Budgeting and financial management Books
McGraw-Hill Education - Europe Schaums Outline of Mathematics of Finance Second
Book SynopsisThe ideal review for your financial mathematics courseMore than 40 million students have trusted Schaumâs Outlines for their expert knowledge and helpful solved problems. Written by renowned experts in their respective fields, Schaumâs Outlines cover everything from math to science, nursing to language. The main feature for all these books is the solved problems. Step-by-step, authors walk readers through coming up with solutions to exercises in their topic of choice. Coverage of a wide variety of practical applications using actual business and financial transactions Each chapter presents principles and formulas, together with solved problems relevant to each subtopic, followed by a set of supplementary problems with answers Review problems at the end of the book for additional study or self-testing Chapter topics include: Exponents and logarithms; Progressions; Simple interest and discount; Compound interest and discount; Simple annuities; GenTable of ContentsExponents and Logarithms; Progressions; Simple Interest and Simple Discount; Compound Interest and Compound Discount; Simple Annuities; General and Other Annuities; Amortization and Sinking Funds; Bonds; Capital Budgeting and Depreciation
£22.09
Oxford University Press Inc Strategy in 3D
Book SynopsisStrategy decision making and action used to be off limits to all but the select few at the very top of an organization. It was a largely cerebral activity focused on grand long-terms plans made at annual off-site retreats away from the daily challenges of the business. That is no longer the case.The current business environment does not wait for companies to slowly adjust in an annual meeting. The relentless pace of change renders today''s long-term future tomorrow''s history. Rapid innovations and ever-increasing complexities limit executives'' ability to make decisions with perfect information. Does this mean strategy is no longer useful, or even feasible? No. Good strategists are needed now more than ever. But today''s high-performing organizations think of strategy differently than in the past. These companies make strategy part of every manager''s role; they strategize continuously and tackle strategic problems through individuals from all parts of the organization.Strategy in this new, fast-paced world is about diagnosing the diverse array of complex challenges confronting organizations, deciding on novel solutions to address those challenges, and delivering by taking action on those solutions. Including a novel organizational framework and never-before-published application examples, Strategy in 3D helps build these foundational skills and prepares the reader for success as a strategist in the 21st century.Trade ReviewStrategy in 3D: Essential Tools to Diagnose, Decide & Deliver (Oxford University Press), co-authored with two former Kelley School faculty members, presents insights into how companies can broaden and include more people in the strategic process. * George Vlahakis, Indiana University Kelley School of Business, Kelley Blog *Strategy in 3D is one of the most useful and practical strategy books I have encountered. It is structured extremely well around the core strategic modules of diagnosis, decision, and delivery. It also gives students a practical how-to guide to 15 of the most useful strategy frameworks. Students tend to enjoy the contemporary examples and it is clear the authors have written a book that remedies some of the typical issues in strategy textbooks. * Will Geoghegan, Assistant Clinical Professor, Kelley School of Business, Indiana University *The simplicity and straightforwardness of the writing style is attractive. The fact that this book gets right to business without fluff makes it a book I would choose to use in the classroom. * Marilyn R. Kaplan, School of Management, University of Texas at Dallas *Strategy in 3D is a practitioner-oriented book that is easy to read and understand. The authors primarily focus on the various strategy tools and how each tool could be used for any business scenario. At the same time, the authors succinctly explain and duly give credit to the theory that each tool is based on. The first thing that caught my attention is the word 3D and its representation of the three important phases of the strategic management process - diagnose, decide, and deliver, with clear guidelines about the relevant tools that could be used within each phase for any firm. * Sumita Sarma, Assistant Professor of Management, and Director, Business Research and Education Center (BREC), California State University Bakersfield *Strategy in 3D provides a thorough and digestible overview of the fundamentals of strategy and important tools that can be used. The book is packaged together in a way that makes it easy to navigate and offers high-value to the reader. The authors show that they are not only experts in the field, but that they can also effectively deliver that expertise/knowledge in a succinct manner. It's a great resource for any strategic management class and I've also referred back to it for other classes and projects. It's definitely the best strategy textbook that I've read and I highly recommend it. * Scott Wegener, Senior Marketing Specialist at Hatfield Consultants *Table of ContentsChapter 1: Introduction Part 1: Fundamentals Chapter 2: Definition and Levels of Strategy Chapter 3: The Context for Strategic Decision Making Chapter 4: The 3D's of Strategy Part 2: Tools Chapter 5: A Strategy Toolbox Chapter 6: STEEP Chapter 7: 5-Forces Chapter 8: Competitor Analysis Chapter 9: VRIO Chapter 10: Financial Performance Analysis Chapter 11: SWOT Chapter 12: Root Cause Analysis Chapter 13: S-Curve Analysis Chapter 14: Value Chain Analysis Chapter 15: Hypothesis Testing Chapter 16: Segmentation Analysis Chapter 17: Vertical Integration Chapter 18: Market Entry Modes Chapter 19: Business Model Canvas Chapter 20: Balanced Scorecard Chapter 21: Conclusion
£25.64
Oxford University Press Inc The Wise Company
Book SynopsisTo survive and thrive in this day and age of high-velocity change, companies must draw on high quality, experiential knowledge: practical wisdom.Trade ReviewProfessors Nonaka and Takeuchi have taught the world much about managing knowledge. In The Wise Company, they go further, teaching us how to grow our knowledge into wisdom. Every manager will learn from this book, for their job, their organization, and indeed, their own life and well-being. * Henry Chesbrough, Professor, U.C. Berkeley-Haas School of Business *Nonaka and Takeuchi have created a tour de force book of value to CEOs, leaders at all levels, and students aspiring to be world class leaders in a world driven by winners who continuously innovate by creating valuable new knowledge and putting it to practice. Both authors are established world-class academics, but equally as important they are hands-on clinicians who have worked globally with real clients, making real change happen. This book is well-written, engaging, and an important theoretical and practical guide on how to make the world a better place. * Noel Tichy, Professor at the University of Michigan, and author of Control Your Destiny or Someone Else Will and Succession: Mastering the Make-Or-Break Process of Leadership Transition *Nonaka & Takeuchi-both alchemists of innovation management who provide ageless pearls of wisdom-describe how new methods of managing and leading business enterprises require wise leaders, at all levels of the organization. A tour de force with insights, delights, and powerful narratives featuring some of the world's top business leaders and innovators, in Japan and the USA. An evolutionary sequel to the authors' earlier work on the knowledge creating company. * David J. Teece, Tusher Professor, Haas School, U.C. Berkeley *Table of ContentsTable of Contents 1. From Knowledge to Wisdom 2. The Foundations of Knowledge Practice 3. Towards a Model of Knowledge Creation and Practice 4. Judging Goodness 5. Grasping the Essence 6. Creating Ba 7. Communicating the Essence 8. Exercising "Political" Power 9. Fostering Practical Wisdom in Others 10. Epilogue Acknowledgements References Index
£38.34
Oxford University Press Inc Teams That Work
Book SynopsisIn Teams That Work, Scott Tannenbaum and Eduardo Salas present the seven drivers of team effectiveness and the clearest recommendations on what really makes teams great. Readers will find actionable, evidence-based tips for being an effective team leader, a great team member, a supportive senior leader, or an impactful consultant.Trade ReviewThis is a highly-accessible and exceedingly well-researched book on the science of teams and team effectiveness. Written in an inviting tone, and packed full of examples and illustrations, it will appeal to both new and seasoned scholars, practitioners, managers and leaders. * Dr Andreas Xyrichis, Kingâs College London, Journal of Interprofessional Care *Too many teams are less than the sum of their parts. Scott Tannenbaum and Eduardo Salas are here to change that. Their book makes the science of team effectiveness accessible and actionable. * Adam Grant, New York Times bestselling author of ORIGINALS and GIVE AND TAKE, and host of the TED podcast WorkLife *Finally! A book on teams that doesn't oversimplify or gloss over the very real challenges of teamwork in the modern workplace. Tannenbaum and Salas have given us an invaluable resource-one that is comprehensive, exceedingly well-researched, detailed, rigorously cited, and somehow manages to be useful at the same time. Teams That Work is a tour de force. * Amy C. Edmondson, Novartis Professor of Leadership and Management, Harvard Business School and author of The Fearless Organization *A thoughtful and practical framework for building a highly effective team, based on research not myths. * John McCallion, Chief Financial Officer, MetLife Inc *Leadership matters. And effectively building and leading teams of leaders matters even more no matter what size the organization. Teams That Work offers research-based and real world evidence of the science and art involved in building * and more importantly, sustaining-highly effective teams. Leaders at every level in an organization can benefit from the clear, concise presentation of what it takes to be both an effective leader as well as an effective team member.Thomas M. Priselac, President and CEO, Cedars-Sinai Health System *Table of ContentsPart I. All about Teams · Chapter 1: What Really Drives Team Effectiveness? (and getting the most out of this book) · Chapter 2: Busting a Few Teamwork Myths · Chapter 3: Not All Teams Are The Same Part II. The Science of Teamwork: Understanding the Drivers · Chapter 4: Capabilities: It starts with the right expertise · Chapter 5: Cooperation: Attitudes and beliefs that emerge from the other drivers · Chapter 6: Coordination: Teamwork is about behaviors · Chapter 7: Communication: More is not better, better is better · Chapter 8: Cognitions: Are we on the same page? · Chapter 9: Conditions: You get what you encourage and tolerate · Chapter 10: Coaching: Leadership isn't just for leaders Part III. What Should I Do: Using the Seven Drivers · Chapter 11: A Quick Refresher · Chapter 12: Team Leaders: Helping your team succeed · Chapter 13: Team Members: Being a great team member · Chapter 14: Consultants: Enabling teams to improve · Chapter 15: Senior Leaders: Promoting teamwork in your organization Tools · Tool A: Common Team Competencies List · Tool B: Team Debriefing Tips and Outline · Tool C: Conditions for Team Effectiveness: Diagnostic Questions · Tool D: Understanding Your Team: A Quick Self-Assessment · Tool E: Ideas Matrix Epilogue
£20.22
Dorling Kindersley Ltd What Mummy Makes Family Meal Planner Includes 28
Book SynopsisLet Rebecca Wilson, the mum behind @whatmummymakes, show you how to cook a week's worth of simple, healthy, and tasty meals to wean your baby from 6 months while feeding the rest of the family, too.Rebecca's recipes are fresh, accessible, nutritious, and made with the whole family in mind; you can cook just one meal for everyone, adults and children alike. Now, with this family meal planner, Rebecca aims to help mealtimes become even easier and take the stress out of feeding your family.There are 28 healthy recipes for breakfast, lunch, and dinner, as well as snacks and puds, plus space to record your baby's first 100 foods, the whole family's names, and favorite meals. The book also includes sections that make organizing shopping lists stress free.Follow the What Mummy Makes method and you'll find weaning can be a delicious breeze for the whole family.
£9.49
Little, Brown Book Group Make Every Penny Count
Book SynopsisMake money. Save money. Manage money.The cost of living crisis is not going away, if anything, people are more skint than ever. No one knows this better than Ricky and Naomi Willis, who, after years of struggling to make ends meet, came out of debt and launched the Skint Dad blog to help others in the same boat. It is now one of the most popular money blogs in the UK. Make Every Penny Count will show you how to unlock your earning and saving potential so you can easily make money, save money and manage money. From side hustle ideas, turning your everyday stuff into cash, the 1p a day challenge, how to save while eating out and cutting costs on your home and holiday spends, you will learn that being financially better off is within your reach, you just need the inspiration and resources to get there.Packed with case studies and brand new, helpful tools, this guide will show that with simple, clever budgeting hacks, you can still enjoy life withou
£11.69
Penguin Books Ltd A Girl Called Jack 100 delicious budget recipes
Book Synopsis100 simple, budge and basic-ingredient recipes from the bestselling and award-winning food writer and anti-poverty campaigner behind TIN CAN COOK ''A terrific resource for anyone trying to cook nutritious and tasty food on a tight budget'' Sunday Times______ Learn how to utilise cupboard staples and fresh ingredients in this accessible collection of low-budget, delicious family recipes. When Jack found themselves with a shopping budget of just 10 a week to feed themselves and their young son, they addressed the situation with immense resourcefulness and creativity by embracing their local supermarket''s ''basics'' range.They created recipe after recipe of delicious, simple and upbeat meals that were outrageously cheap, including: Vegetable Masala Curry for 30p a portion Jam Sponge reminiscent of school days for 23p a portion Onion Pasta with Parsley Trade ReviewA terrific resource for anyone trying to cook nutritious and tasty food on a tight budget * Sunday Times *A plain-speaking, practical austerity cookery guide - healthy, tasty and varied. -- Patrick Butler * The Guardian *Prepare to feel very inspired, and very hungry. * Look *A powerful new voice in British food * Observer *100 tasty, cheap-as-chips - but much healthier - recipes * Good Housekeeping *Sassy, political, and cooking amazing food on £10 a week. We need more like her. -- Xanthe Clay * The Telegraph *Packed with inexpensive, delicious ideas to feed a family for less * Woman and Home *
£13.49
DK Budgeting for Beginners
Book SynopsisMake the most of your money with this simple step-by-step guide to creating a budget!Does opening your credit card bill make you anxious? Do you always run out of money before your next paycheck? Do you want help establishing and sticking to a budget? Budgeting for Beginners will help you build the confidence you need to take on short-term and long-term financial problems and goals.This revised pocket guide includes how to: Save and invest money. Set up a budget you can stick to. Pay off your credit cards in a timely manner. Avoid habitual budgeting mistakes. Along the way, you'll complete a 12-step program for creating a reasonable budget you won't want to break. This will help start you on the road to financial freedom and control!
