What do Tyco Services, Huatai Group, Ford Malaysia, L'Oreal Argentina, Barclay's Bank of Ghana and The Ethical Investment Company of Australia all have in common? Each is among the 630 companies the United Nations Global Compact has booted off of its worldwide list of participants for failure to submit a...
The Find: It's not news that popularity breeds popularity and people follow the herd, but social psychology research points out that this principle, known as "social proof," can radically improve results and is often underutilized. The Source: An experiment on hotel guests towel recycling habits related in...
This paper presents six new principles emerging from four decades of academic and industry research on the generation of high-quality creative ideas by "Brainstorming". The principles are: brainstorming instructions are essential and should emphasize, paradoxically, number and not quality of ideas; a specific, difficult target should be set for the...
The different managing skills related to time, meetings, and projects are not only similar in principles, but also in techniques used. Adopting one of these skills and applying the principles can progressively lead towards learning the others. An example principle would be, if one believes in the value of his...
Regulators are implementing principles-based approaches to capital and reserve requirements for U.S. life insurers that demand sophisticated stochastic models. While actuaries are well equipped to develop basic stochastic models, the advanced product and management strategies, such as dynamic hedging, have resulted in more complex models with lengthier run times. New...
In the last decade the strategic role of operations has increased, which led to fast improvements in management and methodology. In parallel, two basic principles have been strengthened. One of the principles is the idea to concentrate on processes instead of organizational function based task orientation. The other principle is...
This paper considers the value-addedness that notions of emotional literacy give to prestigious schools in Australia. Combining ideas of self-esteem and emotional intelligence, emotional literacy has emerged as a pedagogical project in such schools. Moreover, ideas about emotional literacy are used to sell educational packages in which they sit comfortably...
In this paper, the key issues and risks are spelt out in more detail about Financial services businesses and principles are put forward that can serve as benchmarks. The principles apply across the banking, insurance and securities sectors, and the international committees involved in each sector may build on these...
The use of biomass and waste for energy production contributes substantially in reduction of CO2 emissions. System studies showed that gasification in combination with Solid Oxide Fuel Cell SOFC could achieve an overall efficiency of 50%. In the framework of the NOVEM program "Energie Winning uit Afval en Biomassa EWAB",...
The importance of corporate governance has attracted a great deal of attention over the last decade. Although it has received less focus, pension plan governance has an important role to play and will continue to be under closer scrutiny. The paper depicts about a particular aspect of pension plan governance...
The given governance principles of Drew Industries Incorporated have been approved by the Board of Directors and, along with the Charters of the Board Committees, provide the framework for the governance of the Company. The Board will review these principles and other aspects of the Company’s governance annually or more...
The article discusses what it takes for companies to successful reach and engage with potentially always-connected customers. The five principles that are believed to be fundamental to the successes have been identified. Taken separately, these principles may appear obvious or overly simplistic. Yet putting them to use simultaneously and across...
It has been seen that some of the organisation in order to save money tend to ignore th ISO Standards. This article mainly focusses upon such situation. The ISO 9000:2000 series of standards on Quality Management is in the home straight with the issue of the Final Draft International Standards...
In order to raise the performance bar of the organization, it is necessary to raise the performance of the executives leading it. Yet, most executives do not relish giving or receiving feedback about performance. We have covered several principles and practices for giving and receiving feedback in a skilled...
From the executive summary: ‘Most executives believe that the days of single-digit percentage improvements in performance have become a history. Even though industry has come through a protracted period of downsizing, consolidation, and the adoption of numerous improvement programs, many business leaders are still talking about their need for drastic...
This article discusses the important legal principles that limit merging parties’ behavior during the period between reaching an agreement to merge and ultimately closing the transaction. After setting forth those principles, it addresses some of the more frequent questions that concern the scope of permissible conduct before parties consummate a...
The economy has gone through a dramatic transformation in recent years, and the pace of change keeps accelerating. For business leaders, the ability to introduce change into their organizations has become a major determinant of career success or failure. Unfortunately, implementing change is a complex, untidy and laborious process. There...
These fundamental rules form the basis for any economic analyses and choices for growth. In this article, one will find the key economic principles that make businesses succeed and also how to apply those principles to own business.
This article defines the corporate principles that guide how they operate at Travelers Property Casualty. These principles are standards of behavior that are consistent with our corporate values and tied to their business strategies. Principles are a commitment to what one should be and an affirmation of what they are:...
From the executive summary: ‘Current organizational structures not only fail to bring out the best in people, but they also tend to hinder individuals from working at their full potential. The principles upon which today’s organizational sciences were built were conceived in the Seventeenth Century. Hence, in order to utilize...
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