Considers there are two critical steps in implementing TQM. Asserts management must translate the quality guru′s message to the company′s culture and then integrate these…
Abstract
Considers there are two critical steps in implementing TQM. Asserts management must translate the quality guru′s message to the company′s culture and then integrate these activities into the normal mode of doing business. Describes the implementation plan. Discusses the active involvement of executives and managers. Contends the education of the workforce is a necessary element. Discusses quality teams and looks at the issues they need to consider. Concludes that quality improvement requires the mobilization of an organization′s resources and suggests activities to be undertaken by management in order to achieve success.
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This chapter examines the roles and challenges for the Irish economy in the aftermath of the collapse of the Celtic Tiger and the onset of the 2008 economic crisis. Specifically…
Abstract
Purpose
This chapter examines the roles and challenges for the Irish economy in the aftermath of the collapse of the Celtic Tiger and the onset of the 2008 economic crisis. Specifically, it does review the role that Government, the Central Bank of Ireland, and the Financial Regulator had before, during and after the collapse of both the Irish banking system and property market. This chapter explains the drivers behind the growth of the Celtic Tiger and the sources of leverage that amplified the severity of the subsequent collapse. Specifically, this chapter focuses on the changes that have since been made and provides a review of the lessons that can be obtained from the collapse.
Methodology/approach
The results presented in this chapter are based on analysis of secondary sources and a literature review to determine conceptual and theoretical frameworks for identifying the specific issues that the Irish economy endured since the 2008 economic crisis and the red flags and signals that were either missed or ignored.
Findings
Combined with the subprime collapse of 2007 and the international sovereign debt crisis evident since 2008, Ireland and the actions of its regulators and policy makers undoubtedly generated not only a catalyst to financial ruin, but also an incubator to aid its severity. The precise drivers that created the Celtic Tiger remained unchanged and played a significant role in the subsequent collapse. Banks were leveraged towards the Irish property market and the role of leverage in financial markets created mispricing, to which the basic principles of the efficient market hypothesis (EMH) failed. This miscalculation of risk was severe and destructive for the real economy. The reward for this error was a place in history as an ‘I’ in the derogatory term ‘PIIGS’.
Practical implications
This chapter could be used as teaching material for undergraduate and masters programmes in economics and finance. It provides a response to further understand the behaviour of the Irish economy during the development of the Celtic Tiger and the subsequent financial collapse that enveloped the Irish state.
Originality/value
This chapter discusses the role of leverage throughout a financial system and the necessity for financial monitors to promote an environment of sustainability and financial endurance; that which can survive an international financial crisis event.
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T. Henry Turner Retires. T. HENRY TURNER, who has been superintendent (Metallurgy Division) of the British Railways Research Department at Derby since 1953, retired from service…
Abstract
T. Henry Turner Retires. T. HENRY TURNER, who has been superintendent (Metallurgy Division) of the British Railways Research Department at Derby since 1953, retired from service with the British Transport Commission at the end of last month. Mr. Turner has had a long and distinguished career with the British Transport Commission, and before that with the London and North‐Eastern Railway as a metallurgist.
The calculation of undercarriage landing reactions and dynamic stresses is discussed, and the merging of the two calculations under certain circumstances is proposed. …
Abstract
The calculation of undercarriage landing reactions and dynamic stresses is discussed, and the merging of the two calculations under certain circumstances is proposed. ? formulation of the combined problem is outlined, and numerical examination of a simple case shows that in some cases the reaction forces are appreciably reduced by the adoption of the combined approach. Finally, a criterion is derived which could be used in the early stages of undercarriage design to predict the elicci of aircraft flexibility.
ONLY as events recede can we view them in proper perspective. It is then that we discover how often initial judgments were wrong, our fears con‐founded or our hopes dispelled…
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ONLY as events recede can we view them in proper perspective. It is then that we discover how often initial judgments were wrong, our fears con‐founded or our hopes dispelled. Treaties to end wars, pacts of eternal friendship and alliance are the debris which litter our uneasy world.