£13.49
Kogan Page Ltd Supply Chain Finance
Book SynopsisWendy Tate is the William J. Taylor Professor of Business and Cheryl Massingale Faculty Research Fellow, Department of Supply Chain Management at the Haslam College of Business, University of Tennessee in Knoxville, Tennessee.Lydia Bals is Professor of Supply Chain & Operations Management at Mainz University of Applied Sciences, Germany and Visiting Professor at the Department of Strategy & Innovation, Copenhagen Business School, Denmark. Lisa M. Ellram is the Rees Distinguished Professor of Supply Chain Management in the Department of Management at the Farmer School of Business, Miami University in Oxford, Ohio.Trade Review"Supply Chain Finance is the first comprehensive treatment of this topic that I've seen, and it comes at a perfect time as business is poised to move from hype to reality. The book provides an excellent compilation of leading thought from experts in the field, and it offers a wonderful blend of theory and practice, with great case studies. It's a must read for managers and academics interested in this area." * Morgan Swink, Executive Director of TCU Center for Supply Chain Innovation, US *"Supply Chain Finance is a great insight into supply chain finance (SCF) both from an academics and a practitioner perspective. The book provides a comprehensive view on the SCF definition and the research status quo before SCF concepts and applications are presented." * Daniel Vollath, Managing Director, Strategy, Operations, Sourcing and Procurement, Accenture, Germany *"This book provides a rich perspective on SCF, broadening the scope to embrace all solutions and to optimize working capital at supply chain level, balancing the academic and the managerial perspective. The various contributions provide different and complementary views on this broad landscape, providing the reader with rich insights and advanced knowledge." * Prof. Federico Caniato, Politecnico di Milano, Italy *"A book that is long overdue and not only for supply chain professionals to better understand the financial aspects of supply chain management, but certainly also for finance departments to understand the impact of supply chain management better. Supply chain management matters." * Prof. Britta Gammelgaard, Copenhagen Business School, Denmark *"Supply Chain Finance is a topic still in its infancy, despite its great relevance to both practitioners and researchers. The average level of knowledge of managers is still often limited, resulting in confusion about terms, definitions, areas of interest and impacts for different business units. This book certainly represents an excellent work of systematization of the existing knowledge, able to offer a clear picture of the historical evolution and of the practical implications of Supply Chain Finance. The ability to blend scientific and methodological rigor and practical impact is a major value. Through the illustration of successful business cases, the book illustrates, in an excellent way, the impacts in terms of supply chain management, cash flow management, risk management and accounting management." * Antonella Moretto, Assistant Professor, Politecnico di Milano, Italy *Table of Contents Chapter - 01: Supply chain finance – Solutions for financial sustainability, risk management and resilience in the supply chain; Chapter - 02: Supply chain finance – History and future directions; Chapter - 03: Suppliers, customers, and firms' financial decisions; Chapter - 04: Supply chain finance – Definition, modern aspects and research challenges ahead; Chapter - 05: Optimizing cash flows for a retail supply chain coordinator; Chapter - 06: Supply chain finance opportunities by managing payables discounts; Chapter - 07: Mapping and managing the financial supply chain; Chapter - 08: Supply chain finance and cyber risk – An illustrative case study; Chapter - 09: Commodity risk management at BMW – Price indices and contracts; Chapter - 10: A business partners' view on decision-making challenges in the supply chain; Chapter - 11: Exploring fragmentation in the supply chain finance (SCF) ecosystem; Chapter - 12: Foundational premises and value drivers of blockchain-driven supply chains – The trade finance experience
£148.50
Orion Publishing Co The Second Bounce Of The Ball
Book SynopsisA unique insider's guide to turning risk into opportunity, essential reading for entrepreneurs. 'One of the best books written on entrepreneurship in recent years' Financial TimesTrade ReviewOne of the best books written on entrepreneurship in recent years * FINANCIAL TIMES *The book sets out the principles of successful entrepreneurial behaviour - a detailed cookbook, making Cohen the Delia Smith of the entrepreneurial world * NEW STATESMAN *A most valuable and instructive bible about how to move your enterprise forward and manoeuvre past early limitations and obstacles * FORBES *A tour-de-force covering both the economic history of entrepreneurship and private equity...and real, experience-based stories about successes and failures that are designed to make the reader assess their own entrepreneurial potential * BUSINESS ECONOMIST *
£9.99
John Wiley & Sons Inc Fraud Analytics
Book SynopsisProven guidance for expertly using analytics in fraud examinations, financial analysis, auditing and fraud prevention Fraud Analytics thoroughly reveals the elements of analysis that are used in today's fraud examinations, fraud investigations, and financial crime investigations.Table of ContentsForeword xi Preface xiii Acknowledgments xv Chapter 1: The Schematics of Fraud and Fraud Analytics 1 How Do We Define Fraud Analytics? 2 Mining the Field: Fraud Analytics in its New Phase 6 How Do We Use Fraud Analytics? 10 Fraud Detection 10 How Do We Define Fraud Analytics? 12 Fraud Analytics Refined 12 Notes 13 Chapter 2: The Evolution of Fraud Analytics 15 Why Use Fraud Analytics? 17 The Evolution Continues 19 Fraud Prevention and Detection in Fraud Analytics 19 Incentives, Pressures, and Opportunities 21 Notes 22 Chapter 3: The Analytical Process and the Fraud Analytical Approach 23 The Turn of the Analytical Wheel 23 It Takes More Than One Step 24 Probabilities of Fraud and Where it All Begins 28 What Should the Fraud Analytics Process Look Like? 29 Data Analytics Exposed 31 Notes 32 Chapter 4: Using ACL Analytics in the Face of Excel 33 The Devil Remains in the Details 50 Notes 55 Chapter 5: Fraud Analytics versus Predictive Analytics 57 Overview of Fraud Analysis and Predictive Analysis 58 Comparing and Contrasting Methodologies 60 13 Step Score Development versus Fraud Analysis 64 CRISP-DM versus Fraud Data Analysis 66 SAS/SEMMA versus Fraud Data Analysis 68 Conflicts within Methodologies 69 Composite Methodology 70 Comparing and Contrasting Predictive Modeling and Data Analysis 72 Notes 76 Chapter 6: CaseWare IDEA Data Analysis Software 77 Detecting Fraud with IDEA 79 Fraud Analysis Points of IDEA 82 Correlation, Trend Analysis, and Time Series Analysis 83 What is IDEA’s Purpose? 83 A Simple Scheme: The Purchase Fraud of an Employee as a Vendor 86 Stages of Using IDEA 87 Notes 89 Chapter 7: Centrifuge Analytics: Is Big Data Enough? 91 Sophisticated Link Analysis 92 The Challenge with Anti-Counterfeiting 93 Interactive Analytics: The Centrifuge Way 93 Fraud Analysis with Centrifuge VNA 95 The Fraud Management Process 100 Notes 105 Chapter 8: i2 Analyst's Notebook: The Best in Fraud Solutions 107 Rapid Investigation of Fraud and Fraudsters 108 i2 Analyst’s Notebook 109 i2 Analyst’s Notebook and Fraud Analytics 113 How to Use i2 Analyst’s Notebook: Fraud Financial Analytics 116 Using i2 Analyst’s Notebook in a Money-Laundering Scenario 121 Notes 125 Chapter 9: The Power to Know Big Data: SAS Visual Analytics and Actionable Intelligence Technologies’ Financial Investigative Software 127 The SAS Way 127 Actionable Intelligence Technologies’ Financial Investigative Software 130 A Case in Point 132 Notes 135 Chapter 10: New Trends in Fraud Analytics and Tools 137 The Many Faces of Fraud Analytics 137 The Paper Chase is Over 138 To Be or Not to Be 140 Raytheon’s VisuaLinks 143 FICO Insurance Fraud Manager 3.3 145 IBM i2 iBASE 146 Palantir Tech 147 Fiserv’s AML Manager 148 Notes 148 About the Author 151 Index 153
£28.49
John Wiley & Sons Inc Customer Success
Book SynopsisYour business success is now forever linked to the success of your customers Customer Success is the groundbreaking guide to the exciting new model of customer management. Business relationships are fundamentally changing. In the world B.C.Table of ContentsGainsight Book Foreword xi PART I Customer Success: The History, Organization, and Imperative 1 Chapter 1 The Recurring Revenue Tsunami: Why Customer Success Is Suddenly Crucial 3 Chapter 2 The Customer Success Strategy: The New Organization versus the Traditional Business Model 25 Chapter 3 Customer Success for Traditional Nonrecurring Revenue Businesses 45 PART II The Ten Laws of Customer Success 63 Chapter 4 The Practice of Customer Success 65 Chapter 5 Law 1: Sell to the Right Customer 69 Chapter 6 Law 2: The Natural Tendency for Customers and Vendors Is to Drift Apart 79 Chapter 7 Law 3: Customers Expect You to Make ThemWildly Successful 91 Chapter 8 Law 4: Relentlessly Monitor and Manage Customer Health 103 Chapter 9 Law 5: You Can No Longer Build Loyalty through Personal Relationships 113 Chapter 10 Law 6: Product Is Your Only Scalable Differentiator 125 Chapter 11 Law 7: Obsessively Improve Time-to-Value 137 Chapter 12 Law 8: Deeply Understand Your Customer Metrics 147 Chapter 13 Law 9: Drive Customer Success through Hard Metrics 159 Chapter 14 Law 10: It’s a Top-Down, Company-Wide Commitment 171 PART III Chief Customer Officer, Technology, and Future 181 Chapter 15 The Rise of the Chief Customer Officer 183 Chapter 16 Customer Success Technology 199 Chapter 17 Where Do We Go from Here? 215 Index 229
£19.20
John Murray Press Small Business Accounting
Book Synopsis Is this the right book for me?A jargon-free guide for the small business owner or managerSmall Business Accounting is a jargon-free joy for the small business owner or manager, providing practical examples of real businesses to show the reader, step by step, how to record each transaction. This book does not assume that you know anything at all about business records and accounts and gives a system for real businesses to be operated by real business people who want a simple, easy and, above all, quick system of book keeping. Forget about debits and credits, journal entries, ledgers and day books. If you can read a bank statement this book will teach you how to prepare accounts, make cashflow forecasts and prepare a budget. And when you do need to use an accountant, it tells you how best to find a reliable one.Small Business Accounting includes: Chapter 1: Introduction Chapter 2: Your bank account Chapter 3:Table of Contents 01: introduction 02: case studies 03: your bank account: 04: a simple cashbook; 05: analysis columns: layout;managing your creditors; 06: payments – filing: filing invoices;managing your creditors; 07: payments – cheque book:running totals;old cheque books 08: payments – cashbook: 09: non-allowable expenses: 10: purchase of equipment: scope of this chapter; recording transactions; capital allowance calculations 11: credit cards: scope of this chapter; how to use a credit card for business; bill paid in full; when only part of the bill is paid off; filing;notes on timing 12: petty cash: cheque reimbursement;imprest petty cash system 13: 13 receipts – filing: cash or credit?; 14: receipts – paying-in book: credit business; cash business 15: receipts – cashbook: 16: capital introduced: 17: end of month procedures: 18: VAT; scope of this chapter; 19: wages: scope of this chapter; 20: end of year totals: cashbook totals;adjustment for balances brought forward;further adjustments 21: adjustments for payments:recording the adjustments;possible adjustments 22: adjustments to receipts: debtors; 23: transfer to tax return: 24: trial balance: introduction; 25: final accounts: adjusting payments; 26: budgeting and cash-flow forecasting: 27: costing and pricing: introduction; 28: computerisation: introduction; : appendix 1: ten top tips for choosing an accountant : appendix 2: jargonbuster : appendix 3: stationery list : appendix 4: recording sales of assets in a set of accounts : index
£11.69
Harvard Business Review Press Financial Intelligence Revised Edition
Book SynopsisThe book Inc. magazine calls one of the best, clearest guides to the numbers on the market.Inc. magazine calls it one of the best, clearest guides to the numbers on the market. Readers agree, saying it''s exactly what I need to know and calling it a must-read for decision makers without expertise in finance.Since its release in 2006, Financial Intelligence has become a favorite among managers who need a guided tour through the numbers--helping them to understand not only what the numbers really mean, but also why they matter.This new, completely updated edition brings the numbers up to date and continues to teach the basics of finance to managers who need to use financial data to drive their business. It also addresses issues that have become even more important in recent years--including questions around the financial crisis and those around broader financial and accounting literacy.Accessible, jargon-free, and filled wTrade Review"Nonfinancial managers will appreciate this nontechnical, in-depth guided tour through financial statements and financial concepts and analysis. -- Choice Magazine
£19.80
HarperCollins Publishers Inc Angel
Book SynopsisTrade Review"It's easy to snigger at the swagger, but Calacanis has reason to preen. He hasn't merely survived the bust; he's thrived in it. The qualities that made him annoying to his New York colleagues during the boom-his abrasive demeanor, his hucksterism, his incessant networking-serve him well in the postbubble economy." -- Wired "And that's the thing about Calacanis. Only a sucker would bet against him." -- Fast Company "The sort of person who is frequently described as a character out of a movie." -- The New Yorker "Sequoia Capital has funneled millions of dollars to scores of well-connected entrepreneurs, academics, and other people known as scouts...Mr. Calacanis was one of the earliest scouts and ran an online news startup called Inside.com, in which Sequoia had invested." -- The Wall Street Journal "Jason would never stab you in the back. He might stab you in the face, though." -- Douglas Rushkoff "Arguably the world's greatest angel investor." -- The Twenty Minute VC
