Search results for ""Portfolio""

In the beginning, there were four financial instruments: a bank deposit, a bill of exchange, a bond, and an equity. Today, as a result of a steady stream of financial innovations, the market landscape is far less sparse-and far more complex. To help you maneuver smoothly and profitably within this crowded and much-evolved arena, Julian Walmsley's New Financial Instruments has been thoroughly revised and expanded to include complete coverage of all the new financial instruments available to market practitioners. New Financial Instruments, Second Edition offers a clear, practical perspective on the shifts and changes behind today's dizzying proliferation of market tools and techniques. Its in-depth examination of both international and domestic markets probes the nature, causes, and consequences of financial innovation, as well as the ins and outs, advantages and disadvantages of the myriad products engendered by change. New Financial Instruments, Second Edition is a comprehensive, comparative guide offering concise descriptions of convertibles, warrants, preferred stocks, and other instruments. In addition, Walmsley's clear-eyed analysis distills the latest variations in areas such as barrier options, asset-backed securities, credit derivatives, structured notes, and equity derivatives. There's important information on the origin and methodology of each innovative technique, as well as essential details on the risks, rewards, and key considerations that must be understood before deciding on one instrument over another. New Financial Instruments, Second Edition takes you step-by-step through a wide range of procedures, revealing how to: * Analyze risk level and return * Use interest rates and currency swaps in synthetic securities * Value exotic options, weighing the risks they entail against the leverage they provide The book also addresses such key topics as: * Basic analytical tools-present value calculations, zero-coupon curves, modern portfolio theory, value at risk, continuous compounding * Securitization-transferable loan instruments, Eurocommercial paper, and asset-backed securities * Swaps-interest rate, currency, diff, zero coupon, asset, and equity * Options-barrier, binary, cliquet, ladder, rainbow, shout * Mortgage-backed securities-market development, superfloaters and inverse superfloaters, PAC bonds, reverse PACs and lockouts, TAC bonds Supported by extensive illustrations and working examples, this indispensable resource is a must for anyone seeking to understand and apply the latest financial innovations. A comprehensive guide to today's new financial instruments-what they are, how they work, and how you can profit from them Written by an expert practitioner in the field, this up-to-date, systematic guide takes you through the ins and outs, advantages and disadvantages, risks and rewards of today's sophisticated new financial tools and techniques. Now revised and expanded, New Financial Instruments has complete coverage of bonds, equities, warrants, and other traditional vehicles, as well as a comprehensive overview of the latest developments in asset- and mortgage-backed securities, credit and equity derivatives, convertibles, and preferred stocks. "With the flood of innovations we have seen in international finance in recent years there was a great need for a succinct, comprehensive survey of the field. New Financial Instruments fills that need admirably."-Professor Brian Scott-Quinn, ISMA Centre, University of Reading, U.K. (www.ismacentre.rdg.ac.uk) "For the practitioner to keep up with innovations across a wide range of markets is always difficult. This book will be a great help to those who need to bring themselves up to date with a great variety of markets."-John Langton, Chief Executive, International Securities Market Association, Zurich

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An up-to-date, accurate framework for credit analysis and decision making, from the experts at Standard & Poor's"In a world of increasing financial complexity and shorter time frames in which to assess the wealth or dearth of information, this book provides an invaluable and easily accessible guide of critical building blocks of credit analysis to all credit professionals." --Apea Koranteng, Global Head, Structured Capital Markets, ABN AMRO"The authors do a fine job of combining latest credit risk management theory and techniques with real-life examples and practical application. Whether a seasoned credit expert or a new student of credit, this is a must read book . . . a critical part of anyone's risk management library."--Mark T. Williams, Boston University, Finance and Economics Department"At a time when credit risk is managed in a way more and more akin to market risk, Fundamentals of Corporate Credit Analysis provides well-needed support, not only for credit analysts but also for practitioners, portfolio managers, CDO originators, and others who need to keep track of the creditworthiness of their fixed-income investments."--Alain Canac, Chief Risk Officer, CDC IXISFundamentals of Corporate Credit Analysis provides professionals with the knowledge they need to systematically determine the operating and financial strength of a specific borrower, understand credit risks inherent in a wide range of corporate debt instruments, and then rank the default risk of that borrower. Focusing on fundamental credit risk, cash flow modeling, debt structure analysis, and other important issues, and including separate chapters on country risks, industry risks, business risks, financial risks, and management, it guides the reader through every step of traditional fundamental credit analysis.In a dynamic corporate environment, credit analysts cannot rely solely on financial statistical analysis, credit prediction models, or bond and stock price movements. Instead, a corporate credit analysis must supply loan providers and investors with more information and detail than ever before. On top of its traditional objective of assessing a firm's capacity and willingness to pay its financial obligations in a timely manner, a worthy credit analysis is now expected to assess recovery prospects of specific financial obligations should a firm become insolvent.Fundamentals of Corporate Credit Analysis provides practitioners with the knowledge and tools they need to address these changing requirements. Drawing on the unmatched global resources and capabilities of Standard & Poor's, this valuable book organizes its guidelines into three distinct components: Part I: Corporate Credit Risk helps analysts identify all the essential risks related to a particular firm, and measure the firm through both a financial forecast and benchmarking with peers Part II: Credit Risk of Debt Instruments explains the impact of debt instruments and debt structures on a firm's recovery prospects should it become insolvent Part III: Measuring Credit Risk presents a scoring system to assess the capacity and willingness of a firm to repay its debt in a timely fashion and to evaluate recovery prospects in the event of financial distress In addition, a fourth component--Cases in Credit Analysis--examines seven real-life studies to provide examples of the book's theory and procedures in practice. Senior Standard & Poor's analysts explore diverse cases ranging from North and South America to Europe and the Pacific Rim, on topics covering mergers (AT&T-Comcast, MGM-Mirage, Kellogg-Keebler), foreign ownership in a merger (Air New Zealand-Ansett-Singapore Airlines), sovereign issues (Repsol-YPF), peer comparisons (U.S. forestry), and recovery analysis (Yell LBO). Industry "Keys to Success" are identified and analyzed in each cas

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All scheduling software is difficult to learn for a number of reasons. None have the optimal settings when installed and Layouts, User Preferences and default options need to be adjusted to obtain the best possible performance. Usually the Help files do not connect the user to real life situations and do not explain the practical use of functions. Furthermore, there are many flicks and switches with obscure names that are difficult to understand or decide what they do or which are important. These issues make learning the software very difficult without a comprehensive guide written by an experienced user. Investing in a book written by Paul E Harris will address all these issues and allow you to setup the software properly and understand all the obscure functions letting you become productive more quickly and enhance your career opportunities and salary with a solid understanding of the software. This book is an update of the author’s Primavera P6 Version 8 to 22 book and has been written so it may be used with any software industry version. The book is packed with screen shots, constructive tips and contains workshops with solutions at the end of each chapter for the reader to practice the skills taught. It has been written so it may be used with either the Professional Project Management Client version or the Enterprise Project Portfolio Management Optional Client. The book is aimed at: 1. People who wish learn the software but are unable to attend a training course and find the software reference manual hard going. 2. Project management companies who wish to run their own software training courses or provide their employees with an alternative text to the vendor supplied user manual. 3. Training organizations requiring a training manual to run their own training courses. The book is designed to teach planners and schedulers in any industry how to setup and use the software in a project environment. It explains in plain English and in a logical sequence, the steps required to create and maintain an unresourced and resourced schedule. It tackles some of the more complex aspects of the software that the user manual does not address. It highlights the sources of information and the methods that should be employed to produce a realistic and useful project schedule. The book provides advice on how on how the many software options may be applied to projects environments and it aims to teach readers how to plan and control projects created within the software package and stays focused on explaining how to use Primavera to schedule projects by: 1. Concentrating on the core functions required to set up an enterprise environment and how to plan and control projects. 2. Providing command lists at the start of each chapter as a quick reference. 3. Providing a comprehensive table of contents and index of all topics. The book is intended to be used: 1. As a self-teach book, or 2. A user guide, or 3. A training manual for a three-day training course, instructor PowerPoint slide shows are available from the author. This book is written by an experienced scheduler, who has used the software at the sharp end of projects and is not a techo. It draws on the author's practical experience in using the software in a wide variety of industries. It presents workable solutions to real day to day planning and scheduling problems and contains practical advice on how to set up the software and import data.

