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This book, a special publication in the Series, is a comprehensive exploration of business adaptation and evolution in times of global uncertainty. Compiled from the finest papers presented at the 16th Annual Euromed Academy of Business (EMAB) Conference on business transformation in uncertain global environments, this volume delves into the intricate interplay between businesses and the challenges posed by an uncertain global landscape. The book spotlights organizational responses to changes, complexity, and critical events. Drawing inspiration from the conference theme, the chapters present an understanding that crises are not mere obstacles but rather catalysts for transformation and evolution in organizational development, industries, and markets. Navigating beyond the acknowledgment of crises as transformative agents, contributors examine the intricate mechanisms, characteristics, effects, and motivations driving change. Recognizing the diverse landscape of organizations, industries, and markets, the book offers scientific insights into the adaptability of organizations in turbulent and critical conditions. From Multinational Corporations (MNCs) to Small and Medium Enterprises (SMEs), family enterprises, and start-ups, chapters encompass a spectrum of organizations, contributing to a nuanced understanding of adaptability. In line with previous volumes, the book provides descriptive and prescriptive research, offering solid empirical and conceptual scientific accounts. With a commitment to advancing knowledge, it is an essential resource for researchers in management, strategy, marketing, and economics/finance, and provides theoretical elucidations and practicable insights for executives and industries alike.

This book explores the evolving dynamics of market competition in an age defined by rapid technological advancements and globalization. Drawing from interdisciplinary research across evolutionary theory, economics, computer science, and biology, it provides strategies for businesses, both large and small, to thrive in fiercely competitive environments. This book will interest scholars, businesspeople and economists.

This textbook enables global business school lecturers to develop ethical decision-making skills for future business leaders and other institutional leaders. It uses an institutional governance approach based on institutional theory, behavioural economics, and information economics to elaborate on how ethical business decisions can be made. These skills are developed by applying ethical decision-making steps with reference to contemporary global issues. Chapters include short case studies related to State Governance, Governance of Economic Systems, Legal and Regulatory Institutional Governance, Business Firm Governance, Governance of Earth (greenhouse gas emissions), Governance of Product Safety and Advertising, Governance of Disruptive Technologies, and Emerging Governance Challenges.

This book explores the recent trends and challenges facing entrepreneurship in Africa. It features several chapters that cut across various contexts, highlighting aspects of social entrepreneurship, faith-based entrepreneurship, entrepreneurial financing, equality, diversity, inclusion, digital and technological transformation and regulations and enabling ecosystems across African countries. The chapters will be underpinned by a critical approach to understanding the trends and challenges in African entrepreneurship, which goes beyond focusing on the business cases but considers the sensitivity of the national context. The authors have a wealth of professional and academic experience. They have taught in institutions around the world and between them have worked in several managerial and entrepreneurial positions.

In the contemporary business landscape, the imperative for innovative approaches to business model innovation (BMI) is more pronounced than ever, especially given the pressing grand challenges, technological disruptions, digital transformation, and pressing environmental and social concerns of our era. The prevailing discourse in business model and BMI scholarship predominantly revolves around established frameworks and methodologies, thereby not fully capturing the burgeoning opportunities and transformative forces redefining BMI's future trajectory. This open access volume aims to fill the gap in scholarly discourse by offering a theory-rich exploration into the innovative pathways of business model innovation. Crafted for a global readership, this text serves as an invaluable resource for academic institutions, their faculty, students, and practitioners of business development within both expansive corporations and medium-sized enterprises. A key contribution of this edited book is the introduction of groundbreaking models and theoretical insights within the BMI domain, identifying key research gaps and further research venues for junior and senior academics to pursue, while enhancing the comprehension of how entities—ranging from individual organizations to expansive networks—can innovate, execute, and capitalize on BMI in the forthcoming landscape. Furthermore, this book elucidates the multifaceted nature of business model innovation across diverse contexts, illustrating the myriad ways BMI can be conceptualized and operationalized to achieve varying objectives, benefits, and results contingent upon the specific scenario. Lastly, this volume is dedicated to invigorating and equipping both nascent startups and entrenched firms to seize emergent BMI opportunities, fostering an environment where leveraging networks and platforms becomes a cornerstone for future business model innovation.