£18.00
John Wiley & Sons Inc Value
Book SynopsisAn accessible guide to the essential issues of corporate finance While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out.Trade Reviewmarches the reader through the very practical issues that affect value. (Financial Times, November 2010).Table of ContentsAbout the Authors ix Preface xi Acknowledgments xv Part One The Four Cornerstones 1 Why Value Value? 3Many companies make decisions that compromise value in the name of creating value. But with courage and independence, executives can apply the four cornerstones of finance to make sound decisions that lead to lasting value creation. 2 The Core of Value 15Return on capital and growth are the twin drivers of value creation, but they rarely matter equally. Sometimes raising returns matters more, whereas other times accelerating growth matters more. 3 The Conservation of Value 29You can create the illusion of value or you can create real value. Sometimes acquisitions and financial engineering schemes create value, and sometimes they don’t. No matter how you slice the financial pie, only improving cash flow creates value. 4 The Expectations Treadmill 41No company can perpetually outperform the stock market’s expectations. When a company outperforms, expectations rise, forcing it to do better just to keep up. The treadmill explains why the share prices of high performing companies sometimes falter, and vice versa. 5 The Best Owner 51No company has an objective, inherent value. A target business is worth one amount to one owner and other amounts to other potential owners—depending on their relative abilities to generate cash flow from the business. Part Two The Stock Market 6 Who Is the Stock Market? 63Conventional wisdom segments investors into pigeonholes like growth and value, but these distinctions are erroneous. There’s a more insightful way to classify investors, and doing so culls out those who matter most to the value-minded executive. 7 The Stock Market and the Real Economy 73The performance of stock markets and real economies are typically aligned, hardly ever perfectly aligned, and rarely very misaligned. Executives and investors who understand this are better able to make value-creating decisions. 8 Stock Market Bubbles 89Stock market bubbles are rare and usually confined to specific industry sectors and companies. Knowing why and when bubbles occur can keep management focused on making sound strategic decisions based on a company’s intrinsic value. 9 Earnings Management 103Trying to smooth earnings is a fool’s game that can backfire and, in some cases, destroy value. Creating value in the longer run sometimes necessitates decisions that reduce earnings in the shorter run. Part Three Managing Value Creation 10 Return on Capital 119A company can’t sustain a high return on capital in the absence of an attractive industry structure and a clear competitive advantage. Yet it’s surprising how few executives can pinpoint the competitive advantages that drive their companies’ returns. 11 Growth 139It’s difficult to create value without growing, but growth alone doesn’t necessarily create value. It all depends on what type of growth a company achieves and what the returns on that growth are. 12 The Business Portfolio 153A company’s destiny is largely synonymous with the businesses it owns, and actively managed portfolios outperform passively managed portfolios. Sometimes companies can create value by selling even high-performing businesses. 13 Mergers and Acquisitions 169Most acquisitions create value, but typically the acquirer’s shareholders only get a small portion of that value, while the lion’s share goes to the target’s shareholders. But there are archetypal ways that acquirers can create value. 14 Risk 183Nothing in business is more clear yet complex than the imperative to manage risk. Clear because risk matters greatly to the company, its board, its investors, and its decision makers. Complex because each of these groups has a different perspective. 15 Capital Structure 197Getting capital structure right is important but doesn’t necessarily create value—while getting capital structure wrong can destroy tremendous value. When it comes to financial structures, companies are best to keep them as simple as possible. 16 Investor Communications 209Good investor communications can ensure that a company’s share price doesn’t become misaligned with its intrinsic value. And communication isn’t just one way: executives should listen selectively to the right investors as much as they tell investors about the company. 17 Managing for Value 223It’s not easy to strike the right balance between shorter-term financial results and longer-term value creation—especially in large, complex corporations. The trick is to cut through the clutter by making your management processes more granular and transparent. Appendix A The Math of Value 237 Appendix B The Use of Earnings Multiples 241 Index 245
£19.20
John Wiley & Sons Inc Value Maps WS
Book SynopsisPraise for VALUE MAPS Equivocator, Explorer, Experimenter, Exploiter, ExtenderChapter 12 might be well served as mandatory reading for all subject matter experts! SPARC is not a valuation, per se, but rather a separate consulting engagement that might interest a clientespecially if that client is preparing for a sale or planning an exit strategy. Miller has taken the good ideas from five disciplines and married them with value enhancement, creating what could become a very good ''add-on'' consulting engagement. NACVA recommends, and looks forward to, further dialogue related to this new approach. This book will open your eyes to new opportunities. Parnell Black, MBA, CPA, CVA, Chief Executive Officer, National Association of Certified Valuation Analysts (NACVA) No one illuminates the murky intersection where business strategy and private company value creation meet better than Warren Miller. Now he''s focused his extensive professional training and real-wTable of ContentsPreface xiii Acknowledgements xix About the Web Site xxiii List of Acronyms xxv Part I CORNERSTONES 1 Chapter I Why a New Approach Is Needed 3 Valuation as Craft 5 The State of Our Craft 6 Cause and Effect: What and Why 7 Multidisciplinary Tools for Analyzing Value Creation 8 Parameters of Valuation 10 What We Know about Risk 11 Components of Risk 12 A Framework for Unsystematic Risk 13 Unlocking Business Wealth 16 Summary 17 Additional Reading 17 Chapter 2 Tools from Strategic Management 19 History 19 Perspective 22 Valuation Tools 22 Strategic Intent 23 Generic Competitive Strategies 26 Resources 29 Competitive Analysis 32 Distinctive versus Sustained Competitive Advantage 34 VRIO 37 Customer Satisfaction Surveys 38 Diversification 39 Unlocking Business Wealth 42 Summary 43 Additional Reading 43 Chapter 3 Tools from Industrial Organization 45 Perspective 46 Tenets 47 Tools 49 Unlocking Business Wealth 62 Summary 62 Additional Reading 63 Chapter 4 Tools from Organization Theory 65 Perspective 68 Tenets 70 Tools 70 Unlocking Business Wealth 82 Summary 82 Additional Reading 83 Chapter 5 Tools from Evolutionary Economics 85 Perspective 88 Tenets 89 Tools 89 Unlocking Business Wealth 103 Summary 103 Additional Reading 104 Chapter 6 Tools from Austrian Economics 105 Perspective 110 Tenets 112 Tools 113 Unlocking Business Wealth 123 Summary 123 Recommended Reading 124 Part II POURING THE FOUNDATION 127 Chapter 7 The Straight Scoop on Value Drivers 129 Definition 129 Value Drivers versus Balanced Scorecards 131 Why Value Drivers Matter 132 The Regenerative Power of Capitalism 134 Assessing Durability 138 Summary 139 Additional Reading 140 Chapter 8 The “OT” in SWOT Analysis: The Macroenvironment 141 Defining the Domain 141 Unit of Analysis 144 Trilevel Unsystematic Risk Framework 145 History and Background 146 Why Does the Macroenvironment Matter? 147 The Forces 148 Summary 153 Additional Reading 154 Chapter 9 The “OT” in SWOT Analysis: The Domain 155 The Roots of Domain Analysis 155 Oligopolies Large and Small 155 Price Competition in an Oligopoly 158 Published Industry Risk Premiums 158 The Domain 161 Summary 165 Additional Reading 166 Appendix 9A: Competitive Analysis and Estimating Market Share 167 Chapter 10 Getting to “Why”: Analyses, Composites, and On-Site Interviews 171 Financial Ratios 171 A Key Metric 172 Finding Sector-Specific Metrics 173 The Analysis 173 How to Construct a Composite 175 Prepping for the On-Site Interviews 175 Conducting the On-Site Interviews 177 Summary 180 Chapter 11 The “SW” in SWOT Analysis: The Company and SPARC 183 Cause-and-Effect Relationships 186 Value Drivers and Value Destroyers 190 Assessing Durability of Advantage 202 Back to VRIO 202 Summary 204 Appendix 11A: Bringing It All Together: Quantifying Unsystematic Risk 205 Chapter 12 SPARC Archetypes among Small and Medium-Sized Enterprises 207 Exploiter and Extender 208 Explorer and Experimenter 210 Equivocator 213 Summary 214 Part III TALES FROM THE FIRING LINE 217 Chapter 13 Construction and Manufacturing 219 Construction 220 Specialty Publishing I 223 Specialty Publishing II 226 Specialty Manufacturing 228 Packaging 232 Chapter 14 Business to Business 237 Safety Equipment/Supplies 237 Industrial Supply 240 Construction Materials 244 Antique Building Materials Reclamation 249 Chapter 15 Transportation 255 Transportation Collection Services 255 LTL Trucking 258 Freight Forwarding 264 Chapter 16 Specialty Retailing 269 Jewelry I 269 Jewelry II 273 Building Materials 276 Pharmacy 277 Chapter 17 Services 281 Outplacement Services 281 Executive Search 283 Private Equity 285 Investment Banking 287 Dental Lab 289 Quick-Lube Services 291 Part IV PRACTICE MANAGEMENT 297 Chapter 18 The Engagement Process 299 When Can an Engagement Include a Value Map? 299 Finding Good Clients 300 Avoiding Problem Clients 301 Marketing and Selling the Work 302 The “Shake-’n’-Howdy” Visit 303 Pricing the Engagement 304 Engagement Letter 1 305 Highlights of Engagement Letter 1 306 Managing Expectations 307 Engagement Letter 2 309 Summary 311 Chapter 19 Working with Clients 313 A Few Words about Family Systems 313 Processes 315 How Not to Do It 315 How (Else) Not to Do It 317 Start at the Beginning 317 Think like a Buyer 318 Planning the Engagement 319 As the Process Unfolds 321 Winding Up the Value-Mapping Process 322 Summary 323 Additional Reading 323 Chapter 20 IFRS, IVSC, and Value Maps 325 The Valuation Process Outside the United States 326 The Cost of Capital Outside the United States 326 Gathering Data Outside the United States 327 Summary 332 Chapter 21 Epilogue: The Future for Value-Mapping Services 333 The Future for Valuation Services 333 Marketing Matters 335 That Special Cadre Dedicated to Delivering Value to Clients 340 Closing Words 342 Bibliography 345 Index 351
£90.00
John Wiley & Sons Inc The Price Advantage
Book Synopsis* The Price Advantage by three preeminent experts at McKinsey & Company is the most pragmatic and insightful book on pricing available.Table of ContentsPreface. Acknowledgments. PART ONE: Pricing Fundamentals. CHAPTER 1: Introduction. The Power of 1 Percent. The Price/Volume Tradeoff. Market Forces Add Pressure. The Nobility of Pricing Excellence. Why the Price Advantage Is So Rare. CHAPTER 2: Components of Pricing Excellence. An Integrated Approach. An Interdependent Hierarchy. Applying to Your Company—Pinpointing the Opportunity. PART TWO: Exploring the Levels. CHAPTER 3: Transactions. The Pocket Price Waterfall. The Pocket Price Band. The Soundco Radio Company Case. Pocket Margin Waterfall and Band. Alen Glass Company Case. CHAPTER 4: Customer Value. Mapping Value. Creating a Value Map. Making Moves on the Value Map. Putting Customers on the Value Map. Value Profiling. CHAPTER 5: Market Strategy. Profiting from Better Price Predictions. Planning for an Expected Price Change. Maintaining Optimal Production and Capacity. Improving Pricing Conduct. Influencing the Elements of Pricing Conduct. A Word on Followership. CHAPTER 6: Pricing Infrastructure. Processes—What Are the Most Critical Types of Pricing Decisions for Your Business? Organization—Who Is Running the Pricing Profit Center? Performance Management—How Should We Recognize and Reward Pricing Performance? Systems and Tools—No Magic Bullet Exists. PART THREE: Unique Events. CHAPTER 7: Postmerger Pricing. A Temporary Window of Opportunity. Tremendous Opportunities at Each Pricing Level. Avoiding Common Postmerger Traps. Antitrust Laws. CHAPTER 8: Price Wars. Why Price Wars Should Be Avoided. What Really Causes Price Wars. Staying Out of Price Wars. Getting Out of Price Wars. When a Price War Might Make Sense. PART FOUR: Expanding the Boundaries. CHAPTER 9: Legal Degrees of Freedom. Pricing Decisions That Raise Red Flags. Minimizing Risks While Meeting Pricing Objectives. Calling in the Attorneys. CHAPTER 10: Lifecycle Pricing. What Makes Lifecycle Pricing Tough. The Three Phases of Product Lifecycle Pricing. Sustaining Returns Across the Lifecycle. CHAPTER 11: Pricing Architecture. Managing Price Perception. Influencing Customer Behavior. Price Architecture Based on Supplier Role. PART FIVE: Advanced Topics. CHAPTER 12: Complexity Management. Section One: Custom-Configured Products. Section Two: High-Count Product Lines. Section Three: Distributed Sales Models. CHAPTER 13: Tailored Value. Section One: Price Segmentation. Section Two: Tiered Products and Services. Section Three: New Products. Section Four: "Razor/Razor Blades" Offerings. Section Five: Solutions. CHAPTER 14: Software and Information Products. Unique Characteristics That Impact Pricing. Exploring the Elements of Pricing. PART SIX: Making Change Happen. CHAPTER 15: Pricing Transformation. Designing a Clear Change Program. Accelerating and Embedding Change. CHAPTER 16: The Monnarch Battery Case. The Monnarch Battery Company. Transactions. Customer Value. Market Strategy. Capturing the Monnarch Pricing Opportunity. Hard-Wiring the Change. Epilogue. APPENDIX 1: Pocket Price and Pocket Margin Waterfalls. APPENDIX 2: Antitrust Issues. U.S. Pricing Law. EU Pricing Law. Antitrust Information Sources. APPENDIX 3: List of Acronyms and Abbreviations. APPENDIX 4: About the Web-Based Tool: Periscope. About the Authors. Index.
