...When advising a client on any strategic matter, it is extremely important that the client is aware of not only all possible options, but also all implications related to the industry as a whole and possible reactions from competitors as well. Game Theory is a perfect tool for consultants to utilize the prior mentioned belief and it also supports the hierarchy of consulting that we discussed the first day of class. The first step in the hierarchy of consulting purposes is Providing Information to a Client. Game Theory does this perfectly because it assesses all possible options that the client can do, and then goes even further as to provide all the possible reactions competitors will make in regards to the initial action of the client. Through problem formulation and model building, this provides an ample amount of information to the client. Moving forward, the next step in the hierarchy of consulting is Solving a Client’s Problems, which is much easier said than done. When game theorists provide intuition for the likely outcome of strategic exchanges, they make sure that all possible payoffs and interactions are properly accounted for. This analysis is the basis for giving the client tangible strategies with expected values of each listed decision. The next six objectives in the hierarchy of consulting (Making a diagnosis, Making recommendations based off the diagnosis, Assisting with implementation, Building a consensus and commitment around corrective actions, facilitating...
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...Advisory Boards In almost all type of business situations the creation of an advisory board working along with a governance board can add tremendous value to an organization. A governance board of an organization is responsible of all activity, ensuring the success of the agency while setting objectives that reflect the interest of the owners. They are ultimately responsible for everything within the organization. The decision to create an advisory board is to deliver more support and direction to both the governance board and to the organization’s staff. They do not have the same responsibility of ensuring the well-being of an organization, but can be beneficial in applying outside objectivity to all types of different situations concerning an organization. In developing advisory boards and creating relationship amongst the governance board or the CEO can be a really added value, it can help the organization by; * Outside Sources Brings New Ideas: A governance board or CEO benefits by hearing different viewpoints and possibilities of how to expand their organization. When a group such as a governance board works together they may tend to think alike and not look at different avenues to proceed. * Receiving Advice from others with Specific Knowledge: An advisory board can be chosen for their specific knowledge in areas that the board or CEO does not have that specific information and can therefore help the organization make better decisions for their organizations...
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...Impact of Investment Advisory Phases Client Consultation Through our client consultation with Jon Dentley, CEO of Asset Custody for Northern Trust, we have learned as professional financial advisors that it is important to meet our clients’ financial needs. By understanding our client’s goals and recommending solutions, we communicated our financial advice and offered valuable insight into the factors that affected the economy and the stock market. Our client understood exactly what our intentions were and what our strategy would be by creating a prospectus. Sweet Advisors built a trustful relationship through investment decisions that helped progress towards the Northern Trust’s objectives. Northern Trust Corporation was founded in Chicago in 1889 and is a leading provider of wealth management and asset servicing. At fiscal year-end 12/31/14, Northern Trust had assets under $6 trillion, and assets under management of $934 billion, and has been in business for over 125 years. The initial walk-through involved Mr. Bentley expressing his concern over finding a new investment management firm. Having a surplus of cash assets helped him to diminish almost all the risk in letting us handle a $1,000,000 portfolio of assets for a one year contract in which we must provide a total portfolio return of 5% outside inflation. Through effective communication and listening skills, Sweet Advisors chose a low volatility portfolio with a more conservative asset preservation and steady level...
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...Music censorship began its journey in the early 1950’s with the “controversial” music of Blacks during the time period. It has then evolved from a form of racism to a method of suppression. It touches all major genres, but is most commonly issues with both rap and rock music. Major groups such as the Record Industry Association of America (RIAA) have been formed to try and monitor the lyrical messages that are expressed in songs. The RIAA is not out to completely censor music, but to advise buyers of the messages they may be listening to on a certain album. Then there is the party that feels censorship at any level shall not be present. It is suppressing one’s First Amendment rights in freedom of expression and also suppresses an artist abilities to fully paint a vivid picture with their lyrics to the audience. The last group believes that censorship is a must, and that any songs that carry the censored material shall be taken off of the shelves. That specific group believes that contaminating society with explicit lyrics should not reward artists. The side that believes censorship of music should not exist at all states that music is a form of art. Many tend to separate music from forms of art, such as paintings and poetry. However, the lyrics in the music are an art form as well, and they cannot restrict that due in part to the First Amendment. It is part of our Bill of Rights as American citizens, and no governing powers can take that away from us. Also, society favors contemporary...
