Writings on the bathroom wall

2016 ◽  
Vol 37 (5) ◽  
pp. 46-50
Author(s):  
Peter Buell Hirsch
Keyword(s):  
Risk Analysis ◽  
Behavior Change ◽  
Design Methodology ◽  
Content Type ◽  
Political Issues ◽  
Practical Advice ◽  
For Profit ◽  
Risks And Benefits ◽  
Reputation Risk ◽  
Practical Implications

Purpose The increasing incidence of for-profit corporations publicly expressing views on social, cultural and political issues is creating new reputational risks. This viewpoint aims to examine this problem and propose a range of practices for companies to adopt for minimizing this risk. Design/methodology/approach This paper examines a variety of recent cases of companies expressing public viewpoints to extract learnings about the range of potential stances to adopt to minimize reputation risk. Findings This analysis determined that there were four different paths for companies to take – radical behavior change, vocal activism, quiet engagement or strict neutrality – each with its own risks and benefits. Practical implications This paper offers practical advice to corporations about how and when they should adopt public stances on social, cultural and political issues in a way that minimizes reputation risk. Social implications As corporations become smarter about their public stances, activists and advocates seeking their support will need to make more compelling arguments to gain their endorsement. Originality/value While individual corporate controversies about public positions have been written, the author is unaware of any previous comprehensive risk analysis of the reputation risks of public positions by corporations on social, cultural and political issues or recommendations on how to handle the risks.

SEC intensifies scrutiny of fee-based accounts and reverse churning

2014 ◽  
Vol 15 (1) ◽  
pp. 48-51
Author(s):  
Daniel A. Nathan ◽  
Lauren A. Navarro
Keyword(s):  
Risk Analysis ◽  
Financial Services ◽  
Design Methodology ◽  
Appropriate Use ◽  
Content Type ◽  
Practical Advice ◽  
Inappropriate Use ◽  
The Past ◽  
Problematic Behaviors ◽  
Practical Implications

Purpose – To explain the SEC's focus on the appropriate use of fee-based accounts and disciplinary efforts to identify and prevent “reverse churning.” Design/methodology/approach – Describes the quantitative analytics used in the SEC's Risk Analysis Examinations (RAEs) to identify reverse churning and other problematic behaviors, explains why the inappropriate use of fee-based or “wrap fee” accounts and “double charging” can be unfair to investment clients, summarizes prior NASD and FINRA guidance and enforcement regarding fee-based account supervision, and recommends account monitoring actions that firms should take to ferret out reverse churning. Findings – The SEC's continuing interest in reverse churning and double-charging, and its use of new examination and investigation tools, together suggest that the future will see more investigations and enforcement actions against firms who place clients in a fee-based or “wrap-fee” account without having adequate supervisory procedures to determine and monitor whether such accounts are appropriate for those clients. Practical implications – Monitoring accounts to ferret out reverse churning has proven difficult for firms in the past, since spotting inactivity might be more challenging than detecting excessive trades (known as “churning”). However, it seems that the SEC and its staff are enhancing their ability to identify and address these violations. Originality/value – Practical advice from experienced financial services lawyers.

scholarly journals How open is OpenGLAM? Identifying barriers to commercial and non-commercial reuse of digitised art images

2019 ◽  
Vol 76 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Foteini Valeonti ◽  
Melissa Terras ◽  
Andrew Hudson-Smith
Keyword(s):  
Design Methodology ◽  
Art Museums ◽  
End Users ◽  
Institutional Perspective ◽  
Content Type ◽  
Image Tracking ◽  
Academic Literature ◽  
Risks And Benefits ◽  
Quality Image ◽  
Practical Implications

