Business, Finance & Law Books

Book SynopsisProfessional-level guidance on effectively trading ETFs in markets around the world The ETF Handbookis a comprehensive handbook for using Exchange Traded Funds, designed specifically for institutional investors and professional advisors seeking to improve ETF profitability. While ETFs trade like stocks, they are not stocksand the differences impact every aspect of their use. This book provides full guidance toward effectively monitoring, analyzing, and executing ETFs, including the technical details you won''t find anywhere else. You''ll learn how they work, where they fit, and who is using them, as well as the resources that exist to provide access for investors. This new second edition includes updated coverage on how business has moved from niche to mainstream, ETF performance and issuers around the world, and changes to the users of ETFs in the US. The companion website features instructional video, as well as ready-to-use spreadsheets for calculating NAV and IIV.<Table of ContentsPreface ix Acknowledgments xv Introduction xvii Part One Introduction to the ETF Market Place 1 Chapter 1 How Did We End Up Here? 5 Chapter 2 Steps for Developing an ETF 32 Chapter 3 Giving an ETF Life in the Markets 50 Part Two ETF Trading and Execution 69 Chapter 4 Trading Volumes and ETF Liquidity 71 Chapter 5 Volume ≠ Liquidity—Understanding ETF Implied Liquidity 96 Chapter 6 Execution 128 Chapter 7 Market Participants and Their Trading Strategies 155 Chapter 8 Market Structure and ETFs—Protecting Your Portfolio from Flash Crashes 181 Part Three ETF Valuation 207 Chapter 9 ETFs with Domestic Holdings 209 Chapter 10 ETFs with International Constituents 224 Chapter 11 Fixed-Income and Currency ETFs 240 Chapter 12 Leveraged, Inverse, and Commodity Products 266 Chapter 13 Structure of an ETF 281 Appendix A Bloomberg ETF Reference Guide 304 Appendix B ETF Issuers 314 Appendix C An Overview of Japanese ETF Market 316 Appendix D An Overview of European ETF Market 322 About the Author 327 Index 329

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Book SynopsisBelieving high-risk equals high-reward is holding your portfolio hostage High Returns from Low Risk proves that low-volatility, low-risk portfolios beat high-volatility portfolios hands down, and shows you how to take advantage of this paradox to dramatically improve your returns.Trade Review"This cleverly defined set of arguments poses an interesting challenge for those who remain intent on chasing higher premiums." (Investment Europe, March 2017)Table of ContentsIntroduction 1 Chapter One The Opposite of What You’re Aiming For 5 Chapter Two Mr Thrifty Enters the Stock Market 11 Chapter Three The Tortoise Beats the Hare 19 Chapter Four A Little Bit Is Enough 29 Chapter Five Ignoring the Eighth Wonder of the World 35 Chapter Six It’s All a Matter of Perspective 43 Chapter Seven The Dark Appeal of Risk 53 Chapter Eight Buy Them Cheap and Remember the Trend Is Your Friend 59 Chapter Nine All Good Things Come in Threes 67 Chapter Ten Spotting Tortoises and Hares 77 Chapter Eleven Slice and Dice, But Do It Wisely 83 Chapter Twelve Sit Back and Relax 91 Chapter Thirteen Trade Little, Be Patient 101 Chapter Fourteen The Biggest Victory of All 109 Chapter Fifteen The Golden Rule 117 Chapter Sixteen The Paradox Is Everywhere 123 Chapter Seventeen Will the Paradox Persist? 129 Chapter Eighteen Final Reflections 133 Epilogue Jan’s Perspective 137 Appendix ParadoxInvesting.com 143 Acknowledgments 145 References 147 Index 151

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Book SynopsisCreate and run a human resource analytics project with confidence For any human resource professional that wants to harness the power of analytics, this essential resource answers the questions: Where do I start? and What tools are available? Predictive Analytics for Human Resources is designed to answer these and other vital questions.Table of ContentsForeword xiii Preface xv Chapter 1 Where’s the Value? 1 Some Basics 1 What Is Analytics? 2 Two Values 4 Analytic Capabilities 4 Analytic Value Chain 6 Analytic Model 8 Typical Application 14 Training Value Measurement Model 15 Inside the Data 16 Notes 19 Chapter 2 Getting Started 21 Go-to-Market Models 22 Assessment 23 Developmental Experiences 23 Financial Connections 24 Sample Case 26 Focusing on the Purpose 26 Present-Day Needs 28 How Human Capital Analytics Is Being Used 29 Turning Data into Information 30 Three Value Paths 30 Solving a Problem 31 Essential Step 31 Prime Question 32 Case in Point 32 Preparing for an Analytics Unit 33 Ten Steps for an Analytics Unit 35 Structure and Team Building 36 Developing an Analytics Culture 37 Notes 37 Chapter 3 What You Will Need 39 Dealing with the C Level 40 Breaking Through 41 Research 41 Recruiting a Sponsor or Champion 42 Making the Sale 43 Selling Example 44 Working with Consultants and Coaches 46 Designing and Delivering Reports 48 Making an Impact 50 Process Management 50 Preparation 52 Notes 54 Chapter 4 Data Issues 55 Efficiency Measures 56 Effectiveness Measures 61 Business Outcome Measures 67 Note 69 Chapter 5 Predictive Statistics Examples 71 Begin with the End in Mind 71 Go Back to the Beginning 74 Who Owns Data, and Will They Share It? 75 What Will You Do with the Data? 77 What Form Is the Data In? 79 Is the Data Quality Sufficient? 80 Note 82 Chapter 6 Predictive Analytics in Action 83 First Step: Determine the Key Performance Indicators 83 Second Step: Analyze and Report the Data 89 Relationships, Optimization, and Predictive Analytics 96 Predictive Analytics 97 Interpreting the Results 102 Predicting the Future 111 Structural Equation Modeling 113 Notes 114 Chapter 7 Predicting the Future of Human Capital Analytics 115 What Does the Future Look Like? 116 Bringing It All Together 126 Predictive Analytics for HR in Action 126 Notes 128 Epilogue 129 Appendix: Example Measures of Efficiency, Effectiveness, and Outcomes 133 About the Authors 135 Index 137

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Book SynopsisTurn insight into profit with guru guidance toward successful algorithmic trading A Guide to Creating a Successful Algorithmic Trading Strategy provides the latest strategies from an industry guru to show you how to build your own system from the ground up.Table of ContentsAcknowledgments xi Chapter 1 A Brief Introduction: The Ground Rules 1 My Objective 2 The Ground Rules 3 The Process 3 Basic Trading Systems 6 Chapter 2 The Idea 9 Begin at the Beginning 9 The Idea Must Match Your Trading Personality 11 I Need a Fast Payout 12 Withstanding the Test of Time 13 Chapter 3 Don’t Make It Complex 15 A Word about Noise 17 Integrated Solutions versus Building Blocks 18 More Rules, Fewer Opportunities, Less Success 19 Chapter 4 Why Should I Care about “Robust” If I’m Trading Only Apple? 21 Is It Robust? 22 Another Dimension 25 But Which Parameter Value Do I Trade? 27 Multiple Time Frames 28 Is One Trend Method Better Than Another? 29 Chapter 5 Less is More 33 Volatility Cuts Both Ways 34 Bull Markets Happen When Everyone is in Denial 36 Chapter 6 If You’re a Trend Follower, Don’t Use Profit-Taking or Stops 39 The Dynamics of a Trend Strategy 42 It’s Getting Harder to Find the Trend 42 The Eurodollar Trend 43 Where Do You Place Your Stop? 45 What about Profit-Taking? 46 Entering on a Pullback 47 Which is the Best Trend-Following Method? 48 Chapter 7 Take Your Profit If You’re a Short-Term Trader 51 What’s Bad for the Trend is Good for the Short-Term Trader 53 If You Can’t Use Stops for Trend Following, Can You Use Them for Short-Term Trading? 55 There Are Always Exceptions 56 Chapter 8 Searching for the Perfect System 59 Looking at the Results 61 How Much Data and How Many Trades Are Enough? 62 So, Which Parameter Value Do I Pick? 63 Chapter 9 Equal Opportunity Trading 65 Calculating Position Size 66 Avoid Low-Priced Stocks 66 True Volatility-Adjusting Doesn’t Work for a Portfolio of Stocks 67 Risk in Futures 67 Target Risk 68 Calculate the Rate of Return for the Portfolio 69 Assigning Risk to Your Portfolio 72 Multiple Strategies Are More Important 73 Not So Easy for the Institutions 75 Too Much of a Good Thing Can Be Bad 75 Chapter 10 Testing—The Fork in the Road 79 Let the Computer Solve It for You 81 How Do You Evaluate the Results? 83 What’s Feedback? 84 Hidden Danger 86 Forgotten History 86 Use True Costs 87 Use Dirty Data 89 Back-Adjusted and Split-Adjusted Data 91 The Different Performance Measures 92 Interpreting the Ratio 92 Not Everyone Uses the Information Ratio 93 Number of Trades 94 Expectations 94 Chapter 11 Beating It into Submission 97 Fixing Losing Periods 97 Use the Average Results 99 Squeezing the Life Out of a System 101 Generalizing the Rules 105 Chapter 12 More on Futures 107 Leverage 108 Conversion Factors for Calculating Returns 109 Don’t Forget FX 110 FX Quotes 111 Real Diversification 113 The Life Cycle of a Commodity Market 115 Chapter 13 I Don’t Want No Stinkin’ Risk 117 A Clear Plan 119 Avoid Low-Priced Stocks 120 Volatility Over 100%? 121 Don’t Trade When Volatility is Very High 122 Sidestepping Price Shocks 122 Portfolio Drawdown 123 Business Risk 124 Gearing Back Up 125 Chapter 14 Picking the Best Stocks (and Futures Markets) for Your Portfolio 127 Asking Too Much 127 The Practical Solution 128 Ranking Success 130 Rotation 132 Chapter 15 Matching the Strategy to the Market 133 Noise for Stocks 134 Noise for ETFs 136 Noise for Futures 136 Chapter 16 Constructing a Trend Strategy 139 The Trend 140 Buying and Selling Rules 141 First Tests 141 Costs 143 Expectations 143 Satisfying the First Milestone 144 Profit-Taking 146 Volatility Filter 148 Combining Rules 149 Multiple Entries and Exits 150 More Markets, More Robustness 151 Stabilizing the Risk 152 Do It Yourself 153 Chapter 17 Constructing an Intraday Trading Strategy 155 The Time Frame 156 Outline 157 Deciding on the Strategy 158 Choosing a Strategy 158 Directional or Mean Reverting 159 The Basic Rules 160 The Breakout Rule 161 Profit Taking and Extreme Volatility 162 What About the Trend? 163 Chapter 18 Summary 167 Resources 169 System Development Platforms 169 Blogs 170 Periodicals 171 Perry Kaufman Websites 172 Index 173

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Book SynopsisPraise for persuasion the art of getting what you want Dave has exposed the secrets of the most powerful persuaders in the world. This book is a step-by-step guide to changing minds and deeply influencing people in person, in print, on the air, or anyplace else you need to persuade. This book makes persuasion so easy and predictable that it may be the most dangerous persuasion book ever written . . . especially if it ends up in the hands of your competition. Mike Litman, CEO, Connect To Success, Inc. and coauthor of Conversations with Millionaires Dave Lakhani tells you everything you''ve just got to know about persuasion in this book. It is written provocatively, yet clearly. And it is sure to open your mind while enriching your bank account. I highly recommend it. Fasten your seatbelt when you read it. It takes you on a thrilling ride! Jay Conrad Levinson, The Father of Guerrilla Marketing and author of the Guerrilla Marketing series of booTable of ContentsForeword by Jeffrey Gitomer ix Preface xiii Acknowledgments xxiii About the Author xxvii 1 Manipulation 1 2 Persuasion 12 3 Persona—The Invisible Persuader 16 4 Transferring Power and Credibility 38 5 Storytelling 46 6 Gurudom 65 7 Desire to Believe 83 8 Familiarity 95 9 Exclusivity and Availability 102 10 Curiosity 112 11 Relevancy 119 12 Permission Granting 125 13 The Quick Persuaders 133 14 The Persuasion Equation 145 15 Persuasive Selling 159 16 Persuasive Advertising 171 17 Persuasive Negotiating 187 18 Persuading the Masses Electronically 196 19 Mastering Persuasion—The Art of Getting What You Want 205 Persuasion Resources 213 Recommended Readings 217 Index 219

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Book SynopsisWritten in an accessible and practical style, Doing More With Less 2nd edition addresses the efficiency drive using models, tools, and ideas more commonly found in the corporate world. This fully updated edition also includes case studies from Audit Scotland, Belfast City Council, FBI, NHS, Ministry of Works (Bahrain), and many more.Trade Review'An intriguing book...Someone should give George Osborne a copy.' - Allister Heath, City A.M "This book is a great piece of work which is right for our times. It is an excellent guide for everyone involved in strategy development and delivery in the new era of financial constraints." -Robert W. Black, First Auditor General For Scotland (2000-2012) "This is an excellent reference for those in the public sector who are responsible for good performance management. As a consumer of public sector services, I will be the ultimate beneficiary of this work." -Dr David P. Norton, Co-Developer of the Balanced Scorecard; Director, Palladium Group "A highly engaging and relevant book! Marr and Creelman are genius at making managing, reporting, and reviewing performance culture-focused, relevant, and fun in these changing times." -Michelle McCusker, Head of Business Performance, NHS NW Collaborative Commercial Agency "This book not only explains what good performance management can do for you, it makes it achievable. At a time when every public sector organization is striving to be as efficient and as effective as possible, the principles within this book make it possible to adapt and to demonstrate value in even the most challenging times." -Patricia Stead, Director, Planning and Performance, Arts Council England "A 'must' for anyone trying to maintain and enhance their performance in very challenging times. This approach helps to clarify thinking, truly identify priorities, and align resources in a way that the whole organization can understand." -Gillian Porter, Head of Performance and Analysis, Durham ConstabularyTable of ContentsIntroduction 1. Both Efficient And Effective, The New Public Sector Performance Agenda 2. Balanced Scorecards, The Journey From Measurement To Strategic Performance Management 3. Using Lean Thinking To Improve Strategic Performance 4. Designing Strategy Maps To Agree Strategic Priorities 5. Agreeing High Level Strategic Outcome Targets And Key Performance Indicators 6. Selecting Strategic Initiatives: 7. Aligning Financial Management With Strategic Goals 8. Keeping Your Eyes On The Ball: Reporting And Reviewing Performance 9. Building A Culture Focused On Strategic Performance Management Conclusion And Key Strategic Performance Questions

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Book Synopsis

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Book SynopsisThis best-selling dictionary includes more than 3,800 entries covering all aspects of accounting, including financial accounting, financial reporting, management accounting, taxation, auditing, corporate finance, and accounting bodies and institutions. Its international coverage includes important terms from UK, US, Australia, India, and Asia-Pacific. Over 150 new entries have been added to this edition to reflect the very latest developments in the accounting profession, e.g. Accounting Coucil, European Financial Stability Mechanism, and General Anti-Abuse Rule. In addition, existing entries have been updated to cover the latest developments, most notably the Financial Reporting Standard Applicable in the UK and the Republic of Ireland, which sets out new rules in areas such as goodwill, hedge accounting, and fair value accounting. There is increased coverage of topics such as corporate governance, accounting ethics, accounting scandals, and major firms and professional bodies.With itTable of ContentsPreface Credits Dictionary

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Book SynopsisTraditionally economists have based their economic predictions on the assumption that humans are super-rational creatures, using the information we are given efficiently and generally making selfish decisions that work well for us as individuals. Economists also assume that we''re doing the very best we can possibly do - not only for today, but over our whole lifetimes too. But increasingly the study of behavioural economics is revealing that our lives are not that simple. Instead, our decisions are complicated by our own psychology. Each of us makes mistakes every day. We don''t always know what''s best for us and, even if we do, we might not have the self-control to deliver on our best intentions. We struggle to stay on diets, to get enough exercise and to manage our money. We misjudge risky situations. We are prone to herding: sometimes peer pressure leads us blindly to copy others around us; other times copying others helps us to learn quickly about new, unfamiliar situations. This Very Short Introduction explores the reasons why we make irrational decisions; how we decide quickly; why we make mistakes in risky situations; our tendency to procrastination; and how we are affected by social influences, personality, mood and emotions. The implications of understanding the rationale for our own financial behaviour are huge. Behavioural economics could help policy-makers to understand the people behind their policies, enabling them to design more effective policies, while at the same time we could find ourselves assaulted by increasingly savvy marketing. Michelle Baddeley concludes by looking forward, to see what the future of behavioural economics holds for us.ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.Trade ReviewBehavioural Economics is a valuable addition to Oxford University Press's Very Short Introduction series, being well-suited to an intelligent and curious reader with limited background in the area. Baddeley offers a broad range of concepts, thinkers, experiments and implications. The book made me curious: I found myself looking up more detailed explanations of key experiments as I moved across concepts and chapters. This is perhaps the biggest compliment of all. * Barton Edgerton, LSE Review of Books *Table of ContentsREFERENCES; FURTHER READING; INDEX

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Book SynopsisHow can you argue with the core principles of Lean, that you focus on what provides value to your customer and eliminate work that is not necessary (muda)? Internal auditors need to understand not only who their primary customers are, but what is valuable to them - which in most cases is assurance that the risks that matter to the achievement of objectives are properly managed. We need to communicate what they need to know and not what we want to say. This incessant focus on the customer and the efficient production of a valued product should extend to every internal audit team. How else can we ensure that we optimize the use of our limited resources to address the dynamic business and risk environment within which our organizations operate? Norman Marks, GRC Thought Leader Using lean techniques to enhance value add and reduce waste in internal auditing Lean Auditing is a practical guide to maximising value and efficiency in internalTable of ContentsForeword ix Introduction xi Part 1 Lean And Lean Auditing In Overview 1 1 Lean Auditing at AstraZeneca 3 2 A Brief History of Lean, Notable Principles and the Approach Taken by this Book 5 3 Key Lean Tools & Techniques 11 4 The Development of Lean Auditing and Its Benefits 19 5 The Wider Benefits of a Lean Audit Approach – and How to Use This Book 23 Part 2 Looking At Internal Audit Planning And Assignment Delivery 31 6 Who Are the Customers of Internal Audit? 33 7 What Really Adds Value – And What Doesn’t 45 8 The Importance of Role Clarity in Assurance and the Insights Lean Can Offer 59 9 The Audit Plan: Taking a Value Approach 77 10 Factoring in Risk Assurance in the Audit Plan 95 11 Considering the Allocation of Resources to Optimize Value Add 107 12 Assignments – Types, Scheduling and Resourcing 121 13 Using Assignment Scoping and Planning to Drive Added Value 133 14 Assignment Delivery – Managing What Really Goes On 149 15 Using Communication and Quality Standards to Maximize the Added Value from Assignments 175 16 Assignment Follow-Up and Follow On 205 Part 3 Looking At Key Underpinning Capabilities, Processes And Ways Of Working 213 17 Measuring Performance and Driving Improvements in Audit Ways of Working 215 18 Using Lean Audit Principles to Underpin Cultural Change in the Wider Organization 227 19 Leading the Audit Function 241 20 The Audit Function: Selection, Training & Development and Ways of Working 257 Part 4 FINAL REFLECTIONS 279 21 Further Thoughts about Where and How to Start the Journey Towards Lean Progressive Auditing 281 22 A Brief Look into the Future 285 Other Recommended Reading 289 Appendix – Illustrative Kano Analysis Regarding Internal Audit 291 Closing Dedication & Thanks 295 Index 297