£51.00
John Wiley & Sons Inc Damodaran on Valuation Study Guide
Book SynopsisDamondaran on Valuation will not only convince you of the vitality of the many valuation models available to you, it will help ensure that you develop the acumen needed to select the right model for any valuation scenario.Table of ContentsApproaches to Valuation. Estimation of Discount Rates. Estimation of Cash Flows. Estimation of Growth Rates. Dividend-Discount Models. Free-Cash-Flow-to-Equity Discount Models. Valuing a Firm--The Free-Cash-Flow-to-Firm Approach. Special Cases in Valuation. Price/Earnings Ratios. Price/Book Value Ratios. Price/Sales Ratio. Management Decisions, Corporate Strategy, and Firm Value. Valuation for Acquisitions and Takeovers. Option-Pricing Theory. Applications of Option-Pricing Theory to Valuation. Overview and Conclusion. Appendices. References. Disk Documentation. Index.
£33.75
John Wiley & Sons Inc The Mathematics of Money Management
Book SynopsisEvery futures, options, and stock markets trader operates under a set of highly suspect rules and assumptions.Table of ContentsThe Empirical Techniques. Characteristics of Fixed Fractional Trading and SalutaryTechniques. Parametric Optimal f on the Normal Distribution. Parametric Techniques on Other Distributions. Introduction to Multiple Simultaneous Positions Under theParametric Approach. Correlative Relationships and the Derivation of the EfficientFrontier. The Geometry of Portfolios. Risk Management. Appendices. Bibliography and Suggested Reading. Index.
£66.75
John Wiley & Sons Inc Implementing Enterprise Risk Management
Book SynopsisA practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world.Table of ContentsPreface xiii Acknowledgments xix Part One ERM in Context Chapter 1 Fundamental Concepts and Current State 3 Introduction 3 What Is Risk? 4 What Does Risk Look Like? 8 Enterprise Risk Management (ERM) 11 The Case for ERM 13 Where ERM Is Now 18 Where ERM Is Headed 19 Notes 20 Chapter 2 Key Trends and Developments 21 Introduction 21 Lessons Learned from the Financial Crisis 21 The Wheel of Misfortune Revisited 26 Global Adoption 34 Notes 37 Chapter 3 Performance-Based Continuous ERM 41 Introduction 41 Phase Three: Creating Shareholder Value 43 Performance-Based Continuous ERM 44 Case Study: Legacy Technology 56 Notes 59 Chapter 4 Stakeholder Requirements 61 Introduction 61 Stakeholders Defined 62 Managing Stakeholder Value with ERM 79 Implementing a Stakeholder Management Program 80 Appendix A: Reputational Risk Policy 83 Notes 87 Part Two Implementing an ERM Program Chapter 5 The ERM Project 93 Introduction 93 Barriers to Change 93 Establish the Vision 95 Obtain Buy-In from Internal Stakeholders 97 Assess Current Capabilities against Best Practices 100 Develop a Roadmap 104 Appendix A: ERM Maturity Model 108 Appendix B: Practical Plan for ERM Program Implementation 111 Chapter 6 Risk Culture 115 Introduction 115 Risk Culture Success Factors 117 Best Practice: Risk Escalation 130 Conclusion 130 Notes 131 Chapter 7 The ERM Framework 132 Introduction 132 The Need for an ERM Framework 132 ERM Framework Criteria 136 Current ERM Frameworks 138 An Update: The Continuous ERM Model 145 Developing a Framework 150 Conclusion 153 Notes 153 Part Three Governance Structure and Policies Chapter 8 The Three Lines of Defense 157 Introduction 157 COSO’s Three Lines of Defense 158 Problems with This Structure 160 The Three Lines of Defense Revisited 164 Bringing It All Together: How the Three Lines Work in Concert 172 Conclusion 173 Notes 173 Chapter 9 Role of the Board 175 Introduction 175 Regulatory Requirements 176 Current Board Practices 179 Case Study: Satyam 180 Three Levers for ERM Oversight 181 Conclusion 189 Notes 189 Chapter 10 The View from the Risk Chair 191 Introduction 191 Turnaround Story 191 The GPA Model in Action 192 Top Priorities for the Risk Oversight Committee 192 Conclusion 196 Notes 197 Chapter 11 Rise of the CRO 198 Introduction 198 History and Rise of the CRO 199 A CRO’s Career Path 201 The CRO’s Role 202 Hiring a CRO 206 A CRO’s Progress 208 Chief Risk Officer Profiles 212 Notes 225 Chapter 12 Risk Appetite Statement 227 Introduction 227 Requirements of a Risk Appetite Statement 228 Developing a Risk Appetite Statement 233 Roles and Responsibilities 239 Monitoring and Reporting 242 Examples of Risk Appetite Statements and Metrics 246 Notes 250 Part Four Risk Assessment and Quantification Chapter 13 Risk Control Self-Assessments 255 Introduction 255 Risk Assessment: An Overview 255 RCSA Methodology 256 Phase 1: Setting the Foundation 259 Phase 2: Risk Identification, Assessment, and Prioritization 262 Phase 3: Deep Dives, Risk Quantification, and Management 267 Phase 4: Business and ERM Integration 270 ERM and Internal Audit Collaboration 272 Notes 273 Chapter 14 Risk Quantification Models 274 Introduction 274 Market Risk Models 275 Credit Risk Models 278 Operational Risk Models 281 Model Risk Management 283 The Loss/Event Database 288 Early Warning Indicators 289 Model Risk Case Study: AIG 289 Notes 290 Part Five Risk Management Chapter 15 Strategic Risk Management 295 Introduction 295 The Importance of Strategic Risk 296 Measuring Strategic Risk 299 Managing Strategic Risk 301 Appendix A: Strategic Risk Models 310 Notes 312 Chapter 16 Risk-Based Performance Management 314 Introduction 314 Performance Management and Risk 316 Performance Management and Capital 317 Performance Management and Value Creation 319 Summary 323 Notes 324 Part Six Risk Monitoring and Reporting Chapter 17 Integration of KPIs and KRIs 327 Introduction 327 What Is an Indicator? 327 Using Key Performance Indicators 329 Building Key Risk Indicators 330 KPI and KRI Program Implementation 335 Best Practices 337 Conclusion 338 Notes 339 Chapter 18 ERM Dashboard Reporting 340 Introduction 340 Traditional Risk Reporting vs. ERM Dashboard Reporting 344 General Dashboard Requirements 348 Implementing ERM Dashboards 351 Avoid Common Mistakes 357 Best Practices 358 Notes 361 Chapter 19 Feedback Loops 362 Introduction 362 What Is a Feedback Loop? 363 Examples of Feedback Loops 364 ERM Performance Feedback Loop 366 Measuring Success with the ERM Scorecard 368 Notes 371 Part Seven Other ERM Resources Chapter 20 Additional ERM Templates and Outlines 375 Introduction 375 Strategic Risk Assessment 375 CRO Report to the Risk Committee 376 Cybersecurity Risk Appetite and Metrics 378 Model Risk Policy 380 Risk Escalation Policy 382 Notes 385 About the Author 386 Index 387
£59.25
Potter/Ten Speed/Harmony/Rodale Get Good with Money
Book Synopsis
£17.60
Potter/Ten Speed/Harmony/Rodale Made Whole
Book Synopsis
£15.05
John Wiley and Sons Ltd ContinuousTime Finance
Book SynopsisMerton provides an overview and synthesis of finance theory from the perspective of continuous-time analysis. He covers individual financial choice, corporate finance, financial intermediation, capital markets and selected topics on the interface between private and public finance.Trade Review"The thoughtful way in which the book is organized, the connective sections, and the fullness of this remarkable scholar's accomplishments, succeed in making this collection into a watershed event in finance. It is a testament to how much of modern finance he has formulated, advanced, and, in a meaningful sense, brought to a satisfactory completeness. Modern finance has much to do, but it can do no better than to add to what Merton has already done, and I recommend this book to all who wish to learn what finance has been up to for the past two decades." Stephen Ross, Journal of Finance "I do not see how one can undertake research in intertemporal asset-pricing under uncertainty without studying very carefully the past and present work of Robert C. Merton. Accordingly, Basil Blackwell has done the academic and non-academic finance community a great service by publishing this book." Michael Selby, The Economic Journal "A coherent text that represents a bible on continuous-time finance. Anyone with an interest in financial economics will be aware of the outstanding achievements of Robert C. Merton. To these individuals the book will come as no disappointment. It will undoubtedly be a classic reference on continuous-time finance for many years to come." The Manchester School "John Maynard Keynes alludes to economics in the following terms ...'the delightful paths of our own most agreeable branch of moral sciences, in which theory and fact, intuitive imagination and practical judgment, are blended in a manner comfortable to the human intellect.' Robert C. Merton's Continuous-time Finance, which comes to us more than 20 years after his first paper appeared, squarely fits this description." Suresh Sundaresan, Columbia University, The Review of Financial StudiesTable of ContentsForeword by Paul A. Samuelson. Preface. . Part I: Introduction to Finance and the Mathematics of Continuous-time Models:. 1. Modern Finance. 2. Introduction to Portfolio Selection and Capital Market Theory: Static Analysis. 3. On the Mathematics and Economic Assumptions of Continuous-time Financial Models. Part II: Optimum Consumption and Portfolio Selection in Continuous-time Models:. 4. Lifetime Portfolio Selection under Uncertainty: The Continuous-time Case. 5. Optimum Consumption and Portfolio Rules in a Continuous-time Model. 6. Further Developments in Theory of Optimal Consumption and Portfolio Selection. Part III: Warrant and Option Pricing Theory:. 7. A Complete Model of Warrant Pricing that Maximizes Utility. 8. Theory of Rational Option Pricing. 9. Option Pricing when Underlying Stock Returns are Discontinuous. 10. Further Developments in Option Pricing Theory. Part IV: Contingent-Claims Analysis in the Theory of Corporate Finance and Financial Intermediation:. 11. A Dynamic General Equilibrium Model of the Asset Market and its Application to the Pricing of the Capital Structure of the Firm. 12. On the Pricing of Corporate Debt: The Risk Structure of Interest Rates. 13. On the Pricing of Contingent Claims and the Modigliani-Miller Theorem. 14. Contingent Claims Analysis in the Theory of Corporate Finance and Financial Intermediation. Part V: An Intertemporal-Equilibrium Theory of Finance:. 15. An Intertemporal Capital Asset Pricing Model. 16. A General Equilibrium Theory of Finance in Continuous Time. Part VI: Applications of the Continuous-Time Model to Selected Issues in Public Finance:. 17. An Asymptotic Theory of Growth Under Uncertainty. 18. On Consumption-Indexed Public Pension Plans. 19. An Analytic Derivation of the Cost of Loan Guarantees and Deposit Insurance. 20. On the Cost of Deposit Insurance when there are Surveillance Costs. 21. Optimal Investment Strategies for University Endowment Funds. Bibliography. Author Index. Subject Index.
£58.46
INGRAM PUBLISHER SERVICES US Managing By The Numbers A Commonsense Guide To
Book SynopsisDeveloped in partnership with Inc., a handy and practical guide to interpreting your company's financial statements to drive business growth and profitability.
£19.94
Kogan Page Ltd Bids Tenders and Proposals
Book SynopsisHarold Lewis is a writer, editor and independent consultant with more than 30 years' professional experience of working with businesses of all kinds and with private and public sector clients. He has written over 300 successful bids and proposals, including successful bids for contracts from private and public sector organizations. His responsibilities have included the role of Senior Consultant, Terms of Reference Expert and Proposal Evaluator on EC-funded technical assistance programmes. He has participated as a member of technical teams undertaking overseas projects funded by international, regional and bilateral development agencies, including the World Bank, Asian Development Bank, UNDP and DfID. He is also the Institute of Directors' specialist advisor on competitive bidding and tendering.Table of Contents Chapter - 01: Bidding to succeed; Chapter - 02: Bidding for public sector contracts; Chapter - 03: Tendering for the private sector; Chapter - 04: Bidding for research funding Chapter - 05: Tendering for international development contracts; Chapter - 06: Pre-qualifying for tender opportunities; Chapter - 07: Deciding whether or not to bid; Chapter - 08: Analysing the tender documents; Chapter - 09: Managing the bid; Chapter - 10: Talking to the client; Chapter - 11: Bidding in partnership; Chapter - 12: Thinking the work through; Chapter - 13: Developing and writing the bid; Chapter - 14: Explaining approach and method; Chapter - 15: Focusing on contract management; Chapter - 16: Defining outcomes and deliverables; Chapter - 17: Communicating added value; Chapter - 18: Presenting CVs; Chapter - 19: Describing professional experience; Chapter - 20: Making good use of graphics; Chapter - 21: Stating your piece; Chapter - 22: Electronic and hard-copy submission; Chapter - 23: Understanding how clients evaluate tenders; Chapter - 24: Presentations to clients; Chapter - 25: True stories
£37.99
The History Press Ltd Breadcrumbs and Banana Skins
Book SynopsisIn the early twentieth century many housewives had no choice but to make every penny count. Stringent meal-planning, thrifty shopping and careful cooking were second nature in families where money was tight, and vigilant use and re-use of every resource from coal to hot-water bottles ensured that nothing was wasted. Cookery books of the period offered cheap recipes, menu plans and meals made by means of little or no fuel in hay boxes and jam jars. This book surveys the range of thrifty-living advice offered to housewives in the years before the Second World War, from strict budgeting to penny capitalism. Containing hundreds of ideas, from making a cradle from a beer barrel to a tea cosy from a trilby, it is an informative history resulting from extensive research into the literature of the day. As well as demonstrating that the practice of thrift was entrenched in the national consciousness before the war years, it also offers practical advice that can still be followed in today's households.