This edited collection examines the impact of new technologies and new managerial and policy perspectives on entrepreneurial development in Southern Africa, paying particular attention to small and medium sized enterprises, which contribute significantly to GDP and employment, but often find it difficult to survive beyond the first five years. Chapters are divided in two parts, the first covering technological perspectives and the second managerial perspectives. Africa's cultural and geographic diversity is taken into account, with authors from Ghana, Lesotho, South Africa and Zimbabwe providing regional case studies and the editors synthesising these discussions in a concluding chapter that touches on sustainability and development to working lives and livelihoods across the region. Exploring critical issues of entrepreneurial human capital development, innovation, technology, legislative frameworks and marketing strategies, this book will be of great interest to researchers, students and policymakers.

The place and impact of large, elite business schools is hotly debated. Compared to such establishments, little has been written about smaller, regional, community-oriented business schools that serve and interact with their various communities at home or abroad.Focusing on one of the smaller regional business schools in the UK, and incorporating perspectives from further afield, this book seeks to redress that balance. This local focus enables a more holistic understanding of what really goes on in terms of the complex relationships, practices, challenges and contexts at play in such an arena. The book, conceived throughout the Covid-19 pandemic, reverberates with a multiplicity of voices, perspectives and narratives, and reflects a process of collaborative autoethnography and critical friendship. It will be of great value to academics, students and others who are interested in optimising the benefits of regional business schools around the world.

This book, now in a thoroughly revised and updated second edition, takes a pragmatic and hype–free approach to explaining artificial intelligence and how it can be utilised by businesses today. At the book's core is a framework which describes, in nontechnical language, the nine core capabilities of Artificial Intelligence (AI). Each of these capabilities, ranging from image recognition, through prediction, to Generative AI, is explained using real–life examples and how they can be applied in a business environment. The advent of Large Language Models has put AI front and centre of Board discussions. AI has the ability to deliver step–change benefits to organisations and enables forward–thinking business leaders to rethink their business models or create completely new businesses. But most of the real value of AI is hidden behind marketing hyperbole, confusing terminology, inflated expectations and dire warnings of ‘robot overlords'. Any business executive who wants to know how to exploit AI in their business today is left confused and frustrated. As an advisor in AI, Andrew Burgess regularly comes face–to–face with business executives who are struggling to cut through the AI and LLM hype. The knowledge and experience he has gained in advising them has provided him with the skills to help business executives understand what AI is and how they can exploit its many benefits. Through the distilled knowledge included in this book, business leaders will be able to take full advantage of this most disruptive of technologies and create substantial competitive advantage for their companies.

This book states that the seventh information revolution is the intelligent Internet, and 5G is the foundation of the seventh information revolution. This book gives a clear introduction to the three major scenarios, six characteristics, core technologies, and global landscape of 5G, and answers'What is true 5G?'​This book also gives an in-depth explanation of 5G-enabled traditional industries, and outlines the profound changes that 5G will bring to transportation, medical, industry, and agriculture. Finally, the author made bold assumptions about the opportunities and challenges that human society faces in the post-5G era. For readers who want to fully understand 5G, this book provides an important reference and is a must-have book.

This book, authored by the head of the American Chamber of Commerce in Shanghai during the US-China trade war, is a sobering look at the realities of the intermeshed nature of the Chinese and American economies at a time of increasing political tension. Foreign companies are caught in the middle between compliance with US laws and policies versus doing what's required to have support in China and access to the world's largest growth market. Opportunities still exist, but this is a dangerous and complicated time. This book will be of interest to professionals, economists, and scholars of US-China relations.

This book provides a compendium of cutting-edge knowledge for an efficacious retailing strategy, with lessons from the organized retailing sector in India. It explores customer needs and their impact on developing successful retailing strategies and organized retailing in emerging economies with changing consumer behavior. It discusses the importance of developing appropriate retailing strategies in the context of an emerging economy, being agile and forward-thinking to implement a customer-centric approach across the retail value chain's upstream and downstream actions, and the requirement of clarity on the exact tools and techniques that will allow the retailers to move from their present product-centric state to the looked-for customer-centric state.This book aids the practitioners in developing and adopting a culture of customer-centricity and focuses on various retail strategy concepts and their implementation. It aims to present the multifaceted and multifarious questions of retail marketing in two studies, where each study provides a comprehensive solution.

