime) and the dependent variable (productivity per head).
The findings suggest that by implementing Lean Management practices and addressing key productivity inhibitors, RMG factories can achieve substantial improvements in efficiency and profitability. The study provides valuable insights for practitioners, policymakers, and researchers seeking to enhance productivity in the RMG industry and similar manufacturing sectors.
Maximize Your Efficiency with This Comprehensive Project Management Platform ...SOFTTECHHUB
In today's work environment, staying organized and productive can be a daunting challenge. With multiple tasks, projects, and tools to juggle, it's easy to feel overwhelmed and lose focus. Fortunately, liftOS offers a comprehensive solution to streamline your workflow and boost your productivity. This innovative platform brings together all your essential tools, files, and tasks into a single, centralized workspace, allowing you to work smarter and more efficiently.
Neal Elbaum Shares Top 5 Trends Shaping the Logistics Industry in 2024Neal Elbaum
In the ever-evolving world of logistics, staying ahead of the curve is crucial. Industry expert Neal Elbaum highlights the top five trends shaping the logistics industry in 2024, offering valuable insights into the future of supply chain management.
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1. The document discusses forensic accounting, which utilizes investigative skills and techniques to uncover fraud and quantify economic damages. It has become increasingly important with the rise of complex financial crimes.
2. A forensic accountant examines financial evidence, designs audit techniques to identify fraud, reports findings in exhibits and documents, and provides litigation support. Their work helps combat fraud in contexts like false financial statements, asset misappropriation, and shareholder disputes.
3. Uncovering large corporate scandals like Enron has increased demand for periodic fraud checks by forensic accountants. Their procedures involve data mining, document inspection, financial evidence detection, interviews, and asset tracing to uncover fraud and prepare reports.
Quality Writing Paper. Best Website For Homework Help Services.Joe Andelija
This document discusses the debate between Mac and PC operating systems. It notes that while PCs are more popular due to higher software availability, Macs are actually more durable and useful. PCs have a wider variety of available software since most users own PCs. However, Macs last longer over time with continued software and operating system support. Overall the document argues that Macs provide better value than PCs despite their higher initial cost.
This literature review is organized in five sections. Firstly, we begin with general ideas and continue with the origin of the fraudulent. Secondly, we discuss the struggle of the phenomena, insisting on the available mechanisms. Finally, we’ll discuss the link between audit and fraud.
Risk Management In Todays Uncertain Environment 3 2009Jason Jones
The document discusses the paradigm shift from risk management to uncertainty management in today's environment. It outlines the risk management agenda for 2009, including reassessing investment risk, fixing broken risk models, managing higher capital requirements, proactive cycle management, and focusing on counterparty risk. The document was written by Jason A. Jones of Jones Strategy Consulting.
Factors explaining the innefficient valuation of intangiblesaccounting2010
The document discusses the inefficient valuation of intangible assets in capital markets and the problems that result. It identifies three main causes of inefficient valuation: 1) The quality of financial information provided does not adequately disclose information about intangible assets. 2) Market imperfections like information asymmetry allow insider gains. 3) Financial analysts have limitations that can lead to biases in their earnings forecasts, like cognitive biases, incentives, and time constraints. The document suggests improved disclosure requirements and market regulations could help address these issues.
This document provides a SWOT analysis of Enron prior to its collapse in 2001. It identifies strengths such as Enron's human capital pool and competitive advantage in jet fuel sales after 9/11. Weaknesses included the failed board of directors, unethical practices, and a corporate culture that enabled fraud. Opportunities existed in growing clean energy markets and business expansion to Asia. Threats included increased competition, regulations, and the economic impacts of the subprime mortgage crisis. The analysis ultimately concludes that Enron's downfall was due to unethical internal practices rather than external forces.
This document discusses two phenomena that began in the mid-to-late 1990s: 1) A decline in the quality and appreciation of music, attributed to changes in the music industry and technology. 2) A rise in assets under management for alternative asset managers, but a decline in performance. It then discusses trends among investors, including lower fees for managers, more direct investments, growing interest in niche strategies, and decreasing patience with underperforming or largest firms. The document concludes with an update on the author's firm, Alpine, and their focus on unique opportunities and content.