Purpose In recent years, OpenGLAM and the broader open license movement have been gaining momentum in the cultural heritage sector. The purpose of this paper is to examine OpenGLAM from the perspective of end users, identifying barriers for commercial and non-commercial reuse of openly licensed art images. Design/methodology/approach Following a review of the literature, the authors scope out how end users can discover institutions participating in OpenGLAM, and use case studies to examine the process they must follow to find, obtain and reuse openly licensed images from three art museums. Findings Academic literature has so far focussed on examining the risks and benefits of participation from an institutional perspective, with little done to assess OpenGLAM from the end users’ standpoint. The authors reveal that end users have to overcome a series of barriers to find, obtain and reuse open images. The three main barriers relate to image quality, image tracking and the difficulty of distinguishing open images from those that are bound by copyright. Research limitations/implications This study focusses solely on the examination of art museums and galleries. Libraries, archives and also other types of OpenGLAM museums (e.g. archaeological) stretch beyond the scope of this paper. Practical implications The authors identify practical barriers of commercial and non-commercial reuse of open images, outlining areas of improvement for participant institutions. Originality/value The authors contribute to the understudied field of research examining OpenGLAM from the end users’ perspective, outlining recommendations for end users, as well as for museums and galleries.

What news on the Rialto? Geopolitics and reputation risk

2019 ◽  
Vol 40 (6) ◽  
pp. 9-15 ◽  
Author(s):  
Peter Buell Hirsch
Keyword(s):  
Multinational Corporations ◽  
Corporate Reputation ◽  
Design Methodology ◽  
Content Type ◽  
Skill Sets ◽  
International Media ◽  
Reputation Risk ◽  
Potential Risks ◽  
Practical Implications ◽  
New Infrastructure

Purpose The purpose of this paper is to examine how changes in the global geopolitical climate have created new and more acute reputation risks for multinational corporations. Design/methodology/approach This viewpoint examines recent shifts in the global geopolitical claims covered in international media and analyzes variety of instances in which these shifts have created new and more intense reputation risks. From this analysis, the authors derive insights into how companies can prepare for and manage their operations to mitigate potential reputation risks. Findings The author finds that the increases in reputation risk created by shifting global geopolitical structures expose weaknesses in the infrastructure and skill sets by which companies manage their corporate reputation and makes recommendations about overcoming these weaknesses. Research limitations/implications The geopolitical issues analyzed and the reputation risks exposed are selective; therefore, this is not a comprehensive review of all the potential risks. Practical/implications Companies can do a great deal to protect themselves from new reputation risks created by the geopolitical shifts discussed by setting up a new infrastructure for managing and reporting on these risks and hiring communications professionals with the appropriate capabilities for analyzing and managing the risks. Social/implications If these new risks are well managed, the potential for significant business disruption and the safety and security of corporate employees could be significantly reduced. Originality/value To the best of the author's knowledge, this is the first discussion of geopolitical shifts and corporate reputation.

scholarly journals The concept and application of ḍamān al-milkiyyah (ownership risk)

2017 ◽  
Vol 9 (2) ◽  
pp. 148-163 ◽  
Author(s):  
Lutfi Abdul Razak ◽  
Muhammad Nabil Saupi
Keyword(s):  
Design Methodology ◽  
Islamic Law ◽  
Content Type ◽  
Practical Applications ◽  
For Profit ◽  
Descriptive Research ◽  
Financial Products ◽  
Financial Transactions ◽  
Practical Implications

Purpose The purpose of this paper is to elucidate the concept of ḍamān al-milkiyyah (ownership risk) and to assess its application in contemporary Islamic financial products and services. Design/methodology/approach The methodology adopted is that of descriptive research. Findings From an Islamic law of contract perspective, the concept of ḍamān al-milkiyyah is central to legitimate profit-making transactions and hence must be adhered to in practical applications of Islamic finance. Research limitations/implications This study should help motivate further investigation into the position of ḍamān al-milkiyyah among different parties in existing Islamic financial products and services. Practical implications Policymakers and regulators should ensure that Islamic financial products and services are structured in a way that does not allow parties to profit without adequately bearing the liability for potential loss. Social implications The condition of ḍamān al-milkiyyah as a source of legitimate profit reflects the idea that the role of finance in Islam is to promote and ensure social benefits. Originality/value This paper emphasizes the importance of ḍamān al-milkiyyah as a fundamental condition for profit in Islamic financial transactions.