£7.59
John Wiley & Sons Inc Cash Flow for Dummies
Book SynopsisThe fast and easy way to grasp cash flow management Cash Flow For Dummies offers small business owners, accountants, prospective entrepreneurs, and others responsible for cash management an informational manual to cash flow basics and proven success strategies.Table of ContentsIntroduction 1 Part I: Fitting Cash Flow into the Big Picture of Running a Business 7 Chapter 1: Getting in Sync with the Rhythm of Cash 9 Chapter 2: Why Accrual Accounting Is Essential 23 Chapter 3: The Big Three Financial Statements 37 Chapter 4: Getting a Grip on the Statement of Cash Flows 59 Part II: Using Financial Statements to Assess Cash Health 81 Chapter 5: Mining the Balance Sheet for Cash 83 Chapter 6: Digging Deeper into Cash Flow 113 Chapter 7: Understanding Liquidity versus Available Cash 131 Part III: Getting Intimate with Your Company's Cash Flow Needs 157 Chapter 8: Creating a Business Plan to Secure Cash 159 Chapter 9: Building Best-in-Class Projection Models to Manage Cash 173 Chapter 10: Identifying and Securing External Sources of Capital 193 Chapter 11: Knowing When to Use Debt to Finance Your Business 213 Part IV: Managing Your Business with Cash Flow in Mind 239 Chapter 12: Covering the Basics of Cash and Cash Activity 241 Chapter 13: Preventing Cash Losses from Embezzlement and Fraud 267 Chapter 14: Managing the Selling Cycle to Improve Cash Flows 281 Chapter 15: Managing the Disbursement Cycle to Improve Cash Flows 311 Part V: The Part of Tens 331 Chapter 16: Ten Keys to Managing Cash Flows in a Small Business 333 Chapter 17: Ten Tales of Cash-Flow Woes 341 Index 351
£17.59
John Wiley & Sons Inc Project Financing 3e
Book SynopsisA timely update to one of the most well-received books on project financing As an effective alternative to conventional direct financing, project financing has become one of the hottest topics in corporate finance. It''s being used more and more frequentlyand more successfullyon a wide variety of high-profile corporate projects, and has long been used to fund large-scale natural resource projects. But the challenges of successful project financing are immense, and the requirements of the process can easily be misunderstood. That''s why John Finnerty has returned with the Third Edition of Project Financing. Drawing on his vast experience in the field, Finnerty takes you through the process step by step. Using updated examples and case studies that illustrate how to apply the analytical techniques described in the book, he covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, raise the fuTable of ContentsPreface xi Acknowledgments xv Chapter 1 what is project financing? 1 Chapter 2 The Rationale For Project Financing 13 Chapter 3 what is special about large projects? 33 Chapter 4 who finances large projects? 53 Chapter 5 analyzing project viability 71 Chapter 6 analysis and financing of renewable energy projects 91 Chapter 7 Designing security arrangements 115 Chapter 8 Structuring the project 131 Chapter 9 Preparing the project financing plan 151 Chapter 10 Discounted cash flow analysis 169 Chapter 11 Financial modeling and project evaluation 193 Chapter 12 Using real-options analysis to evaluate a project 215 Chapter 13 Sources of project funds 239 Chapter 14 Managing project risks 271 Chapter 15 Sharia-compliant project financing 305 Chapter 16 Issues for the host government 331 Chapter 17 case study: the indiantown cogeneration project 347 Chapter 18 case study: the tribasa toll road project 379 Chapter 19 case study: the euro disneyland project 399 Chapter 20 case study: the eurotunnel project 431 Chapter 21 conclusion 457 Appendix A comparative terms of selected projects 463 Appendix B other examples of project financings 475 Appendix C legal investment requirements governing new york life insurance companies 489 Notes 495 Bibliography 513 Websites 521 Index 523
£66.75
John Wiley & Sons Inc Corporate Finance For Dummies UK
Book SynopsisThe maths, the formulas, and the problems associated with corporate finance can be daunting to the uninitiated, but help is at hand.Table of ContentsIntroduction 1 Part I: Getting Started with Corporate Finance 5 Chapter 1: Introducing Corporate Finance 7 Chapter 2: Navigating the World of Corporate Finance 15 Chapter 3: Raising Money for Business Purposes 35 Part II: Reading Financial Statements as a Second Language 45 Chapter 4: Seeing What You’re Worth with the Balance Sheet 47 Chapter 5: Getting Paid with the Profit and Loss Account 59 Chapter 6: Easy Come, Easy Go: Understanding the Cash Flow Statement 69 Chapter 7: Making Financial Statements Useful with Ratio Analysis 77 Chapter 8: Measuring Financial Wellbeing with Special-Use Ratios 97 Part III: Placing Valuations on the Price Tags of Business 115 Chapter 9: Determining Present and Future Values: Time Is Money 117 Chapter 10: Looking to the Future with Capital Budgeting 125 Chapter 11: Bringing on Your Best Bond Bets 143 Chapter 12: Being Savvy When Shopping for Shares 159 Chapter 13: Measuring Valuations of the May-Be: Derivatives 177 Part IV: Walking in a Risk Management Wonderland 189 Chapter 14: Managing the Risky Business of Corporate Finances 191 Chapter 15: Through the Looking Glass of Modern Portfolio Theory 203 Chapter 16: Entering the Science Lab: Financial Engineering 223 Chapter 17: Assessing Capital Structure 239 Part V: Understanding Financial Management 249 Chapter 18: Assessing Financial Performance 251 Chapter 19: Forecasting Finances Is Easier than Predicting the Weather 273 Chapter 20: Spelling out the ABC of M&A 289 Part VI: The Part of Tens 309 Chapter 21: Ten Things You Need to Know about International Finance 311 Chapter 22: Ten Things You Need to Understand about Behavioural Finance 325 Index 337
£17.59
John Wiley & Sons Inc Fit for Growth
Book SynopsisA practical approach to business transformation Fit for Growth* is a unique approach to business transformation that explicitly connects growth strategy with cost management and organization restructuring.Table of ContentsPreface ix Part I Introduction and Fit for Growth Overview 1 Chapter 1 Do You Need to Cut to Grow? 3 Circuit City: The Ostrich Approach 6 IKEA: Elevating Cost Optimization to an Art Form 9 The Fit for Growth Index 12 Chapter 2 Becoming Fit for Growth: The Restructuring and Renewal Journey 17 Focus on Differentiating Capabilities 19 Align the Cost Structure 21 Reorganize for Growth 24 Enable Change and Cultural Evolution 28 Continuous Cost-Fitness Renewal 29 Chapter 3 The Leader’s Role: Aligning Costs with Strategy 31 How Do You Know When It’s Time? 32 The Three Core Questions Leaders Ask 34 What Makes the Fit for Growth Approach Different 43 Part II How to Cut Costs and Grow Stronger: A Manager’s Guide 45 Chapter 4 Levers of Cost Reduction: What, Where, and How 47 Setting the Objective 48 Identifying Differentiating Capabilities 50 Selecting the Cost-Reduction Levers 52 “What” Do We Do? Business Portfolio and Capability Choices 52 “Where” Do We Do It? Organization and Location 53 “How” and “How Well” Do We Do It? Operational Excellence 55 Chapter 5 Portfolio Rationalization: Decide What Business You Should Be In 57 What Is Portfolio Rationalization? 58 When to Use Portfolio Rationalization 62 How to Rationalize the Portfolio 64 Chapter 6 Zero-Basing: Justify What to Keep, Not What to Kill 70 What Is Zero-Basing? 70 A Versatile, Holistic Cost Lever 73 When Should You Zero-Base Your Capabilities? 76 How to Zero-Base Your Capabilities 76 Chapter 7 Aligning the Operating Model: Redefine Where Critical Work Gets Done 85 Operating Model Elements and Archetypes 86 When to Redesign Your Operating Model 92 How to Redesign Your Operating Model 93 Chapter 8 Outsourcing: Let External Providers Generate Value for You 103 What Is Outsourcing? 103 When to Outsource 107 The Outsourcing Process: How It Works 108 Chapter 9 Footprint Optimization: Rethink Your Operations and Overhead Locations 119 What Is Footprint Optimization? 119 When to Use Footprint Optimization 123 Footprint Optimization: How It Works 126 Chapter 10 Process Excellence: Simplify Work and Minimize Bureaucracy 133 What Is Process Excellence? 134 When to Use Process Excellence 139 A Guide to Process Excellence 140 Aligning Process Excellence with Other Cost Levers 146 Chapter 11 Spans and Layers: Flatten and Empower the Organization 149 What Is a Spans and Layers Restructuring? 149 When to Restructure Spans and Layers 154 How to Restructure Spans and Layers: Five Steps to a Leaner Organization 155 Chapter 12 Strategic Supply Management: Extract More Value from Your Purchases 163 What Is Strategic Supply Management? 163 When Should a Company Use Strategic Supply Management? 167 Making It Happen: A Guide to Strategic Supply Management 169 Chapter 13 Digitization: Make Technology a Game Changer 177 What Is Digitization? 177 When to Use Digitization 179 How to Digitize 182 Part III Coping with Cost Restructuring: How to Manage and Sustain the Change 189 Chapter 14 Running a Cost Transformation: Mobilizing, Scaling, and Sustaining 191 Phase 1: Diagnostic and Case for Change 193 Phase 2: Detailed Design 198 Phase 3: Execution 203 Chapter 15 Morale, Emotions, and Expectations: Leading during a Restructuring 208 Uncertainty and Anxiety 209 Phase 1: Opportunity, but for Whom? 211 Phase 2: Anxiety Surfaces 214 Phase 3: Turmoil, but also Glimmers of Something Better 216 Chapter 16 The Human Element: Getting People Ready, Willing, and Able to Change 224 Elements of a Culture-Led Change Management Program 226 Phase 1: Diagnostic and Case for Change 230 Phase 2: Detailed Design 233 Phase 3: Execution 242 Chapter 17 Staying Fit for Growth 246 Strategic Levers: Translating Strategy into Performance 247 Operational Levers: Executing against the Plan 251 Organizational Levers: Assign Accountability and Reward Cost Consciousness 253 Cultural Levers: Unleashing the Individual 255 Sense and Sustainability: Getting from Here to There 258 Notes 259 Acknowledgments 261 About the Authors 265 Index 267
£22.95
John Wiley & Sons Inc The Financial Controller and CFOs Toolkit
Book SynopsisSimplify and streamline your way to a winning legacy Winning CFOs is a hybrid handbook and toolkit with over 100 lean practice solutions and a wealth of practical tools for senior financial managers of small, midsized and large companies.Table of ContentsAbout the Author ix Testimonials xi Introduction xiii Acknowledgments xxi Part I: Change—Why the Need and How to Lead Chapter 1: Getting Your Finance Team Future Ready 3 Chapter 2: Leading and Selling the Change 17 Part II: To Be Completed Before the Next Month-End Chapter 3: Rapid Month-End Reporting: By Working Day Three or Less 29 Part III: Technologies to Adopt Chapter 4: Future-Ready Technologies 49 Part IV: Progress You Need to Make Within the Next Six Months Chapter 5: Reduce Accounts Payable Volumes by 60 Percent 77 Chapter 6: Month-End Reporting Refinements 91 Chapter 7: Lean Reporting—Informatively and Error Free 101 Chapter 8: Lean Board Reporting 135 Chapter 9: A Lean Annual Planning Process—Ten Working Days or Less! 149 Chapter 10: Lean and Smarter Work Methods 177 Chapter 11: Effective Leadership, Growing and Retaining Talent 199 Chapter 12: Quick Annual Reporting: Within 15 Working Days Post Year-End 225 Chapter 13: Managing Your Accounts Receivable 245 Chapter 14: Attracting and Recruiting Talent 249 Chapter 15: Lean Accounting 265 Part V: How Finance Teams Can Help Their Organizations Get Future Ready Chapter 16: Implementing Quarterly Rolling Forecasting and Planning 281 Chapter 17: Finding Your Organization’s Operational Critical Success Factors 315 Chapter 18: Getting Your KPIs to Work 327 Chapter 19: Reporting Performance Measures 351 Part VI: Areas Where Costly Mistakes Can Be Made Chapter 20: Performance Bonus Schemes 371 Chapter 21: Takeovers and Mergers 387 Chapter 22: The Hidden Costs of Reorganizations and Downsizing 399 Appendix A: Useful Letters and Memos 409 Appendix B: Rules for a Bulletproof Presentation 419 Appendix C: Satisfaction Survey for a Finance Team 427 Index 435
£31.50
John Wiley & Sons Inc Budgeting For Dummies