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The strategy that consistently gets high returns with low risk--because it knows when to adaptAfter examining more than two hundred years of data across dozens of markets and asset classes, the conclusion is clear: Momentum continually outperforms. However, most mainstream investors haven't had a way to fully discover and implement the benefits of momentum investing . . . until now! Whether you're an independent investor, investment professional, or money manager, Dual Momentum Investing enables you to consistently profit on major changes in relative strength and market trend.Based on the award-winning work of Gary Antonacci, an expert in modern portfolio theory and optimization, this groundbreaking guide presents an easy-to-understand, straightforward model that transforms momentum concepts into an actionable investing strategy called Global Equity Momentum (GEM). By combining relative-strength momentumand absolute momentum, this proven methodology lets you take advantage of intramarket trends while avoiding large drawdowns. A disciplined implementation of his proven strategy enhances the ability of every trader to: Lock in profi ts and mitigate risk with a minimal number of switches per year among US equities, non-US equities, and bonds Establish meaningful control over investment risk once an asset's value begins to decline Remove emotional and behavioral biases from your decision making while taking advantage of these same biases in other traders to achieve exceptional returns Each facet of GEM is explained with simple clarity using the perfect amount of supporting theory, historicalanalysis, and understandable data. Pragmatic techniques come to life with real-world relevance that both deepens your understanding of why dual momentum trading works and better prepares you for using it with your own investments. From picking a cost-effective brokerage firm, to making asset choices, to customizing your strategy as you near retirement--this reliable guide helps you do it all with the confidence you'll gain through repeated success.You put a lot into earning your wealth; now take the next step with Dual Momentum Investing and properly protect it while it's working for you.PRAISE FOR DUAL MOMENTUM INVESTING:"Gary Antonacci takes us on a comprehensive tour of investment methods, exploring their strengths and weaknesses, and lays out a strong case for combining absolute and relative momenta. I consider Dual Momentum Investing as an essential reference for system designers, money managers, and investors." -- ED SEYKOTA"Gary Antonacci's Dual Momentum Investing is what happens when Ed Thorpe's Beat the Dealer meets Seth Klarman's Margin of Safety. This is an ambitious and must-have book." -- CLAUDE ERB, retired Managing Director, TCW Group, Inc."Antonacci presents a clear and scholarly sound case for the success of a simple momentum-based strategy. Give it a try; you'll be hooked!" -- JOHN NOFSINGER, PhD, Seward Chair of Finance, University of Alaska Anchorage, and author of The Psychology of Investing"A treasure of well-researched, momentum-driven investing processes. Antonacci clearly shows a number of different methods that anyone who is serious about a long-term strategy will find easy to implement. This is one of those five-star books; it is logical and easy to grasp." -- GREGORY L. MORRIS, Chief Technical Analyst and Investment Committee Chairman, Stadion Money Management, LLC, and author of Investing with the Trend"A must-read for both individual investors as well as financial advisors. It will forever change the way you think about developing investment and asset allocation strategies." -- DR. BOB FROEHLICH, retired Vice Chairman, Deutsche Asset Management

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The latest developments in chaos theory - from an industry expert Chaos and Order in the Capital Markets was the first book to introduce and popularize chaos as it applies to finance. It has since become the classic source on the topic. This new edition is completely updated to include the latest ripples in chaos theory with new chapters that tie in today's hot innovations, such as fuzzy logic, neural nets, and artificial intelligence. Critical praise for Peters and the first edition of Chaos and Order in the Capital Markets "The bible of market chaologists." - BusinessWeek "Ed Peters has written a first-class summary suitable for any investment professional or skilled investor." - Technical Analysis of Stocks & Commodities "It ranks among the most provocative financial books of the past few years. Reading this book will provide a generous payback for the time and mental energy expended." - Financial Analysts Journal This second edition of Chaos and Order in the Capital Markets brings the topic completely up to date with timely examples from today's markets and descriptions of the latest wave of technology, including genetic algorithms, wavelets, and complexity theory. Chaos and Order in the Capital Markets was the very first book to explore and popularize chaos theory as it applies to finance. It has since become the industry standard, and is regarded as the definitive source to which analysts, investors, and traders turn for a comprehensive overview of chaos theory. Now, this invaluable reference - touted by BusinessWeek as "the bible of market chaologists" - has been updated and revised to bring you the latest developments in the field. Mainstream capital market theory is based on efficient market assumptions, even though the markets themselves exhibit characteristics that are symptomatic of nonlinear dynamic systems. As it explores - and validates - this nonlinear nature, Chaos and Order repudiates the "random walk" theory and econometrics. It shifts the focus away from the concept of efficient markets toward a more general view of the forces underlying the capital market system. Presenting new analytical techniques, as well as reexamining methods that have been in use for the past forty years, Chaos and Order offers a thorough examination of chaos theory and fractals as applied to investments and economics. This new edition includes timely examples from today's markets and descriptions of cutting-edge technologies-genetic algorithms, wavelets, complexity theory-and hot innovations, such as fuzzy logic and artificial intelligence. Beyond the history of current capital market theory, Chaos and Order covers the crucial characteristics of fractals, the analysis of fractal time series through rescaled range analysis (R/S), the specifics of fractal statistics, and the definition and analysis of chaotic systems. It offers an in-depth exploration of: * Random walks and efficient markets - the development of the efficient market hypothesis (EMH) and modern portfolio theory * The linear paradigm - why it has failed * Nonlinear dynamic systems - phase space, the Henon Map, Lyapunov exponents * Applying chaos and nonlinear methods - neural networks, genetic algorithms * Dynamical analysis of time series - reconstructing a phase space, the fractal dimension Tonis Vaga's Coherent Market Hypothesis - the theory of social imitation, control parameters, Vaga's implementations Plus, Chaos and Order now contains a Windows-compatible disk including data sets for running analyses described in the appendices. Written by a leading expert in the field, Chaos and Order in the Capital Markets has all the information you need for a complete, up-to-date look at chaos theory. This latest edition will undoubtedly prove to be as invaluable as the first.

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Cisco® ASA All-in-One Next-Generation Firewall, IPS, and VPN Services, Third Edition Identify, mitigate, and respond to today’s highly-sophisticated network attacks. Today, network attackers are far more sophisticated, relentless, and dangerous. In response, Cisco ASA: All-in-One Next-Generation Firewall, IPS, and VPN Services has been fully updated to cover the newest techniques and Cisco technologies for maximizing end-to-end security in your environment. Three leading Cisco security experts guide you through every step of creating a complete security plan with Cisco ASA, and then deploying, configuring, operating, and troubleshooting your solution. Fully updated for today’s newest ASA releases, this edition adds new coverage of ASA 5500-X, ASA 5585-X, ASA Services Module, ASA next-generation firewall services, EtherChannel, Global ACLs, clustering, IPv6 improvements, IKEv2, AnyConnect Secure Mobility VPN clients, and more. The authors explain significant recent licensing changes; introduce enhancements to ASA IPS; and walk you through configuring IPsec, SSL VPN, and NAT/PAT. You’ll learn how to apply Cisco ASA adaptive identification and mitigation services to systematically strengthen security in network environments of all sizes and types. The authors present up-to-date sample configurations, proven design scenarios, and actual debugs–all designed to help you make the most of Cisco ASA in your rapidly evolving network. Jazib Frahim, CCIE® No. 5459 (Routing and Switching; Security), Principal Engineer in the Global Security Solutions team, guides top-tier Cisco customers in security-focused network design and implementation. He architects, develops, and launches new security services concepts. His books include Cisco SSL VPN Solutions and Cisco Network Admission Control, Volume II: NAC Deployment and Troubleshooting. Omar Santos, CISSP No. 463598, Cisco Product Security Incident Response Team (PSIRT) technical leader, leads and mentors engineers and incident managers in investigating and resolving vulnerabilities in Cisco products and protecting Cisco customers. Through 18 years in IT and cybersecurity, he has designed, implemented, and supported numerous secure networks for Fortune® 500 companies and the U.S. government. He is also the author of several other books and numerous whitepapers and articles. Andrew Ossipov, CCIE® No. 18483 and CISSP No. 344324, is a Cisco Technical Marketing Engineer focused on firewalls, intrusion prevention, and data center security. Drawing on more than 16 years in networking, he works to solve complex customer technical problems, architect new features and products, and define future directions for Cisco’s product portfolio. He holds several pending patents. Understand, install, configure, license, maintain, and troubleshoot the newest ASA devices Efficiently implement Authentication, Authorization, and Accounting (AAA) services Control and provision network access with packet filtering, context-aware Cisco ASA next-generation firewall services, and new NAT/PAT concepts Configure IP routing, application inspection, and QoS Create firewall contexts with unique configurations, interfaces, policies, routing tables, and administration Enable integrated protection against many types of malware and advanced persistent threats (APTs) via Cisco Cloud Web Security and Cisco Security Intelligence Operations (SIO) Implement high availability with failover and elastic scalability with clustering Deploy, troubleshoot, monitor, tune, and manage Intrusion Prevention System (IPS) features Implement site-to-site IPsec VPNs and all forms of remote-access VPNs (IPsec, clientless SSL, and client-based SSL) Configure and troubleshoot Public Key Infrastructure (PKI) Use IKEv2 to more effectively resist attacks against VPNs Leverage IPv6 support for IPS, packet inspection, transparent firewalls, and site-to-site IPsec VPNs