OLYMPUS TOP MANAGEMENT FINANCIAL FRAUDOLYMPUS TOP MANAGAMENT FIN.docxhopeaustin33688
Olympus engaged in financial fraud from 1990-2011 by hiding losses from failed investments. Top management used over $1 billion to acquire other companies solely to hide the accumulated losses. They did not report the unrealized losses as required by GAAP. Instead, they created unconsolidated funds to purchase the securities at inflated prices, disguising the losses. In 2011, a new president discovered questionable transactions totaling over $600 million to unnamed recipients, leading to an investigation that found $1.7 billion in fraudulent advisory fees. Both internal and external auditors were complicit, masking fraudulent financial statements and not properly investigating transactions. The fraud involved both fraudulent financial reporting and asset misappropriation, violating GAAP accounting standards.
Исследование Insurance Banana Skins 2015PwC Russia
В исследовании Insurance Banana Skins 2015, направленном на изучение рисков в сфере страхования в 2015 году и проведенном Центром по изучению финансовых инноваций (ЦИФИ) совместно с фирмой PwC, участвовало более 800 респондентов из числа страховщиков и сторонних наблюдателей из 54 стран мира. Цель исследования заключалась в том, чтобы выяснить, какие риски, по их мнению, представляют наибольшую опасность для страхового сектора в ближайшие 2‒3 года.
Новое исследование основных рисков в сфере страхования показало, что в число самых серьезных рисков для страховщиков теперь входят киберриски и процентные ставки. Эти риски появились в рейтинге пятого обзора впервые за все время проведения исследований. Таким образом, становится очевидно, насколько большую озабоченность они вызывают в отрасли, если они рассматриваются в одном ряду с изменениями в нормативно-правовом регулировании и макроэкономикой в более широком контексте.
Given that most companies are struggling to achieve healthy growth in the current climate, fraudulent activity cannot be tolerated, however minor some of the individual ‘crimes’ being committed appear to be.
While the typical employee misdemeanour may not be on the same scale as those that transpired from the recent MPs’ expenses scandal, the amounts involved soon add up and can present a risk to company profits.
Alarmingly, KPMG uncovered a dramatic increase in the number of cases involving the exploitation of weak internal controls – up to 74% in 2011 from 49% in 2007. This suggests that many organisations are not adequately protecting themselves from losses incurred through employee crime.
It is also likely that the problems are more widespread and costly than these surveys suggest, since many cases of fraud go unreported either because companies are failing to monitor and measure instances of internal crimes, particularly below a certain threshold, or because they prefer to handle any cases that do emerge internally to minimise any negative PR.
If you would like more information on improving internal controls and what a robust, secure finance system should look like please contact us on 01582 714 810.
This document summarizes a study that aimed to develop a model for detecting false financial statements using published data from Greece. The study analyzed 76 firms, including 38 with false financial statements and 38 without, looking at 10 financial ratios as potential predictors. Using logistic regression, the study developed a model based on five variables - inventory to sales ratio, total debt to total assets ratio, working capital to total assets ratio, net profit to total assets ratio, and a financial distress score - that could accurately classify firms as having false financial statements or not with over 84% accuracy. The model provides a method for auditors, tax authorities, and others to detect potential false financial statements.
MN6001 Business Without Borders, Assignment 3 (i)James Doherty
This document reflects on the author's university experience and international business management theories. It discusses several key points:
1. The importance of reflection in international business to learn from past experiences and mistakes. Managers should critically analyze projects to develop knowledge databases.
2. Globalization has reshaped business and theories through blurred boundaries and increased interconnections. Firms like P&G have adapted well through geocentric practices, while others like American Airlines struggled without change.
3. In group work, strong communication is vital for success, and language/cultural barriers can cause issues in multicultural groups if not addressed. Effective collaboration across differences is an important skill.
