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Transfer pricing, although a relatively new area, is now a large and complex subject. In large diversified and integrated companies, the necessity to identify separate “profit centres” generates “internal” prices or transfer prices from one subsidiary to another, from one product line to another or even from one function to another. As the movements of funds generated by these transfer prices remain strictly within the company books, and therefore do not generate any profit for the whole enterprise, it appears that the mechanism of setting the level of transfer prices is purely an artificial accounting technique which should not deserve too much management time and should not influence real business decisions. An enormous amount of internal time is, however, spent by the management of most large companies in discussing and negotiating transfer prices. This seems to be a waste of time and effort but is a logical consequence of the definition of separate profit centres. The primary objective of the company should be to maximise overall profit, which means the addition of the financial results of each profit centre, and therefore the transfer price system should be designed to reach that objective.

Theories of inter‐divisional transfer pricing are not easily put into practice — some helpful suggestions are offered.

This study aims to develop a battery of items that assess the factors affecting sports events’ success from the promoters’ perspective and a measurement tool that identifies these stakeholders’ main priorities based on the importance-performance analysis (IPA) framework.

The research was conducted using mixed methods. In the first qualitative step, sports event management’s main dimensions were identified based on the existing literature and a comprehensive battery of corresponding items were developed via content analysis of interviews with experts. The second quantitative step focused on Lisbon, the 2021 European City of Sport. Promoters of 21 different medium or large sports events (number = 41 respondents) were asked to fill out a survey ranking each dimension’s items by performance and room for improvement. The IPA’s results are presented both for the overall sample and by promoter type (i.e. events with or without sports facilities).

The 46 items identified fall into the following three categories: sports infrastructure, city image and hospitality and event management (i.e. pre-event, event and post-event). Pre-event includes stakeholder management, organigram and responsibilities, business plan, marketing mix, risk assessment and sponsorship management. Sponsorship management stands out among the areas considered a priority by event promotors.

This study adds to the literature by offering a comprehensive approach to assessing empirically all stages of the event management process.

Presents the scientific methodology from the enlarged cybernetical perspective that recognizes the anisotropy of time, the probabilistic character of natural laws, and the entry that the incomplete determinism in Nature opens to the occurrence of innovation, growth, organization, teleology communication, control, contest and freedom. The new tier to the methodological edifice that cybernetics provides stands on the earlier tiers, which go back to the Ionians (c. 500 BC). However, the new insights reveal flaws in the earlier tiers, and their removal strengthens the entire edifice. The new concepts of teleological activity and contest allow the clear demarcation of the military sciences as those whose subject matter is teleological activity involving contest. The paramount question “what ought to be done”, outside the empirical realm, is embraced by the scientific methodology. It also embraces the cognitive sciences that ask how the human mind is able to discover, and how the sequence of discoveries might converge to a true description of reality.

Shortly before the Second World War, a woman who had never accepted her orphan status, Gabrielle Bonheur Chanel, nicknamed ‘Little Coco’ by her father and known as ‘Coco’ to her relatives, became the first women in history to build a world-class industrial empire. By 1935, Coco, a fashion designer and industry captain, was employing more than 4,000 workers and had sold more than 28,000 dresses, tailored jackets and women's suits. Born into a poor family and raised in an orphanage, she enjoyed an intense social life in Paris in the 1920s, rubbing shoulders with artists, creators and the rising stars of her time.

Thanks to her entrepreneurial skills, she was able to innovate in her methods and in her trendsetting approach to fashion design and promotion. Coco Chanel was committed and creative, had the soul of an entrepreneur and went on to become a world leader in a brand new sector combining fashion, accessories and perfumes that she would help shape. By the end of her life, she had redefined French elegance and revolutionized the way people dressed.

Urban agriculture is increasingly recognized for its potential contribution to more sustainable urban development. Urban agriculture includes the cultivation and raising, processing and marketing of food and non-food crops, medicinal and aromatic herbs, fruit trees, as well as animal products within urban and periurban areas. Urban agriculture positively impacts urban food security, local economic development, environmental management and community building. To reconcile the demands posed by urban growth with urban agriculture activities of high social and economic value, urban agriculture however should be included into land use planning and design, and regulated by municipalities, assuring its proper management and avoiding potential health and environmental risks. Open and green urban spaces could be designed for multifunctional urban agriculture and combine natural habitat, food production, educational, recreational and leisure activities. Such design processes would benefit from broad participation of urban planners and architects, urban farmers, citizens and slum inhabitants as to enhance ownership and engagement, more effectively use available local resources and give the process a higher credibility and wider outreach. This article shares the experience of Rosario, Argentina where the city planners and University staff collaborated with two low-income communities in the design and implementation of a multifunctional neighborhood park, public square and road reserve. A step-by-step participatory design process was followed: starting from initial visioning, defining and relating the various existing and multi-functional land uses desired, to elaborating the site plan, and agreeing on implementation procedures. The article briefly contextualizes the site and its inhabitants, illustrates the design process and the results achieved and highlights some of the problems encountered. Participatory design of open spaces for urban agriculture in Rosario- though a complex process- proved to have contributed to improving socio-economic and environmental conditions in the city, while also serving as a source of inspiration to other cities in the region.

This chapter attempts to offer a clearer look at the historical roots of the founding of mutualist finance. Without denying that the various forms of financial mutualism may have legal and organizational roots in ancient times, the author considers what, for contemporary mutualist banks, may constitute the soul.

In its first part, the document presents the individual constructions that existed in the eighteenth and nineteenth centuries, in a context in which economic development and the industrial revolution banished the rules and standards of the former society. It refers to Utopian socialisms as opposed to the scientific solutions proposed for a new social organization and to the new solidarism according to Léon Bourgeois. Christian sources are also called to mind with social Christianity (Protestant) and social Catholicism until the birth of the social doctrine of the Church.

This frenzy of ideas as well as the confrontation with reality led to the birth, in Germany, of the first experiments with alternative finance. This is the subject of the second part of this chapter, which then develops the bank mutualism created by the founding fathers, F.W. Raiffeisen and H. Schulze-Delitzsch.

The historical description of the creation of mutualist banks brings up two major problems when talking about the “other finance”: the interest and activity of the bank. Is an ethical finance capable of proposing a credible alternative? This is a question that needs to be answered in the light of history.

This chapter attempts, more than 150 years after the fact, to demonstrate the ponderous presence of the question and the permanence of the founding ideas in order to comprehend the facts and propose ideas for analysis and construction of an “other finance.”

The following list is a first attempt to catalogue and describe systematically the British Museum's extensive holdings of early opera librettos and related plays. The great importance of these unpretentious booklets as supplementary and, more often than not, even primary sources for the history and bibliography of dramatic music, besides or instead of the scores, was already clearly recognized in the eighteenth century by Dr. Burney and other scholars. But it is only since 1914, the year in which O. G. T. Sonneck's Library of Congress Catalogue of opera librettos printed before 1800 appeared, that their documentary value could to any greater extent be put to general use in international musicological research. A similar bibliography of the British Museum librettos, while naturally duplicating many Washington entries, would produce a great number of additional tides, not a few of them otherwise unrecorded; it would provide the musical scholar with the key to a collection unequalled elsewhere in Europe, which owing to the peculiar nature of the material is not easily accessible by means of the General Catalogue.