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Article
Publication date: 1 January 1989

Brian D. Stevenson

The effective management of banking products becomes more criticalas the external environment becomes more competitive. In the corporatesector this is particularly true and a…

376

Abstract

The effective management of banking products becomes more critical as the external environment becomes more competitive. In the corporate sector this is particularly true and a structured, methodical, yet flexible, approach is required. The structure of the product management process is outlined. The key elements are dealt with and the interrelationships with other organisational functions are illustrated, together with the factors that complicate management in the international arena.

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International Journal of Bank Marketing, vol. 7 no. 1
Type: Research Article
ISSN: 0265-2323

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Article
Publication date: 11 September 2007

Frederick Owen Skae and Brian Barclay

In the world's quest to eradicate poverty, the means to get there are not fully understood, nor are they universally agreed upon. However, most would accept that the link between…

1757

Abstract

Purpose

In the world's quest to eradicate poverty, the means to get there are not fully understood, nor are they universally agreed upon. However, most would accept that the link between trade and development in general and exports and poverty reduction in particular needs to be strengthened and effects better understood. The purpose of this paper is to suggest that a management framework exists by which the linkage between exports and poverty reduction can be better understood and as a consequence strengthened.

Design/methodology/approach

Drawing on the International Trade Centre's Priority Setting Framework to Export Development, a hypothetical strategy has been prepared for the Rwandan coffee sector, which reinforces the export development and poverty reduction linkage.

Findings

Many strategies stop short at providing detailed action steps that result in the project's objectives being effectively implemented and its impact being measured.

Practical implications

The framework can be used to guide national strategy‐makers, trade support organizations, sector associations, NGOs and the donor community in formulating, and more importantly, implementing poverty reduction initiatives in the context of export development.

Originality/value

The paper draws upon a methodology applied in trade related technical assistance and attempts to demonstrate this framework, which primarily addresses competitiveness issues can be rigorously applied to the design and implementation of an export‐led poverty reduction strategy.

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Management Decision, vol. 45 no. 8
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 26 April 2019

Saad Almohammed Alrayes

The global financial crisis of 2007-2008 prompted a significant debate on corporate governance and shareholder empowerment. A question arises as to whether shareholders ought to…

666

Abstract

Purpose

The global financial crisis of 2007-2008 prompted a significant debate on corporate governance and shareholder empowerment. A question arises as to whether shareholders ought to be further empowered to have a greater influence over the companies’ activities. Yet, it is not self-evident that shareholder empowerment ensures better-run companies’ corporate activities. Thus, the purpose of this paper is to critically examine, identify and explain the corporate regulation forms and control collectively to evaluate the effectiveness of shareholder empowerment fully.

Design/methodology/approach

To do so, this paper sets out a comparative analysis approach between two jurisdictions, the UK and Delaware in the USA. The paper further addresses by undertaking three case studies; Barclays Plc which illustrated the Comply or Explain role, AVIVA (2012) that concentrated on the impact of the shareholder revolt, and the case of Hills Stores Co. v. Bozic (2000), which involved a claim brought by shareholders on the grounds of a breach of fiduciary duty.

Findings

This paper argues that the shareholder empowerment theoretically provides an effective means through which corporate activities can be regulated. However, to do this, account must be taken that a distinction should be made between long-term and short-term investors to encourage shareholder engagement by responsible long-term investors. Furthermore, the shareholders can exercise their powers effectively and influence the Board’s decision to award executive compensation.

Originality/value

This paper offered two distinct contributions: assessing whether in times of crisis shareholder empowerment represents a way to regulate corporate activities and by assessing the distinction between the perception of shareholder empowerment and the reality in practice.

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Journal of Financial Regulation and Compliance, vol. 27 no. 2
Type: Research Article
ISSN: 1358-1988

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Case study
Publication date: 20 January 2017

Susan Chaplinsky, Felicia C. Marston and Michael Pozzi

This case and its companion, UVA-F-1560, were awarded the 2012 Wachovia Award for Excellence in Teaching Materials - Innovative Case. In November 2006, Alec Berg, a successful…

