Innovation and the critical role of supplier support - the case of the Tyrell P34

In the 1970s an innovative design of car threatened to achieve dominance in Formula 1, but was stymied by lack of supplier support. Paolo Aversa discusses the history of the Tyrell P34, a case which confirms the critical importance of strategic suppliers to innovation in industry.

Updated: 09/02/2017
Comments:
Views: 16,605

Credit rating migration risk and business cycles

Author(s):

Elena Kalotychou

 et al.
Topic:
Finance
Industry:
Banking

The recent global financial crisis has served as a stark reminder of the crucial role of systematic stress testing of financial institutions' portfolios, particularly, their lending books. In response to the regulatory deficiencies thus revealed, Basel III is seeking to achieve the broader macroprudential goal of protecting the banking sector from periods of excess credit growth by requesting longer horizon default probabilities, downturn loss-given-default measures and improved calibration of risk models.

A Mixture of Markov Chains (MMC) approach is proposed to estimate credit rating migration risk that controls for the business-cycle evolution during the relevant time horizon in order to ensure adequate capital buffers both in good and bad times.

Updated: 09/02/2017
Comments: 10
Views: 16,575

Double Chain Ladder

Author(s):

María Miranda

 et al.

This paper presents an extension to the model for forecasting outstanding claims liabilities, formulated by Verrall et al. (2010). The resulting model is closely related to the chain ladder method. So close in fact, it is possible to produce exactly the same results, if a particular choice is made about the way the estimates are obtained. This raises the question of why a new method is necessary. This research puts forward several answers.

Updated: 09/02/2017
Comments:
Views: 15,606

The Case for Multitasking

With increasing demands on our attention, many of us attempt to multi-task to save time, but is multitasking conducive to a higher quality of work? The following report, based on research by Professor Vangelis Souitaris, explains that there is a difference in performance between those who multi-task and those who do not.

Why is this? Also outlined are some of the benefits and limitations of being able to multi task and suggestions for companies looking to improve output.

Updated: 09/02/2017
Comments: 5
Views: 15,392

Consumer Behaviour in a Multi-media World: Digital Natives, Technology and Trends

Professor Vince Mitchell addressed the Consumer Marketing in Higher Education 2013 conference on 23rd May 2013, and asked the question "Are the Millennial Net Y Digital Native Generation as tech-savvy, web-savvy, internet-savvy and computer-savvy as we think?"

Updated: 23/05/2013
Comments:
Views: 15,336

The Trend is our Friend: Risk Parity, Momentum and Trend Following in Global Asset Allocation

An examination of the effectiveness of applying a trend following methodology to global asset allocation between equities, bonds, commodities and real estate.

Updated: 09/02/2017
Comments: 49
Views: 15,124

Managing the pain of knowledge-based mergers

Mergers and acquisitions are supposed to create value. For professional service firms (PSFs), which are knowledge-based organizations, this value is created through gaining access to and making effective use of new sources of knowledge. It can be the technical knowledge needed to deliver a professional service or the client knowledge required to tailor that service to a client's needs - and ideally it should be both.

Updated: 21/10/2011
Comments:
Views: 14,885

The role of paradox in understanding female career progression within UK professional services firms

In recent years, professional services firms have increasingly promoted their commitment to workplace gender diversity and inclusion (D&I). Research demonstrates that there are three narratives commonly cited to justify D&I. This study argues that the way in which organisational leaders combine and utilise these three narratives can help to predict their success in promoting gender diversity at senior levels.

Updated: 15/04/2013
Comments:
Views: 14,330

Line management and Rewards in China’s knowledge intensive industries

Managers play a significant role in the adoption, modification, and even discontinuation of pay for performance. However, there has been no existing literature on the contributions of line managers to pay for performance practices in the Chinese context. This paper explores line managers' perception of pay for performance and the key supports and barriers to their involvement in pay for performance design and implementation. A multi-case study approach was conducted in 12 non-public sector knowledge intensive firms, aligned with semi-structured interviews with HR and line managers. The findings show that project intensification could be an important factor that impacted on line managers' understanding and responsibility in pay for performance.

Updated: 10/02/2017
Comments: 18
Views: 14,305