This text is designed for use in a course in an applied international corporate finance for managers and executives. Instead of the “encyclopedic” approach, the text focuses on the two main issues of interest to managers who deal with overseas operations. The first main issue is how uncertain foreign exchange (FX) rate changes affect a firm’s ongoing cash flows and equity value, and what can be done about that risk. The second main issue is the estimation of the cost of capital for international operations and the evaluation of overseas investment proposals. Numerous examples of real world companies are used. The text is divided into two parts based on the two main issues. Each part includes a case that unifies the ideas. In Part I, the case company has overseas operations and is faced with ongoing FX exposure in corporate revenues. The decision-maker estimates the FX exposure and considers financial hedging using foreign currency debt and currency swaps. The accounting implications are also considered. In Part II, the case company evaluates a proposal to expand production for a foreign market, with location alternatives being the home country, the foreign market country, or a “cheap-labor” emerging market country.
Independently owned lodging such as private vacation rentals, bed and breakfasts, small boutique hotels, AirBnB nightly rentals, Ecolodges, guest ranches, etc., share a pressing need to address their most challenging business obstacle: achieving and maintaining high occupancy rates. Ultimately, this goal requires an integrated and multi-media approach using the most current information. Essential Marketing Tools for Independently Owned Lodging provides just that – tools that owners, aspiring owners, and hospitality students need to address the ever-changing challenge to fulfill vacancies and maintain profitability. Independent properties make up more than half of the lodgings in the United States. In the rapidly changing digital environment, many legacy managers find themselves struggling to create and oversee a diversified marketing platform that will ensure enough “heads in beds” to sustain the enterprise. As new areas of lodging have opened up in the sharing economy, especially vacation rentals and informal host accommodations such as AirBnB – and as these segments of the industry mature – they too need assistance in moving beyond one or two distributions channels (i.e., AirBnB, VRBO, HomeAway) and broadening their reach. This book can be used as a textbook for students of hotel and hospitality management, for aspiring owners and their real estate representatives and by individual owners and managers already in the market.
This book helps the reader to understand the various interconnected components of communication. The component of these theories are like small pieces of glass. These three lenses make a Kaleidoscope for the reader to see a beautiful pattern of these components that answer the questions above. Finally, the book provides a conceptual framework to the readers to help them make persuasive speeches and become charismatic leaders. This book is intended for a broad audience including students, scholars, researchers and professors in undergraduate and graduate schools, entrepreneurs and practicing business executives around the world. The objective is to give a quick view into the ocean of academic literature and help further understanding on this topic. The book will also have many examples and best practices taken from famous speeches of leaders around the world.
Most managers struggle to decide whether a micro-management or a “hands-off” management approach is best. The resolution to this challenge is what I call “engaged management.” An engaged manager creates an environment in which his or her people self-mange and self-motivate. And the best leaders create an environment in which people take responsibility for their own performance and take the initiative to manage their own performance.
Rapid technology change is impacting organizations large and small. Mobile and Cloud computing, the Internet of Things (IoT), and “Big Data” are driving forces in organizational digital transformation. Decision support and analytics are available to many people in a business or organization. Business professionals need to learn about and understand computerized decision support for organizations to succeed.
This text is targeted to busy managers and students who need to grasp the basics of computerized decision support, including:
What is analytics?
What is a decision support system?
What is “Big Data”?
What are “Big Data” business use cases?
Overall, Decision Support Analytics, and Business Intelligence addresses 61 fundamental
questions.
In a short period of time, readers can “get up to speed” on decision support, analytics, and business intelligence. The book then provides a quick reference to important recurring questions.
Ancillary materials available for instructors! Contact [email protected] to request them.
Most texts, university courses and corporate training program have the start point in the entrepreneurial process being the identification of new market opportunities thereby providing the basis for the development of a radically new product or service proposition. Given the high number of commercial successes achieved by this market-driven approach, it is clear this a valid and viable way of creating new firms and sustaining the performance of existing organizations. Nevertheless it is important to register that in terms of maximizing the wealth of organizations and even entire nations, the most economically impactful entrepreneurial outcomes are the result of what Joseph Schumpeter, the father of modern entrepreneurship theory, described as ‘creative destruction’ leading to the decline and sometimes the total disappearance of existing industrial sectors. Schumpeter opined that the most successful form of innovation is technology-driven which occurs with scientific or technological breakthroughs and experimentation leading in many cases to the launch of a radically new product or service at a time when there often is little evidence of the existence of an identified market opportunity. Subsequent to the emergence of Schumpeter’s theories, both academic research and real world case studies have validated the fact that the management of technology-driven entrepreneurship is somewhat different process to that of market-driven entrepreneurship. The existence of these differences generates the perspective that benefit exists in identifying the managerial guidelines that can be of assistance in ensuring the success of technological entrepreneurship projects in both start-ups and existing businesses. This book provides such guidance.
