Managing The Unknown

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Managing the Unknown

Author : Christoph H. Loch
Publisher : John Wiley & Sons
ISBN 13 : 1118276825
Total Pages : 269 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Managing the Unknown by : Christoph H. Loch

Download or read book Managing the Unknown written by Christoph H. Loch and published by John Wiley & Sons. This book was released on 2011-11-30 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing the Unknown offers a new way of looking at the problem of managing projects in novel and unknown environments. From Europe's leading business school, this book shows how to manage two fundamental approaches that, in combination, offer the possibility of coping with unforeseen influences that inevitably arise in novel projects: * Trial-and-Error Learning allows for redefining the plan and the project as the project unfolds * Selectionism pursues multiple, independent trials in order to pick the best one at the end Managing the Unknown offers expert guidelines to the specific project mindsets, infrastructures, and management methods required to use these project management approaches and achieve success in spite of unforeseen obstacles. This book equips readers with: * Causal explanations of why unforeseeable factors in novel projects make traditional project planning and project risk management insufficient * Directly applicable management tools that help managers to guide novel and high-uncertainty projects * Real-world case studies of both successful and unsuccessful approaches to managing high uncertainty in novel projects

Managing the Unknown

Author : Frank Uekötter
Publisher : Berghahn Books
ISBN 13 : 1782382534
Total Pages : 208 pages
Book Rating : 4.7/5 (823 download)

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Book Synopsis Managing the Unknown by : Frank Uekötter

Download or read book Managing the Unknown written by Frank Uekötter and published by Berghahn Books. This book was released on 2014-03-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Information is crucial when it comes to the management of resources. But what if knowledge is incomplete, or biased, or otherwise deficient? How did people define patterns of proper use in the absence of cognitive certainty? Discussing this challenge for a diverse set of resources from fish to rubber, these essays show that deficient knowledge is a far more pervasive challenge in resource history than conventional readings suggest. Furthermore, environmental ignorance does not inevitably shrink with the march of scientific progress: these essays suggest more of a dialectical relationship between knowledge and ignorance that has different shapes and trajectories. With its combination of empirical case studies and theoretical reflection, the essays make a significant contribution to the interdisciplinary debate on the production and resilience of ignorance. At the same time, this volume combines insights from different continents as well as the seas in between and thus sketches outlines of an emerging global resource history.

Managing the Unknown - A New Approach to Managing High Uncertainty and Risk in Projects

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (985 download)

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Book Synopsis Managing the Unknown - A New Approach to Managing High Uncertainty and Risk in Projects by :

Download or read book Managing the Unknown - A New Approach to Managing High Uncertainty and Risk in Projects written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Known, the Unknown, and the Unknowable in Financial Risk Management

Author : Francis X. Diebold
Publisher : Princeton University Press
ISBN 13 : 0691128839
Total Pages : 392 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Known, the Unknown, and the Unknowable in Financial Risk Management by : Francis X. Diebold

Download or read book The Known, the Unknown, and the Unknowable in Financial Risk Management written by Francis X. Diebold and published by Princeton University Press. This book was released on 2010-05-09 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk managers, executives, and regulators. This book introduces a more realistic and holistic framework called KuU --the K nown, the u nknown, and the U nknowable--that enables one to conceptualize the different kinds of financial risks and design effective strategies for managing them. Bringing together contributions by leaders in finance and economics, this book pushes toward robustifying policies, portfolios, contracts, and organizations to a wide variety of KuU risks. Along the way, the strengths and limitations of "quantitative" risk management are revealed. In addition to the editors, the contributors are Ashok Bardhan, Dan Borge, Charles N. Bralver, Riccardo Colacito, Robert H. Edelstein, Robert F. Engle, Charles A. E. Goodhart, Clive W. J. Granger, Paul R. Kleindorfer, Donald L. Kohn, Howard Kunreuther, Andrew Kuritzkes, Robert H. Litzenberger, Benoit B. Mandelbrot, David M. Modest, Alex Muermann, Mark V. Pauly, Til Schuermann, Kenneth E. Scott, Nassim Nicholas Taleb, and Richard J. Zeckhauser. Introduces a new risk-management paradigm Features contributions by leaders in finance and economics Demonstrates how "killer risks" are often more economic than statistical, and crucially linked to incentives Shows how to invest and design policies amid financial uncertainty