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Book SynopsisAttract, recruit, and retain the very best with a strategic employer brand From one of the world''s leading pioneers in the employer brand discipline and author of the first book on the subject The Employer Brand, comes the long-awaited practical follow-up Employer Brand Management. Talented, motivated employees are a company''s best assets, and the techniques in this book help attract, recruit, and retain the very best. A successful employer brand reaches beyond the boardroom to establish confidence, loyalty, and enthusiasm all the way down the ladder. Employer Brand Management gives readers a personal grasp of a new approach to people management. It draws on significant advances in practices among leading companies to provide a handbook for employer brand development and implementation. With a wide range of case studies and examples, you''ll be taken step-by-step through the employer brand development process. You will find information on the latest deTrade ReviewEmployer Brand Management is a great read for any business looking to attract (and more importantly keep) the cream of the employment crop. (Entrepreneur Middle East, January 2015) "Mr Mosley's book is thought-provoking, insightful, enjoyable and quirky...a must-read for business leaders" (Financial Adviser, January 2015) If, like me, you re exploring the subject of brand management with an element of scepticism, you ll finish the book with a greater sense of respect and seriousness for the subject. (B2B Marketing, January 2015) Every chapter is loaded with understanding, know-how and evidence. It has been produced with a level of social scientific rigour that many texts either lack or simply ignore. (Employer Brand News, January 2015)Table of ContentsPreface by Simon Barrow ix 1 Introduction 1 2 Business Case 11 3 Brand Ideology 23 4 Brand Hierarchy and Adaptation 37 5 Strategy and Capability 47 6 The Perfect Employee 63 7 Diversity and Segmentation 73 8 Reputation and Attraction 81 9 Engagement and Retention 97 10 Employer Brand Positioning and Differentiation 109 11 EVP Development 123 12 Creative Development 143 13 Translation, Validation and Adaptation 157 14 Media Channels and Behaviours 167 15 Content Marketing 187 16 Communication and Content Planning 201 17 Internal Marketing and Engagement 213 18 Managing the Brand Experience 229 19 Candidate Management and On-boarding 243 20 Employer Brand Metrics 251 21 The Next 10 Years 271 Appendix 273 References 281 Acknowledgements 293 About the Author 297 Index 299

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Book SynopsisA compelling profile of an emerging Chinese competitor Chinese firms are reinventing their business models, their corporate cultures, and themselves, becoming global competitors who increasingly offer knowledge rather than cheap labour in their quest to join the ranks of the world''s best companies. This book offers a compelling profile of the most ambitious of these emerging Chinese competitors, the Haier Corporation (the world''s largest manufacturer of home appliances), and shares insights on how one organization has repeatedly reinvented its business model and corporate culture in an effort to sustain its success. Reinventing Giants provides an exclusive look within the Haier Corporation and shows how managerial accountability and responsibility have been repositioned at every level of the organization, with the core value of market-centricity, while aligning strategy on each level of management. It includes actual work reports that show this process in detTable of ContentsForeword ixAlexander Osterwalder 1. Moving a Company with the Times: What Makes Haier Unique? 1 2. The Battle field: The Home Appliance Industry in the West and China 17 3. The Story of Haier and the Evolution of Its Corporate Culture 43 4. Liberating Talent: Tapping the Entrepreneurial Spirit 81 5. Building a Corporate Culture for the Twenty-First Century 109 6. Haier as a High Performer 147 7. A True Hybrid: How to Fashion a Strategically Agile Organization 175 8. A True Disrupter: How Embracing Change Creates Value 211 Postscript: While We Were Writing . . . 227 Appendix: How ZZJYTs Work 233 Notes 249 Acknowledgments 261 The Authors 267 Index 269

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Book SynopsisPractical trading psychology insight that can be put to work today Trading Psychology 2. 0 is a comprehensive guide to applying the science of psychology to the art of trading.Table of ContentsPreface ix Introduction xiii Prelude xvii Chapter 1 Best Process #1: Adapting to Change 1 Chapter 2 Best Process #2: Building on Strengths 95 Chapter 3 Best Process #3: Cultivating Creativity 199 Chapter 4 Best Process #4: Developing and Integrating Best Practices 277 Conclusion: From Best Practices to Best Processes 411 Postscript 415 References 417 About the Author 423 Index 425

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Book SynopsisAccess to accurate, evidence-based, and clinically relevant information is essential to anyone who uses or recommends herbal products. With input from some of the most respected experts in herbal and integrative medicine, this completely revised edition of the American Herbal Products Association's Botanical Safety Handbook reviews both traditional knowledge and contemporary research on herbs to provide an authoritative resource on botanical safety. The book covers more than 500 species of herbs and provides a holistic understanding of safety through data compiled from clinical trials, pharmacological and toxicological studies, medical case reports, and historical texts. For each species, a brief safety summary is provided for quick reference, along with a detailed review of the literature. Easily understood classification systems are used to indicate the safety of each listed species and the potential for the species to interact with drugs. Enhancements to Trade Review"AHPA’s Botanical Safety Handbook is, without a doubt, an extremely valuable reference book that is highly recommended to product manufacturers, healthcare practitioners, regulatory agencies, industrial and academic researchers, and herbal product consumers."—Charles J. Knill and John F. Kennedy, Chembiotech Laboratories, in International Journal of Biological Macromolecules"Whenever there are questions or compositional uncertainties about a material, the toxicologist’s brow becomes populated with beads of perspiration. However, in the case of quantifying toxicity and making a human health risk assessment for a botanical product or component the toxicologists can get help from the American Herbal Products Association’s Botanical Safety Handbook, Second Edition (BSH).The BSH is hefty by any objective measure such as dimensions, weight and content; it will likely be judged by its users as comprehensive. BSH covers over 500 herbs within almost 1,100 pages.BSH is a valuable resource for a toxicologist to understand the arena in which he or she is practicing their profession … using BSH gives valuable background information located in one place, reducing the literature searching time for obtaining background information on a botanical.… the BSH is a necessary reference in the personal library of toxicologists that routinely conduct hazard analyses and human health risk assessments of botanicals. Those toxicologists that assess the human health risks of botanicals will find a vast amount of generic background information that will supplement their activities. In addition, toxicologists will discover clear and valuable guidance and directions for making their human health risk assessments of botanicals."—John A. Budny in the International Journal of Toxicology, 2013 32: 466"… Although this edition covers approximately the same number of herbs as the first, expanded entries quadruple the number of pages. Records for medicinal herbs include summaries and reference lists, safety and interaction classifications, name variants, and plant partes) used. Inaccurate/unsubstantiated information often appears in publications providing safety evaluations of natural products. To increase the validity of this handbook, attempts were made to identify questionable reports as well as studies lacking sufficient details about formulations used; when included, limitations of such studies are noted. … This reference work will appeal to health care professionals, members of the public, and industry personnel interested in the safety and potential interactions of herbal products. Summing Up: Highly recommended. Graduate students and above; general readers.—J. Saxton, Bastyr University, in CHOICE Magazine"I have long anticipated examining an upgraded second edition. I was pleased to find that the revised content included input from a highly qualified expert advisory council … The vastly expanded content provides safety information on more than 550 species of herbs and includes new herbs, many from the Ayurvedic tradition. … overall this book fills an essential niche by intelligently addressing specific practical issues in the broad context of botanical safety concerns. I certainly will be referring to it regularly."—Francis Brinker, ND, HerbalGram, Issue 99, 2013"Now, thanks to the recent publication of the new edition of the American Herbal Products Association’s (AHPA) Botanical Safety Handbook, no health professional needs to make an uninformed decision [on drug interactions with herbs] ever again. … The most exhaustive reference of its kind ever assembled, the AHPA Botanical Safety Handbook distills in one place hundreds of thousands of pages of scientific and medical information on herbs – the most widely employed class of health remedies in the world. Without question, the handbook answers the question, "Is it safe?" … With the AHPA Botanical Safety Handbook on hand, now every doctor, nurse, pharmacist, clinic and hospital can have readily on hand the definitive guide to recurring herbal questions."—Chris Kilham, Foxnews.com, May 8, 2013"...a very valuable reference for anyone selling, manufacturing or using medicinal herbs and perhaps will help clear the way for setting better legal and labeling standards of herbs."—American Herb Association "A basic reference text which should be on every herbalist's shelf! . . . It is very complete and includes many Chinese and Ayurvedic herbs as well. Congratulations to AHPA on an excellent and much needed text. Thank you!"—Robyn's Recommended Reading"An absolutely necessary reference book, this book gives cautions and contraindications for more than 600 plants. Don't expect fun reading-it is strictly a reference book. BUY IT!"—The Herbal Connection"The Handbook is a very readable and authoritative reference for herbal products, their usage, toxicity, and contraindications."—The Microscope"This book represents a significant revision and expansion of the first edition… [it is] a very important, extraordinarily detailed compilation of safety data on botanicals used in human health products. It will be an excellent resource for pharmacists and other healthcare professionals, academicians, researchers, regulators, consumers, and even marketers and advertisers. Every school of pharmacy, medicine, and nursing should have a copy in its library."—John H. Cardellina, II, ReevesGroup Virginia Beach, Virginia, United StatesTable of ContentsPreface to the First Edition. Preface. Acknowledgments. Editors. Expert Advisory Council. Introduction. A to Z Listing of Herbs. Appendix I: Herbal Constituent Profiles. Appendix 2: Herbal Action Profiles. Appendix 3: Herbal Interaction. Appendix 4: Safety of Botanicals in Pregnancy and Lactation. Appendix 5: Herb Listings by Classification.

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Book SynopsisLearn to design professional and effective social media profiles! Whether you're trying to attract a new employer or get new fans to notice your brand, your social media profiles need to distinguish you from the masses.Table of ContentsIntroduction 1 Part I: Getting Started with Social Media Design 5 Chapter 1: Creating a Consistent Design for All Your Social Sites 7 Chapter 2: Checking Out Design Tools 23 Chapter 3: Advanced Design Concepts 51 Part II: Creating Designs on the Top Social Sites 77 Chapter 4: Fashioning a Fantastic Facebook Profile 79 Chapter 5: Polishing Your Look on a Facebook Page 107 Chapter 6: Tweaking Your Twitter Profile 123 Chapter 7: Channeling Your Look on YouTube 151 Part III: Extending Your Social Reach 175 Chapter 8: Upscaling Your LinkedIn Profile 177 Chapter 9: Generating a Google+ Profile 193 Chapter 10: Setting Up Pinterest Boards 211 Chapter 11: Creating a Flickr Presence 229 Part IV: Integrating Your Social Networks 251 Chapter 12: Compiling a Tumblr Page 253 Chapter 13: Aggregating Profiles with a RebelMouse Page 269 Part V: The Part of Tens 295 Chapter 14: Ten Social Media Management Tools 297 Chapter 15: Ten Social Media Analytics Tools 305 Chapter 16: Ten Ways to Build Social Media Engagement 313 Index 324

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Book SynopsisDevelop your own trading system with practical guidance and expert advice In Building Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Training, award-winning trader Kevin Davey shares his secrets for developing trading systems that generate triple-digit returns.Table of ContentsAcknowledgments ix About the Author x Introduction 1 Part I A Trader’s Journey 7 Chapter 1 The Birth of a Trader 9 Chapter 2 Enough Is Enough 15 Chapter 3 World Cup Championship of Futures Trading ® Triumph 23 Chapter 4 Making the Leap—Transitioning to Full Time 33 Part II Your Trading System 41 Chapter 5 Testing and Evaluating a Trading System 43 Chapter 6 Preliminary Analysis 53 Chapter 7 Detailed Analysis 61 Chapter 8 Designing and Developing Systems 71 Part III Developing a Strategy 77 Chapter 9 Strategy Development—Goals and Objectives 79 Chapter 10 Trading Idea 83 Chapter 11 Let’s Talk about Data 93 Chapter 12 Limited Testing 103 Chapter 13 In-Depth Testing/Walk-Forward Analysis 115 Chapter 14 Monte Carlo Analysis and Incubation 129 Chapter 15 Diversification 133 Chapter 16 Position Sizing and Money Management 139 Chapter 17 Documenting the Process 147 Part IV Creating a System 153 Chapter 18 Goals, Initial and Walk-Forward Testing 155 Chapter 19 Monte Carlo Testing and Incubation 163 Part V Considerations Before Going Live 175 Chapter 20 Account and Position Sizing 177 Chapter 21 Trading Psychology 187 Chapter 22 Other Considerations before Going Live 195 Part VI Monitoring a Live Strategy 203 Chapter 23 The Ins and Outs of Monitoring a Live Strategy 205 Chapter 24 Real Time 219 Part VII Cautionary Tales 233 Chapter 25 Delusions of Grandeur 235 Conclusion 243 Appendix A Monkey Trading Example, TradeStation Easy Language Code 247 Appendix B Euro Night Strategy, TradeStation Easy Language Format 255 Appendix C Euro Day Strategy, TradeStation Easy Language Format 259 About the Companion Web Site 263 Index 265

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Book SynopsisThe real story of what it takes to risk it all and go for broke. Conventional wisdom says most startups need to be in Silicon Valley, started by young engineers around a sexy new idea, and backed by VC funding. But as Mikkel Svane reveals in Startupland, the story of founding Zendesk was anything but conventional.Trade Review“Mikkel Svane’s Startupland is a refreshingly honest and provocative account of his journey building Zendesk, complete with the hard choices, unexpected turns, and sheer terrors involved in running a startup. Svane blends practical advice with deeply personal reflections on the company, the industry, and Silicon Valley as a whole. A must-read for aspiring entrepreneurs.” —Aaron Levie, cofounder and CEO, Box “Mikkel Svane is a great founder who wrote a great book about some of the not-so-great moments throughout his entrepreneurial escapades. With honesty, humor, and humility, Startupland shows what it’s really like.” —Paddy Cosgrave, founder, the Web Summit and F.ounders “I read Startupland over one weekend. I laughed, I cried, and mostly I was so happy I was on the other side. Mikkel Svane knows what it’s like and tells it as it is. A must-read.” —Julia Hartz, cofounder and president, Eventbrite, Inc. “Startupland is a refreshingly honest and humble inside look from Mikkel Svane, a Silicon Valley outsider. Startup founders will want to keep it as a reference for whenever things aren’t going according to plan (which is all the time).” —Ben Chestnut, cofounder and CEO, MailChimp Table of ContentsForeword by Alexia Tsotsis ix Introduction: The Pursuit of Happiness 1 1 The Honeymoon 7Believing that what you’re doing is great and knowing nothing of what’s to come 2 The Salad Days 31Keeping it together when things should be falling apart 3 Going for Broke 57How to turn down money and keep your company (and your soul) 4 The Bubble Redux 69Battling circumstances beyond your control 5 The Game is Not Over 81Getting investors and getting along with your partners 6 Coming to America 97Chasing the dream—and dealing with the reality 7 Go West 115Leveraging location and upending our lives 8 Growing Up 133Going from building a product to building a company—and messing up along the way 9 Innocence Lost 151From idealist to realist, and the uncomfortable journey in between 10 Going to the Show 167Becoming a public company and remembering where we came from Epilogue 179 A Few More Thoughts 185It’s all about relationships Notes 189 Acknowledgments 191 About the Authors 193 Index 197

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Book SynopsisBuild a fixed income portfolio that will weather volatility and instability Designing a fixed income portfolio is an essential skill of any investment manager or advisor. This book outlines the critical components to successfully navigate through stable and turbulent markets, using real-life lessons from a seasoned institutional asset manager. The first section includes commentary on the changing fixed income market and overall economy, while the second section outlines the processes to navigate these ever-evolving markets including portfolio construction, the Federal Reserve, credit analysis and trade execution. Ladder Methodology is highlighted and the book discusses its pros and cons, gives examples of both well-constructed and poorly executed laddered bond portfolios and offers alternatives to traditional asset classes. Benefit from lessons learned, providing real life examples of market scenarios and trades Prepare fixed income portfolios that can Table of ContentsPreface xi Acknowledgments xiii Part One The Investing Environment 1 Chapter 1 Expect the Unexpected 3 The Model Has Changed 4 Lessons Learned 4 From Bad to Worse 5 Chapter 2 Navigating through Troubled Water 7 Debt Ceiling 8 Triple A: Lost, but Not Forgotten 8 Possible, but Not Probable, Consequences 9 Warning Signs 12 Chapter 3 Lessons Learned 15 Patterns Emerge 16 Money Markets 18 Treasury Bills, the Favored Asset Class 20 Municipals Felt the Pain as Well 25 Auction-Rate Markets Were Hit Hard 27 Chapter 4 Direction in a Sometimes Directionless Market 29 Finding Direction 30 Part Two The Fixed Income Investor 35 Chapter 5 Define the End Investor 37 Risk 40 Risk-Averse Investor 42 A Problematic Trade? 43 Risk-Taking Investor 44 Define Your Strategy 45 Active Strategy 47 Chapter 6 Portfolio Construction 49 Factor 1: Defining Your Risk 50 Factor 2: Aligning Goals 51 Conservative Strategy 54 Moderate Strategy 56 More Aggressive Strategy 56 Factor 3: Portfolio Analysis 59 Reduction of Credit Risk 62 Government Securities 64 Risks to Consider 65 Bottom Line 69 Chapter 7 Asset Allocation 71 The Road Map 72 Going Global 76 Chapter 8 The Federal Reserve and Central Banks 81 Hawks and Doves 82 The Fed Funds Rate 82 A Short-Term Fixed Income Investor 83 Hooked on Accommodation 83 Deposits with Central Banks 84 What about the United States? 86 FOMC: Look for Clues from the Fed Statement 88 What to Look For from the Fed Clues? 88 FOMC Statement: August 2011 89 QE or Not QE 92 Calming Statements for Investors 93 Chapter 9 The Economy and the Markets 95 The Payroll Picture: The Backbone to the Economy 97 Bureau of Labor Statistics Website 97 Inflation: A Fixed Income Investor’s Enemy 103 Consumption: America’s Fuel 109 The Federal Chairman: The Wizard Himself 110 Chapter 10 The Yield Curve 111 The Spread 115 The Money Market Arena 116 The Direction of Rates 118 A Steep Yield Curve 119 A Flat Yield Curve 120 An Inverted Yield Curve 121 Listen to the Curve 123 Chapter 11 The Ladder and Why You Need One 125 How It Works 126 The Concept 126 The Goal 129 The Long End Poses Challenges 131 The Front End Is Technical 133 Varieties of Short-Term Strategies 133 The Sweet Spot 134 Liquidity 134 Consistent Coupons 137 Why Is Supply Important? 138 Performance and How to Measure It 140 Low-Turnover Dilemma 141 Success of a Strategy 142 Chapter 12 Alternatives to a Traditional Ladder Strategy 145 TIPS: The Other Treasury 147 Break-Even Opportunity 148 Consider MBS Pools of Mortgages 150 Consider Corporate Bonds 151 Floating-Rate Notes 153 What Is LIBOR? 154 A Deeper Look at LIBOR 154 The Bottoming Process 156 Chapter 13 Credit Analysis 159 The Agency 159 Credit Analysis: Necessary, Not Optional 160 Credit for a Passive Strategy 161 After the Initial Approval 163 Not All Bonds Are Equal 164 Stay Ahead of the Herd 166 Chapter 14 The Four Pillars of Trade Execution 169 The First Pillar: Executed Price 171 The Second Pillar: Dealer Inquiries 173 The Third Pillar: Liquidity 174 The Fourth Pillar: Ease of Transaction 174 Chapter 15 There Are No Roadblocks, Just Detours 177 Know What You Own 177 Banking Sector 178 Go with Your Gut! 179 Don’t Take It Personally 181 Trapped in Purgatory 182 Index 185

