Financial Steering

Financial Steering
Author: Martin Schwarzbichler
Publisher: Springer
Total Pages: 496
Release: 2018-06-09
Genre: Business & Economics
ISBN: 3319757628

This book is a guide to how financial steering is designed, measured and implemented with a special focus on the energy industry. The authors offer an overview of and practical insights into the links between financial steering and accounting, and the temporary cycles of investment, divestment, return and loss, market highs and lows that form the framework of the entire energy industry across all value chain stages. The faster and the larger the cash cycles of investments and their returns, the greater not only the value created, but also the potential loss if the financial steering is not properly designed and managed. Value and value generation require an understanding of how value is both defined and measured in both and how the business/project economics model of a company works – financial steering provides this. Further, the book also discusses accounting topics such as impairments, new IFRS standards and the impact of accounting on key performance indicators of financial steering, which are associated with these investment decision valuations. The combination of accounting with the cash flow perspective provides a complete understanding of selected practical topics of financial steering which are explained in detail in a large number of examples and case studies. The book is intended for a wide range of finance/controlling/treasury/accounting professionals and students. It is written in practical and simple terms to outline the financial steering concept and to bring it to life in daily work and in the decision making process for financial steering. All illustrated concepts are in the same manner relevant and applicable to all other asset-intense industry sectors and their financial steering processes.

Building the High-Performance Finance Function

Building the High-Performance Finance Function
Author: de Waal, André
Publisher: IGI Global
Total Pages: 298
Release: 2022-02-11
Genre: Business & Economics
ISBN: 1799869318

The finance function can be regarded as the spider in the organizational web, as it has relations with every part of the organization and is also represented on the executive board. Therefore, it is of utmost importance that this function takes the lead by quickly transforming itself into a high-performance finance function (HPFF), serving as a role model for other functions in the organization. Building the High-Performance Finance Function describes the development of the high-performance finance function (HPFF) framework and explores the experiences, lessons learned, and results achieved by finance functions that have transformed themselves into “HPFFs,” or high-performance finance functions, using the HPFF framework. Covering a range of topics such as excellence in finance and high-performance organizations, it is ideal for industry professionals, teachers, researchers, academicians, practitioners, and students.

International Perspectives on the Governance of Higher Education

International Perspectives on the Governance of Higher Education
Author: Jeroen Huisman
Publisher: Routledge
Total Pages: 305
Release: 2009-03-28
Genre: Education
ISBN: 1135858152

Essential reading for policy makers, institutional leaders, managers, advisors, and scholars in the field of higher education, The Governance of Higher Education analyzes how higher education systems of governance have evolved in recent years. An authoritative overview that questions why some systems of governance have persisted while others have experienced patterns of change, it further looks at how governments shape the policy-making process in higher education in an effort to secure particular policy outcomes.

Creativity & Innovation

Creativity & Innovation
Author: Ashwini Kumar Singh
Publisher: Notion Press
Total Pages: 466
Release: 2021-03-17
Genre: Self-Help
ISBN: 1638067686

“Creativity and innovation are to events, what the heart and soul are to the living.” The book aims at encouraging readers to capture the traits and develop skills for enhancing their creative and innovative capabilities, cultivating the culture of creativity and innovation. Creativity is inventiveness with new ideas; critical thinking is generating and selecting ideas; and innovation turns creativity into products, processes and services. Creativity + Critical thinking + Innovation = Path of Desired Change The primary difference between creativity and innovation is that the former refers to conceiving a new idea while the latter involves converting that idea into a marketable commodity. Creativity and innovation are an attempt to gain a competitive advantage. Organizations are now focusing on enhancing their employees’ creativity and not merely developing their technical competencies and skills. Undoubtedly, creativity is the most important human resource of all without which there would be no progress, and we would be forever repeating the same patterns. Innovation is at the heart of all successful companies.

Innovation and Transformation

Innovation and Transformation
Author: Martin Kaschny
Publisher: Springer
Total Pages: 326
Release: 2018-05-30
Genre: Business & Economics
ISBN: 3319785249

This book discusses a six-step transformation cycle in which the tasks of innovation management – ranked according to their relevance for companies – are placed in a systematic order. Presenting an in-depth discussion on innovation and transformation, the authors delve into strategic themes such as business models and strategic positioning, which are fundamental to the innovation process. It also describes the underlying processes and roles of innovation management, and the required organizational structures. Following process organization and organizational structure, the authors highlight how the appropriate human resource strategy should look and the manner of personnel selection or development to be implemented. The authors also provide tools and systems that are assigned to specific employees working with innovation management; these deal with innovation audit, knowledge management, idea management, financing and budgeting innovations, marketing and property rights. The book also sheds light on how the effectiveness of the innovation process can be monitored using indicator systems. This is a handy resource for managers looking for a structured strategy and how to implement it to achieve optimal innovation management and reap its benefits.