Managing Project Uncertainty

Author : David Cleden
Publisher : Routledge
ISBN 13 : 1351920413
Total Pages : 131 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Managing Project Uncertainty by : David Cleden

Download or read book Managing Project Uncertainty written by David Cleden and published by Routledge. This book was released on 2017-03-02 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dealing effectively with uncertainty requires today's project manager to be familiar with a broad spectrum of strategies, encompassing both 'hard' and 'soft' methods. This theme of unified thinking (i.e. the need to selectively draw upon a wide range of strategies in any given situation) will differentiate the book from its contemporaries. By picking up where traditional risk management techniques begin to fail, it brings together leading-edge thinking from a variety of disciplines and shows how these techniques can be used to conquer uncertainty in projects. The ability to make good decisions when faced with uncertainty is the real challenge. It is a universal truth that a decision is only as good as the information it is based on. But good information is often hard to come by, and all projects are vulnerable to the unknown and the unknowable. Thus, uncertainty becomes the sworn enemy of the project manager. Wherever we try to analyse, quantify, plan and act, uncertainty lies in wait to surprise us with its ambiguity and unpredictability. It lurks in every stage of the project lifecycle: in the planning (how long will this really take?), the initiation (this isn't the situation I expected!), the execution (who could have foreseen that happening?), and even the completion of a project (where are the expected benefits?). But managing uncertainty is a lot more than just applying risk management techniques. It requires a deep appreciation of how uncertainty arises and, by recognising its different guises, the appropriate strategies can be formulated. If we can learn how to reduce uncertainty, we can make better management decisions and increase the chances of the project succeeding. This book addresses five key questions: ¢ Why is there uncertainty in projects? ¢ How do you spot the symptoms of uncertainty, preferably at an early stage? ¢ What can be done to avoid uncertainty? ¢ What strategies can be used to deal with project uncertainty? ¢ How can both the individual and the organisation learn to cope more effectively in the future? The reader is assumed to be a either a project management professional, or a senior manager looking for ways to improve project management strategy within their organisation. As such, a foundation in project management basics is assumed, although not essential. The book then builds on this by exposing new ideas and concepts, and shows how these can be harnessed to tackle uncertainty in its many guises.

Managing the Unknown

Author : Richard Boot
Publisher : McGraw-Hill Companies
ISBN 13 : 9780077076269
Total Pages : 259 pages
Book Rating : 4.0/5 (762 download)

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Book Synopsis Managing the Unknown by : Richard Boot

Download or read book Managing the Unknown written by Richard Boot and published by McGraw-Hill Companies. This book was released on 1994-01-01 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt:

From Bud to Boss

Author : Kevin Eikenberry
Publisher : John Wiley & Sons
ISBN 13 : 0470943904
Total Pages : 326 pages
Book Rating : 4.4/5 (79 download)

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Book Synopsis From Bud to Boss by : Kevin Eikenberry

Download or read book From Bud to Boss written by Kevin Eikenberry and published by John Wiley & Sons. This book was released on 2011-01-07 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical advice for making the shift to your first leadership position The number of people who will become first-time supervisors will likely grow in the next 10 years, as Baby Boomers retire. Perhaps the most challenging leadership experience anyone will face isn't one at the top, but their first promotion to leadership. They must deal with the change and uncertainty that comes with a new job, requiring new skills, and they've been promoted from peer to leader. While the book addresses the needs of any manager, supervisor, or leader, it pulls from the best leadership and management thinking, and puts the focus on the difficulties that new leaders experience. Includes practical information for new managers who must supervise friends and former peers Authors are expert consultants who work with leaders at all levels Shows how to adopt the mindset of a leader, including: communicating change, giving feedback, coaching employees, leading productive teams, and achieving goals This much-needed book can help new leaders get beyond the stress and fear to focus on becoming the most effective leader they can be-starting right now.