Collectors behaving ethically: an emerging consumption constellation

2010 ◽  
Vol 6 (1) ◽  
pp. 45-61 ◽  
Author(s):  
Jennifer Yurchisin ◽  
Sara B. Marcketti
Keyword(s):  
Fair Trade ◽  
Design Methodology ◽  
Qualitative Data ◽  
Significant Information ◽  
Content Type ◽  
Non Profit ◽  
For Profit ◽  
Predominantly Female ◽  
Practical Implications ◽  
Disadvantaged People

PurposeThis study aims to examine the characteristics of ethnographic textile collectors and compare them with the literature regarding fair trade consumers to explore the existence of a possible consumption constellation between collecting and fair trade purchasing.Design/methodology/approachPurposive sampling was used for the study as it maximized the attainment of significant information related to ethnographic textile collecting. Qualitative data from ethnographic textile collectors (n=12) were collected.FindingsResults suggested that collectors were interested in purchasing high quality, authentic products that expressed their identity and individuality. These are similarities shared with fair trade consumers. Furthermore, collectors' motives to help artisans overcome poverty were evident; a similar value guides fair trade purchasing.Research limitations/implicationsThe predominantly female sample of academics may not be representative of the average ethnographic textile collector.Practical implicationsUnderstanding the multiplicity of products and activities representative of one consumer group's lifestyle is beneficial to both for‐profit and non‐profit organizations in terms of product promotion or donation solicitation. The understanding of these consumers' lifestyle can, in turn, help marketers design and implement effective advertising and fundraising campaigns that improve the livelihood and wellbeing of excluded and disadvantaged people in developing countries.Originality/valueThe paper furthers the knowledge base and understanding of these different consumer segments by providing evidence of a consumption constellation between ethnographic textile collectors and fair trade consumers.

Practical approaches to compliance for entrepreneurial uses of licensed databases in libraries

2015 ◽  
Vol 43 (3) ◽  
pp. 419-438 ◽  
Author(s):  
Posie Aagaard ◽  
Natasha Z Arguello
Keyword(s):  
Intellectual Property ◽  
Design Methodology ◽  
Public Libraries ◽  
Practical Experience ◽  
Content Type ◽  
For Profit ◽  
License Agreements ◽  
Practical Guidance ◽  
Definition Of ◽  
Practical Implications

Purpose – The purpose of this paper is to provide practical guidance to business librarians in academic and public libraries for applying essential concepts of licensing electronic resources in entrepreneurial contexts. Design/methodology/approach – The paper is an outcome of a preconference presentation on licensing business resources, based on the practical experience of the authors in licensing and vendor negotiations. It also presents results of the preconference presurvey, gauging awareness among business librarians about licensing concepts and concerns about the usage of licensed databases by entrepreneurs. Findings – For-profit goals of entrepreneurs using library e-resources lead to concerns among business librarians about compliance with non-commercial clauses of library license agreements and potentially to unnecessary restrictions on patrons’ database use. License agreements of business e-resources are likely to have more restrictive terms of use because of perceived value of their intellectual property by vendors, a wider range of content types and clauses carried over from commercial license agreements. Business librarians generally have only basic awareness of licensing concepts. Because of organizational silos, special terms of use sometimes are not clearly conveyed from the licensing staff to librarians who work directly with entrepreneurs. Practical implications – The paper proposes a definition of entrepreneurial uses of licensed e-resources and practical approaches to manage compliance risk. Originality/value – The paper provides a practical framework for business librarians to assess compliance with license agreements in the context of entrepreneurial uses.

Overcoming barriers to integrating strategy and leadership

2015 ◽  
Vol 43 (2) ◽  
pp. 23-32 ◽  
Author(s):  
Paul J.H. Schoemaker ◽  
Steven Krupp
Keyword(s):  
Factor Analysis ◽  
Design Methodology ◽  
Business Strategies ◽  
Strategic Leadership ◽  
Content Type ◽  
Practical Advice ◽  
The World ◽  
Practical Implications ◽  
Assessment Questionnaire ◽  
Standard Tests

Purpose – As uncertainty increases, business strategies need more frequent adjustments which in turn requires leaders who excel at timely external and internal alignment. We describe six challenges such leaders need to master. Design/methodology/approach – The six leadership abilities profiled in this article are based on a conceptual model that was pre-tested with selected executives. Using factor analysis and other standard tests of validity, we refined an assessment questionnaire and identified remedies. It has been taken by some 30,000 managers from diverse companies around the world. Findings – Our main findings are that strategic leadership can be deconstructed into more basic elements and that leaders can learn to better practice its skills, habits and attitudes once they know where they are personally weakest. Various challenges complicate better integration of strategy and leadership in the heat of battle but successful leaders conquer these by honing six essential capabilities. These are the ability to anticipate, challenge, interpret, decide, align and learn. We illustrate each with examples and then provide practical advice for leaders wishing to increase their strategic acumen. Practical implications – Readers can complete a 12-item assessment online (www.decisionstrat.com). Originality/value – The skills that comprise strategic leadership in a world of increasing uncertainty should be viewed as a self-reinforcing system. The leadership challenge, which involves practicing six abilities while overcoming barriers to them, allows the best innovators to win the long game while making frequent tactical adjustments along the way in response to surprise and uncertainty.