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...with Jay Treaty and The Hague Peace Conferences and the Permanent Court of Arbitration (PCA) in 1899. (http://www.icj-cij.org) According to EBSCO (2010); “the court was empowered to render judgments in disputes between states that were voluntarily submitted to it and to give advisory opinions in any matters referred to it by the Council or the Assembly of the League.” The Court contains fifteen judges nominated by the General Assembly and the Security Council and they serve a period of nine years but can be reelected each judge should be from a different state. Nine of those judges represent a quorum. The ICJ is able to make its own rules. Cases can be brought before the ICJ by all members of the UN. A special agreement is required by the two parties or one party can only send a written application to the registrar. After that, The ICJ can choose to hear witnesses or to hire investigators to report back on the case. (International Court of Justice, 2002) The only resemblance I can find between the International Court of Justice and any US court is the fact that they are both based on evidence and are based on disputes and negotiates by using justice and legal procedures to resolve cases. An advisory opinion is a request by a party to a court in order to legalize a proposed legislation or conduct and it is usually issued in the absence of the...
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...NYU Wasserman Center Graduate Student Advisory Board Fall 2014-Spring 2015 Application The Wasserman Center is in search of outstanding graduate (Master’s and PhD) student volunteers to join the Graduate Student Advisory Board! This student advisory board partners directly with the Wasserman team to address the career goals and needs of graduate students across the university. As a volunteer board member, your efforts will be dedicated to enhancing graduate student professional development. You will be able to share specific insights about your graduate program and find opportunities for the Wasserman Center to support career-related events within your department. What are the benefits? • Leadership experience and the ability to use your talents to make a difference with your peers • Partner directly with the Wasserman team on marketing strategies, workshop/seminar creation, and event planning What are the requirements? • Enrolled in a Master’s or PhD program with a graduation date of May 2015 or later • Commitment to be a board member for at least two semesters (Fall 2014 and Spring 2015) • Attend at least two board meetings each semester. Meetings are held on the first Friday of each month from 12:00-1:00 pm. Unless otherwise noted, meetings take place in Conference Room A, Wasserman Center, 133 East 13th Street, 2nd Floor. o Friday, October 3 (Location TBD) o Friday, November 7 o Friday, December 5 ...
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...EU insurance and occupational pension authority is a regulatory institution that was founded in jan 2011 with headquartier in Frankfurt am Mein. EIOPA replaced committee of European insurance and occupational pensions supervisors. During the fin crisis in 2007-8 the parliament called for a move towards more integrated EU supervision in case to be ensured a real level playing field for all actors at the range of the EU and to reflect the growth of fin.markets in the EU. As the result, the frameworks of the supervisory authorities became stronger to the risk rejection. The CORE responsibilities of EIOPA are the fin. System stability markets, fin products transparency, insurance policy holder protection. We can meet EIOPA in such fields as insurance, reinsurance, audit and etc. thus, the Authority through its actions have to be ensure the effective and consistent application of acts. The MAJOR GOALS are: - consumer protection and fin. System trust rebuilding; - coordinated EU supervisory response promotion; - coherent application of rules for markets and fin. Institutions across the EU. TO ACHIEVE THE GOALS authority granted the power to develop draft technical standards, regulatory and implementing issue recommendations and handbook guidelines to make decisions individually which address to authorities who are competent or to the fin.institutions. STRUCTURE 1. The major body that makes decision in the EIOPA is the BOARD of DIRECTORS which is composed with nonvoting and...