This book presents a sociomaterial perspective on work and organizational practices within the operating room. Looking at medical work from a sociological perspective and drawing on ethnographic observations conducted in a hospital's operating block, this book analyses the entanglements of humans and technologies in the execution of everyday activities. It highlights how the sociomateriality of work and organizational practices manifests in the encounters between operators and material artifacts and inthe way objects and technologies participate in processes and practices of organizational communication. Objects and technologies are also shaped by these very practices, giving rise to a recursive relationship wherein technology, communication, and organizing are intertwined.A sociomaterial understanding of organizational and working practices explains the role of objects and technologies in the generation and enactment of professional knowledge, while questioning how power materializes through the interaction of humans and technical objects. This book will be of great interest to scholars, students, and practitioners interested in how sociomaterial perspectives can inform organization studies and reshape our understanding of the intricate relationships between humans and technologies in healthcare settings.

Drawing on theories of whiteness, stigma, identity formation and identity work, this monograph aims to explore the ways in which racial categories continue to structure the lives of professionals of colour in South Africa. Using a Bourdieusian lens, it draws on personal narratives of professionals in the fields of accounting, engineering and industrial psychology, examining how stigma and whiteness continue to constrain their identity development in the public, professional and personal spaces they inhabit.Examining the unique post-Apartheid situation of South Africa, this book will be valuable reading to scholars interested in the intersection of race, professions and organisation.

This book argues that ideas in the social realm are the context-bound products of distinct histories and cultures and thus cannot be co-opted across place and time. When ideas are used out of context, they become mere empty words that are depicted as absolute ideals, independent of the specific historical circumstances in which they were conceived. Therefore, highly ideologically guidelines based on one-size-fits-all principles are doomed to fail. The book emphasizes that the dominant Western intellectual paradigm has not improved human society in either Western or non-Western parts of the world. Some of the book's objectives are to rethink the dominant paradigm and invent a new world. We face an existential crisis that requires a new vision of the world and its well-being: one that is more inclusive and attentive to the diversity of people, histories, and cultures. We must remember that diversity in beliefs and values is the very essence of our humanity. This seminal work is essentialreading for researchers of economic growth and development, political science, and innovation.

This book provides an accessible and multifaceted vision of the ongoing changes in the retail industry, presenting practical steps a retailer can take in their store to adapt to the digitized world. The benefits of online commerce can be transferred to physical retail, and brick-and-mortar businesses can expand on their existing advantages. Using these strategies, physical stores can not only compete with online retail, they can offer even more to their customers. Store closures are taking place at a staggering rate, and this book offers guidance on how to overcome the so-called retail apocalypse. The book offers 15 innovative strategies on how to: Transfer the benefits of online shopping to physical storesDevelop new, interactive brand experiencesApply latest in-store technologiesPresent customers a more sustainable, greener store experience Also included are practical tips for each strategy and 50 best-practice examples from around the world. With this book, readers will learn to navigate the changing retail landscape.

This book raises questions about a hallmark mechanism of corporate governance – the use of codes of practice. It undertakes a critical examination of the origins and development of the UK code of corporate governance, which influenced codes devised around the world and practices of organisations well beyond the world of corporations listed on stock exchanges. Much lauded as a model of good governance, its core principles have persisted for almost 30 years. Yet during that time repeated crises in corporate governance have arisen, suggesting that it has not fully addressed the problem it was meant to solve. This book will be valuable reading for scholars working on business ethics, corporate governance, and business history.

Internationalizing your firm presents both exciting opportunities and daunting challenges, regardless of your industry. While strategy will vary from firm to firm, this book provides a solid set of decision-making tools that will support you as you take your company global. Starting with the most important step – cultivating a truly international perspective in your senior management team – it sets out the pros and cons of each choice you will face as you define and shape a global strategy. With a pragmatic toolkit provided at the end of each chapter, The Art of Going Global will help to improve your decision-making capabilities in relation to a range of challenges, including:· Selecting foreign markets · Adapting your business model· Navigating uncertain global markets· Managing across cultures· Choosing between entry mode options With case studies and insights illustrating how to apply each toolkit, this book is ideal for practitioners, MBA students, and those in executive education. It will help you to consider a variety of alternative solutions for key managerial decisions on internationalization, the costs and benefits of different strategic scenarios, and ultimately drive you to create a clear global vision for your firm.