Similar to When the main risk comes from the management process itself (12)
A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...Samirsinh Parmar
Disaster management;
Cyclone Disaster Management;;
Biparjoy Cyclone Case Study;
Meteorological Observations;
Best practices in Disaster Management;
Synchronization of Agencies;
GSDMA in Cyclone disaster Management;
History of Cyclone in Arabian ocean;
Intensity of Cyclone in Gujarat;
Cyclone preparedness;
Miscellaneous observations - Biparjoy cyclone;
Role of social Media in Disaster Management;
Unique features of Biparjoy cyclone;
Role of IMD in Biparjoy Prediction;
Lessons Learned; Disaster Preparedness; published paper;
Case study; for disaster management agencies; for guideline to manage cyclone disaster; cyclone management; cyclone risks; rescue and rehabilitation for cyclone; timely evacuation during cyclone; port closure; tourism closure etc.
Originally presented at XP2024 Bolzano
While agile has entered the post-mainstream age, possibly losing its mojo along the way, the rise of remote working is dealing a more severe blow than its industrialization.
In this talk we'll have a look to the cumulative effect of the constraints of a remote working environment and of the common countermeasures.
This presentation, "The Morale Killers: 9 Ways Managers Unintentionally Demotivate Employees (and How to Fix It)," is a deep dive into the critical factors that can negatively impact employee morale and engagement. Based on extensive research and real-world experiences, this presentation reveals the nine most common mistakes managers make, often without even realizing it.
The presentation begins by highlighting the alarming statistic that 70% of employees report feeling disengaged at work, underscoring the urgency of addressing this issue. It then delves into each of the nine "morale killers," providing clear explanations and illustrative examples.
1. Ignoring Achievements: The presentation emphasizes the importance of recognizing and rewarding employees' efforts, tailored to their individual preferences.
2. Bad Hiring/Promotions & Broken Promises: It reveals the detrimental effects of poor hiring and promotion decisions, along with the erosion of trust that results from broken promises.
3. Treating Everyone Equally & Tolerating Poor Performance: This section stresses the need for fair treatment while acknowledging that employees have different needs. It also emphasizes the importance of addressing poor performance promptly.
4. Stifling Growth & Lack of Interest: The presentation highlights the importance of providing opportunities for learning and growth, as well as showing genuine care for employees' well-being.
5. Unclear Communication & Micromanaging: It exposes the frustration and resentment caused by vague expectations and excessive control, advocating for clear communication and employee empowerment.
The presentation then shifts its focus to the power of recognition and empowerment, highlighting how a culture of appreciation can fuel engagement and motivation. It provides actionable takeaways for managers, emphasizing the need to stop demotivating behaviors and start actively fostering a positive workplace culture.
The presentation concludes with a strong call to action, encouraging viewers to explore the accompanying blog post, "9 Proven Ways to Crush Employee Morale (and How to Avoid Them)," for a more in-depth analysis and practical solutions.
m249-saw PMI To familiarize the soldier with the M249 Squad Automatic Weapon ...LinghuaKong2
M249 Saw marksman PMIThe Squad Automatic Weapon (SAW), or 5.56mm M249 is an individually portable, gas operated, magazine or disintegrating metallic link-belt fed, light machine gun with fixed headspace and quick change barrel feature. The M249 engages point targets out to 800 meters, firing the improved NATO standard 5.56mm cartridge.The SAW forms the basis of firepower for the fire team. The gunner has the option of using 30-round M16 magazines or linked ammunition from pre-loaded 200-round plastic magazines. The gunner's basic load is 600 rounds of linked ammunition.The SAW was developed through an initially Army-led research and development effort and eventually a Joint NDO program in the late 1970s/early 1980s to restore sustained and accurate automatic weapons fire to the fire team and squad. When actually fielded in the mid-1980s, the SAW was issued as a one-for-one replacement for the designated "automatic rifle" (M16A1) in the Fire Team. In this regard, the SAW filled the void created by the retirement of the Browning Automatic Rifle (BAR) during the 1950s because interim automatic weapons (e.g. M-14E2/M16A1) had failed as viable "base of fire" weapons.
Early in the SAW's fielding, the Army identified the need for a Product Improvement Program (PIP) to enhance the weapon. This effort resulted in a "PIP kit" which modifies the barrel, handguard, stock, pistol grip, buffer, and sights.