Accountants were present at the creation of civilization, maintained their importance throughout history, and proved essential at various stages of cultural development—from the earliest record-keeping and the invention of writing, to double-entry bookkeeping, cost accounting of complex manufacturing, the development of professional management and accounting (which went hand-in-hand), through the amazing technologies of the information age. In other words, our civilization does not exist without sophisticated accountants and their dynamic inventions. Telling this amazing story is the purpose of this book. The story of accounting and how information is collected, analyzed and disclosed is as old as—and absolutely essential to—civilization. A fair number of key ingredients needed for modern business (and other institutions) were invented in the ancient world—money, record-keeping, numbers, writing, property rights, trade, banking, the corporation. Many of the factors that are part of today’s rocket science on Wall Street date back to earlier centuries, including the use of credit, derivatives, and stock markets—not to mention manipulation and fraud. Financial, managerial and other accounting information was needed for successful entrepreneurs. The information revolution started with Gutenberg’s press (which conveniently spread Pacioli’s Summa across Europe), the Industrial Revolution with the steam engine, mass transit with the railroad, and instantaneous communications with Samuel Morse’s telegraph. The internet represents important extensions of earlier innovations, the latest phase of the information revolution. Accountants were directly (or indirectly) involved in all of these and accounting information permeates virtually every aspect of the complex culture that is modern civilization. This book is a brief history of accounting, focusing on the long-term importance of accounting on issues from information accumulation and analysis around money and finance, business and government, and continuing success as technology and innovation expands. The focus is relatively traditional, except it intertwines with commerce, finance, and related business interests that make up what became modern civilization. For example, most corporations and other entities innovated and succeeded long-term because of increasingly complex (and useful) accounting techniques providing necessary information and control. This was true of Josiah Wedgwood, Andrew Carnegie, and General Motors. Accounting applications became early uses of computers, beginning with payroll records at General Electric in the 1950s. From electronic spreadsheets to tax preparation, the computer/accounting partnership continues.
The role of the catering and convention service manager (CCSM) is diverse and must juggle event components. This book imparts authors’ in-depth knowledge of what a CCSM does, what emotional and technical skills are required, how to relate to planners, and execute contracts. It covers communication, food and beverage information, banquet service styles, menu planning, and event space setup standards.
Included are best practices of working with nonpro?ts, social, wedding, association, corporate, VIP, celebrity events, and trade shows. The authors also discuss how this industry operates within casino properties. Then, the revenue up sell opportunities for all stakeholders, industry accounting, and the paperwork that pulls it all together.
While conventional commercial supply chains may be complicated, emergency supply chains are inherently complex. By responding to an emergency, they lack a developed forecast, primarily use manual requisitioning systems and do not possess sophisticated means to sense and respond to the emerging demand. Multiple stakeholders come together, many for the first time, to execute “on the fly.” Their success is mostly defined by effectiveness, either in preserving combat capability or providing relief; the primary focus becomes getting the job accomplished “at all costs.” As a result, supply chain efficiency is an afterthought, and optimization is difficult, if not undesired. Finally, due to their infrequent nature, less has been written and studied in the area of emergency supply chains, increasing the risk that those practitioners supporting the next emergency operation will encounter the same difficulties. It is for these reasons Understanding the Complexity of Emergency Supply Chains seeks to complete the education of both practitioners and academics across multiple domains and disciplines. It contributes to military and nongovernmental operators, logisticians and organizations’ understanding of emergency supply chain strengths and vulnerabilities. Similarly, emergency management professionals will gain a sense of how supply chain accomplishes or constrains the emergency management process. Moreover, students and other supply chain professionals seeking a deeper understanding of supply chains will benefit from Understanding the Complexity of Emergency Supply Chains, as it explores circumstances that run contrary to supply chain theory and thus reinforces a solid grasp on supply chain fundamentals.
Understanding behavior and understanding one’s self allows one to take control, lead, influence understand others and raise one’s self-esteem and confidence at all levels. But describing these things requires colors, not works. The audience for this book includes individuals at work who want to move upwards, people struggling in any role and feel frustrated, anyone in a relationship that isn’t going quite right all the way up to the CEO of the biggest company who wants to be more influential and inspirational and who relates all people at all times, to those who have conflict in their life as well.