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Book SynopsisEXPERT, DEPENDABLE FOREX COACHINGUPDATED TO KEEP YOU AHEAD IN AN EVOLVING MARKET The Forex Trading Courseis the systematic guide aspiring traders need to enter the market with the confidence and skills necessary to generate wealth. Masterfully written so both basic and complex concepts are readily accessible, this all-inclusive training tool outlines a practical course of action to develop strategies integrating fundamental and technical analysis. It also demonstrates how to identify high-probability patterns and trades, adjust your trading plan for different account sizes, use emotional intelligence to improve trading performance, and much more. Thissecond editionis fully revised to address: Changes brought about by quantitative easing and central bank interventionincluding greater spikes and disruptions in the forex and the influence of global growth and inflation on the market Using binary options with forex trades to make accurate predictions oTable of ContentsPreface vii About the Author ix PART 1 What Drives the Forex Market? 1 CHAPTER 1 The Fundamentals of Forex 3 CHAPTER 2 The Role of Inflation, Reflation, and Deflation 17 CHAPTER 3 Exploiting Information about Economic Growth 23 CHAPTER 4 The China Factor 35 CHAPTER 5 The Commodities Connection: Gold, Copper, Commodity Index, Equities, and Forex 43 CHAPTER 6 How Business Confidence and Consumer Sentiment Affect the Market 51 CHAPTER 7 Fundamental Personalities of Currencies 53 CHAPTER 8 The Personality and Performance of the US Dollar 71 CHAPTER 9 Conducting Your Own Fundamental Analysis 77 PART II Timing the Trade with Technical Analysis 85 CHAPTER 10 Mapping Price Action 87 CHAPTER 11 Finding Significant Support and Resistance 97 CHAPTER 12 Volatility in Forex and Its Dimensions 113 CHAPTER 13 Chart Formations and Price Patterns You Should Know 139 CHAPTER 14 Trading Styles and Strategies 149 CHAPTER 15 Stops, Limits, and Tactics for Risk Control 167 PART III Putting It Together 177 CHAPTER 16 Transitioning to Real Trading 179 CHAPTER 17 Strategies and Challenges for Different Account Sizes 183 CHAPTER 18 Paths to Success in Forex Trading 199 CHAPTER 19 Test Your Forex IQ 207 CHAPTER 20 Trading Bitcoin 213 Index 225

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Book SynopsisRisk analysis has become critical to modern financial planning Financial Forecasting, Analysis and Modelling provides a complete framework of long-term financial forecasts in a practical and accessible way, helping finance professionals include uncertainty in their planning and budgeting process. With thorough coverage of financial statement simulation models and clear, concise implementation instruction, this book guides readers step-by-step through the entire projection plan development process. Readers learn the tools, techniques, and special considerations that increase accuracy and smooth the workflow, and develop a more robust analysis process that improves financial strategy. The companion website provides a complete operational model that can be customised to develop financial projections or a range of other key financial measures, giving readers an immediately-applicable tool to facilitate effective decision-making. In the aftermath of the recent finanTable of ContentsPreface xi Acknowledgments xiii About the Author xv Part one Developing Corporate Finance Models 1 Chapter 1 Introduction 3 1.1 What is Financial Modelling? 3 1.2 Defining the Inputs and the Outputs of a Simple Financial Model 6 1.3 The Financial Modelling Process of More Complex Models 9 1.3.1 Step 1: Defining the Problem the Model Will Solve: The Fundamental Business Question 9 1.3.2 Step 2: Specification of the Model 10 1.3.3 Step 3: Designing and Building the Model 11 1.3.4 Step 4: Checking the Model’s Output 13 1.4 Excel as a Tool of Modelling: Capabilities and Limitations 13 Chapter 2 A Short Primer in the Accounting of Financial Statements 17 2.1 The Accounting Equation 17 2.2 The Balance Sheet 20 2.3 The Income Statement 23 2.3.1 Cash Accounting Versus Accrual Accounting 26 2.4 The Cash Flow Statement 26 2.4.1 Operating Activities 27 2.4.2 Investing Activities 27 2.4.3 Financing Activities 27 2.4.4 Income Flows and Cash Flows 27 2.4.5 Preparing the Statement of Cash Flows 28 2.5 The Articulation of Income Statement, Balance Sheet, and Cash Flow Statements 29 2.6 Financial Statement Analysis: Ratio Analysis 32 2.6.1 Profitability Ratios 35 2.6.2 Liquidity Ratios 37 2.6.3 Solvency Ratios 38 2.6.4 Other Ratios 39 2.6.5 The Limitations of Financial Ratios 40 Chapter 3 Financial Statement Modelling 43 3.1 Introduction – How Financial Models Work 43 3.2 Collecting and Analyzing Historical Data 47 3.3 Selecting the Key Forecast Drivers 53 3.4 Modelling the Income Statement 59 3.5 Modelling the Balance Sheet 63 3.6 Modelling Interest and Circular References 66 3.7 Modelling the Cash Flow Statement 69 Chapter 4 Forecasting Performance 75 4.1 Introduction: Designing a Dashboard-like Control Panel 75 4.2 Basic Statistical Methods Used for Forecasting 88 4.3 Forecasting Sales 93 4.3.1 Bottom-up Versus Top-down Forecasting 97 4.3.2 Forecasting Sales of Existing Products or Services 97 4.4 Forecasting Costs 99 4.5 Forecasting CAPEX and Depreciation 103 4.5.1 Forecasting CAPEX and Depreciation for Existing Companies 108 4.6 Forecasting Working Capital and Funding Needs 110 4.6.1 Forecasting Funding Needs 113 Chapter 5 Business Valuation 115 5.1 Valuation Approaches 115 5.2 Steps for Applying the DCF Method 120 5.3 Rewriting Financial Statements – Calculation of Free Cash Flows 121 5.4 Calculating the Weighted Average Cost of Capital 124 5.4.1 Calculating the Weighted Average Cost of Capital of SteelCo 128 5.5 Estimating the Terminal Value 131 5.6 DCF Summary – Enterprise Value Adjustments 132 Part two Planning for Uncertainty 137 Chapter 6 Using Sensitivity Analysis 139 6.1 Introduction 139 6.2 One-Dimensional and 2-Dimensional Sensitivity Analysis 140 6.3 Choosing the Variables to Change 145 6.4 Modelling Example 149 6.4.1 Selecting the Variables to Change 149 6.4.2 Assigning a Range of Values 149 6.4.3 Constructing the 2-dimensional Sensitivity Analysis Table 151 6.4.4 Interpreting the Results 153 Chapter 7 Using Scenarios 157 7.1 Introduction 157 7.2 Using Scenario Analysis with Excel’s Scenario Manager 158 7.2.1 Adding 2 More Scenarios 159 7.3 Alternative Ways to Create Scenarios in Excel 163 7.4 Applying Scenarios to SteelCo’s Case 167 7.4.1 Deciding on the Number of Scenarios and Input Variables under each Scenario 167 7.4.2 Deciding on the Output Variables 168 7.4.3 Assigning Values to the Input Variables under Each Scenario 170 7.4.4 Building the Scenarios in Excel’s Scenario Manager 173 7.4.5 Interpreting the Results 176 Chapter 8 Using Monte Carlo Simulation 179 8.1 Introduction 179 8.2 Building Uncertainty Directly Into the Modelling Process 180 8.3 Probabilities, Cumulative Probabilities, and Frequency Distribution Charts 182 8.4 Modelling Example 187 8.4.1 Identifying the Key Risk Variables 188 8.4.2 Choosing a Probability Distribution for Each Input Variable 188 8.4.3 Performing the Simulation Runs 190 8.4.3.1 The Simple VBA CODE 192 8.4.4 Creating a Histogram (Frequency Distribution Chart) in Excel 195 8.4.5 Interpreting the Results 200 8.4.6 Some Issues of Concern 201 Appendix 203 1. Walking through the Excel Model Provided with the Book (SteelCo SA 4yr Business Plan) 203 Introduction 203 Structure of the Model 204 2. Other Excel Files Provided with the Book 205 Index 207

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Book SynopsisThis revised and updated fifth edition of Accounting for Managers builds on the international success of the previous editions in explaining how accounting is used by non-financial managers. Emphasizing the interpretation as opposed to the construction of accounting information, Accounting for Managers encourages a critical rather than unthinking acceptance of accounting techniques. Whilst accounting information is immensely valuable for planning, decision making and control, users need to recognize the assumptions behind, and the limitations of, particular accounting techniques. As in the previous editions, Accounting for Managers combines theory with practical examples and contemporary case studies drawn from real business situations across a wide range of manufacturing, retail and service industries. Accounting for Managers is an ideal companion for postgraduate and undergraduate students, as well as non-financial managers in execuTable of ContentsPreface to the Fifth Edition xiii About the Author xvii Acknowledgements xix Part I Context of Accounting 1 1 Introduction to Accounting 3 Accounting, accountability, and the account 3 A short history of accounting 5 Introducing the functions of accounting 7 The role of financial accounting 7 The role of management accounting 8 Recent developments in accounting 10 The relationship between financial accounting and management accounting 12 A critical perspective 14 Conclusion 16 References 16 Questions 17 2 Accounting and its Relationship to Shareholder Value and Corporate Governance 19 Capital and product markets 19 Shareholder value‐based management 21 Shareholder value, strategy, and accounting 23 Company regulation and corporate governance 25 Risk management, internal control, and accounting 28 A critical perspective 29 Conclusion 30 References 30 Questions 31 3 Recording Financial Transactions and the Principles of Accounting 33 Business events, transactions, and the accounting system 33 The double entry: recording transactions 35 Extracting financial information from the accounting system 38 Basic principles of accounting 42 Cost terms and concepts: the limitations of financial accounting 45 Conclusion 47 References 47 Questions 47 4 Management Control, Accounting, and its Rational‐Economic Assumptions 51 Management control systems 51 Planning and control in organizations 54 Non‐financial performance measurement 58 A theoretical framework for accounting 64 Conclusion 65 References 65 Websites 67 Questions 67 5 Interpretive and Critical Perspectives on Accounting and Decision Making 69 Research and theory in management control and accounting 70 Alternative paradigms 73 The interpretive paradigm and the social construction perspective 75 Culture, control, and accounting 77 The radical paradigm and critical accounting 78 Power and accounting 80 Creative accounting, ethics, and accounting 84 Conclusion 90 References 91 Questions 93 Part II The Use of Financial Statements for Decision Making 95 6 Constructing Financial Statements: IFRS and the Framework of Accounting 97 International Financial Reporting Standards (IFRS) 98 Framework for the Preparation and Presentation of Financial Statements 100 True and fair view 103 Reporting profitability: the Income Statement and Statement of Comprehensive Income 104 Reporting financial position: the Balance Sheet or Statement of Financial Position 107 The matching principle and accruals accounting 109 Depreciation 111 Specific IFRS accounting treatments 112 Reporting cash flow: the Statement of Cash Flows 116 Differences between the financial statements 118 A theoretical perspective on financial statements 120 A critical perspective on financial statements and accounting standards 121 Conclusion 122 Reference 122 Websites 122 Appendix to Chapter 6: List of IFRS and FRS 123 Questions 125 7 Interpreting Financial Statements 129 Annual Reports 129 The context of financial statements 131 Ratio analysis 132 Profitability 133 Liquidity 135 Gearing 135 Activity/efficiency 136 Working capital 137 Managing receivables 138 Managing inventory 138 Managing payables 139 Managing working capital 139 Shareholder return 140 The relationship between financial ratios 141 Interpreting financial statements using ratios 143 Using the Statement of Cash Flows 145 Limitations of ratio analysis 152 A wider view on corporate reporting 156 Intellectual capital 157 Institutional theory 158 Corporate social and environmental responsibility 158 Applying different perspectives to financial statements 161 Conclusion 162 References 163 Questions 163 8 Accounting for Inventory 171 Introduction to inventory 171 Methods of costing inventory in manufacturing 175 Management accounting statements 180 Conclusion 181 Questions 182 Part III Using Accounting Information for Decision Making, Planning, and Control 185 9 Accounting and Information Systems 187 Introduction to accounting and information systems 187 Methods of data collection 188 Big data 190 Types of information system 190 Business processes 192 Information systems design and controls 194 Conclusion 196 References 196 Questions 196 10 Marketing Decisions 197 Marketing strategy 197 Cost behaviour 199 Cost–volume–profit analysis 201 Alternative approaches to pricing 208 Segmental profitability 212 Customer profitability analysis 216 Conclusion 219 References 219 Questions 220 11 Operating Decisions 223 The operations function 223 Managing operations – manufacturing 225 Managing operations – services 227 Accounting for the cost of spare capacity 228 Capacity utilization and product mix 229 Theory of Constraints 231 Operating decisions: relevant costs 232 Supply chain management, total cost of ownership, and supplier cost analysis 237 The cost of quality 239 Environmental cost management 241 Conclusion 246 References 247 Questions 247 12 Human Resource Decisions 251 Human resources and accounting 251 The cost of labour 252 Relevant cost of labour 255 Conclusion 261 References 262 Questions 262 13 Overhead Allocation Decisions 267 Cost classification 267 The overhead allocation problem 271 Shifts in management accounting thinking 272 Alternative methods of overhead allocation 273 Differences between absorption and activity‐based costing 282 Contingency theory 285 International comparisons 286 Behavioural implications of management accounting 287 Conclusion 290 References 291 Questions 292 14 Strategic Investment Decisions 297 Strategy 297 Capital expenditure evaluation 298 Accounting rate of return 301 Payback 304 Discounted cash flow 304 Comparison of techniques 307 Conclusion 311 References 311 Appendix to Chapter 14: Present value factors 311 Questions 313 15 Performance Evaluation of Business Units 317 Structure of business organizations 317 The decentralized organization and divisional performance measurement 320 Controllability 323 Comparison of methods 326 Transfer pricing 327 Transaction cost economics 329 Conclusion: a critical perspective 330 References 331 Questions 332 16 Budgeting 335 What is budgeting? 335 The budgeting process 336 The profit budget 339 Cash forecasting 345 A behavioural perspective on budgeting 349 A critical perspective: beyond budgeting? 350 Conclusion 354 References 354 Questions 354 17 Budgetary Control 359 What is budgetary control? 359 Variance analysis 361 Flexible budgets and sales variances 362 Flexible budgets and cost variances 363 Interpreting variances 365 Criticism of variance analysis 366 Applying different perspectives to management accounting 368 Conclusion 368 References 369 Questions 369 18 Strategic Management Accounting 371 Trends in management accounting 371 Strategic management accounting 372 Accounting techniques to support strategic management accounting 374 Lean production, lean accounting, and backflush costing 381 Conclusion 384 References 384 Further reading 385 Questions 386 Part IV Supporting Information 387 Readings 389 Reading 1 Cooper and Kaplan (1988). How cost accounting distorts product costs 390 Reading 2 Dent (1991). Accounting and organizational cultures: a field study of the emergence of a new organizational reality 403 Glossary of Accounting Terms 435 Solutions to Questions 449 Index 509