Book SynopsisTable of ContentsIntroduction 1 Part 1: All about Budgeting 5 Chapter 1: Beginning with Budgeting Basics 7 Chapter 2: Breaking Down the Parts of a Budget 21 Part 2: Finding a Budget That Works for You 37 Chapter 3: Zero-Based Budgeting 39 Chapter 4: The 50/30/20 Budget 59 Chapter 5: The Envelope Budget 77 Chapter 6: The Pay-Yourself-First Budget 95 Chapter 7: Tips for Creating a New Budget 107 Part 3: Taking Care of Your Priorities 127 Chapter 8: Establishing an Emergency Fund 129 Chapter 9: Saving for Your Retirement 147 Chapter 10: Eliminating Debt 153 Part 4: Budgeting in Action 177 Chapter 11: Budgeting in a Tough Economy 179 Chapter 12: Budgeting during Different Life Stages 193 Chapter 13: Budgeting for a Major Purchase or Life Event 211 Part 5: Using Your Budget for Money Management 231 Chapter 14: Budgeting for Major Life Changes 233 Chapter 15: Keeping Tabs on Credit Card Spending 249 Chapter 16: Using a Budget to Plan for the Future 259 Part 6: The Part of Tens 275 Chapter 17: Ten Creative Ways to Budget 277 Chapter 18: Ten Ways to Stay Motivated When Following a Budget 281 Index 285
£14.39
John Wiley & Sons Inc Simple Tools and Techniques for Enterprise Risk
Book SynopsisYour business reputation can take years to build and mere minutes to destroy The range of business threats is evolving rapidly but your organization can thrive and gain a competitive advantage with your business vision for enterprise risk management.Table of ContentsList of Figures xxvii Preface to the Second Edition xxxi Acknowledgements xxxv About the Author xxxvii Part I Enterprise Risk Management In Context 1 1 Introduction 3 1.1 Risk Diversity 4 1.2 Approach to Risk Management 5 1.3 Business Growth Through Risk Taking 5 1.4 Risk and Opportunity 6 1.5 The Role of the Board 7 1.6 Primary Business Objective (or Goal) 8 1.7 What is Enterprise Risk Management? 9 1.8 Benefits of Enterprise Risk Management 10 1.9 Structure 12 1.9.1 Corporate Governance 12 1.9.2 Internal Control 13 1.9.3 Implementation 14 1.9.4 Risk Management Framework 14 1.9.5 Risk Management Policy 15 1.9.6 Risk Management Process 15 1.9.7 Sources of Risk 16 1.10 Summary 16 1.11 References 16 2 Developments in Corporate Governance in the UK 19 2.1 Investor Unrest 19 2.2 The Problem of Agency 20 2.3 The Cadbury Committee 21 2.4 The Greenbury Report 23 2.5 The Hampel Committee and the Combined Code of 1998 23 2.6 Smith Guidance on Audit Committees 23 2.7 Higgs 24 2.8 Tyson 24 2.9 Combined Code on Corporate Governance 2003 25 2.10 Companies Act 2006 26 2.11 Combined Code on Corporate Governance 2008 26 2.12 Sir David Walker’s Review of Corporate Governance, July 2009 (Consultation Paper) 27 2.13 Sir David Walker’s Review of Corporate Governance, November 2009 (Final Recommendation) 29 2.14 House of Commons Treasury Committee 2009 30 2.15 UK Corporate Governance Code, June 2010 32 2.16 The “Comply or Explain” Regime 34 2.17 Definition of Corporate Governance 34 2.18 Formation of Companies 35 2.19 The Financial Services Authority and Markets Act 2000 36 2.20 The London Stock Exchange 36 2.21 Summary 37 2.22 References 38 3 Developments in Corporate Governance in the US 41 3.1 Corporate Governance 41 3.2 The Securities and Exchange Commission 42 3.2.1 Creation of the SEC 42 3.2.2 Organisation of the SEC 43 3.3 The Laws That Govern the Securities Industry 44 3.3.1 Securities Act 1933 44 3.3.2 Securities Exchange Act 1934 44 3.3.3 Trust Indenture Act 1939 45 3.3.4 Investment Company Act 1940 45 3.3.5 Investment Advisers Act 1940 45 3.4 Catalysts for the Sarbanes-Oxley Act 2002 45 3.4.1 Enron 46 3.4.2 WorldCom 47 3.4.3 Tyco International 47 3.4.4 Provisions of the Act 50 3.4.5 Implementation 52 3.4.6 Sarbanes-Oxley Section 404 52 3.4.7 The Positive Effects of Post-Enron Reforms 52 3.4.8 Criticism of Section 404 Before the Global Financial Crisis 54 3.4.9 Criticism of Section 404 After the Global Financial Crisis 54 3.5 National Association of Corporate Directors 2008 55 3.6 Summary 56 3.7 References 57 4 The Global Financial Crisis of 2007–2009: A US Perspective 59 4.1 The Financial Crisis in Summary 59 4.2 How the Financial Crisis Unfolded 60 4.3 The United States Mortgage Finance Industry 61 4.4 Subprime Model of Mortgage Lending 61 4.4.1 Contributing Events to the Credit Crisis 61 4.4.2 Foreclosures 63 4.4.3 Negative Equity 65 4.4.4 Housing Surplus 67 4.4.5 Vicious Circles 68 4.5 Why this Crisis Warrants Close Scrutiny 68 4.6 Behaviours 70 4.6.1 Investor Behaviour in the Search for Yield 70 4.6.2 Mortgage Lending Behaviour 71 4.6.3 Bank Behaviour and Risk Transfer through Securitised Credit 71 4.6.4 “Group Think” and Herd Behaviour 72 4.6.5 Banks’ Behaviour and Risk Appetite 74 4.6.6 Behaviour of Regulators and the Division of “Narrow Banking” from Investment Banking 75 4.6.7 Banks’ Behaviour and Misplaced Reliance of Sophisticated Mathematics and Statistics 75 4.7 Worldwide Deficiencies in Risk Management 76 4.8 Federal Reform 76 4.9 Systemic Risk 79 4.10 The Future of Risk Management 81 4.11 Summary 82 4.12 References 82 5 Developments in Corporate Governance in Australia and Canada 85 5.1 Australian Corporate Governance 85 5.1.1 Regulation Arising from Corporate Failures 85 5.1.2 Corporate Governance Reforms Following the Accounting Scandals of the Early 2000s 86 5.1.3 Horwath 2002 Corporate Governance Report 88 5.1.4 The ASX Corporate Governance Council 89 5.1.5 Financial Statements 90 5.2 Canada 90 5.2.1 Dey Report 90 5.2.2 Dey Revisited 91 5.2.3 Kirby Report 91 5.2.4 Saucier Committee 92 5.2.5 National Policy and Instrument (April 2005) 92 5.2.6 TSE Corporate Governance: Guide to Good Disclosure 2006 93 5.3 Summary 94 5.4 References 94 6 Internal Control and Risk Management 97 6.1 The Composition of Internal Control 97 6.2 Risk as a Subset of Internal Control 98 6.2.1 The Application of Risk Management 98 6.3 Allocation of Responsibility 102 6.3.1 Cadbury Committee 102 6.3.2 Hampel Committee 102 6.3.3 Turnbull 103 6.3.4 Higgs Review 104 6.3.5 Smith Review 104 6.3.6 OECD 105 6.4 The Context of Internal Control and Risk Management 106 6.5 Internal Control and Risk Management 107 6.6 Embedding Internal Control and Risk Management 107 6.7 Summary 107 6.8 References 108 7 Developments in Risk Management in the UK Public Sector 109 7.1 Responsibility for Risk Management in Government 109 7.1.1 Cabinet Office 110 7.1.2 Treasury 111 7.1.3 Office of Government Commerce 111 7.1.4 National Audit Office 112 7.2 Risk Management Publications 112 7.3 Successful IT 113 7.4 Supporting Innovation 115 7.4.1 Part 1: Why Risk Management is Important 115 7.4.2 Part 2: Comprehension of Risk Management 115 7.4.3 Part 3: What More Needs to be Done to Improve Risk Management 115 7.5 The Orange Book 116 7.5.1 Identify the Risks and Define a Framework 116 7.5.2 Assign Ownership 116 7.5.3 Evaluate 117 7.5.4 Assess Risk Appetite 117 7.5.5 Response to Risk 117 7.5.6 Gain Assurance 118 7.5.7 Embed and Review 118 7.6 Audit Commission 118 7.7 CIPFA/SOLACE Corporate Governance 120 7.8 M_o_R 2002 121 7.9 DEFRA 123 7.9.1 Risk Management Strategy 123 7.10 Strategy Unit Report 124 7.11 Risk and Value Management 125 7.12 The Green Book 126 7.12.1 Optimism Bias 126 7.12.2 Annex 4 127 7.13 CIPFA Guidance on Internal Control 127 7.14 Managing Risks to Improve Public Services 129 7.15 The Orange Book (Revised) 131 7.16 M_o_R 2007 132 7.17 Managing Risks in Government 132 7.18 Summary 134 7.19 References 136 Part II The Risk Management Process 137 References 139 8 Establishing the Context: Stage 1 141 8.1 Process 141 8.2 Process Goal and Subgoals 142 8.3 Process Definition 143 8.4 Process Inputs 143 8.5 Process Outputs 145 8.6 Process Controls (Constraints) 145 8.7 Process Mechanisms (Enablers) 146 8.7.1 Ratios 146 8.7.2 Risk Management Process Diagnostic 147 8.7.3 SWOT Analysis 148 8.7.4 PEST Analysis 148 8.8 Process Activities 149 8.8.1 Business Objectives 149 8.8.2 Business Plan 150 8.8.3 Examining the Industry 151 8.8.4 Establishing the Processes 151 8.8.5 Projected Financial Statements 153 8.8.6 Resources 155 8.8.7 Change Management 155 8.8.8 Marketing Plan 155 8.8.9 Compliance Systems 156 8.9 Summary 156 8.10 References 156 9 Risk Identification: Stage 2 159 9.1 Process 159 9.2 Process Goal and Subgoals 159 9.3 Process Definition 160 9.4 Process Inputs 161 9.5 Process Outputs 162 9.6 Process Controls (Constraints) 162 9.7 Process Mechanisms (Enablers) 163 9.7.1 Risk Checklist 163 9.7.2 Risk Prompt List 163 9.7.3 Gap Analysis 163 9.7.4 Risk Taxonomy 164 9.7.5 PEST Prompt 165 9.7.6 SWOT Prompt 168 9.7.7 Database 168 9.7.8 Business Risk Breakdown Structure 169 9.7.9 Risk Questionnaire 169 9.7.10 Risk Register Content/Structure 170 9.8 Process Activities 171 9.8.1 Clarifying the Business Objectives 171 9.8.2 Reviewing the Business Analysis 171 9.8.3 Need for Risk and Opportunity Identification 171 9.8.4 Risk and Opportunity Identification 172 9.8.5 Facilitation 172 9.8.6 Gaining a Consensus on the Risks, the Opportunities and their Interdependencies 182 9.8.7 Risk Register 182 9.9 Summary 182 9.10 References 182 10 Risk Analysis: Stage 3 185 10.1 Process 185 10.2 Process Goal and Subgoals 186 10.3 Process Definition 186 10.4 Process Inputs 186 10.5 Process Outputs 188 10.6 Process Controls (Constraints) 188 10.7 Process Mechanisms (Enablers) 188 10.7.1 Probability 188 10.8 Process Activities 189 10.8.1 Causal Analysis 190 10.8.2 Decision Analysis and Influence Diagrams 190 10.8.3 Pareto Analysis 193 10.8.4 CAPM Analysis 194 10.8.5 Define Risk Evaluation Categories and Values 195 10.9 Summary 195 10.10 References 196 11 Risk Evaluation: Stage 4 197 11.1 Process 197 11.2 Process Goal and Subgoals 197 11.3 Process Definition 198 11.4 Process Inputs 198 11.5 Process Outputs 198 11.6 Process Controls (Constraints) 199 11.7 Process Mechanisms (Enablers) 200 11.7.1 Probability Trees 200 11.7.2 Expected Monetary Value 201 11.7.3 Utility Theory and Functions 203 11.7.4 Decision Trees 204 11.7.5 Markov Chain 208 11.7.6 Investment Appraisal 210 11.8 Process Activities 215 11.8.1 Basic Concepts of Probability 215 11.8.2 Sensitivity Analysis 216 11.8.3 Scenario Analysis 217 11.8.4 Simulation 217 11.8.5 Monte Carlo Simulation 218 11.8.6 Latin Hypercube 220 11.8.7 Probability Distributions Defined from Expert Opinion 220 11.9 Summary 221 11.10 References 222 12 Risk Treatment: Stage 5 223 12.1 Process 223 12.2 Process Goal and Subgoals 223 12.3 Process Definition 224 12.4 Process Inputs 224 12.5 Process Outputs 224 12.6 Process Controls (Constraints) 225 12.7 Process Mechanisms 225 12.8 Process Activities 226 12.9 Risk Appetite 226 12.10 Risk Response Strategies 228 12.10.1 Risk Reduction 228 12.10.2 Risk Removal 228 12.10.3 Risk Reassignment or Transfer 229 12.10.4 Risk Retention 230 12.11 Summary 230 12.12 References 231 13 Monitoring and Review: Stage 6 233 13.1 Process 233 13.2 Process Goal and Subgoals 234 13.3 Process Definition 234 13.4 Process Inputs 235 13.5 Process Outputs 235 13.6 Process Controls (Constraints) 235 13.7 Process Mechanisms 236 13.8 Process Activities 236 13.8.1 Executing 236 13.8.2 Monitoring 236 13.8.3 Controlling 237 13.9 Summary 239 13.10 Reference 240 14 Communication and Consultation: Stage 7 241 14.1 Process 241 14.2 Process Goal and Subgoals 242 14.3 Process Definition 242 14.4 Process Inputs 243 14.5 Process Outputs 243 14.6 Process Controls (Constraints) 244 14.7 Process Mechanisms 244 14.8 Process Activities 244 14.9 Internal Communication 245 14.10 External Communication 245 14.11 Summary 245 14.12 Reference 246 Part III Internal Influences – Micro Factors 247 15 Financial Risk Management 249 15.1 Definition of Financial Risk 249 15.2 Scope of Financial Risk 250 15.3 Benefits of Financial Risk Management 250 15.4 Implementation of Financial Risk Management 251 15.5 Liquidity Risk 251 15.5.1 Current and Quick Ratios 251 15.5.2 Mitigation of Liquidity Risk 253 15.6 Credit Risk 253 15.6.1 Default Risk 253 15.6.2 Exposure Risk 254 15.6.3 Recovery Risk 254 15.6.4 Credit Insurance 255 15.6.5 Counterparty Risk 256 15.6.6 Due Diligence 256 15.7 Borrowing 259 15.8 Currency Risk 259 15.9 Funding Risk 260 15.10 Foreign Investment Risk 262 15.10.1 Country Risk 262 15.10.2 Environment Risk 263 15.11 Derivatives 263 15.11.1 Exchange Traded Derivatives 263 15.11.2 Over-the-Counter Derivatives 264 15.12 Summary 264 15.13 References 265 16 Operational Risk Management 267 16.1 Definition of Operational Risk 268 16.2 Scope of Operational Risk 269 16.3 Benefits of Operational Risk 270 16.4 Implementation of Operational Risk 270 16.5 Strategy 270 16.5.1 Definition of Strategy Risk 270 16.5.2 Objectives 271 16.5.3 Business Plan 272 16.5.4 New Business Development 272 16.5.5 Resources 273 16.5.6 Stakeholder Interests 273 16.5.7 Corporate Experience 274 16.5.8 Reputation 274 16.6 People 275 16.6.1 Definition of People Risk 275 16.6.2 Types of People Risk 276 16.6.3 Human Resource Management Practices 276 16.6.4 Ability to Pay Salaries 277 16.6.5 Regulatory and Statutory Requirements 277 16.6.6 Staff Constraints 280 16.6.7 Staff Dishonesty 