Eurozone banking union discussions are full of questions about the scope of Eurozone micro-prudential bank supervision. Yet, this article argues that there is surprisingly little debate on the macro-prudential supervision that is necessary to safeguard the wider European financial system. After all it is macro developments, such as rapidly rising housing prices, that lie at the heart of the ongoing crisis in Europe. To safeguard the financial system, Eurozone macro-prudential tools should be under the ECB, separate from micro-prudential functions, with input from national central banks when differentiation is necessary.
January – February 2013
Enterprise Risk Management. A need to hasten the obliteration of legacy IT systems The Oreo Story: How Kraft Turned America’s Favorite Cookie into a Chinese Classic A Story About Inspiring A Local Community To Become Entrepreneurial Using Lessons Learnt From IT Management Consultancy Global Tourism and Travel Industry: Performance During the Double-Dip Recession and Recommendations for Transition to a Green Economy Africa Asia Canada Innovation in Canadian Natural Resource Industries: A System-Based Analysis of Performance, Policy and Emerging Challenges Europe Russia Latin America
Technology
Why Information Providers Need To Be Open To Sharing in Their Business Models
Joshua Gans
Anna DeSimone
Strategy
The Limits to Outsourcing: Beware of the Consequences for Market Success!
Masaaki Kotabe, Michael J. Mol, Janet Y. Murray & Ronaldo Parente
Michael J. Silverstein, Abheek Singhi, Carol Liao & David Michael
Business
Everyone Leads
Paul Schmitz
Yiannis Kanellopoulos
Maharaj Vijay Reddy
How rapidly should Africa go Green? The tension between natural abundance and economic scarcity.
Paul Collier & Anthony J. VenablesMiddle East
Oil for Food: Big Business in the Middle East
Eckart Woertz
Transport and the Environment in Asian Megacities
Shinya Hanaoka
Calgary, Canada: A Global Energy and Financial Centre
Paul Paynter & Rachel Yin
Andrew Sharpe
Macro-Prudential Supervision in Europe’s Banking Union
Dirk Schoenmaker
Sistema, Power Networks and Informal Governance in Putin’s
Russia
Alena Ledeneva
The Silicon Valleys of Latin America – Searching For “Shared Value” Development Models
Luciano Ciravegna
The Oreo Story: How Kraft Turned America’s Favorite Cookie into a Chinese Classic
By Michael J. Silverstein, Abheek Singhi, Carol Liao & David Michael
When Irene Rosenfeld became CEO of Kraft Foods in June 2006, she became the leader of a company organized in two divisions: North America and International. The international business was a low-growth and Europe-heavy counterpart of the core U.S. business. Most of the international business consisted of German coffee, European cheese, and Milka brand chocolate. In addition, there were numerous orphan businesses – small, one-off country positions. Advertising support was in the low single digits and declining. Profits were erratic, as the commodity-driven portfolio lacked pricing power. Consumer market research was a stepchild.
Global Tourism and Travel Industry: Performance During the Double-Dip Recession and Recommendations for Transition to a Green Economy
This review article outlines the impressive growth of the global tourism and travel industry during the on-going economic slowdown. It briefly addresses the recovery and business status in several geographic regions and countries including a few Small Island Developing States based on policy and statistical reports. The debates linking the climate change threats and the environmental costs are focussed throughout. It points out international initiatives, some of the opportunities and challenges facing a green economy transition as well as a set of recommendations.
Innovation in Canadian Natural Resource Industries: A System-Based Analysis of Performance, Policy and Emerging Challenges
Innovation is an important driver of productivity growth, which in turn is a major source of improvement in living standards. Given the growing importance of the natural resources sector in the Canadian economy, innovation in this sector is particularly relevant. This article, based on a much large study, using a systems-of-innovation approach, analyzes the innovation performance of the Canadian natural resources sector by comparing it to that of the Canadian business sector as a whole. The key conclusion of the report is that the overall innovation performance of the Canadian natural resources sector, especially the mining and oil and gas sectors, is strong and has improved in recent years.
Everyone Leads
By Paul Schmitz
Everyone leads. When I began using this phrase in presentations about Public Allies and chose it as the title of my book, it provoked many questions and debates from people outside the organization. Some asked if we really meant everyone. ‘‘Can everyone really lead?’’ they asked. ‘‘Or are you just talking about a certain group of people? Don’t you agree that people have different levels of skills, and that some people just aren’t meant to be in charge? Aren’t there people who don’t want to be in charge?’’
Enterprise Risk Management A need to hasten the obliteration of legacy IT systems
Back in the 1980s, IBM mainframe systems were the heart of a bank’s computer structure. During this period, integrated retail banking systems were introduced so that branch service representatives had informational database tools to help in cross-selling deposit and consumer loan products.
Why Information Providers Need To Be Open To Sharing in Their Business Models
By Joshua Gans
Information content providers, especially publishers of media (including books, news, journals, music and video), have been concerned that “information wants to be free.” The reason is obvious. If information wants to be free, it may be hard to make it expensive and get people to pay for it. Digitization has only increased these concerns because, at the very least, information is now costless to disseminate and copy. The economics, therefore, appear to be consistent with the free possibility. However, as Stewart Brand noted there are forces pushing information to be expensive as well because it can be valuable. The issue has been reconciling that with the notion that many consumers believe that information can and should be free.
A Story About Inspiring A Local Community To Become Entrepreneurial Using Lessons Learnt From IT Management Consultancy
IT management consulting is usually perceived as a technical endeavour in which consultants focus on bits and pieces. However, it primarily has to do with communicating and mobilising people within an organisation to change; the technical things will follow. The guiding principles to achieve this are: thinking about others and not yourself, being factual, communicating on multiple levels, showing empathy, and thinking out of the box. This article presents how these five principles were applied in different contexts to our software improvement consulting practice, but had the same effect; to inspire people to change.
EDITOR'S PICK OF THE WEEK
The Performance and Transformation Orchestrator: The CFO’s New Mandate in the Age of AI
By Terence Tse
CFOs are evolving into AI-driven transformation orchestrators, balancing finance, technology, and strategy while upskilling teams, managing risks, and driving measurable business value.
A key insight from this year’s AI for CFOs event, organized...