This book defines socio-technological innovation and lays out different aspects of technology innovation and adoption literature as applied to socio-tech innovation and entrepreneurship. Socio-tech innovation refers to novel solutions that involve development or adoption of technological innovations to address social and/or environmental problems with a view towards creating benefit for the larger whole rather than just for the owners or investors. Unlike conventional technological innovation, socio-tech innovation either develops a product specifically for underserved markets and adopts a model in which the market is not an afterthought but the rai-son d'etre. Social ventures have not been as successful in scaling up, though technology innovation-led ventures have; therefore, meaningful actionable insights that can help social ventures scale up successfully can be gleaned by this process. This book offers researchers in innovation and entrepreneurship programs a uniqueand interdisciplinary approach to studying social innovation that is grounded in technology innovation. This book features a series of socio-tech venture cases that illustrate these dynamics and can be used in undergraduate and graduate courses.

This book explores the factors that contribute to high corporate growth, presenting a new conceptual model for research into this phenomenon.Building on existing research, the authors present a new conceptual research model that links multidimensional variables, such as entrepreneurial orientation, and human capital, with the perceived availability of different forms of financing for high-growth companies and with the measures that these firms take to overcome financial constraints and thus influence their financial performance. With this model the authors aim to enhance our understanding of the specifics of financing high growth companies and demonstrate how the availability of financial resources is one of the most important determinants of promoting development and enterprise growth. Empirically tested on a random sample of high-growth companies from Slovenia, the book seeks to make a contribution to research and enhance our understanding of the various factors involved inhigh growth firms.

This book examines supply and value chains in African agriculture, providing both a thorough analysis of existing practices and practical business models for future development. It examines why Africa is a net importer of food, despite its vast agricultural potential, using the tomato value chain in Ghana as a case study. The book explores commodity value chain structures; commodity clusters, arenas, linkages and business models; systematic constraints within commodity value chains; and value chain profiling in practice among others. It would benefit policy makers, policy implementers, development practitioners, agri-entrepreneurs, researchers and all those who have interests in the transformation of African agriculture. It will also be an excellent reference material for students of agriculture management, agribusiness, agricultural economics, and rural development.

How can you move most effectively from the pinnacle of business and leadership success into'post-work'life that energizes you, and leverages your experience and your interests?This book draws on the experience of several past CEOs to address the important topic of ‘personal continuity'for family business leaders transitioning from the day-to-day leadership of their enterprise.Making this transition remains challenging for most leaders. Lack of clarity or options for meaningful post-CEO roles is a major factor in succession struggles, resulting in wide-reaching consequences for all stakeholders in the enterprise. Here, family business consultant Brun de Pontet takes an in-depth look at the dynamics and challenges for leaders in transition and the systems around them, to deliver insights on sources of difficulty and tips and tools for effective planning. The book draws extensively on the experiences of more than a dozen former family business leader interviewees. These highly driven and accomplished business leaders share stories and lessons from their own personal continuity journey as they transitioned from the top of their companies. Combining these real examples with knowledge from years of consulting and research, Brun de Pontet helps leaders broaden their sense of self as they look forward to a rich, purpose-filled next chapter in life.

In recent years the capital markets have developed into ever more complex areas, and banks have competed with each other to develop more sophisticated and innovative methods of financing. The pace of this innovation has often outstripped the development of rules for financial reporting. Off balance sheet finance is one particular area where the standard-setters are only now catching up. The Accounting Standards Board recently published a further exposure draft on the subject. FRED 4 - Reporting the substance of transactions - and Part 1 discusses in detail how it will affect the accounting treatment of various forms of off balance sheet finance. The exposure draft is reproduced in full in Part 2. Off Balance Sheet Finance will be an indispensable guide for bankers, other financiers, accountants and lawyers.