The M249 machine gun is an ideal complementary weapon system for the infantry squad platoon. It is light enough to be carried and operated by one man, and can be fired from the hip in an assault, even when loaded with a 200-round ammunition box. The barrel change facility ensures that it can continue to fire for long periods. The US Army has conducted strenuous trials on the M249 MG, showing that this weapon has a reliability factor that is well above that of most other small arms weapon systems. Today, the US Army and Marine Corps utilize the license-produced M249 SAW.
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...ssuserf63bd7
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd test bank.docx
https://qidiantiku.com/test-bank-for-small-business-management-an-entrepreneurs-guidebook-8th-edition-by-mary-jane-byrd.shtml
Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...Alexey Krivitsky
Is Agile dead? It depends on what you mean by 'Agile'. If you mean that the organizations are not getting the promised benefits because they were focusing too much on the team-level agile "ways of working" instead of systemic global improvements -- then we are in agreement. It is a misunderstanding of Agility that led us down a dead-end. At Org Topologies, we see bright sparks -- the signs of the 'second wave of Agile' as we call it. The emphasis is shifting towards both in-team and inter-team collaboration. Away from false dichotomies. Both: team autonomy and shared broad product ownership are required to sustain true result-oriented organizational agility. Org Topologies is a package offering a visual language plus thinking tools required to communicate org development direction and can be used to help design and then sustain org change aiming at higher organizational archetypes.
From Concept to reality : Implementing Lean Managements DMAIC Methodology for...Rokibul Hasan
The Ready-Made Garments (RMG) industry in Bangladesh is a cornerstone of the economy, but increasing costs and stagnant productivity pose significant challenges to profitability. This study explores the implementation of Lean Management in the Sampling Section of RMG factories to enhance productivity. Drawing from a comprehensive literature review, theoretical framework, and action research methodology, the study identifies key areas for improvement and proposes solutions.
Through the DMAIC approach (Define, Measure, Analyze, Improve, Control), the research identifies low productivity as the primary problem in the Sampling Section, with a PPH (Productivity per head) of only 4.0. Using Lean Management techniques such as 5S, Standardized work, PDCA/Kaizen, KANBAN, and Quick Changeover, the study addresses issues such as pre and post Quick Changeover (QCO) time, improper line balancing, and sudden plan changes.
The research employs regression analysis to test hypotheses, revealing a significant correlation between reducing QCO time and increasing productivity. With a regression equation of Y = -0.000501X + 6.72 and an R-squared value of 0.98, the study demonstrates a strong relationship between the independent variables (QCO downtime and improper line balancing downtime) and the dependent variable (productivity per head).
The findings suggest that by implementing Lean Management practices and addressing key productivity inhibitors, RMG factories can achieve substantial improvements in efficiency and profitability. The study provides valuable insights for practitioners, policymakers, and researchers seeking to enhance productivity in the RMG industry and similar manufacturing sectors.
Maximize Your Efficiency with This Comprehensive Project Management Platform ...SOFTTECHHUB
In today's work environment, staying organized and productive can be a daunting challenge. With multiple tasks, projects, and tools to juggle, it's easy to feel overwhelmed and lose focus. Fortunately, liftOS offers a comprehensive solution to streamline your workflow and boost your productivity. This innovative platform brings together all your essential tools, files, and tasks into a single, centralized workspace, allowing you to work smarter and more efficiently.
Neal Elbaum Shares Top 5 Trends Shaping the Logistics Industry in 2024Neal Elbaum
In the ever-evolving world of logistics, staying ahead of the curve is crucial. Industry expert Neal Elbaum highlights the top five trends shaping the logistics industry in 2024, offering valuable insights into the future of supply chain management.
Neal Elbaum Shares Top 5 Trends Shaping the Logistics Industry in 2024
When the main risk comes from the management process itself
1. When the main risk comes from
the management process itself
1
Dr Emmanuel Fragnière, CIA
Hes-so School of Management Sierre
10th Annual GRC Summit 2016 - London
3. 11/10/2016 3
IN JANUARY 2008,
THE BANK SOCIÉTÉ GÉNÉRALE
LOST APPROXIMATELY
€4.9 BILLION
CLOSING OUT
POSITIONS OVER
THREE DAYS OF
TRADING
BEGINNING JANUARY
21, 2008,
A PERIOD IN WHICH
THE MARKET WAS
EXPERIENCING
A LARGE DROP IN
EQUITY INDICES.