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Throughout his international career spanning more than thirty years, artist and writer David Batchelor has long been preoccupied with colour. ‘Colour is not just a feature of [my] sculpture or painting,’ he notes, ‘but its central and overriding subject.’ This new publication is devoted to an ongoing series of sculptures titled Concretos. First made in 2011, Concretos combine concrete with a variety of brightly coloured – and often found – materials.The publication features a text by Batchelor charting the origins and development of Concretos. He reveals that the first Concreto was made after encountering coloured glass shards embedded in a concrete wall in the back streets of Palermo. Over time these Concretos, their title a nod to the Latin American art movement to which Batchelor’s work is much indebted, have become more complex adventures in layering, pattern and process. Elements such as acrylic plastic, spray and household gloss paint, steel, fabric and found objects all find themselves set in a concrete base. The most recent works, titled Extra-Concretos (2019–) retain much of the simplicity of the early pieces while working on a much larger scale.In an essay commissioned for the publication, curator Eleanor Nairne considers Concretos in light of their material possibilities. Nairne’s vivid text draws connections between the sculptures and a wide range of art historical and literary references. Some of the playful and sensual characteristics of Batchelor’s artistic vocabulary are considered in relation to floral bouquets, sewing-machines, ice cream and poetry.Architectural historian Adrian Forty’s essay discusses concrete’s physical qualities and relationship with modernity. He notes that the imperfect nature and apparent neutrality of the material is key to its enduring place within architecture, design and in Batchelor’s case, contemporary sculpture. ‘In the Concretos,’ asserts Forty, ‘concrete plays a necessary part in allowing colour to be itself. Present, but at the same time part of the barely noticed, half-invisible infrastructure of the city, concrete’s very neutrality performs an unexpectedly active part in these works.’The publication is edited by David Batchelor and Matt Price, designed by Hyperkit, printed by Park, London, and published by Anomie, London. The publication coincides with the first large-scale survey exhibition of Batchelor’s work taking place at Compton Verney, Warwickshire in 2022. The publication has been supported by Goldsmiths’ College, University of London, and Arts Council England.David Batchelor was born in Dundee in 1955 and lives and works in London. In 2013, a major solo exhibition of Batchelor’s two-dimensional work, ‘Flatlands’, was displayed at Fruitmarket Gallery, Edinburgh and toured to Spike Island, Bristol. Batchelor’s work was included in the landmark group exhibition ‘Adventures of the Black Square: Abstract Art and Society 1915–2015’ at Whitechapel Gallery, London. ‘My Own Private Bauhaus’, a solo exhibition of sculptures and paintings by Batchelor was presented by Ingleby Gallery during the Edinburgh Art Festival, 2019. Between 2017 and 2020 a large-scale work by Batchelor was displayed in the collection of Tate Modern. He is represented by Ingleby Gallery, Edinburgh, and Galeria Leme, São Paulo. Batchelor’s portfolio also includes a number of major temporary and permanent artworks in the public realm including a chromatic clock titled ‘Sixty Minute Spectrum’ installed in the roof of the Hayward Gallery, London.‘Chromophobia’, Batchelor’s book on colour and the fear of colour in the West, was published by Reaktion Books (2000), and is now available in ten languages. His more recent book, 'The Luminous and the Grey' (2014), is also published by Reaktion. In 2008 he was commissioned to edit ‘Colour’ an anthology of writings on colour from 1850 to the present published by Whitechapel/MIT Press.

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"A brilliantly conceived and lucidly written exposition of the most important topic on the frontier of modern finance. This book takes the mystery out of derivatives. Bravo!"—John H. Langbein, Professor, Yale Law School "Derivatives for Decision Makers is a first in explaining derivatives to those who need to understand them. It explains what derivatives are, how they can be used as risk management tools, and what managers and decision makers need to know about the subject. Not only is the technical substance superb, but the form is accessible to all decision makers."—Afsaneh Mashayekhi Beschloss, Director, The World Bank Group "Derivatives for Decision Makers is an excellent resource for both users and providers of derivative products, regardless of the reader's level of sophistication. The recent highly publicized derivatives problems are objectively reviewed by the authors who contribute important and sensible recommendations to avoid similar situations in the future."—Dipak K. Rastogi, Executive Vice President and former Head of Global Derivatives, Citibank, N. A. "Derivatives can play a critical role in achieving corporate financing and investment strategies. Whether you are a novice or a seasoned practitioner, Crawford and Sen present a superb roadmap with well-chosen, real-world illustrations. Their vivid insights make this book a 'must-read' for corporate and pension fund managers."—Sandra S. Wijnberg, Vice President & Assistant Treasurer, PepsiCo, Inc. "Crawford and Sen have done a fine job of making derivatives comprehensible for managers who need to understand the basic features and uses of these instruments. This coverage, together with the book's unique emphasis on senior management's fiduciary obligations to the firm's shareholders, sets this book apart from other attempts to make derivatives accessible to senior management. This book is an important read."—John F. Marshall, Executive Director, International Association of Financial Engineers and Professor of Financial Engineering, Polytechnic University Derivatives are the power tools that enable users to analyze components of risk and return inherent in an investment or a business. The popularity of derivative use in the marketplace has surged in recent years, spurring financial innovation and better risk management. Yet this popular instrument is double-edged: derivatives are as risky as they are beneficial. In light of recent, highly publicized disasters—the Orange County bankruptcy and the Barings fiasco—it is imperative that business and finance professionals have a current and basic knowledge of this complicated and venturesome field. If you are a shareholder, director, or other decision maker in a company utilizing derivatives, it is important that you know how to maximize the benefits of derivatives and minimize the damage that they can cause. Now, two leading financial experts provide the solid principles you need to understand and properly use derivative products and structured financing. Starting upwards from the ground floor, this straightforward, no-nonsense resource is replete with tables, graphs, and common examples and common sense, offering invaluable information on: The three major types of derivatives-options, futures, and swaps Leverage—what it is, why it is so important, how it is used to increase returns, and how it multiplies risk Hedging a stock portfolio and hedging industry risk with synthetic futures Business risks—core and secondary risks; which business risks to hedge with derivatives Investment strategies using derivatives Derivative risks—market, credit, legal, and systemic Fiduciary duties—the duties of loyalty and care, exceptions, the prudent investor rule, business judgment, rule and disclosure requirements Delegating management functions—selecting, instructing, and monitoring experts Whether you're a manager, director, attorney, accountant, corporate executive, or corporate shareholder, this comprehensive book will prove to be an invaluable guide on utilizing and handling derivatives wisely, resourcefully, and successfully.