Offshore finance has transformed many small jurisdictions into high income economies and has facilitated the growth of global financial markets, deregulation and the convergence of economic policies worldwide. However, the volatility and fickle nature of global capital has also become apparent. This major new multi-disciplinary and international collection explores the development of offshore finance and is an extremely valuable resource for all those considering the issues involved in this important area.

As one of the first sectors affected by the current phase of crisis in capital accumulation, the automobile industry has had much to learn and now has much to teach. A recognition of the great diversity of forms of adaptation introduced to face the uncertainties of the market, lead to the formation of GERPISA and its international programme of research on the emergence of new industrial models. This book, a product of that research, is a valuable and timely insight into the innovations and adjustments of some of the major vehicular manufacturers and through them into the future of industry as a whole.

The restructuring of most European industries may have taken an irreversible turn. However, is this a turn in the right direction? Is European industry becoming more competitive? This book evaluates what has been accomplished to date and what the key remaining policy and managerial tasks are for the 1990s.

Market volatility and competition have each played a significant role in altering the state of banking over the last twenty years. During the 1980s and 1990s banks have been exposed to new types of risks with far different characteristics and magnitudes than those dealt with in the early days of banking. Erik Banks seeks to explore the qualitative and quantitative aspects of risks attributable to financial instruments in today's markets, which are so much a part of banking business throughout the world. Banks describes the credit risks encountered in dealing with financial instruments and establishes a framework for quantifying the risks and applies framework and concepts on a product-by-product basis.

Banking markets have experienced a general trend towards conglomeration in recent years which has been facilitated by the deregulation of banks'activities. A particular feature of financial conglomeration has been the diversification of banks into insurance activities, and especially life insurance. This book provides a comprehensive analysis of the concept and market characteristics of the bancassurance phenomenon. It also evaluates the impact of banking risks associated with diversification into insurance business.

This edited collection examines the emerging issues arising from increasingly globalized financial markets. Topics covered include: the exchange of rate market, equilibrium and efficiency, inflation and interest rates, capital movements, the balance of payments and international reserves, foreign debt, country risk analysis, currency market arbitrage and speculative designs under market imperfection, international tax issues and trade liberalization and offshore banking.

This book presents the reader with a complete and comprehensive picture of what is happening today in banks and other financial institutions in terms of expert systems implementation. In addition it helps in refining the reader's thoughts on how to build an environment for the successful implementation of expert systems in banking - and how to sell this concept to management including risks and opportunities.

Since its establishment in 1965, Business Economics has been an essential resource for those who use economics in the workplace. Its consistent intent has been to distinguish itself from academic journals by focusing on what is useful to practitioners of economics in their everyday work, and it has risen to become the leading forum for debating solutions to critical business problems, analyzing key business and economic issues, and sharing of best-practice models, tools, and hands-on techniques. In celebration of the journal's anniversary, The Best of'Business Economics'brings together forty of the best articles from half a century of publication: those that pushed boundaries, challenged conventional wisdom, and redefined the way practitioners and academics approached their work. Much of the insight afforded in this collection on the uses and limitations of economics are as fresh and useful today as when they were published. Featuring award-winning articles and the world's premier economists, this collection is an essential addition to any economics library.

In the context of a united Europe the influence of business knowledge has become increasingly relevant, as managers, employees and organisations have to learn new practices and techniques in response to new knowledge and institutions. This book addresses the way in which administrative knowledge is produced, diffused and consumed in Europe by academics, management gurus, publishing houses, consultants and practitioners. It also looks at its impact on European business systems and management practices.

The book argues that accountants overemphasise cost and liquidation value, ignore cashflow and value to a going concern; that they would'rather be precisely wrong than roughly right'. They therefore distort the values of many tangible and intangible assets, and overstate goodwill, with serious distorting effect. The book supports these arguments, illustrates the harm they do, and discusses how values, and their impact, vary - depending on the party banker, shareholder and situation.

Few economies have witnessed such accelerated economic growth as that arising from Saudi Arabia's discovery of oil. These essays introduce the complexities of the cultural, economic and legal issues that determine business practices in Saudi Arabia. Contributions recognize that while economic activity is dominated by the oil industry, it also boasts a diversified commercial environment. The collection combining historical perspective, academic research and practical observation is accessible and timely reading for those wishing to undertake business in Saudi Arabia.

