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Not only do Boards have a hand in the long term success of organisations, they are often expected to be the guardians of management – providing guidance and strategic inputs. Yet, names like Olympus, Enron, MF Global, News Corp and Hewlett Packard have turned the value of directorships on its head. To what extent should stakeholders trust Boards to look out for their interests, and is can diversity at the top really guard against the dangers of group-think? These questions were discussed at a panel discussion organised by SMU’s Office of Executive Education.
The September 2008 collapse of Lehman Brothers was the 9/11 on Wall Street. Since then, the global risk landscape has changed and swings in the equity markets have become more volatile Now, a study of statistically significant changes in global financial risks and sharp increases in conditional Value-at-Risk after September 2008 has suggested a technically superior technique for effective risk management.
In a globalised world where problems are more complex, it is increasingly important for various sectors of society to work together towards a shared solution. But it may be difficult getting the different groups to work hand in hand. Social innovators shared at a SMU Lien Centre of Social Innovation conference on how the public and private sector can reshape itself to work with one another to achieve common goals.
Success in a new emerging market depends on many factors, such as market size, its purchasing power, and competition. Marketing strategies are critical for success too. While many companies have traditionally opted to localise their brands, a group of speakers at SMU's Centre for Emerging Markets believe that businesses need to be far more agile in differentiating themselves for local customers – especially as markets become increasingly global and homogenous.
The rise of China to the world’s second largest economy has seen a boom in its consumer market with its citizens having more purchasing power. China’s retail market is growing rapidly, including the trend of online shopping with the expansion of the credit card industry. As more and more Chinese citizens get online, the internet is slowly becoming a powerful tool for businesses to reach out to them.
The US mortgage crisis and its dire after effects have highlighted the criticality of financial literacy. And while most people would have picked up fundamental mathematical principles in schools, not everyone appreciates how arithmetic translates within the complex world of finance. Yet, given what has transpired with the subprime crisis, is it important for borrowers to appreciate complicated financial concepts before taking up a loan? A study of the US mortgage market, presented at a SMU School of Economics Seminar Series, provides some clues as it uncovers links between basic numerical skills and financial fate.
Knowledge@Wharton
One, Two Three Free Trade Agreements: Finally, a New Era for Global Trade?
IBM's Sam Palmisano: 'Always Put the Enterprise Ahead of the Individual'
Customers, Competition and Cost: Sam's Club CEO Brian Cornell on the Essential 'Cs' of Leadership
Revisiting the American Dream: Is the U.S. Providing Fewer Opportunities to Get Ahead?
Short-sighted Frugality? Employers Who Rein in Compensation Too Much Could Pay a Price Later
China Knowledge@Wharton
Mecox Lane CEO Alfred Gu on 2012: A Calmer Year for E-Commerce in China
Research Roundup: Homeowner Mobility, Divestitures and the Real Impact of FDI
Will a Eurozone Recession Put a Damper on the World's Fragile Economic Recovery?
Are China's New Social Charges for Foreigners a Hornets' Nest for Employees and Employers?
Seven Top Leaders on Making Tough Calls and Serving for the Greater Good
Microfinance's Latest Challenge: Cutting Back on Over-indebtedness Among Its Poorest Clients
The Customer Lifetime Value Equation: Will It Pay Off for Tech Companies?