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...IT’S THE CHEESE – Real California Cheese ® “Great Cheese Comes From Happy Cows”… and happy farmers: The California Milk Advisory Board’s marketing and strategic planning success story. The actions of the California dairy industry over the past 20-plus years exemplify how an industry’s long term prospects can be dramatically transformed by 1) a well done strategic plan at a critical juncture; 2) solid ensuing marketing strategies and tactics that are creatively and consistently executed over time; and 3) additions to infrastructure (both production capacity and knowledge dissemination programs) that support the strategic plan. The many noteworthy aspects of the Real California Cheese (RCC) program include: • • • • • The research that went into development of the long-term strategy How well the tactics implemented the strategy The thoroughness of the plans and pervasive attention to detail The consistency of execution over an extensive period of time The stellar long-term results The Strategic Plan 1 In 1982, faced with declining fluid milk consumption and a surplus of milk at the farm level, the California Milk Advisory Board (CMAB), a promotional board that is an instrumentality of the California Department of Food & Agriculture and represents all California dairy families, hired the Stanford Research Institute (SRI) to conduct a comprehensive analysis of the growth options for the California dairy industry. The CMAB executes generic promotional programs for all California...
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...Key disclosure documents- Financial Service Guide (FSG), Statement of Advice (SOA), Product Disclosure Statement (PDS) Disclosure requirements are designed to promote informed decision making by both advisers and investors. In the context of financial services disclosure documents, the aim is to enable investors to compare and make informed choices relating to financial products. Chapter 7 of the Corporations act 2001 institutes that a FSG must be given to a retail client who has been provided with a financial service while a SOA must be given to a retail client provided with personal advice and a PDS should be given to a retail client before he acquires the financial prouct. An FSG is required to be given to a client in the provision of general or personal financial product advice. The purpose of a FSG is to enable clients to make an informed decision as to whether to obtain financial services from a particular provider. The level of detail required in the FSG is what would reasonably be required by a person to empower him to make an informed decision. It is imperative that the FSG is worded and presented in a clear, concise and effective manner and must not contain information or statements that are misleading or deceptive S942B(6A). Whenever financial services are provided, financial service providers have an obligation to give retail client an FSG. Circumstances which does not warrant a FSG include – when a client is not a retail client, when there’s an absence...
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...Essay by Anne Louise Carter: Frank H. Peterson Academies of Technology Why I Want to be a Part of the Mayor’s Young Leaders Advisory Council Serving on the Mayor’s Young Leaders Advisory Council (MYLAC) would present me with several unique opportunities at the same time. Being on this council would allow me to get more experience being a leader among my peers, as well as an unparalleled way to learn more about my city government. These are the reasons I would like to participate in the Mayor’s Yong Leaders Advisory Council. I enjoy the challenge of leadership situations. While attending Mayport Costal Sciences’ Middle School, I held the office of parliamentarian in the School’s FFA Chapter. As the Parliamentarian, I was expected to lead by example and implement parliamentary procedure that helped the chapter function in an organized manner. This experience introduced me to the value of community service and civic duty. Our chapter facilitated the...
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...Dimensional Fund Advisory was an investment firm composed of small stocks. This firm believed in the efficient market theory. They believed in diversification to reduce firm specific risk, but they did not rely on indexing or passive investment. They believed in the “small stock effect”: small stocks provide greater returns than large stocks for the same amount of volatility. Their strategy was to invest in small cap stocks based on deciles. They started with the “DFA 9-10 Strategy”, in which they invested in companies chosen from the 9th and 10th deciles of the NYSE, the American Stock Exchange and the NASDAQ. Later, they added the “DFA 6-10 Strategy” and the “DFA 6-7-8 Strategy”. The implemented an active strategy by searching for attractive purchases. They screened stocks. They looked for impatient or desperate sellers. They rejected stocks that were expected to divulge news soon. They questioned themselves about the seller and the nature of the sells. Once they ensured that sellers were not selling because they had adverse information or negative private information about the stock, they then negotiated for a good price. DFA had an additional competitive advantage by creating trading efficiencies to reduce transaction cost. They charged an active management fee that was higher than passive management fees, but smaller than what the average active manager charges. It was part of their core beliefs to offer low transaction costs. They traded in blocks to extract a discount...