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Companies made more than 42,000 alliances over the past decade worldwide, many of which failed to deliver strong results. This book explains why and how you can seize the benefits from your business’s network of alliances with customers, suppliers and competitors. This network can provide three key advantages: · superior information · better cooperation · increased power Network Advantage shows how awareness of these three advantages can help align your portfolio of alliances with your corporate strategy to maximize advantages from existing networks and to position your business as an industry leader. This book is written by three leading authorities in the field of organizational management who work with many international corporate clients. Based on groundbreaking research and illustrative cases, it provides practical tools to help you think strategically about reconfiguring your alliances and partnerships. For business executives, consultants, and executive MBAs who want to get the most advantage from the combined power of their alliance portfolios, Network Advantage offers in-depth, practical guidance. Make it your first strategic connection to gaining competitive advantage! Companies’ connections to other firms—their network of alliances—matter for economic success. In this practical, jargon-free, evidence-based book, three experienced scholar/educators provide practical tools to understand your company’s network positioning and what to do to build webs of relationships that provide competitive advantage and economic value. —Jeffrey Pfeffer, professor, Graduate School of Business, Stanford University and co-author of The Knowing-Doing Gap. The book, Network Advantage, presents compelling ideas and is a must-read. It articulates three different perspectives to think about a firm’s network advantage and shows how a firm can maximize the value of its alliance network. The book is filled with theoretical and practical insights on the topic and offers captivating case studies to illustrate its key points. It is fun to read. I highly recommend this book. —W. Chan Kim, The BCG Chair Professor of INSEAD and the Co-director of the INSEAD Blue Ocean Strategy Institute In this eminently researched book, the authors show how executives and entrepreneurs alike can unlock the value of alliances. And the book comes with some "secrets" to success that most managers overlook. Every CEO, executive and entrepreneur who are collaborating with other firms ought to read this book. —Morten T. Hansen, Professor at University of California at Berkeley, author of Collaboration and co-author of Great by Choice. Don’t compete alone! “Network Advantage” provides a fresh perspective on how all firms can benefit from their alliances and partnerships. The authors seamlessly integrate academic research and real life examples into a practical step by step guide for unleashing the power, information and cooperation advantages available in networks. A must read for thoughtful executives and entrepreneurs alike. —Stein Ove Fenne, President, Tupperware U.S. & Canada Having the "right" business network is everything for a company's success in Asia and worldwide. With its rich cases and practical tools, this book is an indispensable guide for a thoughtful executive on how to design, build and manage a network that will make your firm globally competitive. —Yong-Kyung Lee, Former CEO of Korean Telecom, Member of the Korean National Assembly. Alliances and Partnerships, in their various formats and guises, are the bridges that allow businesses to thrive in their ecosystems by leveraging each other's strengths. The authors show how those bridges, when used appropriately, can help your firm create an alliance network to enhance your business power. The book contains many examples and models to help you shape your own alliance strategy in a world of ever increasing co-opetition. —Ricardo T. Dias, Strategic Alliances Director, Hewlett Packard (HP) Software, Asia Pacific & Japan

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It’s never been more challenging to manage behavior and motivate students in a physical activity setting. There are more at-risk children and students with disabilities to manage. Physical activity professionals also face the unique challenge of providing instruction to large groups with limited resources and distractions galore. If not handled correctly, these challenges can quickly add up to chaos, ineffective instruction, and frustrated, burnt-out physical activity professionals. That’s where the third edition of Positive Behavior Management in Physical Activity Settings, Third Edition comes in. This resource will help you not only overcome those and other discipline challenges, but also use tried-and-true, positive techniques to develop appropriate and responsible behaviors and good character among all learners. This new edition incorporates principles, methods, and instructional practices from psychology, special education, pedagogy, recreation, athletics, and coaching. It shows teachers, coaches, and recreation leaders how to apply the principles that have proven effective in schools, youth sport programs, and recreation sites. Positive Behavior Management in Physical Activity Settings offers this new material: • A new chapter on bullying, providing up-to-date information to help you recognize and manage such behavior within your group • A new chapter on children with special needs, including autism spectrum disorder, attention deficit disorder, learning disabilities, intellectual disabilities, traumatic brain injury, and behavioral/emotional disabilities • A new chapter on behavior management ethics and professionalism, to help those who are preparing to be physical activity professionals at the pre-service and in-service levels • New sections on motivating children who are overweight or obese, using the latest research to help you to encourage them to participate Also new to this edition are an instructor guide and a web resource. The instructor guide offers different sample syllabi, showing various ways to teach the course; sample assignments; answers to chapter review questions; suggested further readings; and useful websites and apps. The web resource supplies behavior management scenarios, sample forms (checklists, rubrics, certificates, worksheets) from the chapters, instructions for designing an Applied Behavior Analysis graph and a trifold display, useful websites and apps, and a glossary by chapter. This text provides you with evidence-based strategies in managing special needs populations, including designing a positive behavioral support (PBS) model and a behavioral intervention plan (BIP), as well as information on response to intervention (RTI). The authors have added a fourth section to this new edition. Part I details the challenges that professionals face in developing a positive learning environment, and shows readers how to be proactive in doing so. Part II outlines the interventions that physical activity professionals have successfully used in a variety of settings. This part includes chapters that discuss behavioral, humanistic, and biophysical approaches. The final chapter in this section addresses how to evaluate the behavior intervention. Part III explores behavior management with various populations, and offers the new chapters on bullying and on special needs children. In part IV, the authors discuss ethical and professional behavior of physical activity professionals relative to the application of behavior management techniques used with children and youth with a focus on professionalism. The final chapter will synthesize the information presented in this text and assist the reader to take the appropriate steps needed to develop a working, teaching, and behavior management portfolio. GUIDANCE TO MOTIVATE CHILDREN Positive Behavior Management in Physical Activity offers current and future K-12 physical educators, coaches, recreation specialists, and adapted physical education specialists guidance in motivating young people. You will learn how to manage behavior and create a physical activity environment that is conducive to performance and learning—and that is designed to empower children rather than control their behavior.

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Emily Andersen has been making photographic portraits of the international avant-garde since graduating from the Royal College of Art in the early 1980s. Having started out by finding her way into some pretty cool-sounding private parties in London and New York, she began convincing artists and musicians to pose for her – from Nan Goldin to Nico. Over the past thirty-five years, she has built up a remarkable and beautiful portfolio that includes many high-profile writers, poets, film directors, actors and architects, with Peter Blake, Michael Caine, Derek Jarman, Zaha Hadid, Arthur Miller, Helen Mirren, Michael Nyman and Eduardo Paolozzi among those featured in this new publication devoted to her black-and-white portraits.In addition to celebrities, Andersen has documented many interesting and inspiring figures who are celebrated and respected within their fields, offering an invaluable insight into the lives of people who have made significant contributions to the wider cultural and creative life of the USA, Britain and Europe over the current and recent generations. An illuminating essay by critic Jonathan P. Watts not only explores the lives of some of Andersen’s many sitters and the photographs she has taken of them, but also get to grips with ideas such as the nature of portraiture, photojournalism and the limitations of the documentary photograph, framing them within debates of the late 1980s onwards. ‘While all of these portraits may not be recognisably activist images’, asserts Watts, ‘they’re rooted in the belief of a micro-politics of everyday lives and relationships.’ Readers can discover more about the background, circumstances and dynamics of many of the shoots by means of notes prepared by Andersen herself to accompany each image, which are regularly entertaining and thought-provoking as well as informative.Beyond capturing the essence of these figures and of the times in which they are living, Andersen has a particular talent for entering into their private lives and private spaces, often being invited into her sitters’ own homes. By photographing family members and friends, she gets an angle on them that is often deeply personal, sensitive and honest. Creating works that are carefully composed and choreographed and yet regularly informal and relaxed, there is always, somehow, a sense that Andersen is more interested in encouraging her subjects to speak through her images than in imposing her own impressions upon them. It is also fascinating to note how Andersen is often keen to document the young children of celebrities, especially girls, and has made a substantial body of work of fathers and daughters. She is always interested to know what these young women grew up to be, and sometimes returns to photograph the same people years, if not decades, later.Andersen has been commissioned for innumerable magazines and newspapers including the New Musical Express (NME), The Face, Elle Deco, Domus, The Times, The Guardian, The Independent, The Sunday Telegraph and The Economist, and has been commissioned by publishers such as Quadrille, Simon and Schuster, Oxford University Press, Hachette, Random House and Harper Collins. Her works have been exhibited internationally in venues including The Photographers’ Gallery, London; The Institute of Contemporary Art, London; The Scottish National Portrait Gallery, Edinburgh; The Barber Institute of Fine Arts, University of Birmingham; Massachusetts Museum of Contemporary Art; Jehangir Art Gallery, Mumbai; and China Arts Museum, Shanghai. A winner of the John Kobal prize for portraiture, she has a number of works in The National Portrait Gallery, London and in other public collections including The British Library, London, and The Contemporary Art Society, London. Andersen is a senior lecturer in photography at Nottingham Trent University.Designed by Melanie Mues of Mues Design, London, with reprography by DPM, London, and printed by EBS, Verona, this stunning hardback monograph has been released in both a trade edition published by Anomie and as an artist’s limited edition of fifty signed and numbered copies, accompanied by an original print.The cover image is of the Chilean-French filmmaker Alejandro Jodorowsky and his son, Axel, in London in 1989.