Managing the Unknowable

Author : Ralph D. Stacey
Publisher : John Wiley & Sons
ISBN 13 : 9781555424633
Total Pages : 248 pages
Book Rating : 4.4/5 (246 download)

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Book Synopsis Managing the Unknowable by : Ralph D. Stacey

Download or read book Managing the Unknowable written by Ralph D. Stacey and published by John Wiley & Sons. This book was released on 1992-11-11 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's What You Don't Know That Counts Discover the important roles chance and uncertainty play insuccessful strategic planning. In this ingenious work, author RalphD. Stacey shows managers how their companies can benefit from theunexpected developments that impact their business and how they canprepare to creatively leverage the opportunities such developmentspresent. He explains how an appreciation of conflict and teamdialogue can help managers discover and build on the innate energyof their organizations. And he illustrates his theories withreal-world examples from Sony, Kodak, Federal Express and othernoted market innovators.

The Politics of Uncertainty

Author : Ian Scoones
Publisher : Routledge
ISBN 13 : 1000163407
Total Pages : 280 pages
Book Rating : 4.0/5 (1 download)

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Book Synopsis The Politics of Uncertainty by : Ian Scoones

Download or read book The Politics of Uncertainty written by Ian Scoones and published by Routledge. This book was released on 2020-07-14 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why is uncertainty so important to politics today? To explore the underlying reasons, issues and challenges, this book’s chapters address finance and banking, insurance, technology regulation and critical infrastructures, as well as climate change, infectious disease responses, natural disasters, migration, crime and security and spirituality and religion. The book argues that uncertainties must be understood as complex constructions of knowledge, materiality, experience, embodiment and practice. Examining in particular how uncertainties are experienced in contexts of marginalisation and precarity, this book shows how sustainability and development are not just technical issues, but depend deeply on political values and choices. What burgeoning uncertainties require lies less in escalating efforts at control, but more in a new – more collective, mutualistic and convivial – politics of responsibility and care. If hopes of much-needed progressive transformation are to be realised, then currently blinkered understandings of uncertainty need to be met with renewed democratic struggle. Written in an accessible style and illustrated by multiple case studies from across the world, this book will appeal to a wide cross-disciplinary audience in fields ranging from economics to law to science studies to sociology to anthropology and geography, as well as professionals working in risk management, disaster risk reduction, emergencies and wider public policy fields.

eXtreme Project Management

Author : Douglas DeCarlo
Publisher : John Wiley & Sons
ISBN 13 : 0470573678
Total Pages : 560 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis eXtreme Project Management by : Douglas DeCarlo

Download or read book eXtreme Project Management written by Douglas DeCarlo and published by John Wiley & Sons. This book was released on 2010-10-01 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s new breed, eXtreme projects are different. They feature high speed, high change, high complexity, high risk, and high stress. While traditional projects follow the classic model of ready, aim, fire, eXtreme project managers succeed by shooting the gun and then redirecting the bullet while not loosing sight of their moving target. eXtreme Project Management provides a practical guide for leaders working under high risk and high pressure while producing the desired bottom-line results. Based on Doug DeCarlo’s extensive experience in working with more than 250 project teams, his eXtreme project management model is built around an integrated set of principles, values, skills, tools, and practices proven to consistently work under conditions of rapid change and uncertainty. eXtreme project management is based on the premise that you don’t manage the unknown the same way you manage the known. It’s a people-centric approach to high performance that makes quality of life a fundamental part of the project venture.

Unknown Market Wizards

Author : Jack D. Schwager
Publisher : Harriman House Limited
ISBN 13 : 085719870X
Total Pages : 354 pages
Book Rating : 4.8/5 (571 download)

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Book Synopsis Unknown Market Wizards by : Jack D. Schwager

Download or read book Unknown Market Wizards written by Jack D. Schwager and published by Harriman House Limited. This book was released on 2020-11-03 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Market Wizards are back! Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers. Some of the stories include: - A trader who turned an initial account of $2,500 into $50 million. - A trader who achieved an average annual return of 337% over a 13-year period. - A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis. - A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span. - A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%. World-renowned author and trading expert Jack D. Schwager is our guide. His trademark knowledgeable and sensitive interview style encourages the Wizards to reveal the fascinating details of their training, experience, tactics, strategies, and their best and worst trades. There are dashes of humour and revelations about the human side of trading throughout. The result is an engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their outcomes.

