The term “globalisation”, although ubiquitous, has lost precision due to the fact that it can be applied in diverse ways. Here, multiple implications of globalisation are…
Abstract
The term “globalisation”, although ubiquitous, has lost precision due to the fact that it can be applied in diverse ways. Here, multiple implications of globalisation are discussed in order to clarify its impact upon modern business and vice versa. In specific, the concepts of homogenisation, polarisation, and hybridisation are examined. By comparing these models to earlier paradigms (such as those provided by the Enlightenment and the Romantic Movement), more precise discussions of globalisation result. The concept of dialectics, furthermore, provides a valuable tool to use when analysing the process of hybridisation.
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Veronica Rendon Callahan, Ellen Kaye Fleishhacker, Robert Holton, Steven A. Kaplan, Kevin Lavin, Michael Trager, Mark Sylvester and Pratin Vallabhaneni
– To explain and analyze SEC charges and settlement with Kohlberg Kravis Roberts & Co. (“KKR”) related to misallocation of broken deal expenses.
Abstract
Purpose
To explain and analyze SEC charges and settlement with Kohlberg Kravis Roberts & Co. (“KKR”) related to misallocation of broken deal expenses.
Design/methodology/approach
Provides background, including other similar SEC enforcement actions in relation to private equity and hedge funds; explains the regulatory violations in KKR’s broken deal allocation methodology and related disclosure; draws lessons and makes recommendations for private equity firms concerning the need for compliance and disclosure reviews and the benefits of remediation and cooperation.
Findings
This enforcement action and other similar ones represents a continuing SEC focus on fee and expense misallocation. It is also relevant to advisers to real estate and hedge fund complexes that face similar allocation issues.
Practical implications
Private equity firms and other advisers to private investment funds should re-evaluate their fee and expense allocation policies and procedures to be sure that they adhere to current regulatory and investor expectations.
Originality/value
Practical guidance from experienced securities enforcement and litigation and investment management lawyers.
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The course and development of capitalism is a central issue in socio‐logical analysis (Marx, 1936; Harrington, 1976; Bernstein, 1985; Badham, 1984; Baran and Sweezy, 1977;…
Abstract
The course and development of capitalism is a central issue in socio‐logical analysis (Marx, 1936; Harrington, 1976; Bernstein, 1985; Badham, 1984; Baran and Sweezy, 1977; Dahrendorf, 1959; Mandel, 1976). Though there is little agreement on the destiny of capitalism, there is general recognition that capitalism has been altered by recent social change. These changes have been widely discussed around ideas pertaining to the regulation of economic actors, legal constraints on wages and the general increase of welfare programmes. Of these developments, welfare and social services have been the most carefully monitored in the sociological literature. Since welfare programmes provide goods and services without regard to social and economic status, welfare has been correctly interpreted as a significant modification of capitalism.
Observational learning within the leadership development of managers is under-theorized thus far. The purpose of this paper is to develop a theoretical argument that builds out…
Abstract
Purpose
Observational learning within the leadership development of managers is under-theorized thus far. The purpose of this paper is to develop a theoretical argument that builds out from a relational leadership perspective to center on processes affecting observational learning.
Design/methodology/approach
The contribution is to draw together research to build a holistic model of observational learning. A further contribution is to apply this model to the context of leadership development.
Findings
The paper examines processes associated with attention, availability, access, attainability, motivation and social comparison with significant others in particular contexts. The paper takes a temporal perspective to examine the ways that such interaction appears to be most prominent at particular times.
Research limitations/implications
The paper concludes by outlining the opportunities for applying this understanding of observational leadership learning within management development arenas and explore future directions for research.
Originality/value
Observational learning has been relatively overlooked. Though the authors often “know” that leaders develop through experience, the role of observational learning in this experience is not well understood. This paper is intended to provide a stimulus for exploring this important area in terms of shaping thinking and designs for management development interventions.
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Claretha Hughes, Lionel Robert, Kristin Frady and Adam Arroyos