287 16.6.8 Risk Management 287 16.6.9 Health and Safety 292 16.7 Processes and Systems 292 16.7.1 Definition of Processes and Systems Risk 293 16.7.2 Controls 293 16.7.3 Regulatory and Statutory Requirements 294 16.7.4 Continuity 294 16.7.5 Indicators of Loss 295 16.7.6 Transactions 295 16.7.7 Computer/IT Systems 297 16.7.8 Knowledge Management 301 16.7.9 Project Management 302 16.8 External Events 303 16.8.1 Change Management 303 16.8.2 Business Continuity 304 16.9 Outsourcing 305 16.10 Measurement 307 16.11 Mitigation 307 16.12 Summary 307 16.13 References 308 17 Technological Risk Management 309 17.1 Definition of Technology Risk 310 17.2 Scope of Technology Risk 310 17.3 Benefits of Technology Risk Management 311 17.4 Implementation of Technology Risk Management 311 17.5 Primary Technology Types 312 17.5.1 Information Technology 312 17.5.2 Communications Technology 315 17.5.3 Control Technology 319 17.6 Responding to Technology Risk 324 17.6.1 IT Governance 324 17.6.2 Investment 326 17.6.3 Projects 329 17.7 Summary 330 17.8 References 331 18 Project Risk Management 333 18.1 Definition of Project Risk 334 18.2 Definition of Project Risk Management 334 18.3 Sources of Project Risk 335 18.4 Benefits of Project Risk Management 335 18.5 Embedding Project Risk Management 336 18.5.1 Common Challenges in Implementing Project Risk Management 336 18.5.2 Lack of Clearly Defined and Disseminated Risk Management Objectives 337 18.5.3 Lack of Senior Executive and Project Director Commitment and Support 337 18.5.4 Lack of a Risk Maturity Model 337 18.5.5 Lack of a Change Process to Implement the Discipline 338 18.5.6 No Common Risk Language (Terms and Definitions) 338 18.5.7 Lack of Articulation of the Project Sponsor’s Risk Appetite 338 18.5.8 No Definition of Roles and Responsibilities 339 18.5.9 Lack of Risk Management Awareness Training to Build Core Competencies 339 18.5.10 Lack of Integration of Risk Management with Other Project Disciplines 340 18.5.11 Reticence of Project Personnel to Spend Time on Risk Management 340 18.5.12 Risk Owners not Automatically Taking Responsibility for Assigned Risks 341 18.5.13 No Clear Demonstration of How Risk Management Adds Value and Contributes to Project Performance 341 18.5.14 Overcomplicated Implementation from an Unclear Risk Policy, Strategy, Framework, Plan and Procedure 341 18.5.15 Lack of Alignment between the Business Strategy, Business Model and the Risk Management Objectives 341 18.5.16 Lack of the Integration of Risk Management Activities into the Day-to-Day Activities of Project Managers 342 18.6 Project Risk Management Process 342 18.6.1 Establish the Context 342 18.6.2 Risk Identification 344 18.6.3 Risk Analysis 344 18.6.4 Risk Evaluation 345 18.6.5 Risk Treatment 345 18.6.6 Risk Monitoring and Review 345 18.6.7 Communication and Consultation 346 18.7 Responsibility for Project Risk Management 346 18.8 Project Director’s Role 347 18.9 Project Team 347 18.9.1 Lack of Team Structure 347 18.9.2 Lack of Definition of Roles 348 18.9.3 Lack of Responsibility Assignment Matrix 348 18.9.4 Poor Leadership 348 18.9.5 Poor Team Communication 348 18.10 Optimism Bias 349 18.10.1 The Investment Decision 349 18.10.2 Optimism Bias 350 18.10.3 Monitoring 350 18.10.4 Using Numerical Indicators in Project Decision Making 350 18.10.5 Causes of Optimism Bias 351 18.10.6 The Distinction between Risk Events and Optimism Bias 351 18.11 Software Tools Used to Support Project Risk Management 351 18.12 Techniques Used to Support Project Risk Management 352 18.13 Summary 352 18.14 References 354 19 Business Ethics Management 355 19.1 Definition of Business Ethics Risk 355 19.2 Scope of Business Ethics Risk 356 19.3 Benefits of Ethics Risk Management 357 19.4 How Unethical Behaviour can Arise 357 19.5 Recognition of the Need for Business Ethics 358 19.5.1 US Department of Commerce 358 19.5.2 The G8 Summit in Italy Pushes for a Return to “Ethics” 359 19.5.3 OECD and Its Approach to Business Ethics 359 19.5.4 UK Financial Services Authority 360 19.5.5 US Department of Justice 360 19.6 Factors that Affect Business Ethics 361 19.7 Risk Events 361 19.8 Implementation of Ethical Risk Management 365 19.8.1 Areas of Focus 365 19.8.2 Levels of Application 366 19.8.3 The System 368 19.9 Summary 374 19.10 References 374 20 Health and Safety Management 375 20.1 Definition of Health and Safety Risk 375 20.2 Scope of Health and Safety Risk 376 20.3 Benefits of Health and Safety Risk Management 376 20.3.1 Business Benefits 377 20.3.2 The Enterprise Context: AstraZeneca 378 20.4 The UK Health and Safety Executive 378 20.4.1 The UK Perspective: Health and Safety Record 379 20.5 The European Agency for Safety and Health at Work 379 20.5.1 Main Challenges Concerning Health and Safety at Work 380 20.6 Implementation of Health and Safety Risk Management 380 20.6.1 Management Arrangements 381 20.6.2 Risk Controls 381 20.6.3 Workplace Precautions 381 20.6.4 System Implementation 382 20.7 Workplace Precautions 382 20.8 Contribution of Human Error to Major Disasters 382 20.8.1 Tenerife, 27 March 1977 382 20.8.2 Chernobyl, 26 April 1986 384 20.8.3 Kegworth, 8 January 1989 385 20.8.4 Herald of Free Enterprise, 6 March 1987 386 20.8.5 Piper Alpha, 6 July 1988 387 20.8.6 Ladbroke Grove, 5 October 1999 387 20.9 Improving Human Reliability in the Workplace 388 20.10 Risk Management Best Practice 389 20.10.1 Crisis Management Plan 389 20.11 Summary 390 20.12 References 390 Part Iv External Influences – Macro Factors 391 21 Economic Risk 393 21.1 Definition of Economic Risk 393 21.2 Scope of Economic Risk 393 21.3 Benefits of Economic Risk Management 394 21.4 Implementation of Economic Risk Management 394 21.5 Microeconomics and Macroeconomics 394 21.6 Macroeconomics 395 21.6.1 Gross Domestic Product 395 21.7 Government Policy 397 21.7.1 Fiscal Policy 397 21.7.2 Monetary Policy 397 21.7.3 Competing Theories 398 21.8 Aggregate Demand 398 21.8.1 Using Aggregate Demand Curves 399 21.8.2 Determinants of Consumer Spending 399 21.8.3 Determinants of Investment Expenditure 400 21.8.4 Determinants of Government Spending 400 21.8.5 Determinants of Net Expenditure on Exports and Imports 401 21.9 Aggregate Supply 401 21.10 Employment Levels 403 21.11 Inflation 403 21.12 Interest Rate Risk 404 21.13 House Prices 405 21.14 International Trade and Protection 405 21.14.1 Trade 405 21.14.2 Methods of Protectionism 406 21.14.3 Trade Policy 406 21.14.4 Balance of Trade 406 21.15 Currency Risk 407 21.15.1 Risk Mitigation by Hedging 407 21.16 Summary 412 21.17 References 412 22 Environmental Risk 413 22.1 Definition of Environmental Risk 413 22.2 Scope of Environmental Risk 415 22.3 Benefits of Environmental Risk Management 415 22.4 Implementation of Environmental Risk Management 415 22.5 Energy Sources 416 22.5.1 Renewable Energy 417 22.6 Use of Resources 419 22.7 Pollution 420 22.8 Global Warming 420 22.9 Response to Global Warming 422 22.9.1 Earth Summit 422 22.9.2 The Kyoto Protocol 422 22.9.3 Pollution Control Targets 422 22.9.4 Sufficiency of Emission Cuts 423 22.9.5 US Climate Pact 423 22.9.6 The Copenhagen Accord 424 22.9.7 European Union 425 22.9.8 Cancún Agreements 425 22.9.9 Domestic Government Response to Climate Change 426 22.9.10 Levy 427 22.9.11 Emissions Trading 428 22.9.12 Impact on Business 428 22.10 Stimulation to Environmental Considerations 429 22.10.1 FTSE4Good Index 429 22.10.2 Carbon Trust 429 22.10.3 Public Pressure 430 22.11 Environmental Sustainability 431 22.12 Summary 432 22.13 References 433 23 Legal Risk 435 23.1 Definition of Legal Risk 435 23.2 Scope of Legal Risk 435 23.3 Benefits of Legal Risk Management 436 23.4 Implementation of Legal Risk Management 436 23.5 Business Law 437 23.6 Companies 438 23.6.1 The Company Name 438 23.6.2 The Memorandum of Association 438 23.6.3 Articles of Association 439 23.6.4 Financing the Company 439 23.6.5 The Issue of Shares and Debentures 440 23.6.6 The Official Listing of Securities 440 23.6.7 The Remedy of Rescission 440 23.6.8 Protection of Minority Interests 440 23.6.9 Duties of Directors 441 23.7 Intellectual Property 441 23.7.1 Patents 441 23.7.2 Copyright 445 23.7.3 Designs 446 23.8 Employment Law 447 23.9 Contracts 447 23.9.1 Essentials of a Valid Contract 447 23.9.2 Types of Contract 447 23.10 Criminal Liability in Business 448 23.10.1 Misdescriptions of Goods and Services 448 23.10.2 Misleading Price Indications 449 23.10.3 Product Safety 450 23.11 Computer Misuse 451 23.11.1 Unauthorised Access to Computer Material 451 23.11.2 Unauthorised Access with Intent to Commit or Facilitate Further Offences 451 23.11.3 Unauthorised Modification of Computer Material 451 23.12 Summary 452 24 Political Risk 453 24.1 Definition of Political Risk 454 24.2 Scope of Political Risk 454 24.2.1 Macropolitical Risks 454 24.2.2 Micropolitical Risks 455 24.3 Benefits of Political Risk Management 455 24.4 Implementation of Political Risk Management 455 24.5 Zonis and Wilkin Political Risk Framework 457 24.6 Contracts 459 24.7 Transition Economies of Europe 459 24.8 UK Government Fiscal Policy 460 24.9 Pressure Groups 461 24.10 Terrorism and Blackmail 461 24.11 Responding to Political Risk 462 24.11.1 Assessing Political Risk Factors 463 24.11.2 Prioritising Political Risk Factors 464 24.11.3 Improving Relative Bargaining Power 464 24.12 Summary 464 24.13 References 465 25 Market Risk 467 25.1 Definition of Market Risk 467 25.2 Scope of Market Risk 468 25.2.1 Levels of Uncertainty in the Marketing Environment 469 25.3 Benefits of Market Risk Management 470 25.4 Implementation of Market Risk Management 470 25.5 Market Structure 470 25.5.1 The Number of Firms in an Industry 471 25.5.2 Barriers to Entry 471 25.5.3 Product Homogeneity, Product Diversity and Branding 473 25.5.4 Knowledge 473 25.5.5 Interrelationships within Markets 474 25.6 Product Life Cycle Stage 475 25.6.1 Sales Growth 476 25.7 Alternative Strategic Directions 476 25.7.1 Market Penetration 477 25.7.2 Product Development 477 25.7.3 Market Development 479 25.7.4 Diversification 481 25.8 Acquisition 482 25.9 Competition 483 25.9.1 Price Stability 483 25.9.2 Non-Price Competition 484 25.9.3 Branding 485 25.9.4 Market Strategies 486 25.10 Price Elasticity/Sensitivity 489 25.10.1 Elasticity 489 25.10.2 Price Elasticity 489 25.11 Distribution Strength 490 25.12 Market Risk Measurement: Value at Risk 490 25.12.1 Definition of Value at Risk 490 25.12.2 Value at Risk 490 25.12.3 VaR Model Assumptions 491 25.12.4 Use of VaR to Limit Risk 493 25.12.5 Calculating Value at Risk 494 25.13 Risk Response Planning 496 25.14 Summary 496 25.15 References 497 26 Social Risk 499 26.1 Definition of Social Risk 499 26.2 Scope of Social Risk 500 26.3 Benefits of Social Risk Management 500 26.4 Implementation of Social Risk Management 501 26.5 Education 501 26.6 Population Movements: Demographic Changes 502 26.6.1 The Changing Market 503 26.7 Socio-Cultural Patterns and Trends 504 26.8 Crime 504 26.8.1 Key Facts 504 26.9 Lifestyles and Social Attitudes 505 26.9.1 More Home Improvements 505 26.9.2 Motherhood, Marriage and Family Formation 505 26.9.3 Health 506 26.9.4 Less Healthy Diets 507 26.9.5 Smoking and Drinking 508 26.9.6 Long Working Hours 509 26.9.7 Stress Levels 509 26.9.8 Recreation and Tourism 510 26.10 Summary 510 26.11 References 511 Part V The Appointment 513 27 Introduction 515 27.1 Change Process From the Client Perspective 515 27.1.1 Planning 515 27.1.2 Timely Information 516 27.1.3 Risk Management Resources 516 27.2 Selection of Consultants 517 27.2.1 Objectives 517 27.2.2 The Brief 517 27.2.3 Describing Activity Interfaces 517 27.2.4 Appointment Process Management 518 27.2.5 The Long-Listing Process 518 27.2.6 Short-List Selection Criteria 519 27.2.7 Request for a Short-Listing Interview 519 27.2.8 Compilation of Short List 519 27.2.9 Prepare an Exclusion Notification 520 27.2.10 Prepare Tender Documents 520 27.2.11 Agreement to be Issued with the Tender Invitation 521 27.2.12 Tender Process 521 27.2.13 Award 521 27.2.14 Notification to Unsuccessful Tenderers 522 27.3 Summary 522 27.4 Reference 522 28 Interview with the Client 523 28.1 First Impressions/Contact 523 28.2 Client Focus 524 28.3 Unique Selling Point 524 28.4 Past Experiences 526 28.5 Client Interview 527 28.5.1 Scene/Overview 527 28.5.2 Situation/Context 527 28.5.3 Scheme/Plan of Action 527 28.5.4 Solution Implementation 528 28.5.5 Success, Measurement of 528 28.5.6 Secure/Continue 528 28.5.7 Stop/Close 528 28.6 Assignment Methodology 528 28.7 Change Management 529 28.8 Sustainable Change 529 28.9 Summary 530 28.10 References 531 29 Proposal 533 29.1 Introduction 533 29.2 Proposal Preparation 533 29.2.1 Planning 533 29.2.2 Preliminary Review 534 29.3 Proposal Writing 534 29.3.1 Task Management 534 29.3.2 Copying Text 534 29.3.3 Master Copy 534 29.3.4 Peer Review 534 29.4 Approach 535 29.5 Proposal 535 29.5.1 Identify the Parties – the Who 535 29.5.2 Identify the Location – the Where 537 29.5.3 Understand the Project Background – the What 537 29.5.4 Define the Scope – the Which 537 29.5.5 Clarify the Objectives – the Why 537 29.5.6 Determine the Approach – the How 538 29.5.7 Determine the Timing – the When 538 29.6 Client Responsibilities 538 29.7 Remuneration 539 29.8 Summary 539 29.9 References 539 30 Implementation 541 30.1 Written Statement of Project Implementation 541 30.2 Management 541 30.2.1 Objectives 541 30.2.2 Planning the Project 542 30.2.3 Consultant Team Composition 543 30.2.4 Interface with Stakeholders 543 30.2.5 Data Gathering 543 30.2.6 Budget 544 30.2.7 Assessment of Risk 544 30.2.8 Deliverables 544 30.2.9 Presentation of the Findings 545 30.2.10 Key Factors for Successful Implementation 545 30.3 Customer Delight 548 30.4 Summary 548 30.5 References 548 Appendix 1: Successful IT: Modernising Government in Action 549 Appendix 2: Sources of Risk 553 Appendix 3: DEFRA Risk Management Strategy 557 Appendix 4: Risk: Improving Government’s Capability to Handle Risk and Uncertainty 561 Appendix 5: 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£17.09