Source: https://en.wikipedia.org/wiki/2008_Société_Générale_trading_loss
THE BANK STATES THESE
POSITIONS WERE
FRAUDULENT
TRANSACTIONS CREATED BY
JÉRÔME KERVIEL,
A TRADER WITH THE
COMPANY.
THE POLICE STATED THEY
LACKED EVIDENCE TO
CHARGE HIM WITH FRAUD
AND CHARGED HIM WITH
BREACH OF TRUST AND
ILLEGALLY ACCESSING
COMPUTERS, KERVIEL STATES
HIS ACTIONS WERE KNOWN TO
HIS SUPERIORS AND THAT THE
LOSSES WERE CAUSED BY PANIC
SELLING BY THE BANK.
As with every service
activity, human resources
play a key role in the
banking industry.
In these hectic times,
collaborators may have lost
their bearings.
4. Methodology
• Literature review
• A priori hypotheses.
• 35 semi-directed interviews.
• Content analysis (with the help of RQDA)
• New theoretical framework
11/10/2016 4
Dubosson M., Fragnière E., Pasquier M. and Reynard C., “How human
risk could lead to value destruction in services: an exploratory study
about occupational stress in the Swiss wealth management sector”,
XXVI. International RESER Conference, pp. 492-511, 2016.
6. 11/10/2016 6
Research model developed by O’Donoghue et al. (2016) considering both employee
well-being and employee ill-being
7. Job resources
- Autonomy
- Job control/Participation
- Performance feedback
- Social support
- Supervisory coaching/
Leadership
- Learning opportunities
- Rewards Job resources
- Job content/Skill variety
- Competence/Capabilities
- Job security
Job demands
- Work pressure
- Excessive workload
- Demanding clients
- Cultural context/Climate
- Changes/Turbulence
- Organizational roles
- Role conflict
- Role ambiguity
- Poor environmental
conditions
Ill-being
- Job dissatisfaction
- Health trouble
- Psychological symptoms
(Anxiety, Depression, …)
- Negative stress
- Disengagement / Cynicism
- Exhaustion
- Burnout
Value destruction
- Extra-role lack of
performance
- In-role lack of
performance
- Decreasing financial
returns
- Lack of
adaptability/Creativity
- Customer dissatisfaction
(perception of bad service)
- Employee turnover
- Employee absenteeism
Revised model (based on Bakker; Demerouti, 2007 and
Donoghue, 2016) used for coding purposes
Hypotheses
8. It’s like Foreign Legion. You come with your weapons
and equipment. You don’t care about your employer.
Employees are like mercenaries.
(Interview 9 – chief security officer)
8
9. Human risk –
Value destruction loop
11/10/2016 9
Job
demands
Job
resources
Ill -being
Value
destruction
10. 10
Bad leadership
Lack of social
support
Work pressure
Work overload
Exhaustion
Burnout
Stress
Employee
turnover
Absenteeism
Human risk –
Value destruction loop
11. 11
Lack of job
security
Bad leadership
Changes and
turbulences
Job
dissatisfaction
Disengagement
Cynicism
Internal fraud
Human risk –
Value destruction loop
12. Concluding
comments
• Value destruction reinforces stressors as part of a vicious
circle (human risk – value destruction loop)
• There is a contagion effect
• Address the causes at the origin of the risks rather than its
consequences – development of new methods
• Need for more proximity, direct communication and
trust
• Test reliability in different industries
• Further quantitative research
12
13. Our bank is like a steamer. We regularly increase the
heat. We don’t know when it’s going to explode. But
when it will, damages will be huge.
(Interview 7 – private wealth advisor)
13
14. Including the human
factor in risk software
• We have been collaborating over the last ten years
with OXIAL to integrate our applied research on risk
management in a real risk software
• We continue to work with OXIAL engineers to build on
the notion of human risk in their software
• OXIAL GRC Solutions are unique in this respect
14