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Executive Report on Strategies in Oman, 2000 edition (Strategic Planning Series)
The Oman Research Group , and The Oman Research Group Manufacturer: Icon Group International ProductGroup: Book Binding: Ring-bound ASIN: 0741829231 |
Book Description
Oman has recently come to the attention to global strategic planners. This report puts these executives on the fast track. Ten chapters provide: an overview of how to strategically access this important market, a discussion on economic fundamentals, marketing & distribution options, export and direct investment options, and full risk assessments (political, cultural, legal, human resources). Ample statistical benchmarks and comparative graphs are given.
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Against the Grain: How to Succeed in Business by Peddling Heresy
Joel M. Stern , and Irwin Ross Manufacturer: Wiley ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0471216003 |
Book Description
The unique story of a business heretic and his concept of Economic Value Added (EVA)In Against the Grain, Joel Stern shares for the first time, not only the story of how EVA swept the corporate world, but the story behind the story-the intellectual underpinnings of EVA, how he and his colleagues at Stern Stewart & Co. promoted the concept, won its initial acceptance by major corporations, and later turned the concept into a revolution. He has for good reason been called a one-man catalyst for change. In an engaging memoir, he has given us not only an account of his business strategy, but also provided fascinating anecdotes and vignettes of encounters with leading businessmen on four continents.
Joel M. Stern (New York, NY) has been the Managing Partner of Stern Stewart & Co. since its founding in 1982 and was coauthor of The EVA Challenge (Wiley: 0-471-40555-8). A recognized authority on financial economics, corporate performance measurement, corporate valuation, and incentive compensation, he is a leading advocate of the concept of shareholder value.
Irwin Ross (New York, NY) was retained to write The EVA Challenge with Joel Stern and John Shiely. He is a former roving editor of Reader's Digest and over the years has written for Fortune and a variety of other magazines.
Download Description
Success does not come easily in the world of business, especially if you choose to challenge some of the most widely held beliefs in modern finance. Nobody knows this better than Joel Stern--a man who swam against the strong current of conventional financial dogma and ended up revolutionizing the way CEOs and money managers value and measure performance. By maintaining a steadfast belief in his concept of Economic Value Added (EVA) and convincing individuals, institutions, and companies of its validity, Stern has become a catalyst for change in the world of finance. He has also become the man who made EVA the most insightful measure of today's corporate performance. In Against the Grain: How to Succeed in Business by Peddling Heresy, Stern shares for the first time, not only the story of how EVA swept the corporate world, but the story behind the story--the intellectual underpinnings of EVA, how he and his colleagues at Stern Stewart & Co. promoted the concept, won its initial acceptance by major corporations, and later turned the concept into a revolution that has continued to grip the worlds of business and finance.Customer Reviews:
A real page turner.......2007-07-25
Who Is Joel Stern? Fortune Has Smiled on Him........2004-02-07
If you know and love Mr. Stern, the book will add many amusing anecdotes to your story of tales about this peripatetic self promoter.
Mr. Stern was originally known for visiting CEOs and telling them that "earnings per share don't count." That was a novel message to CEOs who usually got their bonuses for meeting budget targets for earnings. Intrigued by the comment, Mr. Stern would usually go on to explain that the stock market was highly efficient and followed the lead of "steers" like Warren Buffett who knew how to assess the economic effectiveness of an organization's performance. The book contains a copy of an early op-ed piece he wrote to explain his ideas.
What Mr. Stern wanted people to do was to focus on making the cash flow of their organizations that they did not have to reinvest grow ("free cash flow"). Turned into English, he wanted companies to make more money with their investments and invest as little as possible. He now characterizes that concept as "heresy." That's strange since businesses have been employing discounted cash flow as a discipline to making new investments since around 1890.
Since then, Mr. Stern has worked with his colleagues at Stern Stewart (his financial consulting firm) to turn these concepts into elaborate measures of economic performance called EVA and MVA that adjust for the cost of capital (something that has been around since the Capital Asset Pricing Model was introduced many decades ago). Mr. Stern also thinks of this as "heresy."
Few others than CEOs would have heard of Mr. Stern if he didn't constantly teach, speak and write about his work. The book has some elements of Adventure Capitalist as he describes his nomadic life.
His main prominence occurred after 1993 when Fortune Magazine made him the feature of a cover story. Why did Fortune do that? The book doesn't tell, but I once asked a friend who is an editor there. Stern Stewart was a tiny firm at the time, and barely breaking even (as Mr. Stern acknowledges in this book). The ideas were ones that had been around in academia for decades. What was so special? The editor told me that Roberto Goizueta, then chairman and CEO of Coca-Cola, had written to suggest the idea. Since Fortune had never received a letter like that from a CEO, they felt that they had to write the article. The Wall Street Journal later reported that Mr. Goizueta typically spent more than half his day writing letters to analysts and publications to get more exposure for his company's stock. Since then, Mr. Stern's firm continues to be published annually in Fortune, and prominent Fortune editors appear at his marketing conferences.