IMF, World Bank & ADB Agenda on Privatisation

IMF, World Bank & ADB Agenda on Privatisation
Author: Nihal Sri Ameresekere
Publisher: AuthorHouse
Total Pages: 589
Release: 2011
Genre: Business & Economics
ISBN: 1456778080

This shockingly explosive Book deals with the manipulative privatization of Sri Lanka Insurance, under a privatization program, pushed by IMF, World Bank and ADB; questionably mishandled by PricewaterhouseCoopers and Ernst & Young, contravening governmental procedures and professional standards; involving a consortium of leading corporates, controlled by one individual, portrayed as a close associate of former US President Bill Clinton. This dubious deal was annulled as wrongful, unlawful and illegal by the Supreme Court, the highest judiciary, observing that it 'shocked the conscience of Court', asserting that public assets are held in trust on behalf of the people. This Book exposes those holding elected and selected influential and powerful public office unabashedly compromising national and public interests, in the disposal of an invaluable national asset, at a ridiculous price, to parties, who had not even been pre-qualified, with one party incorporated in Gibraltar after the completion of the process, and whose source of funds channeled through a leading Bank remained a mystery. This Book appallingly reveals how pontificating professionals retrospectively manipulated the financials of Sri Lanka Insurance, facilitating a fraudulent demand for a refund from the Government. It reveals the unashamed condoning of fraud and corruption, and bestowing on corrupt miscreants even more recognition, shunning the 'rule of law'; and the absence of law enforcement; and the duplicitous stances of the Chamber of Commerce and the Institute of Chartered Accountants. This book is an 'eye opener' on socio-political realities, and is invaluable to those dealing with privatization, public finance and commerce, fraud and corruption, forensic accounting, and to legal academics and professionals, and public interest activists.

The President on Trial

The President on Trial
Author: Sharon Weill
Publisher: Oxford University Press
Total Pages: 465
Release: 2020-05-27
Genre: Law
ISBN: 019260225X

During the 1980s, thousands of Chadian citizens were detained, tortured, and raped by then-President Hissène Habré's security forces. Decades later, Habré was finally prosecuted for his role in these atrocities not in his own country or in The Hague, but across the African continent, at the Extraordinary African Chambers in Senegal. By some accounts, Habré's trial and conviction by a specially built court in Dakar is the most significant achievement of global criminal justice in the past decade. Simply creating a court and commencing a trial against a deposed head of state was an extraordinary success. With its 2016 judgment, affirmed on appeal in 2017, the hybrid tribunal in Senegal exceeded expectations, working to deadlines and within its budget, with no murdered witnesses or self-dealing officials. This book details and contextualizes the Habré trial. It presents the trial and its impact using a novel structure of first-person accounts from 26 direct actors (Part I), accompanied by academic analysis from leading experts on international criminal justice (Part II). Combined, these views present both local and international perspectives through distinct but inter-locking parts: empirical source material from understudied actors both within and outside the court is then contextualized with expert analysis that reflects on the construction and work of: the Extraordinary African Chamber (EAC) as well as wider themes of international criminal law. Together with an introduction laying out the work and significance of the EAC and its trial of Hissène Habré, the book is a comprehensive consideration of a history-making trial.

Demographic Change and Intergenerational Justice

Demographic Change and Intergenerational Justice
Author: Joerg Tremmel
Publisher: Springer Science & Business Media
Total Pages: 229
Release: 2008-03-04
Genre: Social Science
ISBN: 3540770844

Intergenerational justice has been achieved if the opportunities of the members of the next generation to fulfill their needs are better than those of the members of the preceding generation. For this, each generation ought to leave for the next generation an amount of resources is at least equal to its own amount. The book deals with the complex relationship between intergenerational justice and demographic change and is characterized by its interdisciplinary approach. The authors come from a multitude of professional backgrounds and from several countries. This illustrates the implications of the demographic shift from many different perspectives. The book deals not only with the aspects of economic policy but also with environmental, societal and philosophical issues. The comprehensive volume is composed of five sections that pinpoint demographic trends, examine the impact of demographic changes on key indicators, investigate the relationship between key indicators and intergenerational justice, scrutinize population policies, and finally propose ways to implement long-term thinking on these issues.

Multi-Channel Strategies for Retail Financial Services

Multi-Channel Strategies for Retail Financial Services
Author: Patrick Dahmen
Publisher: Springer Science & Business Media
Total Pages: 232
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3322818284

Patrick Dahmen analyses the internal and external dimensions of multi-channel strategies and develops a management framework for their strategic design and operational implementation. Case studies illustrate the underlying managerial challenges.

Supply Chain Management and Business Performance

Supply Chain Management and Business Performance
Author: Christelle Camman
Publisher: John Wiley & Sons
Total Pages: 286
Release: 2017-07-06
Genre: Technology & Engineering
ISBN: 1119427452

Against this current trend of low growth and high uncertainty, business directors must work with their shareholders to set strategic objectives and define business models. The great number of possible strategies makes this type of management very complex, and the actual deployment of strategic choices is often limited by a lack of overall coherence within the organization. This problem calls for an appropriate and renewed response. In strategic management today, a closer, permanent dialogue is needed between operational and financial performance. Based on a supply chain approach, the Value Added Supply Chain (VASC) model focuses on driving operational performance, but aims to achieve a greater and more dynamic integration between these two dimensions of the company's value creation.