Governance reimagined : organizational design, risk, and value creation

著者

    • Koenig, David R.

書誌事項

Governance reimagined : organizational design, risk, and value creation

David R. Koenig

(Wiley finance series)

John Wiley & Sons, c2012

  • : cloth

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注記

Includes bibliographical references and index

内容説明・目次

内容説明

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.

目次

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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