Category Archive Personal Finance

Legal and Social Infrastructure of Business and Finance 2011

Every business operates in a legal and social environment, and the Standard Model assumes that a sophisticated framework of institutions is in place and is functioning properly. In view of the recent financial scandals, it is relevant to state several essential characteristics that a country’s financial system has to have. There has to be rule [...]
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Manager Can Manage Company Risk 2011

Manager Can Manage Company Risk Manager’s Checklist Companies manage risk as a functional issue: financial, operational, public relations. Yet the worst risk—industry dissonance—cuts across all functions, and no one actually manages it. Top executives are especially vulnerable to industry dissonance since they are often the last to know and the first to deny it. Industry [...]
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Make Money Tips: Manager’s Checklist 2011

Make Money Tips: Manager’s Checklist Early signs always precede surprises. The problem is that they are ignored as often as they are recognized. Many research studies show that when reality and convictions are at odds with each other, convictions often win. This is the risk called a blindspot, and it is the gravest risk for [...]
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