A Theory of Influence: The Strategic Value of Public Ignorance

2005 ◽  
Author(s):  
Isabelle Brocas ◽  
Juan D. Carrillo
Keyword(s):  
Strategic Value ◽  
Public Ignorance

The Integration of ERM and Strategy: Implications for Corporate Governance

2017 ◽  
Vol 31 (2) ◽  
pp. 69-82 ◽  
Author(s):  
Therese R. Viscelli ◽  
Dana R. Hermanson ◽  
Mark S. Beasley
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Implementation Process ◽  
Structured Interviews ◽  
Executive Management ◽  
Strategic Direction ◽  
Strategic Value ◽  
Enterprise Risk ◽  
Leadership Structure ◽  
Risk Oversight

SYNOPSIS Since the early 2000s, expectations have increased for organizations to strengthen corporate governance with enterprise risk management (ERM) processes, with the accounting profession playing a major role in these efforts. The ultimate goal of an effective ERM process is to help boards and senior executives to manage risks in the context of strategy so that the organization is more likely to achieve its key objectives. We conduct semi-structured interviews of 15 ERM champions to provide insights about whether the ERM process is integrated with the strategic-planning and execution processes of the firm. We find that while the decision to launch ERM often is based on a desire for ERM to provide strategic value, the integration of ERM with strategy typically is limited. We then examine the ERM implementation process to identify possible ERM implementation practices limiting ERM's integration with strategy. We find that organizations' (1) culture and approach to preparing for ERM's launch, (2) ERM leadership structure, and (3) management of key risks appear to limit the intersection of ERM and strategy. Our summary of key findings highlights important considerations for boards of directors, executive management, and auditors as they assess the effectiveness of their risk oversight efforts in overseeing the strategic direction of the enterprise.

scholarly journals Effectiveness of a New Drainage System for Decreasing Erosion in Road Hillslopes

2021 ◽  
Vol 14 ◽  
pp. 117862212098872
Author(s):  
María Fernández-Raga ◽  
Iván García-Díez ◽  
Julian Campo ◽  
Julio Viejo ◽  
Covadonga Palencia
Keyword(s):  
Service Life ◽  
Drainage System ◽  
Economic Feasibility ◽  
Scale Model ◽  
Maintenance Cost ◽  
Road Maintenance ◽  
Experimental Conditions ◽  
Traditional System ◽  
Strategic Value ◽  
On The Road

Water is one of the most important erosive agents in roadside hillslopes. When these are built with ineffective drainage systems, erosion occurs, reducing road’s service life. However, these systems are not receiving the appropriate importance, given their strategic value. Therefore, a new drainage system called ‘branched’ is proposed in this study. Its technical and economic feasibility is compared with those of the traditional system, which consists of drainages with lines that follow maximum hillslope, to assess differences in relation to erosion, construction and maintenance costs, and service life. Different parameters were analysed, such as the average velocity of water (mm−1) running through the channels, its average specific energy (kJ), and its drag force (N). A scale model was constructed and used to test these factors before implementing it in natural terrain for testing it under field conditions. According to the theoretical and measured results, these factors were lower in the branched drainage than in the traditional one (from 24% to 34% in speed, from 37% to 60% in energy, and from 51% to 73% in force). The service life of hillslopes with a branched system of up to 0.5 m high and 1:2 grade is significantly longer than in those with a traditional drainage. Although the initial economic expense for the construction of the branched system is higher (€3534/m3 as opposed to €2930/m3 for the traditional one), its maintenance cost will be lower than the traditional one (€1230/m3 per year for the branched one as opposed to €1332/m3 per year for the traditional one). Consequently, under our experimental conditions, the proposed drainage will be profitable from the eighth year of construction, saving on the road maintenance in the following 15 years of service life.

scholarly journals With a Little Help from Their Friends: The Consequences of Populists in National Government for Policymaking in Local Government

2021 ◽  
pp. 1-26
Author(s):  
Fred Paxton
Keyword(s):  
Local Government ◽  
National Government ◽  
Radical Right ◽  
Local Policy ◽  
Institutional Settings ◽  
Strategic Value ◽  
Two Factors ◽  
Multilevel Perspective ◽  
Radical Right Parties ◽  
Newspaper Data

Abstract Despite increasing research into populist parties in power, their impact on subnational institutions has been neglected. Taking a novel multilevel perspective, this article inquires into the policy consequences of populist radical right parties (specifically, the FPÖ and Lega) in local government, and the effect of their simultaneous participation in national government. The article shows the expansion of exclusionary policy that follows their concurrent presence in national and local government. The process that leads from national government entry to local policy influence is traced using interview and newspaper data. The article argues that the influence of central parties over these ‘showcase’ localities is rooted in different multilevel governance configurations. These vary cross-nationally according to two factors: the strength of mayors’ linkages with higher government levels in the different institutional settings and, due to the different extent of party nationalization, the strategic value of the municipality to the central party.