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Book SynopsisAccounting and finance are key aspects of business. All those who work for, or deal with, businesses need to understand these subjects. Essentially, understanding accounting and finance is a prerequisite for understanding business.Table of ContentsAbout the Author xv About the Book xvii Acknowledgements xxiii 1 Introduction to Accounting and Finance 1 Introduction 2 Nature of Accounting and Finance 2 Importance of Accounting and Finance 4 Financial Accounting and Management Accounting 5 Users of Accounts 7 Accounting Context 9 Types of Accountancy 13 Types of Accountant 18 Limitations of Accounting 21 Conclusion 21 Discussion Questions 23 Section A: Financial Accounting: The Techniques 25 2 The Accounting Background 27 Introduction 28 Financial Accounting 28 Language of Accounting 30 The Process of Accounting 38 The Accounting Equation 38 Student Example 44 Why is Financial Accounting Important? 48 Accounting Principles 49 Accounting Conventions 49 Conclusion 51 Discussion Questions 52 Numerical Questions 53 Appendix 2.1: Illustration of a Consolidated Income Statement for Marks & Spencer plc 2010 55 Appendix 2.2: Illustration of a Consolidated Statement of Financial Position for Marks and Spencer plc 2010 57 Appendix 2.3: Illustration of a Consolidated Statement of Cash Flows for Marks and Spencer plc 2010 59 Appendix 2.4: Illustration of a Consolidated Income Statement for Volkswagen 2009 61 Appendix 2.5: Illustration of a Consolidated Balance Sheet (Statement of Financial Position) for Volkswagen 2009 62 Appendix 2.6: Illustration of a Consolidated Cash Flow Statement (Statement of Cash Flows) for Volkswagen 2009 64 3 Main Financial Statements: The Income Statement (Profit and Loss Account) 66 Introduction 67 Context 67 Definitions 69 Layout 71 Main Components 72 Profit 79 Listed Companies 82 Capital and Revenue Expenditure 82 Limitations 83 Interpretation 83 Conclusion 83 Discussion Questions 84 Numerical Questions 84 4 Main Financial Statements: The Statement of Financial Position (Balance Sheet) 86 Introduction 87 Context 88 Definitions 89 Layout 90 Main Components 91 Limitations 103 Interpretation 104 Listed Companies 105 Conclusion 105 Discussion Questions 106 Numerical Questions 107 Appendix 4.1: Horizontal Format of Statement of Financial Position 108 5 Preparing the Financial Statements 109 Introduction 110 Main Financial Statements 110 Trial Balance to the Income Statement (Profit and Loss Account) and the Statement of Financial Position (Balance Sheet) 112 Adjustments to Trial Balance 116 Comprehensive Example 124 Conclusion 128 Discussion Questions 128 Numerical Questions 129 6 Partnerships and Limited Companies 141 Introduction 142 Context 143 Partnerships 144 Limited Companies 150 Distinctive Accounting Features of Limited Companies 154 Accounting Treatment for Limited Companies 163 Limited Company Example: Stevens, Turner Ltd 165 Limited Companies: Published Accounts 170 Conclusion 175 Discussion Questions 176 Numerical Questions 177 Appendix 6.1: Example of an Income Statement (Profit and Loss Account) Using UK GAAP (Manchester United Ltd) 187 Appendix 6.2: Example of a Statement of Financial Position (Balance Sheet) Using UK GAAP (Manchester United Ltd) 188 7 Main Financial Statements: The Statement of Cash Flows 190 Introduction 191 Importance of Cash 192 Context 194 Cash and the Bank Account 194 Relationship between Cash and Profi t 198 Preparation of Statement of Cash Flows 200 Conclusion 214 Discussion Questions 214 Numerical Questions 215 Appendix 7.1: Main Headings for the Cash Flow Statement (Statement of Cash Flows) for Sole Traders, Partnerships and some Non-Listed Companies under UK GAAP 222 Appendix 7.2: Preparation of a Sole Trader’s Cash Flow Statement Using the Direct Method Using UK Format 223 Appendix 7.3: Preparation of the Cash Flow Statement of Any Company Ltd Using the Indirect Method Using UK GAAP 224 Appendix 7.4: Example of Statement of Cash Flows (Cash Flow Statement) Using UK GAAP (Manchester United Ltd) 227 8 Interpretation of Accounts 229 Introduction 230 Context 230 Overview 231 Importance of Ratios 233 Closer Look at Main Ratios 234 Worked Example 246 Report Format 254 Holistic View of Ratios 256 Performance Indicators 257 Limitations 258 Conclusion 259 Discussion Questions 260 Numerical Questions 261 Appendix 8.1: John Brown Plc 270 Appendix 8.2: The Cash Flow Ratio Using UK GAAP 272 Section B: Financial Accounting: The Context 273 9 Regulatory and Conceptual Frameworks 275 Introduction 276 Traditional Corporate Model: Directors, Auditors and Shareholders 277 Regulatory Framework 282 Regulatory Framework in the UK 288 Corporate Governance 293 Conceptual Framework 298 Conclusion 306 Selected Reading 306 Discussion Questions 308 10 Measurement Systems 309 Introduction 310 Overview 310 Measurement Systems 313 Deficiencies of Historical Cost Accounting 315 Illustrative Example of Different Measurement Systems 315 Real Life 318 Conclusion 319 Selected Reading 319 Discussion Questions 320 11 The Annual Report 321 Introduction 322 Definition 322 Context 323 Multiple Roles 324 Main Contents of the Annual Report 329 Presentation 348 Group Accounts 350 Impression Management 352 Conclusion 355 Selected Reading 356 Discussion Questions 357 Section C: Management Accounting 359 12 Introduction to Management Accounting and Finance 361 Introduction 362 Context 363 Relationship with Financial Accounting 364 Relationship between Management Accounting and Finance 366 Overview 366 Cost Minimisation and Revenue Maximisation 374 Use of Computers and Impact of Digital Technology 375 Art not a Science 376 Changing Nature of Management Accounting 377 Conclusion 377 Selected Reading 377 Discussion Questions 379 13 Costing 380 Introduction 381 Importance of Cost Accounting 382 Types of Cost 383 Traditional Costing 387 Activity-Based Costing 393 Costing for Inventory Valuation 397 Different Costing Methods for Different Industries 401 Target Costing 405 Cost-Cutting 405 Conclusion 406 Discussion Questions 407 Numerical Questions 407 14 Planning, Control and Performance: Budgeting 413 Introduction 414 Management Accounting Control Systems 414 Nature of Budgeting 415 Cash Budget 419 Other Budgets 420 Manufacturing Budgets 423 Comprehensive Budgeting Example 426 Behavioural Aspects of Budgeting 431 Responsibility Accounting 435 Conclusion 437 Discussion Questions 437 Numerical Questions 438 15 Planning, Control and Performance: Standard Costing 443 Introduction 444 Nature of Standard Costing 445 Standard Cost Variances 446 Interpretation of Variances 455 Conclusion 456 Discussion Questions 457 Numerical Questions 458 16 Short-Term Decision Making 462 Introduction 463 Decision Making 463 Contribution Analysis 465 Decisions, Decisions 469 Throughput Accounting 475 Break-Even Analysis 477 Contribution Graph 481 Conclusion 483 Discussion Questions 484 Numerical Questions 484 Section D: Business Finance 489 17 Long-Term Decision Making: Capital Investment Appraisal 491 Introduction 492 Nature of Capital Investment 492 Capital Investment Appraisal Techniques 496 Payback Period 498 Accounting Rate of Return 500 Net Present Value 504 Profitability Index 507 Internal Rate of Return (IRR) 507 Other Factors 512 Conclusion 512 Discussion Questions 513 Numerical Questions 514 Appendix 17.1: Present Value of £1 at Compound Interest Rate (1 + r) 517 18 The Sources of Finance 518 Introduction 519 Nature of Sources of Finance 519 Long-Term Financing 521 Structure of the Business 534 Cost of Capital 534 Conclusion 537 Discussion Questions 538 Numerical Questions 539 19 The Management of Working Capital 540 Introduction 541 Working Capital 541 Short-Term Financing 544 Conclusion 556 Discussion Questions 556 Numerical Questions 557 Glossary of Key Accounting and Finance Terms 559 Appendix: Answers 591 Index 645

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Book SynopsisBe a more effective leader with strategic thinking Leading with Strategic Thinking reveals what effective leaders do differently. Eschewing the one-size-fits-all leadership model, this helpful guide outlines four general leadership types and demonstrates how each type achieves success whether through personal vision, structured process, collaboration, or by empowering others. The authors identify the actions and skills that distinguish strategic leadership, drawn from interviews and focus groups with over three hundred leaders from around the world. Examples and case studies illustrate these concepts in action, and the provided reference materials steer readers toward more advanced information on this important topic. The disruptive forces of technology and globalization raise new challenges for leaders. This book is a manual that will help executives and aspiring leaders harness these forces and address the two central questions of strategic leadership:Trade Review“Leading with strategic thinking is a fantastic place to start if you have an interest in bettering the way you behave and think (and strategise) as a leader, if you are looking for inspiration for bringing psychological or behavioural ideas to your business, or simply if you’re keen to understand more about yourself and where your actions might take you” (B2B Marketing, February 2016)Table of ContentsForeword xiKristi Savacool Preface xv Introduction xxi Issues and Considerations xxi Fundamental Questions xxv Chapter 1 Fundamentals of Strategic Thinking and Leadership 1 The Nature of Strategic Thinking 1 The Art of Leadership 22 Chapter 2 The Four Types of Strategic Leadership 47 The Visionary Type: Driving Strategy through Personal Insight 55 The Directive Type: Driving Strategy through Structure and Process 71 The Incubating Type: Driving Strategy through Empowering Others 84 The Collaborative Type: Driving Strategy through Cocreation 99 Chapter 3 Examples of Strategic Leadership 117 Indiegogo 118 P&G’s Latin American Merger with Gillette 130 Design for America 141 Google Takeout 149 Chapter 4 Applying Strategic Leadership 159 Gaining Strategic Insight 160 Driving Strategic Change 164 Todd Connor and the Bunker 168 Chapter 5 Garnering Buy-in, Commitment, and Advocacy 179 Winning the Hearts of Your Followers 181 The YMCA of the USA 184 Engaging the Minds of Your Followers 192 The United States Coast Guard 193 Leveraging the Hands of Your Followers 201 The Heartland Angels 203 Chapter 6 Developing Strategic Leadership 211 Competencies of the Strategic Leader 213 Organization and Individual Development 237 GE’s Crotonville 242 In Closing 247 Resources 249 Firming Up and Rounding Out Your Skills and Abilities 249 Notes 261 References 271 About the Authors 279 Index 28

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Book SynopsisLearn to get what you want without burning bridges In this revised and updated edition of the renowned classic The Power of Nice, negotiations expert, sports agent, New York Times bestselling author, attorney, business leader and educator, Ron Shapiro, shares the key principles of effective negotiation through a combination of a time-tested process, anecdotes, and exercises. Drawing on his unparalleled experiences from the worlds of sports, law, business and politics, as well as dealing with life issues common to us all, Shapiro takes you through the steps of his systematic approach: The Three Ps, Prepare-Probe-Propose. Learn how to use the process to empower you in negotiations. Regardless of your level of experience or the extent of your confidence, you will get what you want while building stronger relationships for the future. This updated edition contains: Significant new material including an expanded view of its applicability to a broaTable of ContentsForeword to the Revised Edition by Ambassador Charlene Barshefsky xi Foreword to the First Edition by Cal Ripken, Jr. xiv Acknowledgments xvi Introduction: Why Change What Works? 2 1 Negotiation 5 “I’ll Burn That Bridge When I Come to It” 5 Your First Deal 7 What Negotiation Isn’t 11 Filling the Negotiator’s Toolbox 18 What Negotiation Is 19 What Negotiation Can Be 23 Refresher 26 2 I Win–You Lose Negotiation—An Exercise in Flawed Logic 29 Enemies and Entrenched Positions 29 Hit and Run 32 I’m Not One of Them, Am I? 35 At Least One Dissatisfied Party 43 Refresher 45 3 WIN–win Negotiation 47 Myth and Reality 47 Achieving WIN–win 49 Good Deals Echo, They Lead to More Deals 51 WIN–win Is Not Wimp–Wimp 52 Roadblocks, Minefields, and Wisdom 55 Putting It Together 57 Refresher 64 4 The Three Ps—A Systematic Approach 67 Prepare, Probe, and Propose 70 Refresher 79 5 Prepare… or Else 81 Preparation: The Aerobics of Negotiation 81 How Prepared Are You for Your Negotiations? 82 The Numbers and Letters Game 83 The Numbers and Letters Game Continued… 84 How to Prepare (and How Not To) 87 The Preparation Checklist 89 A Case Study: The Sur-Real Sales Challenge 97 Confidence Is the Secret Weapon (But the Real Secret Is That Preparation Is the Key to Confidence) 104 Sources of Information 105 Refresher 110 6 Probe, Probe, Probe 113 The Other Side Is Trying to Tell You How to Make the Deal 113 W.H.A.T.? The Probing Technique 120 The Don’ts—How Not to Probe 126 Listening 128 The Zoologist 133 Learning to Listen 135 Refresher 138 7 Propose–But Not Too Fast—Getting the Other Side to Go First 141 Role Playing 141 Proposing for Real 146 The Three Rules Behind Propose 149 Making Counterproposals 153 Refresher 158 8 Difficult Negotiators 161 … And the Award for Most Difficult Negotiator Goes to … 162 Dealing with the Difficult Negotiator (without Becoming One) 166 Emotional Tactics—Nonemotional Responses 170 Challenging Personalities 173 Refresher 177 9 Negotiating from Weakness 179 Perceived Weakness versus Real Weakness 179 Expand the Goals 181 Locate Allies 182 Never Let Them See You Sweat 185 Brainstorming 187 Refresher 192 10 Unlocking Deadlocks 195 If Nothing Works, Change Something 195 Find Reasons to Agree 200 Get Creative 200 Objective Mechanisms 205 Sometimes No Deal Is the Best Deal 209 If Deal Fever Persists, Keep Saying “No” 209 Refresher 216 11 Building Relationships 219 Today versus Tomorrow: How Long Is the Long Run? 219 A Relationship Tool: Bonding 221 The Meet-and-Bond Style 222 Rebonding 225 No Faux Bonding 227 Practice Makes Bonding 228 The Value of Relationships 231 Refresher 234 12 Putting It All Together 237 The Major League Baseball Owners versus the Major League Umpires (and the Major League Umpires versus Themselves) 237 Refresher 244 Epilogue: Nelson Mandela—When the Power of Nice Changed a Nation 247 Reinforcement Tools Link 251 Post-Negotiation Assessment Questionnaire 253 Negotiator’s Toolbox 255 Index 257

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Book SynopsisRisk runs through the fabric of any project. It is so intimately bound up in forecasting and decision making that it cannot be isolated or handled separately from other project management activities. Success can only be achieved if risk management is integrated closely with project management. Over the past decade, developments in risk management methods and standards have addressed the need to manage risk in a project in an integrated manner. This is a more natural way of working than past practices have been. It has beneficial effects on the practice of risk management and the way it is implemented in projects. This new edition of Project Risk Management Guidelineshas beenfully updated to include the new international standards that embody this principle, ISO 31000 Risk management and IEC 62198 Managing risk in projects. The book explains the standards and how they can be applied. It provides a clear introduction to basic project risk management,Table of ContentsAbout the Authors vii Foreword to the Second Edition xi Preface xiii Acknowledgements xv Introduction to Project Risk Management xvii Part I Project Risk Management: Principles and Framework 1 Chapter 1 Principles of Effective Project Risk Management 3 Chapter 2 Project Phases and Approval Decisions 9 Chapter 3 Framework for Managing Risk in Projects 23 Part II The Project Risk Management Process 33 Chapter 4 The Approach to Managing Risk in Projects 35 Chapter 5 Communication and Consultation 41 Chapter 6 Establish the Context 49 Chapter 7 Risk Identification 69 Chapter 8 Qualitative Risk Analysis and Risk Evaluation 77 Chapter 9 Semi-Quantitative Risk Assessment for Systems and Sub-Systems 95 Chapter 10 Risk Treatment 105 Chapter 11 Monitoring and Review 117 Chapter 12 Recording and Reporting 123 Chapter 13 Managing Opportunities 129 Chapter 14 Simplifying the Process 141 Part III Quantitative Risk Analysis for Projects 151 Chapter 15 Introduction to Quantification for Project Risks 153 Chapter 16 Cost Risk Assessment 173 Chapter 17 Schedule Risk Analysis 197 Chapter 18 Investment Evaluation for Large Projects 219 Chapter 19 Risk Analysis and Economic Appraisal 241 Part IV Extending the Process 251 Chapter 20 Contracts and Risk Allocation 253 Chapter 21 Case Study: Tender Evaluation 265 Chapter 22 Market Testing and Outsourcing 271 Chapter 23 Public–Private Partnerships and Private Financing 283 Chapter 24 Technical Tools and Techniques 303 Chapter 25 Managing Environment-Related Risks 323 Chapter 26 Climate Change 345 Part V Additional Information and Supporting Material 351 Chapter 27 Other Approaches to Project Risk Management 353 Chapter 28 Risk Management Process Checklist 361 Chapter 29 Worksheets and Evaluation Tables 365 Chapter 30 Examples of Risks and Treatments 381 Glossary 393 References 397 Index 401

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Book SynopsisSecure venture capital? Easy. Getting a business up and running or pushing a brilliant product to the marketplace requires capital. For many entrepreneurs, a lack of start-up capital can be the single biggest roadblock to their dreams of success and fortune.Table of ContentsIntroduction 1 Part I: Getting Started with Venture Capital 5 Chapter 1: Nothing Ventured, Nothing Gained: Venture Capital Basics 7 Chapter 2: The Venture Capitalist Mindset 17 Chapter 3: Is Working with a VC Right for You? 33 Chapter 4: Alternatives to Venture Capital Funding 45 Chapter 5: Connecting with Investors Online and Face to Face 65 Part II: Becoming Attractive to Venture Capitalists 85 Chapter 6: Positioning Your Company for Funding 87 Chapter 7: Cultivating Relationships 111 Chapter 8: Providing an Exit Strategy 131 Part III: Getting Your Ducks in a Row: Deal Design and Due Diligence 149 Chapter 9: Structuring Pre-VC Deals 151 Chapter 10: Leading the Risk Conversation 173 Chapter 11: Telling Your Valuation Story 195 Chapter 12: Negotiating Your Terms 211 Part IV: Pitching to Investors 235 Chapter 13: Due Diligence: Preparation and Fundamentals 237 Chapter 14: Planning Your Pitch 261 Chapter 15: Visualizing the Deal: Creating Your Pitch Deck 275 Chapter 16: Show Time! Making Your Presentation 299 Chapter 17: If at First You Don’t Succeed — and Even If You Do — Try, Try Again 309 Part V: The Part of Tens 321 Chapter 18: Ten Ways to Lose a Deal 323 Chapter 19: Ten Places and People That Can Lead You to a VC 327 Index 331