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- Explains, with sample unit plans, how to teach the basics of 10 popular dance forms for K–12 settings- Explains how to apply educational theories to dance - Presents dance education in context of the national standards for dance- Helps readers build portfolios that demonstrate their ability to create lesson plans, a unit plan, and a dance curriculumThere's a lot more to dance education than steps and dances. To be successful, dance educators must practice a variety of skills that go far beyond dancing. They must incorporate educational theories to meet state and national arts standards, establish a solid knowledge base of the dance form to be taught, and set up developmentally appropriate learning experiences. To help aspiring dance educators acquire the skills that will make them successful in the classroom, this book provides vital information on teaching methods in general, then shares specific applications for teaching each dance form.Dance Teaching Methods and Curriculum Design presents a conceptual model of dance education that embraces dance as an art form and disseminates it through learning experiences in dancing, dance making, and dance appreciation. Through this book, dance educators will broaden their understanding of the dance content that is appropriate for their students and their educational setting.Part I presents an overview of the teaching and learning process in dance, including the background information necessary to plan, organize, set up, and deliver an effective learning experience. It provides essential information about the national standards in dance and guides readers smoothly through the process of - identifying both dance content knowledge and teacher knowledge,- developing observation skills, - being aware of how students learn movement,- constructing a dance class,- choosing a presentational method,- addressing student behaviors in the classroom, - analyzing the learning environment, and- teaching for artistic development across various dance forms.Part II offers ideas for unit and curriculum development, design, and evaluation. Readers will learn how to create learning experiences, lesson plans, unit plans, and finally a dance curriculum. They will become familiar with four categories of dance that encompass 10 dance forms; they also will discover the application of movement, choreographic, and aesthetic principles to these dance forms. Readers will find step-by-step instructions for teaching beginning dance units in 10 different dance forms to offer a curriculum of experiences for students in preschool to college settings. This book contains many special features so that readers can access important information quickly:- Chapter objectives and summaries- Tables that compile information about different topics- Highlight boxes that draw attention to important information - Self-check lists that provide a quick way to understand a process or learn a new concept- It's Your Turn activities that provide practical, interactive experiences in dance- 33 forms, including lesson plans, teaching evaluations, unit plans, block time plans (with detailed information about what to teach in each class), and scope and sequence forms that show the order in which to teach various dances and techniques- Ready-made rubrics that match the objectives for each of the sample unit plans for evaluation- Sample unit plans for 10 different dance forms, each containing a three-week unit of 15 progressive classes- An extensive list of book, music, and video resources for each dance unit- More than 120 photos and 66 illustrations that illustrate the various dance forms and techniques- Icons for movement, choreographic, and aesthetic principles as they apply to each dance form- Beyond Technique exercises that provide additional learning activities in dance making and dance appreciation for each sample unit- A culminating portfolio project that synthesizes all of the elements explored in the book into a practical product that prospective dance educators can present to potential employers Even the most experienced dance educators will appreciate the sample units for 10 different dance forms, divided into four categories:- Creative movement and creative dance- Recreational dance (including social dance, contra dance, folk dance, and square dance)- Concert dance (including ballet, modern dance, jazz, and tap)- Aerobic dance (dance fitness)Dance Teaching Methods and Curriculum Design provides a sound foundation in the art and science of dance pedagogy–for those who seek a rewarding career in teaching dance.

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Over the last three decades, wine economics has emerged as a growing field within agricultural economics, but also in other fields such as finance, trade, growth, environmental economics and industrial organization. Wine has a few characteristics that differentiate it from other agricultural commodities, rendering it an interesting topic for economists in general. Fine wine can regularly fetch bottle prices that exceed several thousand dollars. It can be stored a long time and may increase in value with age. Fine wine quality and prices are extraordinarily sensitive to fluctuations in the weather of the year in which the grapes were grown. And wine is an experience good, i.e., its quality cannot be ascertained before consumption. As a result, consumers often rely on 'expert opinion' regarding quality and maturation prospects.This handbook takes a broad approach and familiarizes the reader with the main research strands in wine economics.After a general introduction to wine economics by Karl Storchmann, Volume 1 focuses on the core areas of wine economics. The first papers shed light on the relevance of the vineyard's natural environment for wine quality and prices. 'Predicting the Quality and Prices of Bordeaux Wine' by Orley Ashenfelter is a classic paper and may be the first wine economics publication ever. Ashenfelter shows how weather influences the quality and the price of Bordeaux Grands Crus wine. Since the weather condition of the year when the grapes were grown is known, an econometric analysis may be constructed. It turns out this model outperforms expert opinion, i.e., critical vintage scores. At best, expert opinion reflects public information. The subsequent papers, by Ashenfelter and Storchmann, Gergaud and Ginsburgh, and Cross, Plantinga and Stavins, tackle the terroir question. That is, they examine the relevance of a vineyard's physical characteristics for wine quality and prices, but from various dimensions and with different results. Next, Alston et al. analyze a question of great concern in the California wine industry: the causes and consequences of the rising alcohol content in California wine. Is climate change the culprit?The next chapter presents three papers that apply hedonic price analyses to fine wine. Combris, Lecocq and Visser show that Bordeaux wine market prices are essentially determined by the wines' objective characteristics. Costanigro, McCluskey and Mittelhammer differentiate their hedonic analysis for various market segments. Ali and Nauges incorporate reputational variables into their pricing model and distinguish between short- and long-run price effects.The next section of this volume deals with one of the unique characteristics of wine — its long storage life, which makes it potentially an investment asset. Studying wine's increasing role as an alternative asset class, Sanning et al., Burton and Jacobsen, Masset and Weisskopf, Masset and Henderson, and Fogarty all examine the rate of return to holding wine as well as the related risks. Since these papers analyze different wines and different time periods there is no 'one message.' However, all point out that, while wine may diversify an investor's portfolio, wine's returns do not beat common stock in the long run.The last two chapters examine the role of wine experts. First, Ashenfelter and Quandt revisit the 1976 'Judgment of Paris' and show that aggregating the assessments of several judges should go beyond 'adding points.' Depending on the method employed, the results may vary, and some measure of statistical precision is essential for interpreting the reliability of the results. In two different papers, Cicchetti and Quandt respond to the necessity to provide statistical tools for the assessment of wine tastings.In a seminal paper, Hodgson reports a remarkable field experiment in which similar wines were placed before judges at a major competition. The results have the shocking implication that how medals are awarded at a major California wine fair is not far from being random. Ashton analyzes the performance of professional wine judges and finds little support for the idea that experienced wine judges should be regarded as experts.Do experts scores influence the price of wine? The answer to this question is less obvious then commonly thought since expert opinion oftentimes only repeats public information such as wine quality that results from the weather that produced the wine grapes. Hadj Ali, Lecocq, and Visser as well as Dubois and Nauges find that high critical scores exert only small effects on wine prices. However, Roberts and Reagans show that a high critical exposure reduces the price-quality dispersion of wineries.Lecocq and Visser analyze wine prices and find that 'characteristics that are directly revealed to the consumer upon inspection of the bottle and its label explain the major part of price differences.' Expert opinion and sensory variables appear to play only a minor role. In an experimental setting using two Vickrey auctions, Combris, Lange and Issanchou confirm the leading role of public information, i.e., the label remains a key determinant for champagne prices. In a provocative and widely discussed study drawing on blind tasting results of some 5,000 wines, Goldstein and collaborators find that most consumers prefer less expensive over expensive wine.Finally, Weil examines the value of expert wine descriptions and lets several hundred subjects match the wines and their descriptors. His results suggest that the ability to assign a certain description to the matching wine is more or less random.Volume 2 covers the topics reputation, regulation, auctions, and market organizational. Landon and Smith, Anderson and Schamel, and Schamel analyze the impact of current quality and reputation (i.e., past quality) on wine prices from different regions. Their results suggest that prices are more influenced by reputation than by current quality. Costanigro, McCluskey and Goemans develop a nested framework for jointly examining the effects of product, firm and collective reputation on market prices.The following four papers deal with regulatory issues in the US as well as in Europe. While Riekoff and Sykuta shed light on the politics and economics of the three-tier system of alcohol distribution and the prohibition of direct wine shipments in the US, Deconinck and Swinnen analyze the European planting rights system. The political economy of European wine regulation is then covered by Melonie and Swinnen, before Anderson and Jensen shed light on Europe's complex system of wine industry subsidies.The next chapter is devoted to wine auctions. In three different papers, Fevrier, Roos and Visser, Ashenfelter, and Ginsburgh analyze the effects of specific auction designs on the resulting hammer prices. The papers focus on multi-unit ascending auctions, absentee bidders, and declining price anomalies.The last chapter, supply and organization, is devoted to a wide range of issues. First, Heien illuminates the price formation process in the California winegrape industry. Then, Frick analyzes if and how the separation of ownership and control affects the performance of German wineries.Vink, Kleynhans and Willem Hoffmann introduce us to various models of wine barrel financing, particularly to the Vincorp model employed in South Africa. Galbreath analyzes the role of women in the wine industry. He finds that (1) women are underrepresented and (2) that the presence of a female CEO increases the likelihood of women in winemaker, viticulturist, and marketing roles in that firm. Gokcekus, Hewstone, and Cakal draw on crowdsourced wine evaluations, i.e., Wine Tracker data, and show that private wine assessments are largely influenced by peer scores lending support to the assumption of the presence of a strong herding effect.Mahenc refers to the classic model of information asymmetries and develops a theoretical model highlighting the role of informed buyers in markets that are susceptible to the lemons problem. Lastly, in their paper 'Love or Money?' Scott, Morton and Podolny analyze how the presence of hobby winemakers may distort market outcomes. Hobby winemakers produce higher quality wines, charge higher prices, and enjoy lower financial returns than professional for-profit winemakers. As a result, profit-oriented winemakers are discouraged from locating at the high-quality end of the market.