The impact of quality framework application on patients’ satisfaction

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ayman Abu-Rumman ◽  
Ata Al Shraah ◽  
Faisal Al-Madi ◽  
Tasneem Alfalah
Keyword(s):  
Health Care ◽  
Patient Satisfaction ◽  
Patient Experience ◽  
Positive Impact ◽  
Large Hospital ◽  
Content Type ◽  
Strategic Value ◽  
Quality Awards ◽  
Improved Learning ◽  
The Impact

Purpose This study aims to explore if the application of the customer results criteria contained within the King Abdullah II Award for Excellence (KAIIAE) is correlated with high levels of patient satisfaction within a large hospital based in Jordan. Design/methodology/approach Using a mixed methodology, supported by a pragmatist theoretical approach, a satisfaction survey was conducted with patients accessing the hospital as an in-patient across a range of specialities gathering feedback about different aspects of their care. The results were compared with a self-assessment completed by different speciality teams about the existence and maturity of customer result arrangements implemented as a result of the (KAIIAE). Findings The findings confirmed that quality awards such as the KAIIAE can effectively be applied in a health-care setting and can help provide a framework for improving patient experience and satisfaction. A correlation was found with those specialties that self-assessed themselves more highly in terms of these arrangements and the overall levels of patient satisfaction with that specialty, suggesting that the products of working towards the KAIIAE such as establishing effective patient experience monitoring arrangements and improved learning from complaints, has a positive impact on patient satisfaction. Originality/value There are limited studies which focus specifically on customer results and on the use of the KAIIAE more generally. This study therefore makes a valuable contribution in adding to the debate about the strategic value of working towards formal quality improvement models and awards in health-care settings.

ICT Standards in South Eastern Europe (SEE) Education: Macedonian Case

2013 ◽  
pp. 41-58
Author(s):  
Liljana Gavrilovska ◽  
Vladimir Atanasovski
Keyword(s):  
Economic Growth ◽  
Eastern Europe ◽  
The South ◽  
Future Directions ◽  
South Eastern ◽  
Strategic Value ◽  
The Future ◽  
Education Levels ◽  
South Eastern Europe

The Standards Education (SE) in the field of ICT gains increasing momentum worldwide. The strategic value of the ICT standards and their influence on the economy proves essential towards countries’ development and their economic growth. This paper overviews the relevant current SE initiatives with a special emphasis on the South Eastern Europe (SEE) case and Macedonia. It discusses the level of ICT penetration, the recognition of the SE importance and the involvement of the relevant stakeholders in the SE curricula design on various education levels in Macedonia. Finally, the paper pinpoints the future directions towards transparent and harmonized SE.

scholarly journals The Market Reaction to the Appointment of Women on Corporate Boards: Evidence from the Italian Listed Companies

2017 ◽  
Vol 12 (12) ◽  
pp. 64 ◽  
Author(s):  
Patrizia Pastore ◽  
Silvia Tommaso ◽  
Antonio Ricciardi
Keyword(s):  
Stock Price ◽  
Market Reaction ◽  
Abnormal Returns ◽  
Value Added ◽  
Listed Companies ◽  
Corporate Boards ◽  
Women Directors ◽  
Future Performance ◽  
Price Performance ◽  
Strategic Value

During the 2012-2016 period, a large number of Italian companies appointed women directors in their boards, an unusual and unpredictable fact in the Italian industrial system. This paper investigates if any significant reaction has consequently occurred in the Italian stock market. It assumes that a significant market reaction would indicate the investors view the female board members as a strategic value added at the decision making level. To achieve the objective, it was collected a database consisting of 76 appointments of women directors in 67 Italian listed companies over the period 2012-2016 and then it was investigated the stock price performance of those companies in that five years span. The research hypothesis is examined empirically through the event study methodology in order to check the existence of abnormal returns on the appointment of women directors. Findings suggest that investors do not strongly believe that the simple appointment of women directors would have a positive effect on the future performance of firms.

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