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Risk can be securitized, information may not and that means heading for trouble...

22 avril 2008, par Administrateur

Securitization has become a panacea on financial markets. Indeed, it is predicated on the simple idea that balance sheets are more often than not the best parking for risks. In other (shareholders) words, they are the most costly parking you can find. Hence, commercial banks with the structuring help of Wall Street firms have "shipped" assets and liabilities that were so far stored in their balance sheets to investors. It sounds like a marvelous and lucrative never ending (...)
 

MIS

Are we going toward an XXX 2.0 ?

9 avril 2008, par Guy Benchimol
We witnessed successive technologies such as Artificial Intelligence, Knowledge Management and so on until they are vulgarized and drowned into larger (...)

Finance

Fooled by Bear ?

25 mars 2008, par Jim Mahar
I have never been a big fan of Jim Cramer (my thought has always been is that he is really smart and a great marketer), but this probably has gone too far. (...)

 

Point De Vue

Qu’est-ce qu’une bibliothèque numérique ? (Auteurs : Eric Briys et Richard Nock)

21 mars 2008, par Administrateur
Qu’aurait répondu Saint-Exupéry si le Petit Prince lui avait demandé : « S’il vous plaît... dessine moi une bibliothèque ? » Un mouton n’est (...)

Economie

Un tournant sur les brevets

9 mars 2008, par Bernard Salanié
"Granting patent protection to advances that would occur in the ordinary course without real innovation retards progress and may, in the case of (...)

 

Point De Vue

Knowledge Management needs a different philosophical perspective

25 janvier 2008, par Walter Baets
I have started again with my most favorite course (Knowledge management and management learning : the biology of business) that I am doing together with my (...)

Point De Vue

Economie et Pouvoir d’achat

25 janvier 2008, par Guy Benchimol
En France, alors que, ces temps-ci, les débats sur le pouvoir d’achat battent leur plein ; il est permis de se demander quelle en est la véritable (...)

 

Finance

Private Placements

13 décembre 2007, par Jim Mahar
Another financial institution that had had major writedowns gets a cash infusion. Bloomberg.com : Worldwide : "— E*Trade Financial Corp., the U.S. (...)

Finance

Reading advice : The Anatomy of Financial Crises, Understanding Their Causes and Consequences

13 décembre 2007, par Jim Mahar
Gee, I may have to ask Santa for this one. It looks VERY good ! The Anatomy of Financial Crises : Understanding Their Causes and Consequences - (...)

 

Point De Vue

Macroéconomie et Microéconomie : les soeurs siamoises

7 décembre 2007, par Guy Benchimol
Dans sa dernière chronique, Bernard Paranque a attiré notre attention sur le double visage du Futur mais l’Economie a aussi un double visage ! Comme le (...)

Point De Vue

L e temps, la finance et la religion

25 novembre 2007, par Bernard Paranque
Je trouve que la finance et la religion (en tous cas les trois religions monothéistes) partagent une croyance : le fait que le futur (qu’il soit de notre (...)

 

Le chroniqueur du jour

Administrateur

Je suis celui auquel incombe la lourde tâche d’administrer ce site ;-) Soyez indulgent !


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Le livre du moment

MANAGING CULTURAL DIFFERENCES, Robert T. Moran, Philip R. Harris and Sarah Moran, Elsevier Science and Technology, 2007

In the authors’ own words :

"Two skills are of fundamental importance today for global people. The first skill is listening to understand. Many global leaders, particularly of nation-states, do not seem to possess this skill to a high degree. Listening is a symbol of respecting the dignity of others.

The second is the skill of locating and using many very sophisticated cultural interpreters. It is impossible for any individual, given the complexity of culture, to have a free understanding of other systems.

However, cultural interpreters, individuals from each culture, can teach leaders. Having listened and been a student with cultural interpreters as teachers, the global leader is equipped to face the many opportunities and challenges that will be continually presented.

Having a sense of culture and its related skills is a unique human attribute. Culture is fundamentally a group problem-solving tools for coping in a particular environment. It enables people to create a distinctive world around themselves, to control their own destinies, and to grow. Sharing the legacy of diverse cultures advances our social, economic, technological, and human development. Culture can be analyzed in a macro-context, such as in terms of national groups, or in a micro sense, such as within a system or organization.

Increasingly, we examine culture in a global sense from the perspective of work, leadership, or markets. Because management philosophies and practices are culturally conditioned, it stands to reason that there is much to be gained by including cultural studies in all management or professional development. This is particularly relevant during the global transformation under way. Culturally skilled leaders are essential for the effective management of emerging global corporations as well as for the furtherance of mutually beneficial world trade and exchange. In these undertakings, the promotion of cultural synergy by those who are truly global managers will help us to capitalize on the differences in people, while ensuring their collaborative action."

A sample chapter here.