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Over the last three decades, wine economics has emerged as a growing field within agricultural economics, but also in other fields such as finance, trade, growth, environmental economics and industrial organization. Wine has a few characteristics that differentiate it from other agricultural commodities, rendering it an interesting topic for economists in general. Fine wine can regularly fetch bottle prices that exceed several thousand dollars. It can be stored a long time and may increase in value with age. Fine wine quality and prices are extraordinarily sensitive to fluctuations in the weather of the year in which the grapes were grown. And wine is an experience good, i.e., its quality cannot be ascertained before consumption. As a result, consumers often rely on 'expert opinion' regarding quality and maturation prospects.This handbook takes a broad approach and familiarizes the reader with the main research strands in wine economics.After a general introduction to wine economics by Karl Storchmann, Volume 1 focuses on the core areas of wine economics. The first papers shed light on the relevance of the vineyard's natural environment for wine quality and prices. 'Predicting the Quality and Prices of Bordeaux Wine' by Orley Ashenfelter is a classic paper and may be the first wine economics publication ever. Ashenfelter shows how weather influences the quality and the price of Bordeaux Grands Crus wine. Since the weather condition of the year when the grapes were grown is known, an econometric analysis may be constructed. It turns out this model outperforms expert opinion, i.e., critical vintage scores. At best, expert opinion reflects public information. The subsequent papers, by Ashenfelter and Storchmann, Gergaud and Ginsburgh, and Cross, Plantinga and Stavins, tackle the terroir question. That is, they examine the relevance of a vineyard's physical characteristics for wine quality and prices, but from various dimensions and with different results. Next, Alston et al. analyze a question of great concern in the California wine industry: the causes and consequences of the rising alcohol content in California wine. Is climate change the culprit?The next chapter presents three papers that apply hedonic price analyses to fine wine. Combris, Lecocq and Visser show that Bordeaux wine market prices are essentially determined by the wines' objective characteristics. Costanigro, McCluskey and Mittelhammer differentiate their hedonic analysis for various market segments. Ali and Nauges incorporate reputational variables into their pricing model and distinguish between short- and long-run price effects.The next section of this volume deals with one of the unique characteristics of wine — its long storage life, which makes it potentially an investment asset. Studying wine's increasing role as an alternative asset class, Sanning et al., Burton and Jacobsen, Masset and Weisskopf, Masset and Henderson, and Fogarty all examine the rate of return to holding wine as well as the related risks. Since these papers analyze different wines and different time periods there is no 'one message.' However, all point out that, while wine may diversify an investor's portfolio, wine's returns do not beat common stock in the long run.The last two chapters examine the role of wine experts. First, Ashenfelter and Quandt revisit the 1976 'Judgment of Paris' and show that aggregating the assessments of several judges should go beyond 'adding points.' Depending on the method employed, the results may vary, and some measure of statistical precision is essential for interpreting the reliability of the results. In two different papers, Cicchetti and Quandt respond to the necessity to provide statistical tools for the assessment of wine tastings.In a seminal paper, Hodgson reports a remarkable field experiment in which similar wines were placed before judges at a major competition. The results have the shocking implication that how medals are awarded at a major California wine fair is not far from being random. Ashton analyzes the performance of professional wine judges and finds little support for the idea that experienced wine judges should be regarded as experts.Do experts scores influence the price of wine? The answer to this question is less obvious then commonly thought since expert opinion oftentimes only repeats public information such as wine quality that results from the weather that produced the wine grapes. Hadj Ali, Lecocq, and Visser as well as Dubois and Nauges find that high critical scores exert only small effects on wine prices. However, Roberts and Reagans show that a high critical exposure reduces the price-quality dispersion of wineries.Lecocq and Visser analyze wine prices and find that 'characteristics that are directly revealed to the consumer upon inspection of the bottle and its label explain the major part of price differences.' Expert opinion and sensory variables appear to play only a minor role. In an experimental setting using two Vickrey auctions, Combris, Lange and Issanchou confirm the leading role of public information, i.e., the label remains a key determinant for champagne prices. In a provocative and widely discussed study drawing on blind tasting results of some 5,000 wines, Goldstein and collaborators find that most consumers prefer less expensive over expensive wine.Finally, Weil examines the value of expert wine descriptions and lets several hundred subjects match the wines and their descriptors. His results suggest that the ability to assign a certain description to the matching wine is more or less random.Volume 2 covers the topics reputation, regulation, auctions, and market organizational. Landon and Smith, Anderson and Schamel, and Schamel analyze the impact of current quality and reputation (i.e., past quality) on wine prices from different regions. Their results suggest that prices are more influenced by reputation than by current quality. Costanigro, McCluskey and Goemans develop a nested framework for jointly examining the effects of product, firm and collective reputation on market prices.The following four papers deal with regulatory issues in the US as well as in Europe. While Riekoff and Sykuta shed light on the politics and economics of the three-tier system of alcohol distribution and the prohibition of direct wine shipments in the US, Deconinck and Swinnen analyze the European planting rights system. The political economy of European wine regulation is then covered by Melonie and Swinnen, before Anderson and Jensen shed light on Europe's complex system of wine industry subsidies.The next chapter is devoted to wine auctions. In three different papers, Fevrier, Roos and Visser, Ashenfelter, and Ginsburgh analyze the effects of specific auction designs on the resulting hammer prices. The papers focus on multi-unit ascending auctions, absentee bidders, and declining price anomalies.The last chapter, supply and organization, is devoted to a wide range of issues. First, Heien illuminates the price formation process in the California winegrape industry. Then, Frick analyzes if and how the separation of ownership and control affects the performance of German wineries.Vink, Kleynhans and Willem Hoffmann introduce us to various models of wine barrel financing, particularly to the Vincorp model employed in South Africa. Galbreath analyzes the role of women in the wine industry. He finds that (1) women are underrepresented and (2) that the presence of a female CEO increases the likelihood of women in winemaker, viticulturist, and marketing roles in that firm. Gokcekus, Hewstone, and Cakal draw on crowdsourced wine evaluations, i.e., Wine Tracker data, and show that private wine assessments are largely influenced by peer scores lending support to the assumption of the presence of a strong herding effect.Mahenc refers to the classic model of information asymmetries and develops a theoretical model highlighting the role of informed buyers in markets that are susceptible to the lemons problem. Lastly, in their paper 'Love or Money?' Scott, Morton and Podolny analyze how the presence of hobby winemakers may distort market outcomes. Hobby winemakers produce higher quality wines, charge higher prices, and enjoy lower financial returns than professional for-profit winemakers. As a result, profit-oriented winemakers are discouraged from locating at the high-quality end of the market.