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...Labor standards | DOLE ADVISORY No. 02 series of 2004 | Memory Aid | | Implementation of Compressed Workweek Schemes I. Purpose and Coverage Coverage: Those who choose to opt to adopt a Compressed Work Week (CWW) Scheme Exceptions: a. Construction industry b. Health services c. Heavy manual labor d. Occupations exposed to: i. Airborne contaminants ii. Human carcinogens iii. Substances, chemicals or noise that exceed threshold limit values or tolerance levels for an 8 hour workday – prescribed by the Occupational Safety and Health Standards (OSHS) II. Objectives: a. Promote business competitiveness and productivity by lowering operating costs and work – related expenses b. Give employers and workers flexibility in fixing hours of work compatible with business requirements and employee’s need for a balanced work life c. Ensure safety and health of employees III. CONCEPT AND DEFINITION Normal Work hours - Eight (8) hours per day Overtime Work – Work beyond 8 hours provided that employee is paid for such work Normal number of workdays per week – Six (6) days NB: Without prejudice to firms whose workweek is 5 days only Compressed Work Week (CWW) Scheme – alternative arrangement where normal workweek is reduced to less than 6 days but the total number of normal work hours per week shall remain at 48 hours. NOTE: In effect, the normal workday is increased to more than 8 hours but it does not have...
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...50 Great Advisory Ideas... Jaynellen Behre-Jenkins, Jim Burns, J. Thomas Kane Scheduling: 1. Team Based Advisory. 2. Coupling homeroom time and advisory time to gain extra minutes in your day for Advisory. 3. Advisory Length 25-30 minutes. 4. Advisor to Advisee ratio = 12 to 15. 5. Adding Encore Team members to help reduce size of Advisory Groups. 6. Previous grade level teams to develop Advisory Groups. 50 Great Advisory Ideas... Jaynellen Behre-Jenkins, Jim Burns, J. Thomas Kane Championing Advisory by Building School/Community Support 7. Begin parent introduction to Advisory with middle school orientation activities. 8. Demo Advisory Activities with parent groups like the PTA. 9. Share Advisory theme topics in principal newsletters. 10. Utilize Advisory time to address follow up topics related to school/community events. 11. Principal demo Advisory activities at faculty meetings. 12. Inclusion of Advisory training in new teacher orientation activities. 13. Principal to send Advisory ideas to faculty via email and notes in mailboxes. 14. Begin Back to School Night for Parents in Advisory. 15. Maintaining a Professional Shelf which address Middle Level and Young Adolescent themes. 50 Great Advisory Ideas Jaynellen Behre-Jenkins, Jim Burns, J. Thomas Kane Tried and True Activities for Advisory Groups Icebreakers for People and Topics 16. Birthday Line Up....students line up in order...
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...market advisory service in South CarolinaLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service in South CarolinaLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service in South CarolinaLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service in South CarolinaLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service in South CarolinaLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service in South CarolinaLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service in South CarolinaLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service in South CarolinaLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service in South CarolinaLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service in South CarolinavLisa Rae Bock started Bock Investment Services (BIS) in 1994 with the goal of making BIS the leading money market advisory service...
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...Executive Committee (EC) is responsible for the governance and structure of the _____ and all Boards and Committees established within its organization. The Executive Committee will be comprised of the Chief of the _____, the Director of the _____, the Chief of _____, and the elected Advisory Board Chairperson. . The Executive Committee will also be responsible for identification, qualification and promotion of funding priorities to support the _____ goals. Advisory Board The _____ Advisory Board (_____AB) will consist of 10 – 15 members. Term of membership will be for three years, renewable for up to two terms. Chairperson will be nominated and elected by the Advisory Board. The Advisory Board will also appoint members to chair Committees. Nominations for Advisory Board and Committee membership will be approved unanimously by the _____ Executive Board and by at least a two-thirds vote of the Advisory Board. Management Board The Management Board (MB) will consist of key administrative personnel from each group and the Development Office liaison(s). The Management Board is responsible for directing, communicating, and coordination of initiatives’ established by the Executive or Advisory Boards. The Development Office liaison will head this planning and will consult and communicate their efforts with each Administrator. Administrators will work closely with Development Office liaison to offer advice, assistance or to request services. The Development Office liaison...
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