Managing and Using Information Systems

Author : Keri E. Pearlson
Publisher : John Wiley & Sons
ISBN 13 : 1119244285
Total Pages : 338 pages
Book Rating : 4.1/5 (192 download)

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Book Synopsis Managing and Using Information Systems by : Keri E. Pearlson

Download or read book Managing and Using Information Systems written by Keri E. Pearlson and published by John Wiley & Sons. This book was released on 2016-01-11 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing and Using Information Systems: A Strategic Approach, Sixth Edition, conveys the insights and knowledge MBA students need to become knowledgeable and active participants in information systems decisions. This text is written to help managers begin to form a point of view of how information systems will help, hinder, and create opportunities for their organizations. It is intended to provide a solid foundation of basic concepts relevant to using and managing information.

Identifying and Managing Project Risk

Author : Tom Kendrick
Publisher : AMACOM
ISBN 13 : 0814413412
Total Pages : 370 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Identifying and Managing Project Risk by : Tom Kendrick

Download or read book Identifying and Managing Project Risk written by Tom Kendrick and published by AMACOM. This book was released on 2009-02-27 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Project Management Institute’s David I. Cleland Project Management Literature Award 2010 It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Drawing on real-world situations and hundreds of examples, the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively...before a project gets derailed.

How Teams Triumph

Author : Clinton M. Padgett
Publisher : Forbesbooks
ISBN 13 : 9781946633309
Total Pages : 248 pages
Book Rating : 4.6/5 (333 download)

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Book Synopsis How Teams Triumph by : Clinton M. Padgett

Download or read book How Teams Triumph written by Clinton M. Padgett and published by Forbesbooks. This book was released on 2021-01-05 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: CRITICAL CONVERSATIONS FOR REMOTE, HYBRID, AND FACE-TO-FACE TEAMS! Project management isn't just about process. It's also about people. Calling upon over thirty years of experience delivering optimized project outcomes for some of the world's leading brands, author Clinton M. Padgett reveals the "secret sauce" many leaders leave out of their project success equation. Taking what's already working on your teams, the principles detailed in How Teams Triumph help your people maximize performance by enhancing communication; breaking down silos; and providing a proven, repeatable framework to complete projects with all stakeholders pulling in the same direction. In the high-risk, high-reward business world, the success or failure of one project can mean the difference between career growth or career stagnation. The stakes are too high for you and your organization to leave any of it to chance.

Escaping the Build Trap

Author : Melissa Perri
Publisher : O'Reilly Media
ISBN 13 : 1491973765
Total Pages : 200 pages
Book Rating : 4.4/5 (919 download)

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Book Synopsis Escaping the Build Trap by : Melissa Perri

Download or read book Escaping the Build Trap written by Melissa Perri and published by O'Reilly Media. This book was released on 2018-11-01 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: To stay competitive in today’s market, organizations need to adopt a culture of customer-centric practices that focus on outcomes rather than outputs. Companies that live and die by outputs often fall into the "build trap," cranking out features to meet their schedule rather than the customer’s needs. In this book, Melissa Perri explains how laying the foundation for great product management can help companies solve real customer problems while achieving business goals. By understanding how to communicate and collaborate within a company structure, you can create a product culture that benefits both the business and the customer. You’ll learn product management principles that can be applied to any organization, big or small. In five parts, this book explores: Why organizations ship features rather than cultivate the value those features represent How to set up a product organization that scales How product strategy connects a company’s vision and economic outcomes back to the product activities How to identify and pursue the right opportunities for producing value through an iterative product framework How to build a culture focused on successful outcomes over outputs

Managing from Clarity

Author : James L. Ritchie-Dunham
Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Managing from Clarity by : James L. Ritchie-Dunham