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Book SynopsisA provocative, personal approach to leadership based on in-depth research with hundreds of executives around the world Confronted by disruptive change and economic turbulence, many of today''s leaders find themselves ill-equipped to manage the hazards they now face. They must contend with chronic uncertainty, cynical employees, and personal burnout. Most are poorly served by the prevailing paradigm that obsessively focuses on what we do to produce short-term results while sabotaging who we are as healthy human beings. Few have seen alternatives, until now. Grounded proposes a new approach that''s designed for actual humans who must grapple with these forces. This new paradigm speaks to our better selves. Based on the author''s Healthy Leader model, it focuses on the six personal dimensions that fueland refuelthe world''s top leaders: physical, emotional, intellectual, social, vocational, and spiritual health. The book argues that leaders at every level cTrade ReviewAdvisor and organizational psychologist Rosen (CEO & founder, Healthy Companies Intl.; The Healthy Company: Eight Strategies To Develop People, Productivity, and Profits) outlines a holistic approach to leadership based on his in-depth research of several international companies (e.g., Polo Ralph Lauren, Alcoa, PBS). The book's main message is that a leader must cultivate a healthy internal balance of six aspects: physical, emotional, intellectual, social, vocational, and spiritual. Rosen identifies these qualities as the roots of leadership and suggests that the leader possessing them can more easily withstand chaos. The core of the text discusses methods for developing sound foundations. The healthier the leader is, the stronger the organization will be as a whole. The book's final section expands on how developing these characteristics will influence a well-balanced person and contribute to a flourishing company. VERDICT Rosen draws from interviews and case studies to present a simple message to leaders: focus on improving yourself before you try to fix your company. While the conceit of the title is compelling, the concepts put forth may appear as unreachable ideals. This volume pulls together dissimilar leadership models and will appeal to business readers bored of training manuals. Recommended. —John Rodzvilla, Emerson Coll., Boston (Library Journal, October 2013)Table of ContentsPart I A Crisis on the Horizon 1 The Winds of Change 2 2 Are You Bending, Breaking, or Staying Rooted? 12 3 Who You Are Drives What You Do 24 Part II The Roots of Healthy Leadership Physical Health 38 4 Body-Mind Awareness 40 5 Energy Management 48 6 Peak-Performance Lifestyle 57 Emotional Health 65 7 Self-Awareness 67 8 Positive Emotions 76 9 Resilience 91 Intellectual Health 101 10 Deep Curiosity 103 11 Adaptive Mindset 114 12 Paradoxical Thinking 128 Social Health 138 13 Authenticity 140 14 Mutually Rewarding Relationships 151 15 Nourishing Teams and Communities 163 Vocational Health 176 16 Meaningful Calling 179 17 Personal Mastery 189 18 Drive to Succeed 200 Spiritual Health 215 19 Higher Purpose 217 20 Global Connectedness 225 21 Generosity of Spirit 235 22 On Becoming a Healthy Leader 248 Part III Putting Leadership into Action How Healthy Leaders Build Healthy Organizations 262 23 Tapping into a Higher Purpose 265 24 Forging a Shared Direction 272 25 Unleashing Human Potential 280 26 Fostering Productive Relationships 287 27 Seizing New Opportunities 294 28 Driving High Performance 301 Grounded: A Change in Consciousness 311 Notes 314 Acknowledgments 330 About the Author 332 Index 334 About Healthy Companies 348

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Book SynopsisClear, actionable guidance toward managing a major leadership change Transitions at the Top is an insightful, informative guide to navigating a change in leadership. A smooth transition is critical to both the health of the organization and the success of the new leader, but good planning and strong strategy can help organizations come out fresher and more driven on the other side. This book provides the specific principles, guidelines, and actions that boards, C-suite executives, and HR leaders need to guarantee a successful CEO transition. Continuity is key as one leader passes the mantle to a successor, and this book spans the steps and events that take place from when the candidate accepts the offer, all the way through the point where a critical mass of followers have accepted him or her as the established leader. Coverage includes guidance on who should be engaged in the process, as well as role-specific advice for each member of the transition management team.<Table of ContentsPreface xiii Acknowledgements xix Introduction 1 The Transition Challenge 3 The Roots of Failure 7 Complexity 7 Thinking Errors 8 Execution Errors 9 Roles for Success 11 The Board’s Role 11 The CEO’s Role 13 The CHRO’s Role 15 The Senior Managers’ Role 17 1 Complexity and Critical Crossroads 21 Complexity 25 Individual Adjustments 25 CEO 25 Board 27 CHRO 29 Senior Managers 32 Systemic Adjustments 34 Strategic 34 Operational 36 Political 39 Cultural 41 Summary 45 2 Three DestructiveMyths 47 Myths Plaguing Transitions at the Top 56 Myth 1: People Join Companies All the Time…It’s No Big Deal 58 Myth 2: Our Job Is Done When the OneWeWant Says “Yes” 62 Myth 3:We Know What He Can Do 65 How TransitionMyths Bar Productive Thinking 71 Lack of Empathy 71 Lack of Learning 73 Lack of Questioning 74 Leaving Tough Questions Unanswered 76 Summary 79 3 Errors of Execution 81 Relationship between Incumbent and Successor 85 Preparing for Only One Transition 90 The Leader Who Departs 90 Derivative Defections 93 Mismanaging the Transition Process 96 Not Organizing and Interpreting the Right Information 96 HowThings Really Get Done 97 Culture and Power Structure 98 Power and Influence 104 Not PreparingMajor Players for the Right Roles 106 Mishandling the Onboarding of the New Leader 109 Summary 114 4 The Board’s Role 117 Directors asMajor Players 121 Oversight for the Transition 127 Managing Relationships 134 Judging Performance 143 Expectations 146 Cultural and Political Attention 148 Summary 150 5 The CEO’s Role 153 Controlling the Steps and Pace 157 Role 158 The Search and the Transition 162 Ensuring Other Players Do What TheyMust 166 Self-Management and Self-Awareness 171 Summary 177 6 The CHRO’s Role 179 Great Senior Staffing Support 185 Help for the New Leader 192 What the New LeaderMust Do 192 Learning 193 Visioning 194 Coalition Building 196 Methods andMechanisms for Relationships 198 Connecting 201 Listening 203 Summary 210 7 The Senior Manager’s Role 215 Shaping Organization Opinion 220 Delivering Support 227 BuildingWinning Relationships 234 Summary 241 8 Summary 245 Index 253

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Book SynopsisA real-world framework for driving capital project success Capital Projectsprovides an empirically-based framework for capital project strategy and implementation, based on the histories of over 20,000 capital projects ranging from $50,000 to $40 billion. Derived from the detailed, carefully normalized database at preeminent project consultancy IPA, this solid framework is applicable to all types of capital investment projects large and small, in any sector, including technology, life sciences, petroleum, consumer products, and more. Although grounded in empirical research and rigorous data analysis, this book is not an academic discussion or a conceptual dissertation; it''s a practical, actionable, on-the-ground guide to making your project succeed. Clear discussion tackles the challenges that cause capital projects to fail or underperform, and lays out exactly what it takes to successfully manage a project using real-world methods that apply at any level. BusiTable of ContentsAcknowledgments ix 1 Falling Short of Expectations: How Executives Struggle to Deliver the Value from Their Capital Projects 1 Background and Basis for the Book 5 Capital Projects Create Value 6 Most Projects Create Less Value Than Expected 7 Results Apply to All Types of Projects 7 Sources of Value Erosion Are Not Limited to Cost and Schedule Overruns 8 How to Deliver the Value Promised 10 2 Why the Stage-Gate Process Is the Best Tool Executives Can Use to Get the Most Value from Their Capital Projects 15 A Necessary Process 19 How Does the Process Work? 20 What Is the Role of Executives in the Process? 25 Stage-Gates and Executive Control 29 3 The Project Frame: Understand the Opportunity before Starting a Project 31 Typical Contents of a Project Frame 34 Unlock Value by Finding a Better Option 35 How to Develop a Project Frame 37 Use the Frame for Executive Alignment and Endorsement 45 4 The Critical Project Sponsor Role 51 Who Is the Project Sponsor? 56 Overview of Project Sponsor Role 58 Assign a Project Sponsor as the Initial Business Case Is Developed 59 Requirements for a Strong Project Sponsor 59 Choosing the Right Project Sponsor 69 5 The Single Most Important Thing an Executive Can Do to Make Any Capital Project Succeed: Define Clear Objectives 75 Business Objectives versus Project Objectives 79 Developing Clear Objectives 79 Communicating the Objectives 84 Prioritizing the Objectives 87 6 The Executive’s Role in Building and Supporting High-Performing Project Teams 91 Executive Leaders Lead 94 Invest in a Strong Owner Project Team 96 Why You Need a Functionally Integrated Team 97 Help the Project Manager Get the Resources for a Functionally Integrated Team 99 Do Not Outsource the Owner Team Role 100 More Experienced Project Teams Do Better Projects 102 Strategies for Coping with Staffing Shortages 102 Executives Working Together to Support the Project 104 7 Project Definition: The Fundamental Capital Project Concept Every Executive Must Understand 107 Strong Project Definition Preserves Value and Produces Better Assets 112 Executives Control the Quality of Project Definition 115 Understand the Cost of Weak Project Definition 116 Be Careful When Trading Fast Schedule for Strong Project Definition 118 Reduce the Number of Schedule-Driven Projects 122 More Project Definition Is Not Necessarily Better 122 8 It’s Going to Cost How Much!?! A Guide to Help Executives Avoid Capital Cost Surprises 125 Key Concepts to Understand about Capital Cost Estimate Accuracy 128 Factor the Cost Estimate Range into Decision Making 129 Improve Project Definition to Narrow the Cost Estimate Range 136 Follow These Rules to Get Contingency Right 140 9 Using a Project Steering Committee to Improve Executive Decision Making 147 How to Build a Strong Steering Committee 150 Who to Include in the Steering Committee 152 Run the Steering Committee Efficiently 154 Make Decisions at the Right Level 155 Do Not Dilute Project Sponsor Accountability 156 10 Risk Management: A Mechanism to Understand Project Risk and Decide What to Do 159 Risk Management: Identify, Analyze, and Manage Individual Risks 164 Practices for Getting the Most from Risk Management 166 Scrutinize Risks to Decide Whether They Are Worth Taking 167 Understand That the Estimate of the Risk Is Probably Too Low 168 Be Careful with Making Late Changes in Response to Business Risk 169 Strong Risk Management Does Not Substitute for Strong Project Definition 171 11 Approve, Recycle, Cancel, or Hold: Making Good Stage-Gate Decisions 173 Capital Investment Decisions Are Made at the Stage-Gates 176 Three Gates Provide Adequate Control 177 The Business Question Asked and Answered at Each Stage-Gate 179 Use Your Early Stage-Gates Better 180 Four Choices for the Stage-Gate Decision 181 Information Used in an Investment Decision 182 Rules for Strong Gates 183 The Slippery Slope of Granting Exceptions to Stage-Gate Deliverables 189 12 Executive Role, Executive Control: 12 Essential Rules 193 Rule 1: Use the Stage-Gate Process 195 Rule 2: Start by Framing the Project 195 Rule 3: Ensure Project Sponsor Involvement 196 Rule 4: Develop Clear Objectives 196 Rule 5: Invest in Owner Teams and Provide the Support They Need 197 Rule 6: Reach a Strong Level of Project Definition 198 Rule 7: Factor the Accuracy of the Capital Cost Estimate into Decision Making 199 Rule 8: Set Contingency in Accordance with Project Risk 199 Rule 9: Build an Effective Steering Committee 200 Rule 10: Use a Robust Risk Management Process 200 Rule 11: Keep the Stage-Gates Strong 200 Rule 12: Be Coachable 201 Glossary 203 Index 207

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Book SynopsisHow Your Business Can Use the Science That Helped Win the White House The average conversion ratethe rate at which visitors convert into customersacross the web is only 2%. That means it''s likely that 98% of visitors to your website won''t end up converting into customers. What''s the solution? A/B testing. A/B testing is the simple idea of showing several different versions of a web page to live traffic, and then measuring the effect each version has on visitors. Using A/B testing, companies can improve the effectiveness of their marketing and user experience and, in doing so, can sometimes double or triple their conversion rates. Testing has been fundamental in driving the success of Google, Amazon, Netflix, and other top tech companies. Even Barack Obama and Mitt Romney had dedicated teams A/B testing their campaign websites during the 2012 Presidential race. In the past, marketing teams were unable to unleash the power of A/B testing because iTable of ContentsChapter 1 How A/B Testing Helped Win the White House—Twice 1 PART I LESSONS LEARNED FROM 200,000 A/B TESTS (AND COUNTING) 13 Chapter 2 What to Test 17 Chapter 3 Seek the Global Maximum 33 Chapter 4 Less Is More: Reduce Choices 47 Chapter 5 Words Matter: Focus on Your Call to Action 59 Chapter 6 Fail Fast and Learn 71 PART II IMPLEMENTING A/B TESTING: PLAY-BY-PLAY GUIDE 83 Chapter 7 Choose the Solution That's Right for Your Organization 87 Chapter 8 The Cure for the HiPPO Syndrome 99 Chapter 9 The A/B Testing Dream Team 109 Chapter 10 Iterate, Iterate, Iterate 119 PART III ADVANCED TOPICS IN A/B TESTING 131 Chapter 11 How A/B Tests Can Go Awry 135 Chapter 12 Beyond the Page: Non-Website A/B Testing 143 Chapter 13 Personalize, Personalize, Personalize 155 Conclusion 165 Appendix 1: 60 Things to A/B Test 167 Appendix 2: Metrics and the Statistics behind A/B Testing 179 Acknowledgments 195 Index 197

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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

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Book SynopsisLearn how to make money wholesaling real estate without having to swing a hammer or deal with tenants.Wholesaling is one of the best ways to get started making money in the world of real estate investing. Think of it as the day trading of real estate except it is simpler and has less risk if you learn how the process works. In fact when you learn how to do it the right way, you can minimize your risk substantially. The Real Estate Wholesaling Bible teaches what you need to know to profit from real estate wholesaling without needing a lot of capital or previous experience. This rapidly expanding business is relatively simple, profitable, and perfect for today''s real estate market. Plus it''s an ideal system for making money even in the toughest real estate markets. All you will need to get started is a computer, an Internet connection, this audiobook, some passion, and a lot of curiosity.Teaches the mechanics of how to wholesale real estate, including exactlyTable of ContentsIntroduction 1 The Shrinking Middle Class in America 1 How I Got Started Investing in Real Estate 3 Why We Decided to Start Wholesaling 4 Set Skepticism Aside—It Will Hold You Back 5 Is This Book for You? 6 The Catalyst to a Better Life 7 1 Wholesaling Overview: What’s in It for You? 9 The Benefits of Learning How to Wholesale Real Estate 9 Conclusion 13 2 Getting to Know Your Local Real Estate Market 15 The Importance of Gaining Intimate Local Market Knowledge 15 Step 1: Gain an Understanding of Local Market Metrics 16 Step 2: Get to Know Price Points of Properties by Neighborhood 17 Step 3: Understand Zoning Laws within the Market 18 Step 4: Study Your Competition 19 Step 5: Identify Key Real Estate Professionals in the Market 19 Set Your Focus 20 Conclusion 20 3 Establishing Your Marketing Presence 21 Foundational Marketing Materials 21 Business Cards 22 Seller Credibility Packet 22 Buyer Credibility Packet 23 Private Money Credibility Packet 23 Core Website 24 Facebook Page for Your Business 25 Easy-to-Remember Phone Number 25 Memorable Business Name 26 Logo and Business Color Schemes 26 Conclusion 26 4 Understanding the Pre-Foreclosure Process 27 Definition of Foreclosure and How to Learn Your State’s Process 27 Types of Foreclosure 28 Buying Properties from People in Foreclosure 32 Conclusion 33 5 Finding Pre-Foreclosure Properties 37 Finding Recent Pre-foreclosure Property Filings 37 Conclusion 40 6 Finding Wholesale Deals Utilizing Direct Mail Campaigns 41 Step 1: Find the Best List 42 Step 2: Decide How Many Times You Will Mail the Prospect 44 Step 3: Create a Spreadsheet to Track Your Mailings 44 Step 4: Determine What Types of Direct Mail Pieces You Will Use 45 Step 5: Craft a Compelling Message 46 Step 6: Choose Postage 48 Step 7: Set Up Your Inbound System 49 Step 8: Fulfill Your Campaigns 49 Step 9: Note Response Rates 50 Conclusion 50 7 Finding Deals on the Multiple Listing Service 53 The MLS Offer System 53 Outsource Steps within the System 56 Conclusion 57 8 Finding Deals Utilizing Craigslist 59 Searching for Properties under the “Real Estate for Sale” Section 59 Searching for Properties by Keyword 60 Contacting Landlords Who Are Renting Properties 60 Contacting People Having Estate Sales 61 Creating Advertisements that Get People to Contact You 61 Creating a Compelling Ad Title/Headline 61 Using Symbols to Make Your Title/Headline Stand Out 62 What the Body of Your Advertisement Should Communicate 62 Conclusion 64 9 Other Killer Ways to Find Profitable Real Estate Deals 65 Purchasing Internet Leads 65 Questions to Ask about Purchasing Internet Leads 66 Facebook 67 Facebook Ads 67 Other Real Estate Professionals and Investors 68 Door Hangers 69 Bus Bench Advertising 69 Banners 69 Vehicle Wraps 70 Car Magnets 70 Billboards 71 Television Advertising 72 Conclusion 72 10 Overview of How to Value Real Estate 73 The Cost Approach 73 The Income Approach 74 The Sales Comparison Approach 74 A Word of Caution 75 Always Determine the Highest and Best Use of the Property 75 Your Goal as a Wholesaler When Making Offers 76 Conclusion 76 11 Deal Evaluation System Stage 1: Gathering Information 77 Vital Information to Gather in Stage 1 78 Recommended Tools to Gather and Track Information 82 Conclusion 84 12 Deal Evaluation System Stage 2: The Desktop Evaluation 85 Step 1: Confirm the Property Details by Reviewing the Property Card 85 Step 2: Pull the Listing Sheet If the Property Is Listed with an Agent 86 Step 3: Understand What You Are Trying to Determine with the Sales Comparison Approach 87 Step 4: Find the Best Comparables Using the Multiple Listing Service 87 Step 5: Look for Off-Market Comparables 89 Step 6: Analyze the Sold Comparables to Determine Whether the Property Is Worth Visiting 90 Step 7: Classify Your Leads 90 Step 8: Prepare Your Comparable Package 91 Step 9: Prepare Your Buying Appointment Package 92 Conclusion 93 13 Deal Evaluation System Stage 3: The Property Visit 95 Filling Out the Comparable Sales Adjustment Grid 96 Performing Drive-by Inspections of the Subject Property and Comparables 96 Examining Comparables that Are Active and on Deposit 98 Making Adjustments 99 Calculating Adjustments 103 Conclusion 103 14 Estimating Repairs on Properties 105 Repair Cost Is a Critical Number You Need to Make the Right Offer 106 Our System to Estimate Repairs 106 Exterior Repairs 107 Interior Repairs 111 Mechanicals 116 Other 117 Things That Can Greatly Enhance the Value of a Property 119 Conclusion 122 15 Negotiating and Making Offers to Sellers 123 Negotiate with Confidence 124 Step 1: Uncover the Seller’s True Needs and Desires 124 Step 2: Research the Seller or Agent You’re Negotiating With 125 Step 3: Know What You Are Offering before Meeting with the Seller 126 Step 4: Walk through the Property 126 Step 5: Build Rapport and Dive Deeper into the Seller’s Motivating Factors 127 Step 6: Explain How You Can Help the Seller 129 Step 7: Frame Your Offer 130 Step 8: Handle Objections Effectively 130 Step 9: Sign the Purchase and Sale Agreement 132 Conclusion 132 16 Understanding Purchase and Sale Agreements 133 Parties Involved 133 Description of Real Estate 134 Personal Property Included in the Sale Price 134 Purchase Price and Financing 135 Where Deposits Are Held 135 Financing Contingency 135 Condition of Premises 136 Inspection Contingencies 136 Statement Regarding Lead-Based Paint 136 Occupancy, Possession, and Closing Date 136 Deed Type 137 Marketable Title 137 Adjustments 137 Buyer’s Default Clause 137 Seller’s Default Clause 137 Risk of Loss and Damage 137 Addendums 138 Broker/Agent Fees 138 Time to Accept 138 Conclusion 138 17 How to Get the Money for Your Wholesale Deals 139 Conclusion 140 18 Working with Private Lenders 141 What Exactly Is “Private Money”? 142 How Is the Lender Protected? 142 Turning People into Private Money Lenders 143 Finding Existing Private Money Lenders 143 Can You Openly Advertise for Private Money Lenders? 144 Meeting with the Lender for the First Time 144 Conclusion 145 19 Working with Transactional Lenders and Hard-Money Lenders 147 What Is Transactional Funding? 148 Hard-Money Lending 149 When You Will Use a Hard-Money Lender in Wholesaling 149 Know the Terms 150 Qualifying for a Hard-Money Loan 150 Locating Hard-Money and Transactional Lenders 151 Conclusion 152 20 Building a Trophy Database of Buyers 153 How You Can Leverage a Database 154 You Must Have Software to Build a Trophy Database 155 Conclusion 155 21 Networking to Find Buyers 159 Strategic Networking Opportunities 159 Networking with Other Real Estate Professionals 162 How to Build Relationships and Stand Out from the Crowd 165 Conclusion 166 22 Direct Response Marketing Strategies to Find Buyers 167 Craigslist, Backpage, and Other Online-Classified-Ad Websites 168 Facebook Real Estate Groups 169 Company Website 169 Lead-Generation Pages (Squeeze Pages) 170 Penny Saver Newspapers 170 Reaching Out to Your Competition 170 Cash Buyers 171 Conclusion 172 23 Marketing Your Wholesale Deal 175 Make Sure Your Trophy Database Is Organized 175 Assemble the Critical Information into a Wholesale Deal Marketing Package 176 Call Your Most Serious Buyers First 176 E-mail Blasts 177 Text Blasting 177 Voice Broadcasting 178 What If You Have a Deal to Sell but Don’t Have a Buyers’ List? 178 Conclusion 179 24 Classifying, Prescreening, and Communicating with Buyers 181 Classify Buyers within Your Trophy Database 181 The Importance of Prescreening Buyers 182 What to Do When Buyers Contact You 183 What You Need to Know about a Buyer 183 Communicating Properly and Training Your Wholesale Buyers 184 Conclusion 185 25 Working and Negotiating with Buyers 187 Know the Comparable Sales in the Area 187 Have an Accurate Repair Cost 188 Create a Sense of Urgency 189 Common Negotiating Techniques Buyers Use 189 What if the Buyer Thinks You’re Making Too Much? 190 Confirm Funding 190 Case Study 191 Conclusion 192 26 How You Profit: Selling a Contract 193 What Does It Mean to “Sell a Contract”? 193 Completing the Assignment of Real Estate Purchase and Sale Agreement 194 How Do You Get Paid? 195 Coordinating the Closing 195 Common Questions 196 Which Is the Better Exit Strategy: Selling a Contract or Double Closing? 196 Common Misconceptions about Wholesaling 197 Conclusion 197 27 How You Profit: Double Closing 201 What Is a Double Closing? 201 Signing the First Purchase and Sale Agreement on the A-B Transaction 202 Signing the Second Purchase and Sale Agreement on the B-C Transaction 203 Know How the Buyer in the B-C Transaction Is Planning on Funding the Deal before You Sign a Second Purchase and Sale Agreement 204 What Else to Look for from Your C Buyer 205 Don’t Pass Funding Through 206 Always Have Legal Counsel 206 Conclusion 207 28 The Real Estate Closing Process 211 Who Handles the Escrow and Closing? 211 What Is Required to Open Escrow? 212 Who Selects the Escrow Company? 213 Are You Opening One Escrow or Two? 213 What Happens during Escrow? 213 How Do You Prepare for Closing? 214 What Can Cause Delays during the Closing Process? 215 What to Check the Day before Closing 216 What Takes Place at the Closing? 217 How to Ensure There Are No Snags the Day of Closing 217 Hiring Someone to Help You Process Your Wholesale Deals 217 Conclusion 217 29 Building Your Local Team 219 Real Estate Agents 220 Locating the Top Agents in Your Market 221 Hard-Money Lenders 222 Mortgage Brokers 222 Insurance Agents 222 Title Agent/Real Estate Attorney 223 Contractors 223 Conclusion 224 30 Building Your Business Advisory Team 225 Real Estate Coaches 227 Marketing Mentors 227 Negotiation and Sales Mentors 227 Business Management Mentors 228 Legal Mentors 229 Tax Mentors 229 Mastermind Group 229 Conclusion 230 31 The Path of Smart Growth 231 Preparing for Growth 231 Managing Your Time 232 Developing Systems 232 Growing at a Sustainable Pace 233 Integrating Technology into Your Business Management Systems 233 Hiring Employees and Scaling Your Business 234 Constantly Improving Your Leadership Skills 235 Index 237