The threat posed by nuclear weapons to world peace need not be exaggerated. Advancement in science and technology has enabled us to go for a complete annihilation of not only the…
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The threat posed by nuclear weapons to world peace need not be exaggerated. Advancement in science and technology has enabled us to go for a complete annihilation of not only the Homo sapiens but all the species on earth. Should we permit our idiocy entangled with the nuclear weapons to destroy us or should we, the thinking animals, permit our wisdom to outlive the demonic nuclear weapons, is a question that is being asked by sensible people all over the world today. Just public denouncement of weapons of mass destruction is un-utilitarian. Mankind has been hearing such hollow, absurd words ever since the first atomic test. We have been feeding ourselves on a diet of hypocrisy. If it is not that what else is CTBT? Should the world permit demons to chant mantra? Isn’t it time to recognize that the world is governed not by saints but by Satans? (This is because rise and fall of civilizations has taught us that might is still right.) Isn’t it time to understand that only a metamorphosis of the Satans into saints can save the world? If we know that well, we should start thinking how the nuclear Satans could be transformed into nuclear saints and it is only logical that the nuke Satans should take initiative in transforming themselves, which alone would salvage the world. The present study is premised on these assumptions.
Espouses the Web with regard to the media and all its areas of relevance. Encourages and supports multinational forms of production as new but admits they may be no more…
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Espouses the Web with regard to the media and all its areas of relevance. Encourages and supports multinational forms of production as new but admits they may be no more sympathetic to social need and democratic practice than previous commercial media. Charts the market and the Web’s changes for commercial business.
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Patrick McNamee, Dolores O’Reilly and Brendan McFerran
Often businesses fail, or fail to reach their true potential, for strategic rather than operational reasons. This type of failure may be caused because the key decision makers in…
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Often businesses fail, or fail to reach their true potential, for strategic rather than operational reasons. This type of failure may be caused because the key decision makers in such firms are not well informed about the strategic landscape in which their firm operates. A military analogy is used to show that successful military campaigns are often predicated upon having accurate maps. Similarly, competitive strategies followed by firms are likely to be more successful if key decision makers possess accurate strategic maps which display the location of their own and rival firms. In other words, those firms which have detailed knowledge of their strategic landscapes are likely to enjoy significant competitive advantage, while firms which are in ignorance of their strategic landscape are less likely to be able to navigate a route that will confer sustained competitive advantage. A firm’s strategic landscape is analysed in terms of: the firm’s true competitive position, the industry conditions under which the firm and its competitors operate and the core strategies that firms in the industry are following. This paper analyses an approach to strategic mapping developed by a major new independent strategic database called CAM (Competitive Analysis Model). This database has been built to aid small firms improve their results through generating accurate strategic maps. These maps enable client firms to assess their strategic locations and performances longitudinally, sectorally and cross‐sectionally. Finally, CAM clients appear to have outperformed similarly structured non‐CAM firms.
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This chapter details the instructional experiences of a group of graduate students, who are emerging Human Systems Intervention practitioners – men and women who self-identify as…
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This chapter details the instructional experiences of a group of graduate students, who are emerging Human Systems Intervention practitioners – men and women who self-identify as white and work in organizational, community, and educational leadership settings. I outline a series of learning experiences that supported a group of MA students to uncover white supremacist thinking in their work – their approaches to intervention and their mental models regarding effective organizational or community functioning. Using contemplative practices to dig out oppressive, invisible dimensions of white identity, we examined how our whiteness shaped and warped how we enacted our work in community and organization development. We did this by reflective reading, meditation, contemplative arts, deep listening and storytelling, singing and music, and ceremony. This chapter illustrates how higher education can address a fundamental mental model and world view that influences how social responsibility is envisioned and how issues of social justice can be advanced within graduate professional education through socially responsible teaching and learning strategies and activities.
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- Community and organizational development
- contemplative pedagogy
- contemplative practices
- graduate education
- higher education
- learning strategies and activities
- management education
- professional education
- self as instrument
- social justice
- social responsibility
- teaching and learning
- whiteness
- white privilege
- white supremacist thinking