In that story, you get the essence of the book. Mr. Stern is a genius at persuading high profile people to endorse him and his work and help promote his career. This began while he was at Chase Manhattan Bank. I first met him in 1975 after the lending officer to our Fortune 200 company suggested we hire Mr. Stern to come speak to us. At the end of the presentation after Mr. Stern left, his internal sponsor in our company noted that Chase Manhattan did not use his concepts.
Not surprisingly, Mr. Stern eventually left Chase to start his own firm in 1982. Since then, his contribution has been to take the two groups of executives in our society who read the least (CEOs and CFOs) and teach them about the financial theory that is taught in every business school in the world. Before you dismiss that contribution, remember Peter Drucker's advice: There is no single measure of company performance that is any good. You should add more and use them all. In that vein, Mr. Stern has helped. He now has many competitors who provide reasonably similar versions of the same measurements.
If you want to know more about these measures, read The Quest for Value by Bennett Stewart rather than this book.
The most controversial part of his work is a compensation method based on EVA. I was amused to find out from this book that Stern Stewart does not use this method for its own compensation, although EVA is one part of the compensation determination.
If you are interested in how to be a high-profile consultant in the world of finance, you will get a good sense of the type of networking among academia, finance and senior executives that is required. If you want to live that nomadic life, cut off from your family, then the world is yours.
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OECD's Multilateral Agreement on Investment:A Chinese Perspective
Huiping Chen Manufacturer: Springer ProductGroup: Book Binding: Hardcover ASIN: 9041188932 |
Book Description
OECD's Multilateral Agreement on Investment: A Chinese Perspective makes detailed analyses and comments on the MAI from the perspective of a Chinese scholar. The author believes that the behind closed doors process of MAI negotiations is unacceptable for developing countries, NGOs, and civil societies, and is inadvisable for any future negotiations on investment rules. The substantive contents of the MAI which include the definition of investor and investment, treatment of foreign investors and investments, treatment for investment protection, and the dispute settlement mechanism are of high standards that render them unreachable and unacceptable for developing countries. The nine chapters of the book include: 1. an introduction; 2. An analysis of the background of the MAI negotiations which briefly reviews the process and results of the negotiations and makes the author's comments on the negotiations; 3. An analysis and evaluation of the main features of MAI provisions and the approaches adopted by the MAI; 4. An exploration of the scope of application of the MAI through the analysis of the respective definition of investor and investment in the MAI, and points out that the purpose of broad definition is to broaden the MAI's scope of application; 5. An analysis and comment on the MAI's general principles of treatment accorded to foreign investors and their investments, and points out that the MAI's provisions in this regard have negative impacts on developing countries; 6. An introduction to the MAI's specific rules of treatment accorded to foreign investors and their investments in such new areas of international investment as performance requirements, investment incentives, key personnel, privatization, as well as monopoly, state enterprises and concessions; 7. An analysis and commentary on the MAI's treatment provisions on investment protection, i.e. the fair and equitable treatment and full and constant protection and security treatment as the general treatment, and the specific treatment with regard to expropriation and compensation, protection from strife and transfers; 8. An introduction to and evaluation of the MAI's dispute settlement mechanism: the state-state procedure and the investor-state procedure,and; 9. A conclusion.
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Enhancing Agricultural Innovation: How to Go Beyond the Strengthening of Research Systems (Agriculture and Rural Development)
Manufacturer: World Bank Publications ProductGroup: Book Binding: Paperback ASIN: 0821367412 |
Book Description
Knowledge intensiveness has featured prominently in most strategies to promote agricultural development. In the past strengthened research systems may have increased the supply of new knowledge and technologies, but that has not necessarily translated into enhanced agricultural growth. Knowledge converts into products and services through an innovation system -- a network of organizations, enterprises and individuals focusing on bringing new knowledge into economic use, together with the institutions and policies that enable a well-functioning network. This book assesses the usefulness of the innovation systems concept in guiding investments to support knowledge intensive, sustainable agricultural development for developing countries and its collaborators.
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The Vanishing Peasant: Innovation and Change in French Agriculture (Mit Press Series in Logic Programming)
Henri Mendras Manufacturer: The MIT Press ProductGroup: Book Binding: Hardcover ASIN: 0262130653 |
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An Anxious Pursuit: Agricultural Innovation and Modernity in the Lower South, 1730-1815
Joyce E. Chaplin Manufacturer: The University of North Carolina Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0807846139 Release Date: 1996-08-14 |
Book Description
In An Anxious Pursuit, Joyce Chaplin examines the impact of the Enlightenment ideas of progress on the lives and minds of American planters in the colonial Lower South. She focuses particularly on the influence of Scottish notions of progress, tracing the extent to which planters in South Carolina, Georgia, and British East Florida perceived themselves as a modern, improving people. She reads developments in agricultural practice as indices of planters' desire for progress, and she demonstrates the central role played by slavery in their pursuit of modern life. By linking behavior and ideas, Chaplin has produced a work of cultural history that unites intellectual, social, and economic history.Using public records as well as planters' and farmers' private papers, Chaplin examines innovations in rice, indigo, and cotton cultivation as a window through which to see planters' pursuit of a modern future. She demonstrates that planters actively sought to improve their society and economy even as they suffered a pervasive anxiety about the corrupting impact of progress and commerce. The basis for their accomplishments and the root of their anxieties, according the Chaplin, were the same: race-based chattel slavery. Slaves provied the labor necessary to attain planters' vision of the modern, but the institution ultimately limited the Lower South's ability to compete in the contemporary world.
