‘The ugly duckling is a swan.’ Thus ends the fairy tale of The Ugly Duckling by Hans Christian Andersen. However, until that beautiful day when it met its fellow swans, the little bird had to go through some tough times. And the ugly duckling is not the only protagonist that faced difficult moments before seeing a happy ending. There are countless fairy tales such as ‘Cinderella’ and ‘Haensel and Gretel’, just to name a few. ‘Rags-to-riches plots’ have been used by leaders and societies at all times throughout history to recount their own stories. Interestingly, turnaround stories have gained more and more ‘scientific interest’, also in ‘marketing’, ‘entrepreneurship’, and, most recently, even as a ‘leadership tool’. Apparently, we seem to like protagonists which successfully make their way through troubled times. But why? Is it because they might inspire or encourage us and give us hope for a good ending? Or is there anything else we can learn from the ugly duckling, Cinderella, and their fellow protagonists? To that end, the four short essays in the present book examine foundations, features, and actual applications of turnaround stories in various areas. The central aim of all of this is that turnaround stories may give entrepreneurs and leaders hope but also advice so that they, after all kinds of challenges and crises in their own lives, may eventually come to experience that the ‘ugly duckling is a swan.’
The leading reference on this topic has just gotten better. Building on the success of the previous two editions, all the chapters have been updated to reflect the latest developments in the field, and new chapters have been added on picolinic acids, oxathiapiprolin, flupyradifurone, and other topics. This third edition presents the most important active ingredients of modern agrochemicals, with one volume each for herbicides, fungicides, and insecticides. The international team of first-class authors from such renowned crop science companies as Bayer, Syngenta, Dow AgroSciences, DuPont (now Corteva Agriscience), and BASF, address all crucial aspects from the general chemistry and the mode of action to industrial-scale synthesis, as well as from the development of products and formulations to their application in the field. A comprehensive and invaluable source of timely information for all of those working in modern biology, including genetics, biochemistry and chemistry, and for those in modern crop protection science, whether governmental authorities, researchers in agrochemical companies, scientists at universities, conservationists, or managers in organizations and companies involved in improvements to agricultural production.
The book provides readers with an overview of the unique features of German business and enterprise law and an in-depth analysis of the organs of governance of German public limited companies (general meeting, management board, supervisory board). In addition, approaches for reforms required at the international level are also suggested and discussed, including, among others, the unique interplay and dynamics of the German two-tier board model with the system of codetermination, referring to the arrangement of employees sitting on the supervisory boards of German public limited companies and private companies employing more than 500 employees; also covered are significant recent legal developments in Europe.The book highlights the core function of valuation and financial reporting at the international, European and German levels, with accounting as the documentary proof of good corporate governance. Corporate governance encompasses the free enterprise system, which is treated comprehensively in this book from a German perspective. This distinguishes the book from other books written in English in this subject area, not only because of the comprehensive way it covers German corporate law and corporate governance, but also because of the fact that it provides international and European perspectives on these important topics.The book is addressed to researchers, practitioners and basically anyone with an interest in the complex, but intriguing areas of corporate law and corporate governance.
The decision to diversify lies at the core of corporate strategy and is one of the most important decisions for top management. Matthias Knecht introduces a new perspective on corporate diversification that extends the academic discussion and reveals substantial new insights with regards to one of the most pressing questions in strategic management: what makes a diversification strategy successful? The author introduces the dynamism of industries as the dominant force in the firm’s environment that influences the organization on all levels. Due to strategic, organizational, and managerial similarities of businesses competing in similar dynamic environments, synergistic benefits and superior economic performance can be realized through the combination of dynamic-related businesses in the corporate portfolio. This study provides a quantitative, multidimensional operationalization of industry dynamism and an in-depth assessment of the dynamism of a wide range of industries. At the core of the study lies the investigation of the performance impact of dynamic-related diversification strategies. The results provide new insights into successful portfolio construction strategies in the face of today’s dynamic environments.
The assembly of this study started in 2013 during the preparation of the foundation of the Flexible Electrical Networks (FEN) Research Campus, an institution supported by the German Federal Ministry of Education and Science, concentrating on DC technology in power grids as an enabler for the energy transition. It reflects the state-of-the-art and research needs of DC technology against the background of application in public grids up until the year 2015. Topics as components, control, management and automation, high-, medium, and low-voltage grid concepts as well as social dimensions, economics, and impact on living beings are considered. After substantial editorial effort, its first public edition has become ready now. The aim of FEN is to investigate and to develop flexible power grids. Such grid will safeguard the future energy supply with a high share of fluctuating and decentralized renewable energy sources. At the same time, these grids will enable a reliable and affordable energy supply in the future. The objective is to provide new technologies and concepts for the security and quality of the energy supply in the transmission and distribution grids. To pursue this goal, the use of direct-current (DC) technology, based on power electronics, automation and communication technologies, plays an important role. Although DC technology is not yet established as a standard technology in the public electrical power supply system, its high potential has been widely recognized. The use of DC is an enabler to make the future energy supply system more economical than a system based on alternating-current (AC), because of its superior properties in handling distributed and fluctuation power generation. Indeed, DC connections are already the most cost-efficient solution in cases of very high-power long-distance point-to-point transmission of electricity or via submarine cables. The objective of the FEN Research Campus is now to achieve and demonstrate feasibility of DC as a standard solution for future electrical grids, as described in this study.
