|  | Koenig, David R.
Governance Reimagined
Organizational Design, Risk, and Value Creation
Wiley Finance Editions
 1. Auflage Mai 2012
65,90 Euro
2012. 234 Seiten, Hardcover
- Praktikerbuch -
ISBN 978-0-470-59878-8 - John Wiley & Sons
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A timely guide for companies needing to grow equity and human capital after the recent economic turmoil. Written for leaders and students of for-profit, non-profit, political, and social organizations who are looking for a way to do their work more effectively.
Most organizational leaders only partially understand the factors that affect the amount of value created by the activities of their organization and thus greatly under-deliver on the potential to achieve their objectives and serve their target audiences.
Governance Reimagined has been written to fill in the missing pieces of this puzzle. It will help put your organization on the path toward re-governing, or redesigning how it works, to unlock its hidden value. Page by page, it will show you how to generate new and better processes and improve the value of those processes by altering the external perception of their risk.
* Addresses various issues that affect corporate value, from management and systems theory to governance science, risk management, and traditional finance
* Reveals how to recognize internal processes and external events that affect value creation
* Highlights how to create resilient organizations that generate greater value from their processes
Governance Reimagined offers corporate leaders a new way to think about value, and will help you understand some of the factors that destroy value within organizations, but most importantly how new value can be created and how missions can more ably be fulfilled.
This is an important book for these dynamic economic times.
Aus dem Inhalt
Acknowledgments xvii
Introduction RE: Governing xix
Sources of Wealth xx
Perceptions Matter xxi
Keep Doing What You Do . . . xxi
And Keep Doing It Well! xxii
PART ONE Creation and Evolution: The Source(s) of Wealth
CHAPTER 1 Understanding Value, Values, and Value Creation 3
How Much Is that Duck in the Window? 3
Are We Acting on Our Beliefs? 7
Economics and the Creation of Value 9
Only One Equation, I Promise 11
Notes 14
CHAPTER 2 Systems and Networks in Our Lives 15
Secret Agents 15
Systems Theory 16
Network Theory 19
Notes 24
CHAPTER 3 The Dynamics of Self-Organizing Groups 25
From Small, Unconnected Beginnings 26
Hops, Skips, Jumps, and Luck 28
Risk, Success, and Failure 29
The Game of Evolution 30
The Meaning for Organizations 33
Notes 34
CHAPTER 4 The Emergence of Complexity Economics 35
Two Schools in Conflict 35
What's Wrong with Traditional Economics? 36
Building an Economy 39
The Bounds of Rationality 41
Not so Timely or Stable 42
The Role of Networks, Evolution, and Social Interaction 44
What's Next? 45
Notes 46
PART TWO Looks Matter
CHAPTER 5 The Enterprise and Those Who Influence Its Value 49
Keystones, Value, and Systems 49
The Organization's Social Network 50
Customers 51
Investors 52
Executive Leadership, Employees, and Contract Workers 52
Board of Directors 53
Suppliers 54
Creditors 56
Regulators 57
Analysts 58
Retirees 59
Case Study: Iceland and the Credit Crisis 59
How We Look Affects Our Value 60
Notes 61
CHAPTER 6 Our Human Behavior 63
Voices in Behavioral Economics 64
The Value of Utility 65
You Decide 66
What Are the Chances of That Happening? 67
Run for the Hills 67
Dragging an Anchor 68
I Could Lose How Much? 68
And Just When Would I Get That? 69
Everywhere, Biases 70
I Care about You 73
Our Evolving Thoughts 74
Notes 76
CHAPTER 7 The Human Reaction to Risk 79
The Perception of Risk 79
Processing Risk 83
Quantification as a Coping Mechanism 85
Looking to the Experts 86
Lessons for Governing our Organizations 87
Notes 87
CHAPTER 8 Social Amplification and Tipping Points 89
At the Threshold 90
Getting Tipsy 92
Walking on Air 94
Letting Out the Air 95
The Social Amplification of Risk 95
Case Study: The Madoff Affair 98
Probability and Impact Are Not Enough 99
The Real Impact 101
Notes 102
CHAPTER 9 The Role of Trust in Networks 103
How Do I Trust Thee? Let Me Count the Ways . . . 104
Embed with Trust 104
Trust Me and Do as I Say 105
If Only You'd Cooperate 108
Does Our Relationship Need to Be This Complex? 109
I Understand That You Need More Space 112
How Can I Ever Trust You Again? 112
Trust and the Potential of RiskManagement 114
Trust and Value 114
Notes 115
PART THREE Not Everything Is Dead in the Long Run
CHAPTER 10 Value Revisited 119
A RandomWalk across Midtown 119
Oh, the Possibilities 121
What's the Value of This Journey? 125
Utility Functions 127
Fat Tails, Utility, and Value 127
Parallels to Organizational Life in Systems 128
We're Positively Skewed! 129
Note 130
CHAPTER 11 The Role of Resiliency in Creating Value 131
Resilience 132
Brittleness 132
Single Points of Failure 132
The Path of a Problem 134
Threats to the System 137
Loss Avoidance Revisited 139
Becoming Resilient 140
Notes 141
CHAPTER 12 The Things That Motivate People 143
What Motivates Our Behavior within Organizations? 144
Do Incentives Even Work? 145
Management by Objectives 146
Darley's Law 147
Risk-Sensitive Foraging 150
Free Externalities 151
Management of the Commons 152
Notes 152
PART FOUR The King Is Dead
CHAPTER 13 The Governance of Risk 157
Risk and Risk Management 157
The Profession of Risk Management 159
Defending the Goal 161
Problems in the Box 162
A Regulation-Sized Goal? 164
Stress Tests, Scenario Analysis, and ANTs 165
Managing the Midfield 167
Setting Up the Offense 168
A Venture Capital View of the Organization 170
A Portfolio View of the Enterprise 171
Overall Governance of Our Organizations 174
Notes 174
CHAPTER 14 Networked and Distributive Governance 177
The Role of the Board 178
Principal-Agent Relationships 179
Key Duties of Board Members 180
The Carver Method 181
Ends and Means 181
Nested Policies 183
Board-Chief Executive Relationship 184
Extending the Model through Subsystems 186
Bringing in the Network 187
Corrupting Powers of a Unitary Board 188
People in Our NetworkWho Care about Us 189
Rolling It Out through the Organization 191
The Impact of Governance and Transparency on Trust and Value 192
The Integration of Networked and Distributive Models 193
Summary 195
Notes 195
CHAPTER 15 Economic Governance 197
Markets and/or Hierarchies 197
Cities, Organisms, and Organizations 200
Management of the Commons 202
Risk Capital as Commons 205
Bringing It Together 206
Notes 206
Conclusion: The Re-Governing Opportunity 209
Glossary 211
About the Author 219
Index 221
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