IESE (España)
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Risk Oversight: What Every Director Should Know
Ormazabal, GaizkaArticle ART-2818-EAccounting and Control, Corporate Governance, StrategyThe public and political perception that excessive risk-taking was to blame for the global financial crisis has led to a number of legislative and regulatory actions concerning the role of the board in risk oversight. This article discusses the main factors driving the pressure on boards to oversee corporate risk and the potential consequences of this emphasis on risk oversight. The author describes how companies are responding to the higher dema...Starting at €8.20
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Variance Analysis
Ormazabal, Gaizka; Soler, EdiTechnical Note CN-226-EAccounting and ControlIn this technical note we explain how to analyze deviations from a budget. We call this procedure variance analysis. The purpose of this analysis is to better understand the sources of variation between the budget and the actual performance of a company. To illustrate the methodology, we use an example of a company in the textile industry. In the second part of the technical note, we explain how to conduct a variance analysis when there is a vari...Starting at €8.20
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La avaricia de los directivos: ¿causa o efecto : Reflexiones sobre el papel de los directivos en el cambio de rumbo de la sociedad
Huete, Luis María; García Arevalillo, JavierTechnical Note BEN-136Business Ethics and Corporate Social ResponsibilityEn este documento, se reflexiona sobre la aplicación de la ética a la labor directiva y se incide especialmente en su dimensión social: el líder que trabaja en una empresa configura con dicho trabajo y con su desarrollo personal (es decir, qué tipo de persona ha llegado a ser) las dinámicas de la empresa de la que forma parte y, a la postre, el perfil de las relaciones que se establecen entre los integrantes de la sociedad en la que vive.Starting at €8.20
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Los agujeros negros y otros cambios disruptivos: El desafío de decidir y ejecutar estrategias ganadoras en mercados inestables
Huete, Luis María; Escario, Carlos; García Arevalillo, JavierTechnical Note SMN-698StrategyEn este documento se explican varios fenómenos de cambio disruptivo en los mercados como el que hemos bautizado como "agujero negro", los modelos de negocio colaborativos y la tendencia al coste marginal cero en la producción de nuevos productos y servicios. Aunque sean cambios competitivos que se han dado en diversas ocasiones en el pasado, nuestra tesis sostiene que los contextos tecnológico y socioeconómico van a provocar que cada vez se produ...Starting at €8.20
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Sesgos en la toma de decisiones
Huete, Luis MaríaTechnical Note PN-506Decision Analysis, Knowledge and Communication, Leadership and People ManagementBasado en los estudios experimentales del premio Nobel Daniel Kahneman, el documento ilustra el porqué de algunos fenómenos curiosos del comportamiento cotidiano. En el documento se exponen una docena de sesgos que juegan un papel frecuente en nuestra toma de decisiones, seamos o no del todo conscientes de ello. En concreto, el ser humano cuenta con dos sistemas fundamentales, y la forma en la que estos interactúan entre sí es lo que determina o ...Starting at €8.20
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Precios de transferencia
Ormazabal, Gaizka; Soler, EdiTechnical Note CN-227Accounting and ControlEn las empresas multidivisionales, es frecuente la transferencia de productos entre sus divisiones. Por ejemplo, algunas divisiones están especializadas en la fabricación de productos intermedios, que después se transfieren a otras divisiones especializadas en productos terminados. El precio que la división de fabricación cobra a otras divisiones por los productos intermedios se denomina "precio de transferencia". Aunque pueda parecer que las tra...Starting at €8.20
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Mango, Socializing Fashion
Kordecka, Izabela; Ricart, Joan EnricCase SM-1547-EStrategyMango, a clothing company with a large presence in Spain and the rest of the world, decides to enter new industry segments in order to broaden its main target market, strengthen its brand and drive purchases of its products. Mango's main customers until now have been modern, avant-garde young women in their 20s to 40s. However, success in the women's fashion segment has persuaded the company that in order to continue to succeed in this industry a...Starting at €8.20
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Rapid Growth Through Internationalization: Applus+
Kordecka, Izabela; Ricart, Joan EnricCase DG-1489-EStrategyThis case outlines the development of Applus+, a Grupo Agbar business unit, from its beginnings until 2004, by which time the company was in a strong position at both the national and international levels, and was facing an important decision regarding future investments. The objective of this case is to provide information from a global perspective on the motives of this type of business, its international expansion strategy, the entry requireme...Starting at €8.20
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Monetary Incentives
Ormazabal, Gaizka; Soler, EdiTechnical Note CN-229-EAccounting and Control, Corporate GovernanceWhen designing incentive systems, companies seek to induce employees to act in the best interest of the firm. Among other things, incentive systems tackle the following issues: (1) How can firms retain talent?; (2) How can firms motivate managers to do their best?; and (3) How can firms incentivize managers to take risks without inducing excessive risk-taking? In this technical note, we illustrate how these issues can be dealt with using monetar...Starting at €8.20
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Say on Pay at Citigroup
Ormazabal, Gaizka; Kadach, IgorCase C-795-EAccounting and Control, Corporate Governance, FinanceThis case examines the failed Advisory Vote on Executive Compensation (Say on Pay) for Citigroup and Vikram Pandit in April 2012. The general objective of the case is to help students understand executive compensation packages. As specific objectives, the case is intended to help students: i) Understand the components of executive compensation packages ii) Estimate the economic value of executive compensation packages iii) ...Starting at €8.20