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Book SynopsisMake information memorable with creative visual design techniques Research shows that visual information is more quickly and easily understood, and much more likely to be remembered. This innovative book presents the design process and the best software tools for creating infographics that communicate.Trade ReviewThis book explains how to create infographics that successfully communicate their message. (Talk Business, January 2014) "Cool Infographics is a mix of inspiration, instruction and education." (ZDNet, January 2014) This book is a great introduction to the subject. (Significance, July 2014)Table of ContentsIntroduction xiii 1 The Science of Infographics 1 Information Overload 9 The Rise of the Informavore 9 The Rise of Big Data 11 Why Infographics Work 14 Pattern Recognition 15 The Language of Context 16 The Picture Superiority Effect 20 The Art of Storytelling 27 Introduction/Foundation 28 Ah-Ha! The Main Event 28 Conclusion/Call-to-action 29 Media Formats of Infographics 31 Static Infographics 31 Zooming Infographics 34 Clickable Infographics 37 Animated Infographics 42 Video Infographics 45 Interactive Infographics 48 Final Thoughts 52 2 Online Infographics 57 Vertical Versus Horizontal Layouts 58 Types of Online Infographics 67 Informative Infographics 69 Persuasive Infographics 71 Visual Explanations 78 Infographic Advertisements 83 PR Infographics 88 Infographic Posters 90 Intellectual Property Issues 98 Copyright 98 Creative Commons 100 Trademarks and the Fair Use Doctrine 103 Images and Illustrations 105 AIGA, the Professional Association for Design 107 Should You Copyright Your Infographic? 107 Final Thoughts 108 3 Infographics and Seo 113 The Search Engine Challenge 115 The Objective of SEO 118 The Link Bait Challenge 119 It’s All About Relevance 123 Online Lifespan 126 Infographic Release Strategy 135 Landing Pages 135 Self-promotion 148 Promotion, Publicity, and Outreach 155 Final Thoughts 169 4 Infographic Resumes 173 Key Benefits 180 What’s the Risk? 180 Designing an Infographic Resume 181 Timeline Designs 183 Relative Experience Designs 187 Geographic Designs 190 Company Logos and Icons 192 Software Application Logos 201 Using an Infographic Resume 204 Job Application Systems 204 Standalone Infographic Resume 205 Combined Infographic Resume Design 208 Publishing Infographic Resumes Online 210 Designing Infographic Resumes for Print 211 Infographic Resumes on the iPad (or Tablet) 215 Infographic Resume Design Tools 217 All About You 228 5 Internal Confidential Infographics 233 Improving Internal Communications 234 The Fear of Confidential Information 236 Ideas for Visualizing Internal Data 238 Budgets 238 Sales and Profit Data 244 Business Processes 246 Strategies 251 Better Presentations Using Infographics 259 Final Thoughts 268 6 Designing Infographics 271 Be Accurate 272 Visualizing Area 274 Pick a Good Topic 281 Trending Topics 281 Controversial Topics 282 Search for Prior Art 282 Focus on the Key Message 283 The 5-second Rule 284 Tell One Story Really Well 285 Visualize When Possible 288 Big Fonts Are NOT Data Visualizations 288 Visuals Are Perceived as More Important 290 Minimize Text 291 Eliminate Chart Legends 293 Be Data Transparent 295 No Data Sources List 296 Vague Data Sources 297 Questionable Data Sources 298 Best Practices 298 The Fine Print 299 Company Logo 299 Copyright License 300 Original Landing Page URL 300 Designer Credit 301 Putting It Together 302 Final Thoughts 302 7 Design Resources 305 Desktop Software Tools 306 Vector Graphics 306 Image Editing 314 Online Data Visualization Tools 317 Finding Data Online 328 Online Infographics Design Sites 330 Reading List 337 Index 339

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Book SynopsisThe world is upside down. The emerging market countries are more important than many investors realise. They have been catching up with the West over the past few decades. Greater market freedom has spread since the end of the Cold War, and with it institutional changes which have further assisted emerging economies in becoming more productive, flexible, and resilient. The Western financial crisis from 2008 has quickened the pace of the relative rise of emerging markets - their relative economic power, and with it political power, but also their financial power as savers, investors and creditors. Emerging Markets in an Upside Down World - Challenging Perceptions in Asset Allocation and Investment argues that finance theory has misunderstood risk and that this has led to poor investment decisions; and that emerging markets constitute a good example of why traditional finance theory is faulty. The book accurately describes the complex and changing global environment currTrade ReviewJerome Booth s book has a title that is perhaps as meaty as the subject matter it tackles. (Investment Europe, March 2014)Table of ContentsForeword by Nigel Lawson xi Acknowledgements xiii Introduction 1 I.1 Upside down: perception vs reality 2 I.2 The structure of the book 4 1 Globalisation and the Current Global Economy 9 1.1 What is globalisation? 9 1.2 Economic history and globalisation 12 1.2.1 The desire to control and its impact on trade 13 1.2.2 The influence of money 15 1.2.3 Trade and commodification 16 1.2.4 Nationalism 17 1.3 Recent globalisation 18 1.3.1 Bretton Woods 19 1.3.2 Ideological shifts 21 1.3.3 Participating in globalisation: living with volatility 23 2 Defining Emerging Markets 25 2.1 The great global rebalancing 25 2.1.1 Financing sovereigns 26 2.1.2 Catching up 27 2.1.3 The poorest can also emerge: aid and debt 29 2.1.4 From debt to transparency and legitimacy 30 2.2 Investing in emerging markets 31 2.3 Emerging market debt in the 20th century 32 2.3.1 Types of external sovereign debt 33 2.3.2 FromMexican crisis to Brady bonds 36 2.3.3 Market discipline 39 2.3.4 Eastern Europe 40 2.3.5 Mexico in crisis again 41 2.3.6 The Asian and Russian crises 42 2.3.7 Emerging markets grow up 44 (a) The first change: country and contagion risks fall 44 (b) The second change: the investor base 46 2.3.8 Testing robustness: Argentina defaults 47 2.3.9 The end of the self-fulfilling prophecy 48 2.4 The growth of local currency debt 51 2.5 Why invest in emerging markets? 53 3 The 2008 Credit Crunch and Aftermath 55 3.1 Bank regulation failure 58 3.1.1 Sub-prime 60 3.2 The 2008 crisis 63 3.3 Depression risk 64 3.3.1 Reducing the debt 66 3.3.2 Deleveraging is not an emerging market problem 67 3.4 Global central bank imbalances 71 4 Limitations of Economics and Finance Theory 77 4.1 Theoretical thought and limitations 77 4.2 Economics, a vehicle for the ruling ideology 78 4.3 Macroeconomics 79 4.4 Microeconomic foundations of macroeconomics 81 4.4.1 Efficient market hypothesis 84 4.4.2 Modern portfolio theory 87 4.4.3 Investment under uncertainty 88 4.5 Bounded decisions and behavioural finance 90 5 What is Risk? 95 5.1 Specific and systematic risk 99 5.2 Looking backwards 103 5.3 Uncertainty 104 5.4 Risk and volatility 105 5.5 Risk in emerging markets 106 5.6 Rating agencies 108 5.7 Capacity, willingness, trust 109 5.7.1 Rich countries default by other means 110 5.7.2 Two sets of risk in emerging markets 111 5.8 Sovereign risk: a three-layer approach 114 5.9 Prejudice, risk and markets 116 5.9.1 When you have a hammer, everything looks like a nail 117 6 Core/Periphery Disease 119 6.1 The core/periphery paradigm 120 6.1.1 Core breach? 121 6.1.2 Another core/periphery concept: decoupling 124 6.1.3 And another: spreads 124 6.2 Beyond core/periphery 125 6.2.1 Towards a relative theory of risk 125 6.2.2 GDP weighting 126 7 The Structure of Investment 131 7.1 Misaligned incentives 132 7.2 Confused incentives 134 7.3 Evolutionary dynamics, institutional forms 135 7.3.1 History matters 137 7.4 Network theory 138 7.5 Game theory 139 7.6 Investor structure and liquidity 140 7.7 Market segmentation 142 7.7.1 Warning signals 144 7.8 Investor base structure matters 147 8 Asset Allocation 149 8.1 Asset classes 151 8.1.1 Alternatives 154 8.2 How asset allocation occurs today 155 8.2.1 Investor types 156 8.2.2 Asset/liability management 158 8.3 From efficiency frontiers to revealed preferences 161 8.4 Asset allocation vs manager selection; active vs passive 164 8.5 Allocating at sea 167 9 Thinking Strategically in the Investment Process 169 9.1 Thinking strategically 169 9.1.1 Thinking strategically: appropriate discounting 169 9.2 Scenario planning 170 9.3 Global structural shifts ahead? 171 9.3.1 Asset allocation: some proposed new rules 172 9.4 Investment process in emerging debt 174 9.5 Conclusion 177 10 A New Way to Invest 179 10.1 Sense-checking assumptions 180 10.1.1 Risk, uncertainty and information asymmetry assumptions 181 10.1.2 Investor psychology and behaviour assumptions 185 10.1.3 Structure, market efficiency, equilibrium and market dynamics 187 10.1.4 Asset class definitions 188 10.2 Assessing liabilities 189 10.3 Your constraints 190 10.3.1 The decision chain 190 10.3.2 Institutional capabilities 191 10.3.3 Psychological constraints 191 10.4 Consider changing your constraints: agency issues 192 10.5 Building scenarios 193 10.6 Understanding market structure 194 10.7 Asset allocation 195 10.7.1 Route 1: Comprehensive 196 10.7.2 Route 2: Entrepreneurial 197 10.7.3 Asset allocation dynamics 198 10.8 Meta-allocation: toolset choice 199 10.9 Follow the skillset 200 10.10 Portfolio construction and monitoring 201 11 Regulation and Policy Lessons 203 11.1 Regulating financial institutions: new and old lessons 204 11.1.1 Fix the banks 204 11.1.2 Non-banks: who holds what? 206 11.1.3 Reduce agency problems: trustee incentives 206 11.1.4 Honour public service 207 11.1.5 Choice architecture 208 11.2 What to do about systemic risk? 208 11.2.1 Avoid regulation that amplifies risk 209 11.2.2 Beware market segmentation 210 11.2.3 Structure matters 210 11.2.4 Map perceptions of risk 212 11.2.5 Detect and stop asset bubbles 212 11.2.6 Preserve credibility 213 11.3 Wish list for emerging market policymakers 213 11.3.1 Allow markets to work 213 11.3.2 Proclaim and foster greater pricing power 214 11.3.3 Promote EM global banks, south-south linkages 214 11.3.4 Build capital markets 216 11.3.5 Fight core/periphery disease 216 11.4 Reserve management and the international monetary system 217 11.4.1 The dollar is your problem 217 11.4.2 Alternatives to the dollar 218 11.4.3 Too many reserves 221 11.5 What investors can expect from HIDC policymakers 222 11.5.1 Financial repression 222 11.5.2 Consequences of financial repression for banks 223 11.5.3 No early exit from quantitative easing? 223 11.5.4 Bond crash 224 11.5.5 Inflation 224 11.5.6 Appeals to foreign investors 224 11.5.7 Regulatory muddle-through 224 11.5.8 Pension reform 225 11.5.9 Pension regulatory conflict may only abate once EMinvestors exit 225 11.5.10 Rating agencies 225 11.5.11 Intellectual reassessment 225 11.6 What investors can expect from emerging market policymakers 226 12 Conclusion 229 12.1 Afinal list… 229 12.2 … for an upside down world 231 Further Research 233 Disclaimer 235 Glossary 237 Bibliography 245 Index 257

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Book SynopsisThe comprehensive M&A guide, updated to reflect the latest changes in the M&A environment M&A, Second Edition provides a practical primer on mergers and acquisitions for a broad base of individuals numbering in the hundreds of thousands: Investment bankers involved with mergers and acquisitions (M&A).Table of ContentsPreface ix PART ONE The Big Picture CHAPTER 1 The Global M&A Market: Current Status and Evolution 3 CHAPTER 2 U.S. M&A History, Trends, and Differences from Other Nations 9 CHAPTER 3 The Need for Growth Spurs Acquirers to Buy Other Companies 15 CHAPTER 4 The Three Financial Tactics That Dominate the M&A Business 25 PART TWO Finding a Deal CHAPTER 5 The Buyer Must Have a Methodical Plan in Order to Find a Quality Transaction 39 CHAPTER 6 To Begin an Acquisition Search, the Buyer First Sets the Likely Parameters of a Deal 43 CHAPTER 7 The Buyer Starts the Formal Acquisition Search by Alerting Intermediaries and Contacting Possible Sellers 47 CHAPTER 8 Finding a Deal: Likely Results of a Search 59 CHAPTER 9 The Four Principal Risks Facing a Buyer in the M&A Business 65 PART THREE Target Financial Analysis CHAPTER 10 Sizing Up the M&A Target from a Financial Point of View 77 CHAPTER 11 To Facilitate Financial Projections, the Buyer Needs to Classify the Target as a Mature, Growth, or Cyclical Business 91 CHAPTER 12 How Practitioners Forecast an M&A Target’s Sales and Earnings 97 PART FOUR Acquisition Valuation CHAPTER 13 The M&A Industry Typically Uses Four Valuation Methodologies 109 CHAPTER 14 The Use of Discounted Cash Flow in M&A Valuation 113 CHAPTER 15 Valuing M&A Targets Using the Comparable Public Companies Approach 123 CHAPTER 16 Valuing an M&A Target by Considering Comparable Deals and Leveraged Buyouts 133 CHAPTER 17 Valuation Situations That Don’t Fit the Standard Models 143 PART FIVE Combination, the Sale Process, Structures, and Special Situations CHAPTER 18 Combining the Buyer’s and Seller’s Financial Results for the M&A Analysis 159 CHAPTER 19 When Is the Best Time for an Owner to Sell a Business? 167 CHAPTER 20 The Sale Process from the Seller’s Vantage Point 173 CHAPTER 21 A Review of Legal and Tax Structures Commonly Used in Transactions 183 CHAPTER 22 Unusual Transaction Categories 193 CHAPTER 23 Final Thoughts on Mergers and Acquisitions 199 About the Author 201 Index 203