Cybersecurity: SEC is starting to scrutinize registrants’ practices

2014 ◽  
Vol 15 (4) ◽  
pp. 4-6 ◽  
Author(s):  
Daniel A. Nathan ◽  
Libby J. Greismann
Keyword(s):  
Design Methodology ◽  
The State ◽  
Content Type ◽  
Practical Advice ◽  
Practical Implications

Purpose – To alert broker-dealers to the SEC’s plans to examine their cybersecurity practices, and offer advice on compliance. Design/methodology/approach – Reviews the SEC’s proposed cybersecurity framework and provides suggestions for broker-dealers to address and respond to these proposals. Findings – The SEC is still focused on gaining more information about the state of the cybersecurity industry in the broker-dealer context. Practical implications – Broker-Dealers should review the framework and prepare to be flexible and responsive to changing guidelines that may emerge. Originality/value – Breaks down the SEC guidelines in plain English and analyses the import of these guidelines. Offers practical advice for compliance.

scholarly journals A constellation to guide us

2016 ◽  
Vol 44 (4) ◽  
pp. 544-551 ◽  
Author(s):  
Christine Bombaro ◽  
Pamela Harris ◽  
Kerri Odess-Harnish
Keyword(s):  
Higher Education ◽  
Information Literacy ◽  
Design Methodology ◽  
Literacy Program ◽  
Academic Librarians ◽  
University Of Illinois ◽  
Content Type ◽  
Practical Advice ◽  
The University ◽  
Practical Implications

Purpose The purpose of this paper was to ask Lisa Janicke Hinchliffe, Professor/Coordinator for Information Literacy Services and Instruction in the University Library at the University of Illinois at Urbana-Champaign, about her views regarding the Framework for Information Literacy for Higher Education. Design/methodology/approach This is an interview. Findings Hinchliffe believes that the Framework is one among many documents that academic librarians can and should use to promote information literacy. Research limitations/implications Hinchliffe contradicts the opinion that the Framework and the Information Literacy Competency Standards for Higher Education could not have co-existed. Practical implications Hinchliffe offers librarians practical advice for moving from a Standards-based to a Framework-based information literacy program. Originality/value Hinchliffe concludes that the old ways of fostering information literacy do not need to be rejected to adopt new practices.

scholarly journals Witness interview strategy for critical incidents (WISCI)

2018 ◽  
Vol 20 (4) ◽  
pp. 268-278 ◽  
Author(s):  
Kevin Smith ◽  
Becky Milne
Keyword(s):  
Critical Incident ◽  
Design Methodology ◽  
Critical Incidents ◽  
Terrorist Attacks ◽  
Initial Contact ◽  
Fast Time ◽  
Content Type ◽  
Practical Advice ◽  
High Profile ◽  
Practical Implications

PurposeHigh-profile critical incidents involving multiple witnesses, particularly terrorist attacks, have increased over the years. The purpose of this paper is to describe the components of a witness interview strategy for this type of investigation. Central to these cases is a need for a triage system which deals with a large number of witness/victim interviews that must be conducted fast time.Design/methodology/approachThis paper was developed based on the experience of the authors who provide practical advice and support to these types of investigations and a dialogue with police interview advisers involved in developing this type of strategy.FindingsA witness interview strategy for critical incidents involving multiple witnesses should be set within a framework that covers initial contact with the witnesses, the interview process and post-interview processes.Practical implicationsIt is important that a witness interview strategy is developed for any critical incident involving multiple witnesses to ensure that what could otherwise be a chaotic process is effectively managed.Originality/valueNo other papers have been published that consider the development of witness interview-strategies for multiple-witnesses in critical incidents.

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