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“SOA Design Patterns is an important contribution to the literature and practice of building and delivering quality software-intensive systems.” - Grady Booch, IBM Fellow “With the continued explosion of services and the increased rate of adoption of SOA through the market, there is a critical need for comprehensive, actionable guidance that provides the fastest possible time to results. Microsoft is honored to contribute to the SOA Design Patterns book, and to continue working with the community to realize the value of Real World SOA.” - Steven Martin, Senior Director, Developer Platform Product Management, Microsoft “SOA Design Patterns provides the proper guidance with the right level of abstraction to be adapted to each organization’s needs, and Oracle is pleased to have contributed to the patterns contained in this book.” - Dr. Mohamad Afshar, Director of Product Management, Oracle Fusion Middleware, Oracle “Red Hat is pleased to be involved in the SOA Design Patterns book and contribute important SOA design patterns to the community that we and our customers have used within our own SOA platforms. I am sure this will be a great resource for future SOA practitioners.” - Pierre Fricke Director, Product Line Management, JBoss SOA Platform, Red Hat “A wealth of proven, reusable SOA design patterns, clearly explained and illustrated with examples. An invaluable resource for all those involved in the design of service-oriented solutions.” - Phil Thomas, Consulting IT Specialist, IBM Software Group “This obligatory almanac of SOA design patterns will become the foundation on which many organizations will build their successful SOA solutions. It will allow organizations to build their own focused SOA design patterns catalog in an expedited fashion knowing that it contains the wealth and expertise of proven SOA best practices.” - Stephen Bennett, Director, Technology Business Unit, Oracle Corporation “The technical differences between service orientation and object orientation are subtle enough to confuse even the most advanced developers. Thomas Erl’s book provides a great service by clearly articulating SOA design patterns and differentiating them from similar OO design patterns.” - Anne Thomas Manes, VP & Research Director, Burton Group “SOA Design Patterns does an excellent job of laying out and discussing the areas of SOA design that a competent SOA practitioner should understand and employ.” - Robert Laird, SOA Architect, IBM “As always, Thomas delivers again. In a well-structured and easy-to-understand way, this book provides a wonderful collection of patterns each addressing a typical set of SOA design problems with well articulated solutions. The plain language and hundreds of diagrams included in the book help make the complicated subjects of SOA design comprehensible even to those who are new to the SOA design world. It’s a must-have reference book for all SOA practitioners, especially for enterprise architects, solution architects, developers, managers, and business process experts.” - Canyang Kevin Liu, Solution Architecture Manager, SAP “The concept of service oriented architecture has long promised visions of agile organizations being able to swap out interfaces and applications as business needs change. SOA also promises incredible developer and IT productivity, with the idea that key services would be candidates for cross-enterprise sharing or reuse. But many organizations’ efforts to move to SOA have been mired–by organizational issues, by conflicting vendor messages, and by architectures that may amount to little more than Just a Bunch of Web Services. There’s been a lot of confusion in the SOA marketplace about exactly what SOA is, what it’s supposed to accomplish, and how an enterprise goes about in making it work. SOA Design Patterns is a definitive work that offers clarity on the purpose and functioning of service oriented architecture. SOA Design Patterns not only helps the IT practitioner lay the groundwork for a well-functioning SOA effort across the enterprise, but also connects the dots between SOA and the business requirements in a very concrete way. Plus, this book is completely technology agnostic—SOA Design Patterns rightly focuses on infrastructure and architecture, and it doesn’t matter whether you’re using components of one kind or another, or Java, or .NET, or Web services, or REST-style interfaces. While no two SOA implementations are alike, Thomas Erl and his team of contributors have effectively identified the similarities in composition services need to have at a sub-atomic level in order to interact with each other as we hope they will. The book identifies 85 SOA design patterns which have been developed and thoroughly vetted to ensure that a service-oriented architecture does achieve the flexibility and loose coupling promised. The book is also compelling in that it is a living document, if you will, inviting participation in an open process to identify and formulate new patterns to this growing body of knowledge.” - Joe McKendrick, Independent Analyst, Author of ZDNet’s SOA Blog “If you want to truly educate yourself on SOA, read this book.” - Sona Srinivasan, Global Client Services & Operations, CISCO “An impressive decomposition of the process and architectural elements that support serviceoriented analysis, design, and delivery. Right-sized and terminologically consistent. Overall, the book represents a patient separation of concerns in respect of the process and architectural parts that underpin any serious SOA undertaking. Two things stand out. First, the pattern relationship diagrams provide rich views into the systemic relationships that structure a service-oriented architecture: these patterns are not discrete, isolated templates to be applied mechanically to the problem space; rather, they form a network of forces and constraints that guide the practitioner to consider the task at hand in the context of its inter-dependencies. Second, the pattern sequence diagrams and accompanying notes provide a useful framework for planning and executing the many activities that comprise an SOA engagement.” - Ian Robinson, Principal Technology Consultant, ThoughtWorks “Successful implementation of SOA principles requires a shift in focus from software system means, or the way capabilities are developed, to the desired end results, or real-world effects required to satisfy organizational business processes. In SOA Design Patterns, Thomas Erl provides service architects with a broad palette of reusable service patterns that describe service capabilities that can cut across many SOA applications. Service architects taking advantage of these patterns will save a great deal of time describing and assembling services to deliver the real world effects they need to meet their organization’s specific business objectives.” - Chuck Georgo, Public Safety and National Security Architect “In IT, we have increasingly come to see the value of having catalogs of good solution patterns in programming and systems design. With this book, Thomas Erl brings a comprehensive set of patterns to bear on the world of SOA. These patterns enable easily communicated, reusable, and effective solutions, allowing us to more rapidly design and build out the large, complicated and interoperable enterprise SOAs into which our IT environments are evolving.” - Al Gough, Business Systems Solutions CTO, CACI International Inc. “This book provides a comprehensive and pragmatic review of design issues in service-centric design, development, and evolution. The Web site related to this book [SOAPatterns.org] is a wonderful platform and gives the opportunity for the software community to maintain this catalogue….” - Veronica Gacitua Decar, Dublin City University “Erl’s SOA Design Patterns is for the IT decision maker determined to make smart architecture design choices, smart investments, and long term enterprise impact. For those IT professionals committed to service-orientation as a value-added design and implementation option, Patterns offers a credible, repeatable approach to engineering an adaptable business enterprise. This is a must read for all IT architect professionals.” - Larry Gloss, VP and General Manager, Information Manufacturing, LLC “These SOA patterns define, encompass, and comprise a complete repertoire of best practices for developing a world-class IT SOA portfolio for the enterprise and its organizational units through to service and schema analysis and design. After many years as an architect on many SOA projects, I strongly recommend this book be on the shelf of every analyst and technical member of any SOA effort, right next to the SOA standards and guidelines it outlines and elucidates the need for. Our SOA governance standards draw heavily from this work and others from this series.” - Robert John Hathaway III, Enterprise Software Architect, SOA Object Systems “A wise man once told me that wisdom isn’t all about knowledge and intelligence, it is just as much about asking questions. Asking questions is the true mark of wisdom and during the writing of the SOA Design Patterns book Thomas Erl has shown his real qualities. The community effort behind this book is huge meaning that Thomas has had access to the knowledge and experience of a large group of accomplished practitioners. The result speaks for itself. This book is packed with proven solutions to recurring problems, and the documented pros and cons of each solution have been verified by persons