Abstract

This case and its companion, UVA-F-1560, were awarded the 2012 Wachovia Award for Excellence in Teaching Materials - Innovative Case. In November 2006, Alec Berg, a successful hedge fund manager, must decide whether to invest in the initial public offering (IPO) of the Hertz Corporation. The IPO followed a leveraged buyout (LBO) of Hertz that was completed in December 2005 by three prominent private equity firms that had combined to purchase Hertz from the Ford Motor Company for $14.9 billion. The LBO sponsors had borrowed an additional $1 billion on top of the buyout financing to pay themselves a special dividend in June 2006. This loan would be repaid with the IPO proceeds and any remaining proceeds from the IPO would go to the sponsors. The IPO generated widespread criticism with respect to the speed with which the IPO was conducted and the payment of special dividends. In the face of this criticism, the demand for the Hertz IPO weakened, and the offer price was reduced from the initial file price range of $16–$18 to just $15. Berg must assess whether at $15 per share, Hertz offers an attractive investment for this fund. The case provides the necessary information for students to analyze the sponsors' returns on their investment in Hertz and the attractiveness of the $15 offer price to public shareholders. The case also offers an opportunity for students to discuss the controversy surrounding the payment of special dividends and the claim that private equity sponsors invest with a long-term perspective that creates value for the company.

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Darden Business Publishing Cases, vol. no.
Type: Case Study
ISSN: 2474-7890
Published by: University of Virginia Darden School Foundation

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Book part
Publication date: 14 November 2012

Ralph Tench, William Sun and Brian Jones

Purpose – This chapter introduces this volume's topics, purpose and key themes.Methodology/approach – This chapter reviews literature and chapters and offers conceptual…

Abstract

Purpose – This chapter introduces this volume's topics, purpose and key themes.

Methodology/approach – This chapter reviews literature and chapters and offers conceptual development.

Findings – The difficulties of CSR in theory and practice are mainly due to its incomplete conceptualisation because its inseparable counterpart CSI has been eventually neglected or ignored in the CSR theorising process. The CSI concept is as equally important as CSR. CSI offers a theoretical platform to avoid the vagueness, ambiguity, arbitrariness and mysticism of CSR. CSI deserves to be a serious subject of inquiry and demands more scholarly attention.

Practical/social implications – With the aid of the CSI concept, CSR becomes more realistic and effective, as it is now more focused, practical and operational. While CSI is clear-cut, CSR is clearly meant, at the very least, to do well by undoing CSI. It is easier to promote CSR by addressing CSI first. The concept of CSI may allow everyone, including business practitioners, to concentrate on resolving the most important and urgent issues of public concern. It also encourages people to address the root causes of CSI problems in a systematic way. Doing so undoubtedly expands and enriches the understanding of CSR.

Originality/value of chapter – The concept of CSI has been less developed in academic circles. While the contributors of this volume have made significant contributions to the understanding of CSI, this chapter adds fresh reasoning and explanations to the development of the CSI subject.

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Corporate Social Irresponsibility: A Challenging Concept
Type: Book
ISBN: 978-1-78052-999-8

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Article
Publication date: 18 May 2020

Brian Leavy

In this interview with Harvard innovation expert Stefan H.Thomke about his latest book, Experimentation Works: The Surprising Power of Business Experiments, he pays tribute to the…

422

Abstract

Purpose

In this interview with Harvard innovation expert Stefan H.Thomke about his latest book, Experimentation Works: The Surprising Power of Business Experiments, he pays tribute to the scientific method and “the engine that has powered” it over the centuries, the “humble experiment.”

Design/methodology/approach

Professor Thomke anticipates a burgeoning role for business experimentation, one that it is already playing across the value chain, particularly in leading online companies.

Findings

Digital experimentation tools have the potential to revolutionize a company’s R&D, but they can also transform entire industries by shifting experimentation–and thus product innovation–to users and customers.

Practical implications

The ability to access large customer samples, to automatically collect huge amounts of data about user interactions on websites and apps, and to run concurrent experiments gives companies an unprecedented opportunity to evaluate many ideas quickly, with great precision, and at a negligible cost per additional experiment.

Originality/value

Product development is being transformed by rapid experimentation: all aspects of software–including user interfaces, security applications and back-end changes–can now be subjected to A/B tests.

Details

Strategy & Leadership, vol. 48 no. 4
Type: Research Article
ISSN: 1087-8572

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Article
Publication date: 1 October 1974

THE Government Green Paper calling for a War on Waste is a striking indictment of our national habits. We observe them casually in a score of ways and never realise the size of…

49

Abstract

THE Government Green Paper calling for a War on Waste is a striking indictment of our national habits. We observe them casually in a score of ways and never realise the size of the problem until somebody points it out. This somebody is usually the Government itself, since it has access to the necessary information.

Details

Work Study, vol. 23 no. 10
Type: Research Article
ISSN: 0043-8022

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Article
Publication date: 26 July 2018

Maria Odette Lobato-Calleros, Karla Fabila, Pamela Shaw and Brian Roberts

The purpose of this paper is to design and test a user satisfaction model to evaluate the contribution of biodiesel production and consumption to the sustainability of a…

394

Abstract

Purpose

The purpose of this paper is to design and test a user satisfaction model to evaluate the contribution of biodiesel production and consumption to the sustainability of a semi-urban community in the Cowichan Valley in British Columbia Canada. This case study is part of a larger research study whose purpose is to create a model for an index of sustainable community production and consumption.