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Book SynopsisThe derivative practitioner's expert guide to IFRS 9 application Accounting for Derivatives explains the likely accounting implications of a proposed transaction on derivatives strategy, in alignment with the IFRS 9 standards. Written by a Big Four advisor, this book shares the author's insights from working with companies to minimise the earnings volatility impact of hedging with derivatives. This second edition includes new chapters on hedging inflation risk and stock options, with new cases on special hedging situations including hedging components of commodity risk. This new edition also covers the accounting treatment of special derivatives situations, such as raising financing through commodity-linked loans, derivatives on own shares and convertible bonds. Cases are used extensively throughout the book, simulating a specific hedging strategy from its inception to maturity following a common pattern. Coverage includes instruments such as forwards, swaps, crTable of ContentsPreface xxi Chapter 1 The Theoretical Framework – Recognition of Financial Instruments 1 1.1 Accounting Categories for Financial Assets 2 1.2 The Amortised Cost Calculation: Effective Interest Rate 11 1.3 Examples of Accounting for Fixed Rate Bonds 14 1.4 Accounting Categories For Financial Liabilities 16 1.5 The Fair Value Option 19 1.6 Hybrid And Compound Contracts 19 Chapter 2 The Theoretical Framework – Hedge Accounting 23 2.1 Hedge Accounting – Types of Hedges 23 2.2 Types of Hedges 25 2.3 Hedged Item Candidates 30 2.4 Hedging Instrument Candidates 36 2.5 Hedging Relationship Documentation 37 2.6 Hedge Effectiveness Assessment 39 2.7 The Hypothetical Derivative Simplification 48 2.8 Rebalancing 49 2.9 Discontinuation of Hedge Accounting 53 2.10 Options And Hedge Accounting 57 2.11 Forwards and Hedge Accounting 70 Chapter 3 Fair Valuation – Credit and Debit Valuation Adjustments 71 3.1 Fair Valuation – Overview of Ifrs 13 71 3.2 Case Study – Credit Valuation Adjustment of an Interest Rate Swap 80 3.3 Overnight Index Swap Discounting 95 Chapter 4 An Introduction to Derivative Instruments 97 4.1 FX Forwards 97 4.2 Interest Rate Swaps 99 4.3 Cross-Currency Swaps 102 4.4 Standard (Vanilla) Options 105 4.5 Exotic Options 118 4.6 Barrier Options 119 4.7 Range Accruals 121 Chapter 5 Hedging Foreign Exchange Risk 123 5.1 Types of Foreign Exchange Exposure 123 5.2 Introductory Definitions 124 5.3 Summary of Ias 21 Translation Rates 125 5.4 Foreign Currency Transactions 126 5.5 Case Study: Hedging A Forecast Sale and Subsequent Receivable with an Fx Forward (Forward Element Included in Hedging Relationship) 128 5.6 Case Study: Hedging a Forecast Sale with an Fx Forward 141 5.7 Case Study: Hedging a Forecast Sale and Subsequent Receivable with a Tunnel 163 5.8 Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Participating Forward 180 5.9 Case Study: Hedging a Highly Expected Foreign Sale with a Knock-In Forward (Introduction) 222 5.10 Case Study: Hedging a Forecast Sale And Subsequent Receivable with a Knock-In Forward (Splitting Alternative) 226 5.11 Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Knock-In Forward (Instrument In Its Entirety) 238 5.12 Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Knock-In Forward (Rebalancing Approach) 246 5.13 Case Study: Hedging A Highly Expected Foreign Sale with a Kiko Forward 257 5.14 Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Range Accrual (Part 1) 270 5.15 Case Study: Hedging A Forecast Sale and Subsequent Receivable with a Range Accrual (Designation In Its Entirety) 272 5.16 Case Study: Hedging Forecast Sale and Subsequent Receivable with a Range Accrual (Splitting Approach) 282 5.17 Hedging On A Group Basis – The Treasury Centre Challenge 287 5.18 Hedging Forecast Intragroup Transactions 292 Chapter 6 Hedging Foreign Subsidiaries 295 6.1 Stand-Alone Versus Consolidated Financial Statements 297 6.2 The Translation Process 298 6.3 The Translation Differences Account 300 6.4 Special Items That Are Part of a Net Investment 301 6.5 Effect Of Minority Interests on Translation Differences 303 6.6 Hedging Net Investments In Foreign Operations 303 6.7 Case Study: Accounting for Net Investments In Foreign Operations 304 6.8 Case Study: Net Investment Hedge with a Forward 311 6.9 Case Study: Net Investment Hedge Using Foreign Currency Debt 322 6.10 Net Investment Hedging With Cross-Currency Swaps 328 6.11 Case Study: Net Investment Hedge with a Floating-To-Floating Cross-Currency Swap 329 6.12 Case Study: Net Investment Hedge with a Fixed-To-Fixed Cross-Currency Swap 336 6.13 Case Study: Hedging Intragroup Foreign Dividends 344 6.14 Case Study: Hedging Foreign Subsidiary Earnings 353 6.15 Case Study: Integral Hedging of an Investment in a Foreign Operation 364 Chapter 7 Hedging Interest Rate Risk 371 7.1 Common Interest Rate Hedging Strategies 371 7.2 Separation Of Embedded Derivatives in Structured Debt Instruments 373 7.3 Interest Accruals 375 7.4 Most Common Interest Rate Derivative Instruments 376 7.5 Case Study: Hedging a Floating Rate Liability With an Interest Rate Swap 376 7.6 Case Study: Hedging A Floating Rate Liability With a Zero-Cost Collar 385 7.7 Implications of Interest Accruals and Credit Spreads 397 7.8 Case Study: Hedging a Fixed Rate Liability With an Interest Rate Swap 401 7.9 Case Study: Hedging A Future Fixed Rate Issuance with an Interest Rate Swap 416 7.10 Case Study: Hedging A Future Floating Rate Issuance with an Interest Rate Swap 426 7.11 Case Study: Hedging A Fixed Rate Liability with a Swap In Arrears 436 7.12 Case Study: Hedging A Floating Rate Liability with a Kiko Collar 448 Chapter 8 Hedging Foreign Currency Liabilities 469 8.1 Case Study: Hedging a Floating Rate Foreign Currency Liability with a Receive-Floating Pay-Floating Cross-Currency Swap 469 8.2 Case Study: Hedging a Fixed Rate Foreign Currency Liability with a Receive-Fixed Pay-Floating Cross-Currency Swap 493 8.3 Case Study: Hedging A Floating Rate Foreign Currency Liability with a Receive-Floating Pay-Fixed Cross-Currency Swap 515 8.4 Case Study: Hedging A Fixed Rate Foreign Currency Liability with a Receive-Fixed Pay-Fixed Cross-Currency Swap 538 Chapter 9 Hedging Equity Risk 563 9.1 Recognition of Equity Investments In Other Companies 563 9.2 Debt Versus Equity Classification of Own Instruments 565 9.3 Hybrid Securities – Preference Shares From an Issuer’s Perspective 567 9.4 Convertible Bonds – Issuer’s Perspective 569 9.5 Convertible Bonds – Investor’s Perspective 572 9.6 Derivatives on Own Equity Instruments 572 9.7 Case Study: Accounting For A Stock Lending Transaction 573 9.8 Case Study: Accounting for a Mandatory Convertible Bond from an Issuer’s Perspective 578 9.9 Case Study: Accounting for a Convertible Bond from an Issuer’s Perspective 583 9.10 Case Study: Hedging Step-Up Callable Perpetual Preference Shares 590 9.11 Case Study: Base Instruments Linked To Debt Instruments 596 9.12 Case Study: Parking Shares Through a Total Return Swap 596 9.13 Case Study: Hedging an Equity Investment with a Put Option 601 9.14 Case Study: Selling A Forward on Own Shares 610 Chapter 10 Hedging Stock-Based Compensation Plans 617 10.1 Types And Terminology of Stock-Based Compensation Plans 617 10.2 Accounting for Equity-Based Compensation Plans 619 10.3 Case Study: ABC’s Share-Based Plans 624 10.4 Main SOP/SAR Hedging Strategies 632 10.5 Case Study: Hedging a Stock Option Plan with an Equity Swap 641 10.6 Case Study: Hedging an SAR Plan with a Call 647 Chapter 11 Hedging Commodity Risk 655 11.1 Main Commodity Underlyings 655 11.2 Lease, Derivative and Own-Use Contracts 655 11.3 Categorisation According to Settlement Terms 658 11.4 Case Study: Hedging Gold Production with a Forward – Own-Use Application 659 11.5 Case Study: Raising Financing Through a Gold Loan 662 11.6 Case Study: Hedging a Silver Purchase Firm Commitment with a Forward – Fair Value Hedge 664 11.7 Case Study: Hedging Commodity Inventory with Futures 672 11.8 Case Study: Hedging a Highly Expected Purchase Of Oil With Futures and an FX Forward – Cash Flow Hedge 680 11.9 Case Study: Airline Jet Fuel Consumption Hedge With Jet Fuel and Crude Oil – Risk Component 691 Chapter 12 Hedging Inflation Risk 709 12.1 Inflation Markets – Main Participants and Indices 709 12.2 Inflation-Linked Bonds 714 12.3 Inflation Derivatives 716 12.4 Inflation Risk Under IFRS 9 725 12.5 Case Study: Hedging Revenues Linked To Inflation 727 12.6 Matching An Inflation-Linked Asset with a Floating Rate Liability 738 Chapter 13 Hedge Accounting: A Double-Edged Sword 741 13.1 Positive Influence on The Profit or Loss Statement 742 13.2 Substantial Operational Resources 743 13.3 Limited Access to Hedging Alternatives 744 13.4 Risk of Reassessment of Highly Probable Transactions 744 13.5 Low Compatibility With Portfolio Hedging 745 13.6 Final Remarks 746 Index 749

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Book SynopsisFrom the CEO of Umpqua Bank, the essential leadership practices that allowed the West Coast's largest independent community bank to emerge from the economic crisis even stronger than before.Trade Review“Ray and his colleagues have remained true to their values, their belief system, their distinctive point of view about what their company could be and the role it could play in their customers’ lives. In a book filled with powerful insights, pragmatic takeaways, and colorful stories, this to me is Ray’s ultimate lesson, and one that applies in good times and tough times.” —From the Foreword by William C. Taylor “I’ve always believed that great leaders know when to stay the course, adjust, and reinvent. Ray Davis articulates this and much more in Leading Through Uncertainty, helping leaders understand the importance of outlining a vision and strategy. Ray’s smart and practical thoughts on leadership provide great insight, and leaders at all levels will benefit from reading this book.” —John Chambers, chairman and CEO, Cisco “Ray Davis understands the complexities of leading effectively regardless of the economic environment. The advice in Leading Through Uncertainty is excellent and will improve both your leadership skills and results.” — Tim Boyle, president and CEO, Columbia Sportswear “Ray Davis’s Leading Through Uncertainty is thoughtful, insightful, and—perhaps most importantly—fundamentally practical. For those who want to make a difference in their organization, this is a must-read.” —Diana Oreck, vice president, Ritz-Carlton Leadership Center “Not many companies can say they’ve emerged from the economic environment of the past few years stronger than they were before it began. Ray Davis can. In Leading Through Uncertainty, he shares the real-world insight and business practices that today’s leaders need to navigate the uncertainty and opportunity of the 21st century economy.” —Gary Hamel, author, What Matters Now “Ray Davis is that rare combination: a visionary with the straightforward voice of a pragmatist. He understands that today’s companies must be flexible, transparent, and customer-centric—and Leading Through Uncertainty provides a clear roadmap for anyone in a leadership position on how to get there.” —Ed Herlihy, partner, Wachtell LiptonTable of ContentsForeword by William C. Taylor ix Introduction: The Great Uncertainty xiii Part 1 Leading Yourself Chapter 1: The New Normal 3 Chapter 2: The Truth, Nothing But the Truth 23 Chapter 3: Problems and the Healing Process 39 Chapter 4: Control and Uncertainty 51 Chapter 5: Exercise Your Intuition 65 Part 2 Leading Your Organization Chapter 6: Be Really Good at the Basics 81 Chapter 7: The Value of a Value Proposition 91 Chapter 8: Be Available 103 Chapter 9: Motivate and Inspire 113 Chapter 10: Leverage Your Assets 125 Part 3 Leading the Way Chapter 11: Reputation Counts 137 Chapter 12: Create Buzz (But Manage Crisis) 147 Chapter 13: Build Momentum 161 Chapter 14: Practice Incremental Evolution 171 Conclusion: Lead On 181 Notes 185 Acknowledgments 191 About the Authors 193 Index 195

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Book SynopsisAn accessible guide to the multivariate time series tools used in numerous real-world applications Multivariate Time Series Analysis: With R and Financial Applications is the much anticipated sequel coming from one of the most influential and prominent experts on the topic of time series.Table of ContentsPreface xv Acknowledgements xvii 1 Multivariate Linear Time Series 1 1.1 Introduction, 1 1.2 Some Basic Concepts, 5 1.3 Cross-Covariance and Correlation Matrices, 8 1.4 Sample CCM, 9 1.5 Testing Zero Cross-Correlations, 12 1.6 Forecasting, 16 1.7 Model Representations, 18 1.8 Outline of the Book, 22 1.9 Software, 23 Exercises, 23 2 Stationary Vector Autoregressive Time Series 27 2.1 Introduction, 27 2.2 VAR(1) Models, 28 2.3 VAR(2) Models, 37 2.4 VAR(p) Models, 41 2.5 Estimation, 44 2.6 Order Selection, 61 2.7 Model Checking, 66 2.8 Linear Constraints, 80 2.9 Forecasting, 82 2.10 Impulse Response Functions, 89 2.11 Forecast Error Variance Decomposition, 96 2.12 Proofs, 98 Exercises, 100 3 Vector Autoregressive Moving-Average Time Series 105 3.1 Vector MA Models, 106 3.2 Specifying VMA Order, 112 3.3 Estimation of VMA Models, 113 3.4 Forecasting of VMA Models, 126 3.5 VARMA Models, 127 3.6 Implications of VARMA Models, 139 3.7 Linear Transforms of VARMA Processes, 141 3.8 Temporal Aggregation of VARMA Processes, 144 3.9 Likelihood Function of a VARMA Model, 146 3.10 Innovations Approach to Exact Likelihood Function, 155 3.11 Asymptotic Distribution of Maximum Likelihood Estimates, 160 3.12 Model Checking of Fitted VARMA Models, 163 3.13 Forecasting of VARMA Models, 164 3.14 Tentative Order Identification, 166 3.15 Empirical Analysis of VARMA Models, 176 3.16 Appendix, 192 Exercises, 194 4 Structural Specification of VARMA Models 199 4.1 The Kronecker Index Approach, 200 4.2 The Scalar Component Approach, 212 4.3 Statistics for Order Specification, 220 4.4 Finding Kronecker Indices, 222 4.5 Finding Scalar Component Models, 226 4.6 Estimation, 237 4.7 An Example, 245 4.8 Appendix: Canonical Correlation Analysis, 259 Exercises, 262 5 Unit-Root Nonstationary Processes 265 5.1 Univariate Unit-Root Processes, 266 5.2 Multivariate Unit-Root Processes, 279 5.3 Spurious Regressions, 290 5.4 Multivariate Exponential Smoothing, 291 5.5 Cointegration, 294 5.6 An Error-Correction Form, 297 5.7 Implications of Cointegrating Vectors, 300 5.8 Parameterization of Cointegrating Vectors, 302 5.9 Cointegration Tests, 303 5.10 Estimation of Error-Correction Models, 313 5.11 Applications, 319 5.12 Discussion, 326 5.13 Appendix, 327 Exercises, 328 6 Factor Models and Selected Topics 333 6.1 Seasonal Models, 333 6.2 Principal Component Analysis, 341 6.3 Use of Exogenous Variables, 345 6.4 Missing Values, 357 6.5 Factor Models, 364 6.6 Classification and Clustering Analysis, 386 Exercises, 394 7 Multivariate Volatility Models 399 7.1 Testing Conditional Heteroscedasticity, 401 7.2 Estimation of Multivariate Volatility Models, 407 7.3 Diagnostic Checks of Volatility Models, 409 7.4 Exponentially Weighted Moving Average, 414 7.5 BEKK Models, 417 7.6 Cholesky Decomposition and Volatility Modeling, 420 7.7 Dynamic Conditional Correlation Models, 428 7.8 Orthogonal Transformation, 434 7.9 Copula-Based Models, 443 7.10 Principal Volatility Components, 454 Exercises, 461 Appendix A Review of Mathematics and Statistics 465 A.1 Review of Vectors and Matrices, 465 A.2 Least-Squares Estimation, 477 A.3 Multivariate Normal Distributions, 478 A.4 Multivariate Student-t Distribution, 479 A.5 Wishart and Inverted Wishart Distributions, 480 A.6 Vector and Matrix Differentials, 481 Index 489

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Book SynopsisBrings global macro trading down to earth for individual and professional traders, investors and asset managers, as well being a useful reference handbook Global Macro Trading is an indispensable guide for traders and investors who want to trade Global Macro it provides Trading Strategies and overviews of the four asset classes in Global Macro which include equities, currencies, fixed income and commodities. Greg Gliner, who has worked for some of the largest global macro hedge funds, shares ways in which an array of global macro participants seek to capitalize on this strategy, while also serving as a useful reference tool. Whether you are a retail investor, manage your own portfolio, or a finance professional, this book equips you with the knowledge and skills you need to capitalize in global macro. Provides a comprehensive overview of global macro trading, which consists of portfolio construction, risk management, biases and essentials to query buildi