Indeed, whites continued to wonder whether their innovations, some of them defied by slaves, truly improved the region. Chaplin argues that these apprehensions prefigured the antimodern stance of the antebellum period, but she contends that they were as much a reflection of the doubt inherent in theories of progress as an outright rejection of those ideas.
Customer Reviews:
Looking forward but stuck in the past.......2007-03-11
An ambitious interpretation of the 18th century Lower South.......2001-05-20
Chaplin begins her study with a treatment of the predominant economic and political theories of the late 17th century, arguing that southerners accepted the theories of the Scottish school that a commercial society was most conducive to individual wealth creation, and thereby a stronger and more harmonious society. To find products that would create the most wealth, southerners experimented and innovated with various crops and productive means, reflecting the Enlightenment values of scientific pursuit and rationality. In the process, they created a culture that celebrated the right of the individual to pursue prosperity, but that relied upon government aid and regulation, as well as black slavery. Both of the latter aspects were seen as potentially disruptive to their fragile new society, but also unavoidable if individual (and thereby societal) betterment was to be achieved. Even as southerners came to fear the potential of government and slaves (who Chaplin shows to be far from powerless) to challenge their authority, they found that they could not do away with them without undermining the culture of white achievement they had fostered.
Chaplin shows that southereners were not hostile to manufacturing, engaging in it on a small scale particularly during times of market disruption, such as during the Revolution and the War of 1812. Cotton and rice production returned as the dominant economic activities of the South because they were by far the least risky and most profitable, not because of any intellectual opposition to non-agricultural forms of capitalization. Chaplin believes that if only the region had continued its economic diversification, the South would not have been so heavily tied to slavery, and would not have experienced its eventual economic and social stagnation.
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Changing Works: Visions of a Lost Agriculture
Douglas Harper Manufacturer: University Of Chicago Press ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0226317226 |
Book Description
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Review of Changing Works .......2005-11-05
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Green revolution: Agricultural and social change in a north Indian village (Anthropological papers of the American Museum of Natural History)
Stanley A Freed Manufacturer: American Museum of Natural History ProductGroup: Book Binding: Unknown Binding ASIN: B0006S2CNY |
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Agroecology in Action: Extending Alternative Agriculture through Social Networks (Food, Health, and the Environment)
Keith Douglass Warner Manufacturer: The MIT Press ProductGroup: Book Binding: Paperback ASIN: 0262731800 |
Book Description
American agriculture has doubled its use of pesticides since the publication of Rachel Carson's Silent Spring in 1962. Agriculture is the nation's leading cause of non-point-source water pollution--runoffs of pesticides, nutrients, and sediments into streams, rivers, lakes, and oceans. In Agroecology in Action, Keith Douglass Warner describes agroecology, an emerging scientific response to agriculture's environmental crises, and offers detailed case studies of ways in which growers, scientists, agricultural organizations, and public agencies have developed innovative, ecologically based techniques to reduce reliance on agrochemicals.
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Agricultural and rural reconstruction: A sustainable approach
Jayant Patil Manufacturer: Concept Pub. Co ProductGroup: Book Binding: Unknown Binding ASIN: 8170225892 |
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Agricultural Change and Rural Poverty: Variations on a Theme by Dharm Narain (International Food Policy Research Institute)
Manufacturer: International Food Policy Research Institute ProductGroup: Book Binding: Hardcover ASIN: 0801832756 |
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Agricultural Systems: Agroecology and Rural Innovation for Development
Manufacturer: Academic Press ProductGroup: Book Binding: Hardcover ASIN: 0123725178 |
Book Description
Ecological principles, the latest biology, and social science must be understood by students, scholars, and practitioners for sustainable development and innovation in agriculture to occur. Written by experts in agriculture, ecology, soil science, international development, anthropology and economics, this book brings together the technical, biological, ecological, economic and sociological aspects of farming systems science for rural livelihoods.
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Agriculture and Community Change in the U.S.: The Congressional Research Reports (Rural Studies Series)
Louis E. Swanson Manufacturer: Westview Pr (Short Disc) ProductGroup: Book Binding: Paperback ASIN: 0813374529 |
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