Design/methodology/approach

The theoretical approach selected was the national indices of consumer satisfaction models. The methodology was qualitative and quantitative, in-depth interviews were used to learn the opinion of active and non-active consumers of biodiesel. The interviews were transcribed and analyzed with specialized software for qualitative studies. A structural equation model, whose innovation is the inclusion of the sustainability variables, was designed and analyzed with statistical technique partial least squares.

Findings

The designed model and methodology were useful to identify the principal cause variables of consumer satisfaction of biodiesel in two types of users: active users and non-active users. The determination coefficient R2 of the latent variables satisfaction and loyalty for the prediction of biodiesel active users model is 0.82 and 0.72, respectively, while the result for the non-active users model is 0.90 for satisfaction and 0.73 for loyalty. Sustainable consumption at community level is statistically significant as a direct cause of the variable sustainability of the community for both models, and in turn the sustainability of the community variable has a significant impact on loyalty for the active users model.

Originality/value

This case study is part of a larger research study whose purpose is to create a model for an index of sustainable community production and consumption which will be measured longitudinally to detect changes in the sustainable consumption of the community members.

Details

Business Process Management Journal, vol. 24 no. 6
Type: Research Article
ISSN: 1463-7154

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Article
Publication date: 18 September 2007

Brian A. Ochs

The purpose of this article is to analyze the SEC enforcement staff's recent scrutiny of the roles and responsibilities of securities firms for the protection of confidential…

1329

Abstract

Purpose

The purpose of this article is to analyze the SEC enforcement staff's recent scrutiny of the roles and responsibilities of securities firms for the protection of confidential information.

Design/methodology/approach

The article reviews the SEC's implementation and enforcement of section 15(f) of the Exchange Act and section 204A of the Advisers Act. Part I discusses the legislative history of these provisions and reviews SEC and staff pronouncements relating to procedures for the protection of material nonpublic information. Part II discusses the potential consequences, from an enforcement perspective, of a firm's failure to satisfy the requirements of section 15(f) or section 204A. Part III describes the SEC's enforcement program in this area and distills guidance for securities firms from the SEC's actions.

Findings

Sections 15(f) and 204A require brokers, dealers, and investment advisers to “establish, maintain, and enforce written policies and procedures reasonably designed, taking into consideration the nature of such (broker, dealer, or investment adviser's) business, to prevent the misuse” of material nonpublic information. Thus, the statutory terms frame the issues in any SEC investigation. Does the firm maintain written procedures? Are the written procedures reasonably designed to safeguard material nonpublic information? In particular, are the procedures designed with a view toward the specific structure and business activities of the firm? Has the firm taken reasonable steps to enforce its written procedures?

Practical implications

Given the SEC's current enforcement emphasis in this area, it is essential that brokers, dealers, and investment advisers look critically at whether they are taking adequate steps to protect the confidential information they may handle on a daily basis.

Originality/value

The paper presents a practical guide by an experienced enforcement attorney.

Details

Journal of Investment Compliance, vol. 8 no. 3
Type: Research Article
ISSN: 1528-5812

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Article
Publication date: 1 August 2004

Samuel O. Idowu and Brian A. Towler

The last few decades have seen an increase in awareness on the part of corporate entities in Western democracies that they are morally obliged to give something back to society…

18504

Abstract

The last few decades have seen an increase in awareness on the part of corporate entities in Western democracies that they are morally obliged to give something back to society. An entity that fails to make a positive contribution to society will be perceived as being socially irresponsible! To demonstrate that they “care” about the people and environment they operate in, organisations have taken different courses of action. The corporate social responsibility (CSR) reports which have now become an annual report in addition to the traditional annual financial reports is one of the vehicles used to demonstrate how caring they have been over the financial period that has just ended and how they intend to continue to be even more so in future periods. The study looks at CSR reports of different companies across different industries in the UK. Notes that there are two distinct practices adopted when reporting on CSR matters. Some companies issue separate reports for their CSR activities whilst others devote a section in their annual reports for providing information on these activities. Also notes that all companies in the survey recognise the enormous benefits that can emanate from making known their CSR policies and activities. It can be revealed from the study that UK CSR reports disclose information about the contributions an entity has made during the year that has just ended in four main perspectives, which are environment, community, marketplace and workplace.

Details

Management of Environmental Quality: An International Journal, vol. 15 no. 4
Type: Research Article
ISSN: 1477-7835

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