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Book SynopsisA leading expert unveils his unique methodology for options trading Options provide a high leverage approach to trading that can significantly limit the overall risk of a trade or provide additional income. Yet, many people fail to capitalize on this potentially lucrative opportunity because they mistakenly believe that options are risky. Now options expert Andrew Keene helps aspiring investors to enter this sector by explaining the principles of the options market and showing readers how to utilize calls and puts successfully. Leading options expert Andrew Keene demystifies the basics of options trading Debunks the myth that call purchases are synonymous with being bullish and that put purchases are bearish Lays out in detail two distinct proprietary trading plans readers can follow Explains how to trade using market maker techniques and tricks from the trading floor to help with his probabilities in options trading AndreTable of ContentsPreface xiii Acknowledgments xix Chapter 1 Introduction 1 I Love to Trade 1 From Young Clerk to Respected Market Maker 2 Trading Career at the CBOE 3 The AAPL King 4 From Trading Pit Hotshot to Retail Trader 5 The Live Trading Room: From Options 101 to Complex Strategies 6 Questions 7 Chapter 2 The Life of a Professional Trader 9 Perks of Being a Trader 10 Not Quite as Glamorous as Everyone Thinks 11 The Rollercoaster of Trading 11 This is Not Monopoly Money 12 It Takes Money to Make Money 12 The Setup 13 Trading Expenses and Opportunity Cost 14 Sticking to a Plan 15 Questions 15 Chapter 3 Trading for a Living: Hobby or Career? 17 Trading for Amusement 17 Enjoying Your Profits 18 Moving from Amateur to Professional 19 Moving from Simulated Account to Real Trading 19 Moving from Simple to Complex Strategies 20 Investing in Your Options Education 20 Go Slow, Go Pro 21 Defining Goals 22 Questions 22 Chapter 4 Who the Players Are: Market Makers 25 DPMs 26 The Death of Market Makers 26 Retail Traders 27 Hedge Funds 28 Institutional Traders 29 Options Exchanges 30 Questions 31 Chapter 5 Options Brokers and Platforms: The Right Options Broker for You 33 Full-Service Brokers and Options Trading 34 Discount Brokerage Firms 35 Researching Discount Brokers Firms 36 Options Brokerage Firms’ Fees 37 Use of Margin 37 Automatic Liquidation 38 Questions 39 Chapter 6 Technical Trading: Security Timing Tactics 41 Support and Resistance Levels 43 What is a Gap? 43 Dow Theory 44 Elliott Wave Theory 44 Moving Averages 45 Fifty-Day Moving Average 45 Forty-Week Moving Average 45 Magnets and Targets 46 The Stochastic 46 Other Charts, Technical Indicators, and Money Supply 46 Japanese Candlestick Charts 47 Disadvantages to Moving Averages 47 The Ichimoku Cloud 47 Summary 48 Questions 48 Chapter 7 Reading the Market and Implied Volatility: Market Sentiment 51 Make Money in Any Direction 51 The Concept of Beta 52 When to Be on the Sidelines 53 Questions 54 Chapter 8 Options Basics Primer: What are Options? 57 What are Derivatives? 57 What are Calls and Puts? 57 What is an Underlying? 59 Options: A Deeper Look 60 Another Example in the GLD 60 Options Premium 61 Options Definitions 62 Option Pricing: Complex Models 62 Questions 64 Chapter 9 The Greeks 67 Delta 67 Gamma 68 Theta 69 Rho 70 Vega 70 Questions 71 Chapter 10 Call and Put Trading Strategies 73 Long Calls 73 Using Calls Bearishly 75 Long Puts 76 Using Puts Bullishly 78 Selling Options 79 Time Decay with Short Options 80 Short Calls 80 Short Puts 82 Deeper Look at OTM Calls and Puts 85 Is Risk versus Reward of the Option Trade Limited or Unlimited? 85 Where is Breakeven on an Option Trade? 86 Questions 86 Chapter 11 Why is Everyone Long Stock?: How to Use Options for a Hedge 89 The American Dream 90 I Have Insurance on Almost Everything 91 The Famous Covered Call 92 The Zero-Cost Collar 95 Summary 98 Questions 98 Chapter 12 What are Synthetic Options Positions? 101 Synthetic Long Stocks 101 Synthetic Long Stock = Long Call + Short Put 103 Synthetic Short Stock = Short Call + Long Put 105 The Goal of Making Synthetics 107 Synthetic Long Call = Long Stock + Long Put – Strike Price 107 Synthetic Short Call = Short Stock + Short Put – Strike Price 109 Synthetic Long Put = Long Call + Strike Price – Short Stock Price 110 Synthetic Short Put = Short Call + Strike Price – Long Stock Price 112 Questions 114 Chapter 13 What is Volatility and How Does It Affect Options? 117 Basics of Volatility and Options Trading 117 Historical Volatility 118 Implied Volatility 118 Volatility is a Trader’s Best Friend 121 CBOE’S VIX Index 122 CBOE’s VIX: More Than a Fear Indicator 123 Contango versus Backwardation 123 Questions 124 Chapter 14 Various Uses of Options and Why I Love to Trade Them 127 Leverage 127 Flexibility 130 Risk Control 130 Trader’s Edge 130 Hedge versus Speculation 131 Complex Options Strategies 132 “If Only I Had Bought Those Calls!” 133 When in Doubt, Hands Out 134 What It Takes to Make a Bigger Trade 134 Questions 136 Chapter 15 More Complex Options Strategies 139 Long Straddles and Strangles 139 Short Straddles and Strangles: Beware Blowout Risk! 143 Butterflies and Condors 146 Questions 153 Chapter 16 Managing Trades on Expiration 155 Long Call—Long the FB November 23 Calls 156 Short Call—Short the AAPL November 500 Calls 158 Long Put—Long the MSFT November 27 Puts 159 Short Put—Short the GOOG November 650 Puts 160 More Complex Trades 161 Long Call Spread—Long the FB November 23-25 Call Spread 161 Short Call Spread—Short the AAPL November 500-520 Call Spread 162 Long Put Spread—Long the MSFT November 27-25 Put Spread 164 Short Put Spread—Short the GOOG November 650-630 Put Spread 165 Long Straddle—Long the FB Nov 23 Straddle 166 Short Straddle—Short the MSFT November 27 Straddle 167 Long Strangle—Long the AAPL November 480-500 Strangle 168 Short Strangle—Sell the GOOG November 650-670 Strangle 170 Short Iron Condor—Selling the FB November 23-21 Put Spread and Selling the FB November 25-27 Call Spread 171 Short Condor—Short the MSFT November 27 Straddle and Long the 25 Put–29 Call Strangle 173 Long Call Butterfly—Long the FB November 23-25-27 Call Fly 174 Long Put Butterfly—Long the MSFT November 27-25-23 Put Fly 176 Questions 178 Chapter 17 Andrew Keene’s Non-Blowout Trading Plan: How Much of Your Portfolio Can You Risk? 181 Trading Pepsi Back in the Day 181 Now That I’m Upstairs . . . 183 Limiting Your Exposure to a Percentage of Your Total Book 184 Andrew Keene’s Confidence Scale: Ranking Every Trade from 1 to 5 185 Every Trade is a Percentage of My Book 188 Andrew Keene’s Non-Blowout Trading Plan 189 Questions 192 Chapter 18 Andrew Keene’s OCRRBTT Trading Plan 195 Story of the OCRRBTT Trading Plan 195 Reading Options Paper 196 What Call and Put Volume Means to a Trader 197 How Insiders Read Paper 198 Using the OCRRBTT Trading Plan 199 Conclusion 201 Questions 202 Chapter 19 Trading Earnings (HIMCRIBBIT ) 205 HIM: Historical, Implied, Measured 205 Which Type of Option? 207 C: Chart 207 RRBTT: Risk versus Reward, Breakeven, Time, and Target 208 Calendars and Advanced Topics 210 Trading for a Living 210 Confidence Scale 211 Tricks and Tips 212 Questions 215 Conclusion 217 Answers to End-of-Chapter Questions 219 About the Author 223 Index 225

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Book SynopsisHere's what you should know to manage data records efficiently With proper electronic data management, your business can lower costs, improve efficiency, eliminate duplication, and be protected in the event of a lawsuit.Table of ContentsIntroduction 1 About This Book 1 Conventions Used in This Book .2 Foolish Assumptions .2 How This Book Is Organized 2 Part I: Setting the Stage .3 Part II: Filing Made Simple 3 Part III: Capturing Records .3 Part IV: Parking Spaces .3 Part V: Creating a Plan 4 Part VI: The Part of Tens .4 Bonus Content: Appendix .4 What You’re Not to Read 4 Icons Used in This Book .5 Where to Go from Here .5 Part I: Setting the Stage 7 Chapter 1: Fundamentally Speaking .9 The Inside Scoop — Terms and Terminologies .10 What is information? .10 For the record 10 Business value 11 Nonvalue .11 The information life cycle .12 Grooving with the records (and the information retention schedule) 13 Hold on! .13 Role Playing 13 The Records and Information Manager 14 The evolution of the records manager 15 The big bang! 15 School is in session 16 I can associate with that .17 Let me see your credentials .17 I’ve got to do what?! .20 The written word .20 Professionally speaking 22 I’m Excited — Why Aren’t You? .23 Core function junction 23 Show me the benefits! .23 Trimming expenses .24 Improving efficiencies .26 Increasing staff productivity 27 Risky business 28 Creating your support group .29 Marketing Your Program 33 Chapter 2: Appraising .35 Preparing for the Appraisal 35 Push for the purge .36 Don’t forget the hard drives .37 Choosing an Appraisal Method .39 A method to the madness .39 The good and the good .40 Conducting the Appraisal .42 Capturing appraisal information 43 Taking inventory 43 Going through with an interview .44 Quizzing with a questionnaire 45 Documenting the appraisal 45 Processing the appraisal results 48 Chapter 3: Scheduling .49 Keeping Your Options Open 50 Working with the Departmental retention schedule .50 Scheduling based on function 52 Bring out the big buckets 54 Conducting the Investigation .56 Considering the value 57 Researching retention periods .58 Mining your natural resources .59 Assigning retention periods to nonrecord information 61 Looking for Approval 62 Department management .62 Paying a visit to the Tax department 62 Legalizing your retention 63 Creating the Retention Schedule Document 63 The pieces to the retention schedule puzzle .63 Sampling retention schedule forms .67 Implementing the Retention Schedule 68 Keeping it electronic .69 Providing direction 69 Updating the Retention Schedule 70 Part II: Filing Made Simple 73 Chapter 4: I Know It’s Here Somewhere .75 Filing Methods 75 The alpha file 76 The numbers don’t lie .77 Filing alphanumerically .78 Evaluating Filing Equipment and Supplies .80 The right equipment makes a difference 80 File folders under “important” .86 Selecting a Filing Method 90 Creating a records profile .91 Growing, growing — gone! 91 Evaluating the current state of affairs .92 Creating a Digital Filing System .92 Drawing the parallels .92 Naming folders and files 95 Chapter 5: Drives Can Drive You Crazy 97 At-Risk Drivers .97 Out of sight — out of mind .98 Driving up the costs 98 Driving down function lane 99 Cleaning Up Your Driving Record .99 Taking time to know your drives .100 Mapping a course of action 101 Creating a folder structure .102 Administering shared drives 104 Planning the file review .107 Reviewing files 108 Cleaning up with software 110 Maintaining Your Drives .110 Creating a usage policy .111 Relying on the administrator 111 Using software to maintain your drives 112 Chapter 6: A Message about E-Mail .113 The Anatomy of an E-Mail .113 Determining the value of the message 114 Scheduling time for e-mail 115 The rising risks of e-mail .116 Managing quotas 117 Filing the Message .118 PSSST! What you need to know about PST folders 118 MSG can be good for your informational health 120 Naming e-mail .122 Using Software to Manage E-Mail 125 E-mail archiving systems 125 Optimizing with DM and ECM applications 125 Part III: Capturing Records 127 Chapter 7: Watch Out, I’m Backing Up .129 Creating a Backup Plan .129 Identifying different types of backups 130 Finding a place to back up 131 Distinguishing between backups and archives 132 The tale of the mystery tape 134 Managing Backups .135 Determining what needs to be backed up 135 Applying retention to backups .136 Creating a data retention schedule .137 Deleting backed-up and archived information .139 Chapter 8: Know When to Hold ’em .141 Discovering Discovery 141 Initiating a Legal Hold .143 The components of a legal hold .143 Organizing the search party .145 Searching in the dark .146 E-mail — the smoking gun 147 Keying in on keywords 148 Searching made simple .150 Preserving what you find 150 Maintaining the legal hold 150 We have liftoff .151 Chapter 9: Imaging Documents .153 From Paper to Paperless 153 Understanding the basics of document imaging .154 Benefiting from an image makeover 155 To Image, or Not to Image 156 Conducting an imaging needs assessment .156 Stepping through the imaging process .158 Prep school .158 Scanning documents .161 Recognizing a good thing when you see it .161 Applying indexes 162 Controlling the quality 164 Determining Your Imaging Approach .165 What happens in-house stays in-house 165 Equipping your imaging operation 166 Gathering Requirements .170 Conducting a document analysis .170 End of the beginning 171 Calculating the Return on Investment (ROI) 172 Investing in the benefits 172 Knowing your customer 173 Valuating the benefits 174 Evaluating Imaging Hardware and Software 175 Examining document scanners 175 The role of document-imaging software .177 Chapter 10: Software Applications 179 Examining Software Options 179 Laying the software foundation .180 Types of software 181 Assessing Your Needs .187 Calculating the return on investment (ROI) .188 Identifying your “pain points” 189 Conducting a requirements analysis .189 Evaluating Vendors .191 Determining your evaluation approach 191 Using business-use cases 192 Detailing the results .192 It’s not all about functionality 193 Comparing the results .195 Guiding You through Implementation 195 Why implementations fail .196 How to ensure that your implementation is a success! 197 Part IV: Parking Spaces 199 Chapter 11: Storage Locations .201 Storing Inactive Records Onsite 201 Protecting your inactive records .202 Implementing access control procedures 203 Optimizing your inactive storage 205 Getting to Know the Record Storage Vendor .207 Understanding the fee structure 207 Making sure that your requirements are met 209 Contracting with the vendor 210 Chapter 12: Compliant Destruction .213 Determining the Appropriate Destruction Method .213 Deciding on Your Shredding Approach 214 Shredding your own documents 214 Getting to know the shredders themselves 216 Outsourcing your shredding 217 Selecting the Right Shred Vendor 218 How to ensure that electronic information is unrecoverable 218 Establishing your shredding requirements 219 Developing an Information Destruction Policy 221 If you can’t do it, don’t include it .222 Elements of an effective destruction policy .222 Part V: Creating a Plan 225 Chapter 13: Codifying the Policies .227 Developing a Records and Information Management Policy .227 Understanding what a policy is (and isn’t) 228 The basic characteristics of a good policy .228 Talking records and information .229 Making the Policy Available .230 Distributing the hard copy .231 Attaching a soft copy .231 The missing link .232 Auditing the Policy 233 Developing an audit plan 233 Determining what to audit 234 Communicating the audit .236 Documenting the audit findings .236 Chapter 14: Train the Troops .237 I’m Aware of That! 237 From the top .238 What’s in it for me? 238 Creating a creative awareness campaign .239 Developing a Training Plan 241 Deciding on the curriculum 241 One size doesn’t always fit all 242 How refreshing .242 Training the Masses 243 How much time do I have? 243 Face-time training 244 Webinars .244 Intranet-based training 245 Part VI: The Part of Tens 247 Chapter 15: Ten Simple Management Guidelines .249 Limiting E-Mail Attachments 249 Knowing How to Dispose of Information 251 Structuring Electronic Folders .252 Naming Files .252 Managing Active and Inactive Periods 253 Scheduling Destruction and Deletion .254 Creating the Proper Filing System .254 Avoiding the “Keep Everything” Syndrome .255 Managing Copies 255 Keeping It Simple .257 Chapter 16: Ten Emerging Trends .259 Governing Information 259 Computing in the Clouds 260 Big Data .261 Social Media .262 Putting Some Structure to It .263 Let’s Collaborate 264 Generally Accepted Recordkeeping Principles .265 Mapping Your Data 266 Enterprise Searching .267 Don’t Get Duped 268 Appendix: Sample Forms and Vendor Listings 269 Index 281

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Book SynopsisUnique insights to implement big data analytics and reap big returns to your bottom line Focusing on the business and financial value of big data analytics, respected technology journalist Frank J. Ohlhorst shares his insights on the newly emerging field of big data analytics in Big Data Analytics.Table of ContentsPreface ix Acknowledgments xiii Chapter 1 What Is Big Data? 1 The Arrival of Analytics 2 Where Is the Value? 3 More to Big Data Than Meets the Eye 5 Dealing with the Nuances of Big Data 6 An Open Source Brings Forth Tools 7 Caution: Obstacles Ahead 8 Chapter 2 Why Big Data Matters 11 Big Data Reaches Deep 12 Obstacles Remain 13 Data Continue to Evolve 15 Data and Data Analysis Are Getting More Complex 17 The Future Is Now 18 Chapter 3 Big Data and the Business Case 21 Realizing Value 22 The Case for Big Data 22 The Rise of Big Data Options 25 Beyond Hadoop 27 With Choice Come Decisions 28 Chapter 4 Building the Big Data Team 29 The Data Scientist 29 The Team Challenge 30 Different Teams, Different Goals 31 Don’t Forget the Data 32 Challenges Remain 32 Teams versus Culture 34 Gauging Success 35 Chapter 5 Big Data Sources .37 Hunting for Data 38 Setting the Goal 39 Big Data Sources Growing 40 Diving Deeper into Big Data Sources 42 A Wealth of Public Information 43 Getting Started with Big Data Acquisition 44 Ongoing Growth, No End in Sight 46 Chapter 6 The Nuts and Bolts of Big Data 47 The Storage Dilemma 47 Building a Platform 52 Bringing Structure to Unstructured Data 57 Processing Power 59 Choosing among In-house, Outsourced, or Hybrid Approaches 61 Chapter 7 Security, Compliance, Auditing, and Protection 63 Pragmatic Steps to Securing Big Data 64 Classifying Data 65 Protecting Big Data Analytics 66 Big Data and Compliance 67 The Intellectual Property Challenge 72 Chapter 8 The Evolution of Big Data 77 Big Data: The Modern Era 80 Today, Tomorrow, and the Next Day 84 Changing Algorithms 90 Chapter 9 Best Practices for Big Data Analytics 93 Start Small with Big Data 94 Thinking Big 95 Avoiding Worst Practices 96 Baby Steps 98 The Value of Anomalies 101 Expediency versus Accuracy 103 In-Memory Processing 104 Chapter 10 Bringing It All Together 111 The Path to Big Data 112 The Realities of Thinking Big Data 113 Hands-on Big Data 115 The Big Data Pipeline in Depth 116 Big Data Visualization 121 Big Data Privacy 122 Appendix Supporting Data 125 “The MapR Distribution for Apache Hadoop” 126 “High Availability: No Single Points of Failure” 142 About the Author 151 Index 153

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