with true experience. This book could give SOA initiatives of any scale a real boost.” - Herbjörn Wilhelmsen, Architect and Senior Consultant, Objectware “This book is an absolute milestone in SOA literature. For the first time we are provided with a practical guide on how the principle centric description of service orientation from a vendor-agnostic viewpoint is actually made to work in a language based on patterns. This book makes you talk SOA! There are very few who understand SOA like Thomas Erl does, he actually put’s it all together!” - Brian Lokhorst, Solution Architect, Dutch Tax Office “Service oriented architecture is all about best practices we have learned since IT’s existence. This book takes all those best practices and bundles them into a nice pattern catalogue. [It provides] a really excellent approach as patterns are not just documented but are provided with application scenarios through case studies [which] fills the gap between theory and practice.” - Shakti Sharma, Senior Enterprise Architect, Sysco Corp “An excellent and important book on solving problems in SOA [with a] solid structure. Has the potential of being among the major influential books.” - Peter Chang, Lawrence Technical University “SOA Design Patterns presents a vast amount of knowledge about how to successfully implement SOA within an organization. The information is clear, concise, and most importantly, legitimate.” - Peter B. Woodhull, President and Principal Architect, Modus21 “SOA Design Patterns offers real insights into everyday problems that one will encounter when investing in services oriented architecture. [It] provides a number of problem descriptions and offers strategies for dealing with these problems. SOA design patterns highlights more than just the technical problems and solutions. Common organizational issues that can hinder progress towards achieving SOA migration are explained along with potential approaches for dealing with these real world challenges. Once again Thomas Erl provides in-depth coverage of SOA terminology and helps the reader better understand and appreciate the complexities of migrating to an SOA environment.” - David Michalowicz, Air and Space Operations Center Modernization Team Lead, MITRE Corporation “This is a long overdue, serious, comprehensive, and well-presented catalog of SOA design patterns. This will be required reading and reference for all our SOA engineers and architects. The best of the series so far! [The book] works in two ways: as a primer in SOA design and architecture it can easily be read front-to-back to get an overview of most of the key design issues you will encounter, and as a reference catalog of design techniques that can be referred to again and again…” - Wendell Ocasio, Architecture Consultant, DoD Military Health Systems, Agilex Technologies “Thomas has once again provided the SOA practitioner with a phenomenal collection of knowledge. This is a reference that I will come back to time and time again as I move forward in SOA design efforts. What I liked most about this book is its vendor agnostic approach to SOA design patterns. This approach really presents the reader with an understanding of why or why not to implement a pattern, group patterns, or use compound patterns rather than giving them a marketing spiel on why one implementation of a pattern is better than another (for example, why one ESB is better than another). I think as SOA adoption continues to advance, the ability for architects to understand when and why to apply specific patterns will be a driving factor in the overall success and evolution of SOA. Additionally, I believe that this book provides the consumer with the understanding required to chose which vendor’s SOA products are right for their specific needs.” - Bryan Brew, SOA Consultant, Booz Allen Hamilton “A must have for every SOA practitioner.” - Richard Van Schelven, Principal Engineer, Ericsson “This book is a long-expected successor to the books on object-oriented design patterns and integration patterns. It is a great reference book that clearly and thoroughly describes design patterns for SOA. A great read for architects who are facing the challenge of transforming their enterprise into a service-oriented enterprise.” - Linda Terlouw, Solution Architect, Ordina “The maturation of Service-Orientation has given the industry time to absorb the best practices of service development. Thomas Erl has amassed this collective wisdom in SOA Design Patterns, an absolutely indispensible addition to any Service Oriented bookshelf.” - Kevin P. Davis, Ph.D “The problem with most texts on SOA is one of specificity. Architects responsible for SOA implementation in most organizations have little time for abstract theories on the subject, but are hungry for concrete details that they can relate to the real problems they face in their environment. SOA Design Patterns is critical reading for anyone with service design responsibilities. Not only does the text provide the normal pattern templates, but each pattern is applied in detail against a background case study to provide exceptionally meaningful context to the information. The graphic visualizations of the problems and pattern solutions are excellent supplementary companions to the explanatory text. This book will greatly stretch the knowledge of the reader as much for raising and addressing issues that may have never occurred to the reader as it does in treating those problems that are in more common occurrence. The real beauty of this book is in its plain English prose. Unlike so many technical reference books, one does not find themselves re-reading sections multiple times trying to discern the intent of the author. This is also not a reference that will sit gathering dust on a shelf after one or two perusings. Practitioners will find themselves returning over and over to utilize the knowledge in their projects. This is as close as you’ll come to having a service design expert sitting over your shoulder.” - James Kinneavy, Principal Software Architect, University of California “As the industry converges on SOA patterns, Erl provides an outstanding reference guide to composition and integration–and yet another distinctive contribution to the SOA practice.” - Steve Birkel, Chief IT Technical Architect, Intel Corp. “With SOA Design Patterns, Thomas Erl adds an indispensable SOA reference volume to the technologist’s library. Replete with to-the-point examples, it will be a helpful aid to any IT organization.” - Ed Dodds, Strategist, Systems Architect, Conmergence “Again, Thomas Erl has written an indispensable guide to SOA. Building on his prior successes, his patterns go into even more detail. Therefore, this book is not only helpful to the SOA beginner, but also provides new insight and ideas to professionals.” - Philipp Offermann, Research Scientist, Technische Universität Berlin, Germany “SOA Design Patterns is an extraordinary contribution to SOA best practices! Once again, Thomas has created an indispensable resource for any person or organization interested in or actively engaged in the practice of Service Oriented Architecture. Using case studies based on three very different business models, Thomas guides the reader through the process of selecting appropriate implementation patterns to ensure a flexible, well-performing, and secure SOA ecosystem.” - Victor Brown, Managing Partner and Principal Consultant, Cypress Management Group Corporation In cooperation with experts and practitioners throughout the SOA community, best-selling author Thomas Erl brings together the de facto catalog of design patterns for SOA and service-orientation. More than three years in development and subjected to numerous industry reviews, the 85 patterns in this full-color book provide the most successful and proven design techniques to overcoming the most common and critical problems to achieving modern-day SOA. Through numerous examples, individually documented pattern profiles, and over 400 color illustrations, this book provides in-depth coverage of: • Patterns for the design, implementation, and governance of service inventories–collections of services representing individual service portfolios that can be independently modeled, designed, and evolved. • Patterns specific to service-level architecture which pertain to a wide range of design areas, including contract design, security, legacy encapsulation, reliability, scalability, and a variety of implementation and governance issues. • Service composition patterns that address the many aspects associated with combining services into aggregate distributed solutions, including topics such as runtime messaging and message design, inter-service security controls, and transformation. • Compound patterns (such as Enterprise Service Bus and Orchestration) and recommended pattern application sequences that establish foundational processes. The book begins by establishing SOA types that are referenced throughout the patterns and then form the basis of a final chapter that discusses the architectural impact of service-oriented computing in general. These chapters bookend the pattern catalog to provide a clear link between SOA design patterns, the strategic goals of service-oriented computing, different SOA types, and the service-orientation design paradigm. This book series is further supported by a series of resources sites, including soabooks.com, soaspecs.com, soapatterns.org, soamag.com, and soaposters.com.

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