Ebury Publishing What They Don't Teach You About Money: The
Book Synopsis**The Instant Top Ten Bestseller**MoneyWeek's Top Money Books 2024'Utterly indispensable.' Lorraine Kelly'A must-read.' Tim HarfordTV and radio money-agony-aunt Claer Barrett is the voice of reason in the cost of living crisis, teaching us what we need to know about money, in an accessible way that anyone can understand.By unpicking our emotional relationship with money, she gets to the heart of how our financial habits are formed - and reveals seven powerful yet easy ways to transform how we manage our money for good.If you struggle to understand where you're going wrong with your money but don't know where to start, What They Don't Teach You About Money has all the answers you've been searching for. There's no shaming finger-wagging or headache-inducing jargon, just hundreds of practical tips showing how to get money working for you.The financial world can be an intimidating place, but Claer will banish any lack of confidence, demystifying money matters to help you regain control of your finances - and she'll even make you laugh along the way.You will learn:- why your 'financial personality' is key to unlocking your money habits- the secrets of successful budgeting (takeaway coffee is still allowed)- how to deal with your debts, and understand student finance- how to harness the power of digital banking to make your life easier, and save more- how to plan for your financial future and set yourself achievable goals along the way- how to talk about money and make uncomfortable conversations a thing of the past- easy lessons to help everyone understand tax, pensions and investing (yes, really!)- what you need to know before you buy your first property- how to grow your income and get that pay riseClaer expertly debunks the myths that keep us stuck in financial paralysis.It's time to regain control of your bank balance and get your money working for you!The Instant Top Ten Bestseller, Sunday Times, April 2023Trade ReviewUnlike her name, Claer's journalism is always clear. She's a great champion of financial literacy. I suspect the book will be no different. More power to her elbow. * Martin Lewis CBE, founder, Money Saving Expert *You MUST read this book. It's funny, it's wise, it's kind - and we've never needed it more. * Tim Harford OBE, The Undercover Economist, author, HOW TO MAKE THE WORLD ADD UP *This book has everything you need to understand and take control of your finances. It is bursting with common sense and is invaluable and utterly indispensable in these tough times. * Lorraine Kelly CBE, TV personality and journalist, Lorraine *An essential and enlightening book for anyone wanting to feel more confident about their money. * MoneyWeek *The money book for people who hate money books. * Eddie Mair, broadcaster *
£11.69
Harvard Business Review Press Beyond Budgeting: How Managers Can Break Free
Book SynopsisThe traditional annual budgeting process--characterized by fixed targets and performance incentives--is time consuming, overcentralized, and outdated. Worse, it often causes dysfunctional and unethical managerial behavior. Based on an intensive, international study into pioneering companies, Beyond Budgeting offers an alternative, coherent management model that overcomes the limitations of traditional budgeting. Focused around achieving sustained improvement relative to competitors, it provides a guiding framework for managing in the twenty-first century.Table of ContentsAcknowledgments; Foreword; Introduction: Toward a New General Management Model; Part I The Promise of Beyond Budgeting; 1. The Annual Performance Trap; 2. Breaking Free; Part II The First Beyond Budgeting Opportunity: Enabling Adaptive Management; Processes; 3. How Four Organizations Introduced Adaptive Processes; 4. Principles and Practices; 5. Insights into Implementation; Part III The Second Beyond Budgeting Opportunity: Enabling Radical Decentralization; 6. How Four Organizations Have Radically Decentralized; 7. Leadership Principles; 8. Embedding the Principles in the Management Culture; Part IV Realizing the Full Promise of Beyond Budgeting; 9. The Roles of Systems and Tools; 10. The Vision of a Management Model Fit for the Twenty-First Century; Glossary; Notes; Index
£25.20
Harvard Business Review Press How Finance Works: The HBR Guide to Thinking
Book SynopsisBased on a popular class taught by a Harvard Business School professor.If you're not a numbers person, then finance can be intimidating and easy to ignore. But if you want to advance in your career, you'll need to make smart financial decisions and develop the confidence to clearly communicate those decisions to others.In How Finance Works, Mihir Desai--a professor at Harvard Business School and author of The Wisdom of Finance--guides you into the complex but endlessly fascinating world of finance, demystifying it in the process.Through entertaining case studies, interactive exercises, full-color visuals, and a conversational style that belies the topic, Professor Desai tackles a broad range of topics that will give you the knowledge and skills you need to finally understand how finance works. These include: How different financial levers can affect a company's performance The different ways in which companies fund their operations and investments Why finance is more concerned with cash flow than profits How value is created, measured, and maximized The importance of capital markets in helping companies grow Whether you're a student or a manager, an aspiring CFO or an entrepreneur, How Finance Works is the colorful and interactive guide you need to help you start thinking more deeply about the numbers.Trade Review"If you're intimidated by all things finance and accounting, How Finance Works: The HBR Guide to Thinking Smart About the Numbers will give you the confidence you've been lacking." — Small Business Trends (smallbiztrends.com)Advance Praise for How Finance Works:Helen Riley, Chief Financial Officer, Google X--"Mihir's book provides the perfect combination of intuitive explanations, contemporary examples, and rigor so that both finance pros and novices can truly enhance their capabilities."Marne Levine, Chief Operating Officer, Instagram--"Informative and engaging, this book . . . is a must-read for business students and aspiring business leaders--or anyone looking to deepen their understanding of finance."Sarah Kauss, founder and CEO, S'well--"Professor Mihir Desai's advice--both practical and witty--was an inspiration when I was a student at Harvard Business School. . . I'm thrilled that he's written this book so that even more people can benefit from his wisdom!"Aswath Damodaran, Professor of Finance, NYU Stern School of Business; author, The Little Book of Valuation--"Mihir Desai's book on how finance works is masterful at laying bare the simple truths and the commonsense principles that underlie much of finance. . . readers, no matter what their background or interests, will come out more informed and enlightened by the journey."David Wolfson, Executive Director, Milbank, Tweed, Hadley & McCloy--"For anyone who wants to be able to utilize financial information. . . How Finance Works provides clarity and guidance to what can be, for many, an intimidating arena."Michael Jaff, MD, President, Newton-Wellesley Hospital--"Finally, someone has provided a mechanism for gaining intuition about finance for those of us who deliberately avoided any financial studies in school."Cyrus Taraporevala, President and CEO, State Street Global Advisors--"Professor Desai has accomplished a rare feat: transforming the typically complex and often dry subject of finance into a lively and accessible tour de force, without trivializing its importance."Jennifer Morgan, President, Americas and Asia Pacific Japan, SAP--"Mihir manages to make finance fun and accessible--and, by the end of it, you'll have the confidence, intuition, and understanding you need to succeed as a leader or executive in any organization."
£22.50
Profile Books Ltd The Economist Guide to Financial Management 3rd
Book SynopsisThe world of finance can be a minefield for the unwary. Without training, very few managers are prepared for the challenges of dealing with management reports, budgets and capital proposals, and find themselves embarrassed by their lack of understanding. This classic book, now in its third edition, supplies a step-by-step guide to the whole territory: 'how to assemble a budget', 'how to read variances on a report', 'how to construct a proposal to invest in new equipment'. By examining the actual things that managers have to do, each chapter explores the range of principles that can be applied, illustrates practical techniques and provides general guidance. The book will help the reader understand financial jargon, financial statements, management accounts, performance measures, budgeting, costing, pricing, decision-making and investment appraisal. New material brings this edition up to date with chapters on crowdfunding and the influence of global uncertainty on the best-laid financial plans.
£15.29
HarperCollins Publishers Inc Meet the Frugalwoods
Book Synopsis
£15.29
Dorling Kindersley Ltd Weekly Provisions
Book SynopsisFun, tasty, and flavorful recipes that help you cook for the entire week! Save time and money and make a variety of mouthwatering meals. Author Kimberly Duke will show you how to make delicious, affordable meals over weekends that can be repurposed for weekday meals. Save time, money and reduce food waste with this batch-cooking guide.Weekly Provisions places variety and fun back into meal prep and shows you how to spice up leftovers. In this book you’ll discover: • Recipes for 12 complete menus – each with a starter, main event, side dish, and pudding – followed by creative ideas for turning what’s left into new meals during the week • 100 leftover makeovers for breakfast on the go, packed lunches, speedy suppers, and more • How to stock your larder and make a weekly shopping list • The indulgence of
£15.00
Rowman & Littlefield Healing the Wounded Giant
Book Synopsis President Barack Obama survived a tenuous economy and a toxic political environment to win re-election in 2012, but the bitter partisan divide in Washington survived as well. So did the country''s huge fiscal deficit. in this, the latest in a long line of Brookings Institution analyses of the defense budget, Michael O''Hanlon considers how best to balance national security and fiscal responsibility during a period of prolonged economic stress and political acrimonyeven as the world remains unsettled, from Afghanistan to Iran to Syria to the western Pacific region. O''Hanlon explains why the large defense cuts that would result from prolonged sequestration or from deficit-reduction projects such as the Bowles-Simpson plan are too deep. But the bulk of his book represents an effort to look for greater savings than the Obama administration''s 2012 proposals would allow. Praise for the work of Michael O''Hanlon The Opportunity: A practical and hard-headed
£18.99
Springer Publishing Co Inc Penners Economics and Financial Management for
Book Synopsis
£71.09