There is order on the internet, but how has this order emerged and what challenges will threaten and shape its future? This study shows how a legitimate order of norms has emerged online, through both national and international legal systems. It establishes the emergence of a normative order of the internet, an order which explains and justifies processes of online rule and regulation. This order integrates norms at three different levels (regional, national, international), of two types (privately and publicly authored), and of different character (from ius cogens to technical standards). Matthias C. Kettemann assesses their internal coherence, their consonance with other order norms and their consistency with the order's finality. The normative order of the internet is based on and produces a liquefied system characterized by self-learning normativity. In light of the importance of the socio-communicative online space, this is a book for anyone interested in understanding the contemporary development of the internet. This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is offered as a free PDF download from OUP and selected open access locations.
In the 1920s Germany was in the grip of social and political turmoil: its citizens were disillusioned by defeat in World War I, the failure of revolution, the disintegration of their social system, and inflation of rampant proportions. Curiously, as this important book shows, these years of upheaval were also a time of creative ferment and innovative accomplishment in literature, theater, film, and art. Glitter and Doom is the first publication to focus exclusively on portraits dating from the short-lived Weimar Republic. It features forty paintings and sixty drawings by key artists, including Otto Dix, Max Beckmann, and George Grosz. Their works epitomize Neue Sachlichkeit (New Objectivity), in particular the branch of that new form of realism called Verism, which took as its subject contemporary phenomena such as war, social problems, and moral decay. Subjects of their incisive portraits are the artists' own contemporaries: actors, poets, prostitutes, and profiteers, as well as doctors, lawyers, businessmen, and other respectable citizens. The accompanying texts reveal how these portraits hold up a mirror to the glittering, vital, doomed society that was obliterated when Hitler came to power.
This book discusses a six-step transformation cycle in which the tasks of innovation management – ranked according to their relevance for companies – are placed in a systematic order. Presenting an in-depth discussion on innovation and transformation, the authors delve into strategic themes such as business models and strategic positioning, which are fundamental to the innovation process. It also describes the underlying processes and roles of innovation management, and the required organizational structures. Following process organization and organizational structure, the authors highlight how the appropriate human resource strategy should look and the manner of personnel selection or development to be implemented. The authors also provide tools and systems that are assigned to specific employees working with innovation management; these deal with innovation audit, knowledge management, idea management, financing and budgeting innovations, marketing and property rights. The book also sheds light on how the effectiveness of the innovation process can be monitored using indicator systems. This is a handy resource for managers looking for a structured strategy and how to implement it to achieve optimal innovation management and reap its benefits.
English summary: In the early middle ages the court was a centre for meetings of secular and clerical princes. At the court of emperors, kings, and popes, the princes of different lordships met and the court was therefore at the centre of conflict. The court as centre of rule is especially important at the moment when the cooperation at the court is questioned by escalating quarrels. In the situation of conflict the notions of the princes emerge more clearly, the implicit demands the princes were subordinated to as well as the political mode of functioning at the court. In situations of conflict the mechanism of culture of debate in the early middle ages can be observed. Different aspects of conflict at court in the early middle ages were discussed at this international congress. german description: Im fruhen Mittelalter war der Hof ein zentraler Ort der Begegnung geistlicher und weltlicher Fursten. Kaiser-, Konigs- und Papsthofe vereinten die Fursten der verschiedenen Reiche und wurden daher auch zu Kristallisationspunkten des Streits. Der Hof als Zentrum der Herrschaft tritt fur uns vor allem dann als Phanomen hervor, wenn das Mit- und Zueinander am Hof durch eskalierende Auseinandersetzungen in Frage gestellt wird. An der Streitsituation lassen sich die Vorstellungen der Beteiligten, die impliziten Anspruche, die an Konig und Grosse herangetragen werden, sowie die Wirkungsweise des Hofes besonders deutlich machen. Zudem konnen Mechanismen fruhmittelalterlicher Streitkultur an dem besonders exponierten Ort des Hofes sichtbar werden. Die verschiedenen Aspekte des Streits am fruhmittelalterlichen Hof werden in diesem Band betrachtet und analysiert.
This book provides an overview on the current state-of-the-art research on non-linear option pricing. Non-linear models are becoming more and more important since they take into account many effects that are not included in the linear model. However, in practice (i.e. in banks) linear models are still used, giving rise to large errors in computing the fair price of options. Hence, there exists a noticeable need for non-linear modelling of financial products. This book will help to foster the usage of non-linear Black-Scholes models in practice.
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