Download or read book Managing from Clarity written by James L. Ritchie-Dunham and published by John Wiley & Sons. This book was released on 2001-08-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Backcover: 'Most organizations can't execute strategy. Complexity is their enemy. Managing from Clarity provides a roadmap for introducing systems thinking to your organization. Read it; it's a snapshot of how strategy will be managed in the 21st Century.' David P. Norton, President, Balanced Scorecard Collaborative, co-author of the best-selling The Balanced Scorecard and The Strategy-Focused Organization 'If you're not a systems thinker, you're not a good business leader. A few born leaders do it through intuition. For all the rest, there's Managing from Clarity. The book will spell out for you how to build your strategic agenda and how to align your leadership team around it.' Francis Gouillart, CEO, Emergence Consulting, co-author of the best-selling Transforming the Organization 'this book [turns] the art of system dynamics interventions into science for the first time. For those of us who live the successes and the frustrations of organizations every day, this is a gift.' Jorge Rufat-Latre, Director, Strategos 'a powerful set of ideas and frameworks for anyone with strategic responsibility.' Kim Warren, Teaching Fellow, Strategic & International Management, London Business School, author of Competitive Strategy Dynamics 'Finally, someone has harnessed the power of System Dynamics and crafted it into a useful tool for strategy development and strategic management . . . [this book] demonstrates the potential insight that can come from systems thinking and its power to align an organization around a single view of the business model and strategic direction.' Michael J. Puleo, Director, Deloitte Consulting 'combine[s] the conceptual insights from the academic literature with the savvy of consultants to provide a sound approach to managing any organization.' James S. Dyer, The Fondren Centennial Chair in Business, University of Texas at Austin 'an intelligent and vivid introduction to an extremely powerful set of concepts and tools for strategy development.' Andreas Koch, Principal, L.E.K. Consulting

Hidden Champions of the Twenty-First Century

Author : Hermann Simon
Publisher : Springer Science & Business Media
ISBN 13 : 0387981470
Total Pages : 412 pages
Book Rating : 4.3/5 (879 download)

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Book Synopsis Hidden Champions of the Twenty-First Century by : Hermann Simon

Download or read book Hidden Champions of the Twenty-First Century written by Hermann Simon and published by Springer Science & Business Media. This book was released on 2009-06-10 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 5: Customers, Products, Services . . . . . . . . . . . . . 129 Close Customer Relations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 Customer Requirements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134 Dependence on the Customer and Risk Aspects . . . . . . . . . . . . . . . . . 135 Achieving Closeness to Customer . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139 Product and Service Spectrum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144 Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156 Chapter 6: Innovation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159 What Does Innovation Mean?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159 High Level of Innovativeness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 163 Driving Forces of Innovation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172 The Origin of Innovations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176 Leadership and Organizational Aspects of Innovation . . . . . . . . . . . . 179 Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187 Chapter 7: Competition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191 Competitive Structure and Conduct . . . . . . . . . . . . . . . . . . . . . . . . . . 191 The Hidden Champions in the Light of Porter’s “Five Forces” . . . . . 195 Competitive Advantages. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 197 Sustainability of Competitive Advantages . . . . . . . . . . . . . . . . . . . . . . 203 Demonstration of Competitive Superiority . . . . . . . . . . . . . . . . . . . . 205 Competitive Edge and Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 207 Sparring Partners for Competitive Fitness . . . . . . . . . . . . . . . . . . . . . . 214 Excessive Competitive Orientation . . . . . . . . . . . . . . . . . . . . . . . . . . . 217 Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218 Chapter 8: Financing, Organization, and Business Environment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 223 Financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 224 Organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 228 Contents ix Organization of the Value Chain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 237 Business Environment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 249 Entrepreneurial Clusters. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 251 Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 253 Chapter 9: Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 257 Job Creation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 257 Corporate Culture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 260 Quali?cations and Learning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 274 Creativity of Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 278 Recruiting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 279 Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 282 Chapter 10: The Leaders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 285 Structures of Ownership and Leadership . . . . . . . . . . . . . . . . . . . . . . 286 How Crucial Is Leadership? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 289 Leadership Continuity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 289 Young to the Top . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 293 Powerful Women . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 294 Internationalization of Management . . . . . . . . . . . . . . . . . . . . . . . . . . 298 Personalities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 Leadership Styles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 305 Management Succession . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 306 Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310 Chapter 11: Hidden Champions: Audit and Strategy Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315 What Is Strategy? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 316 Hidden Champion Strategy: For Whom? . . . . . . . . . . . . . . . . . . . . . . 316 Hidden Champions – Audits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 317 Strategy Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 325 Strategies for Value Propositions and Pricing . . . . . . . . . . . . . . . . . . . 335 Organization and Implementation . . . . . . . . . . . . . . . . . . . . . . . . . . .