This book opens up the secret world of tax havens and offshore finance centres (OFCs), a vast offshore business valued at over one trillion US dollars. It is a timely and original analysis of the role of OFCs in the emerging global economy. The book discusses who uses OFCs, how OFCs work and what drives their development. Extensive use of case study material from Jersey illustrates the growth of a successful OFC and its impact upon a small island.

This book explains the emerging trends and developments of Chinese outbound travel, alongside the motivations, desires and expectations of Chinese travelers themselves. Packed with interviews, this book will help businesses create products and services that meet the rapidly evolving and diversifying requirements of tech-savvy Chinese travelers.

This book provides detailed empirical analysis of countries in Asia to examine various dynamic models that incorporate the impact of technology and innovations on the industry evolution and overall economic growth.

Studies the steps taken by a group of professionals from the Boomer generation as they move from a linear career path into an uncharted stage somewhere between middle age and old age, a continued professional life and traditional retirement. What is next for those professionals who do not want to take a back seat at retirement age?

Using rigorous economic analysis backed by solid data and accounts of real life experiences, this book twists conventional wisdom to drive the thinking about China'outside the box'. It dispels China's economic myths and probes deep into the hidden forces that drive China's economic future.

This book explores what happened in the transition economies of China, Vietnam and Myanmar from both macro and micro perspectives, and questions whether the governments of these countries are capable of implementing effective reform and transformation.

Growth in the derivatives market has brought with it a greater volume and range of interest rate dependent products. These products have become increasingly innovative and complex to price, requiring sophisticated market models that capture the full dynamics of the yield curve. A study of the evolution of interest rate modelling theory places these models in the correct mathematical context, allowing appreciation of their key assumptions, concepts and implications. The book guides the practitioner through the derivation and implementation of a variety of models that account for the characteristics and irregularities of observed term structures.

Sub-Saharan Africa, the poorest and least integrated region of the world, now has fifteen stock markets. Adventure Capitalism examines the economic and political forces behind this trend and discusses the potential consequences of financial market integration for developing countries. Using a political economy approach, it finds that financial globalization presents a formidable challenge for African policymakers, but is also an opportunity with a range of benefits.

This book investigates the responses of companies in Russia's Volgograd (formerly Stalingrad) province to the fundamental changes in the economic system and is based primarily on interviews with local managers and decision-makers. Company case studies explore the impact of change on the conduct of business and are related to general developments in the economy. The book also questions the future development of Russian companies in a situation of tension between the resilience of the past and enormous pressures for change.

This is a study about the collapse of Chinese traditional commercial order in the late Qing period. It regards the process as an influence from the prevalence of pro-British Chinese commercial networks in the 1880s. Through the analysis of various Sino-British commercial conflicts after the Arrow war, this book reveals when and where such a commercial network was born and what impact it brought about on the Chinese society.

This book draws upon the experiences of a group of women in social science who came together for support and encouragement in becoming'research active'. It identifies the main issues facing women in research and will be useful to those considering, or already embarked upon a research career as well as contributing to debates about women's role in the academic world. This collection breaks new ground by combining the reflections of established researchers with self-assessment exercises for potential researchers.

The book covers definitions and examples of well known concepts and models in business strategy. This need from stems inefficiency and confusion in communication between people in organisations as they tend to put different meanings into different modern concepts - words such as'business mission'or'entry barrier'.

Most companies have to produce year-end accounts. UK GAAP is an essential tool for all those involved in preparing, auditing and using company accounts. It explains all accounting regulations in force and illustrates them fully with extracts from the accounts of major companies. As a result it is now the best-selling guide to UK financial reporting on the market.

This is the official publication for members and member firms of the Incorporated Society of Valuers and Auctioneers (ISVA). The Directory contains the names and addresses of every member, and a complete list of practising firms and commercial concerns with member partners. Each firm entry lists the partners, telecommunications information, their specialisations and a general description of work carried out and history of the firm. There are 3500 firms listed worldwide.