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risk

B-Schools Tackle Risk Management

Aaron F. Cooper II, a self-described worrywart, never thought his penchant for devising foolproof backup plans could translate into a calling. But that all changed when he signed up for an elective in risk management while at the University of Georgia’s Terry School of Business executive MBA program last fall. “It entails pretty much everything I’ve always been interested in my entire life, even before I knew risk management existed,” said Cooper, 27, a telecommunications engineer at AT&T (T).

Cooper is part of a new wave of students hitting business school campuses. For years, risk management—the process of analyzing exposure to risk and determining how best to handle it—occupied a sleepy corner in business schools, a subject mainly of interest to those who want to enter the insurance field. But with the recent turmoil in the financial markets and a push for more accountability, risk management has rocketed in status at business schools.

In the past decade, a growing number of B-schools have added concentrations in the subject, ramping up the number of classes they offer. Executive MBA programs are also incorporating risk management electives into their curriculum, responding to increased demand from executives and companies. In some instances, schools such as Georgia’s Terry are developing custom programs on the topic for top executives and boards of directors.

More : businessweek.com

Saturday presentations. (Academy of Sciences of Georgia)

9:00 investigation of the cell wall STRUCTURE simplicity of chlorophyll and extraction in the SUB-AERIAL micro-algae, ** * J. Griner, J. Trull, and YES Nienow, Valdosta State University in Valdosta GA 31698th Subaerial algae are a heterogeneous group of micro-organisms that can survive on land in environments where liquid water is rare. The physiological adaptations, with whom they live in these environments are not clear. Two important factors likely to be encouraged. First, many have subaerial algae cell walls hydrophobic, a fact which seems to contradict around the water quickly. Secondly, the chlorophyll is difficult to extract many subaerial algae with standard methods. We want to know if these two characteristics are correlated simultaneously by different strains of subaerial test for algae and cyanobacteria and Hydro phobia simple extraction of chlorophyll. To determine Hydrophobic, we agree with the standard microbiological compliance hydrocarbons (MATH) method in cells buffer are mixed vigorously in the presence of Hexadecane. Hydrophobic cells, as these droplets Hexadecane and remain at the top of phase. The degree of compliance with photometry. The chlorophyll is extracted with cold acetone (the default method) or hot, followed by DMSO cold acetone. The amount of chlorophyll in the extract is default equations. Our preliminary results indicate that the extract of hot DMSO may contain more than twenty times the amount of chlorophyll subaerial some algae extracts can be cold acetone.

9:15 phip DNA damage induced and the inhibitory effect NAC and GHS. * Ashok Jain, Department of Natural Sciences, Albany State University in Albany, Georgia. Breast cancer is the second leading cause of death of cancer cases among women. There are lots of chemicals from the environment, which estrogenic and are of the opinion that compared with an increased risk of developing breast cancer. The supply of high-industrialized nations like the USA, is strong meat. However, the Asian diet is made up of more fruits, vegetables and soy products. Heterozyklische Amine (HCAs), where the beef products such as meat, chicken, pork and fish are cooked at high temperatures. These carcinogenic amines have been identified as important and are regarded as risk factors for cancer-Initiation. 2-l-amino-6-methyl-phenylimidazol [4, 5-b] pyridine (phip) is the most common HCA found well done and grilled meat, therefore the objective of this study was to analyse the positive impact of antioxidants, fruits and vegetables to prevent the toxic effects of phip. The culture of epithelial cells breast cells (MCF 10A) was launched and phip for 3 hours. After treatment cells were harvested and DNA strands has been quantified failures by measuring the average olive tail movement following each cell gel electrophoresis (test comets). To study a possible role of antioxidants in protecting phip toxicity, the capacity of the three anti-oxidants (ascorbic acid [ASA - 10mm], Glutthione [GHS - 10mm], and N-acetyl-cysteine [NAC - 10mm]) , Were discussed. GHS and NAC show protective effect of cells MCF 10A of the tail olive movement was briefly, indicating GHS and NAC are able to repair the breaks strands of DNA. On the other hand, ASA is not a protective effect of cells MCF 10A. Other studies in this area, identify interactions genotoxicity / heterozyklische amines and carcinogenic effects of chemopreventive to food supplements

India did not need to create jobs search

Lauding nine students from the Indian Institute of Management, Lucknow, (IIM-L) for rejecting lucrative offers to establish their own business venture, president of Hero Honda Motors Limited, Brijmohan Lall Munjal, said today Today that the country needs entrepreneurs, can create jobs and not as a job search.

The problem of 20 IIM-L convocation on Saturday Munjal said: “I am pleased to note that graduates have the entrepreneurial spirit. It is a time of life, whether a person may be at risk. ”

He hailed the success Jaya Jha 2006 to show the courage to go their own start-up and called upon all the opportunity to give their Ovation a constant. “Believe me, one day you deliver the convocation address as I do today,” he said.

Sharing his experience, Munjal said, there is no alternative to hard work and humility was the largest under one person. He expressed appreciation that the journey was more important than the result.

Professor of Practice Management at London Business School.

Performance measurement has a bad press recently. Do you believe that this is justified?

The subject is rarely messages, but, like most things, but rather of publicity when things go wrong. With such a focus on performance, it is very important, so that things correctly. We have to distinguish between the poor and pool. League tables Take, for example, they are potentially worth in order to identify good performance, but some are of low value and should be derailed. Others are useful, but not pressure, (which can mean that the effort to improve, instead of storing the underlying performance) can lead to distortions decision-making. The focus should be on improving reporting and control over the management accountant should be able to make an important contribution. But there are certainly reasons for optimism. After all, performance measurement, not only to problems in the development and use appropriate measures, but also creates opportunities for greater competition.

So, we now have a number of measures, many of which not enough. The next mission, presumably, is that more demanding.

If businesses and organizations to be “discovered”, measuring performance, they tend to many actions with great enthusiasm and, in general, at the end of several companies, which are quite genuine. They need to move and to improve what they already have. This requires a combination of management skills. It is undoubtedly a good sign for good governance.

What are you?

Measuring range for the measurement does not want, what counts is performance. I am not in search of more than propose measures, but to improve what we already have. To do this, I am tempted to end the process of preparing and measures. If companies on their performance, so far wrong, the risk of making bad decisions on key decisions, because they do not have the right information. Stringent measures to undermine all other work for the good management. On the other hand, the right information allows ordered their priorities, so that they know where the use of limited resources and can define their goals. With the help of information and assistance to make the most of the human being to achieve the objectives of the organization.

This is a brand new area. This looks like a real challenge.

I signed up on the work of the cash remained for three years, then for 11 Now that I am retired, and then again full-time at the London Business School, I am quite enjoying a new orientation of the work on this difficult but fascinating subject.

You come from a document on the financing of the function and role of the Chief Financial Officer. What are the most important aspects of this research?

He acknowledged that the financial statements, professionals, if we can measure how their own performance and that of their duties, we must be aware that others facing similar problems. Where are there common problems, it is possible to find common solutions. In my function in the latest edition of the FM ( “Your Worth weight in gold,” December / January 2004/05), I tried to show what could be. Where the CFO’s offer, I have a number of roles: the expert, head of the office of member of the board or the management team high: man, and looks at the funding of outside suppliers. proposed I that the performance criteria should be defined for each role, on the basis of a number of comparisons.

Are you following this?

I am now a measure of the success of human resources and the HR function director. I will probably go to other areas: law, marketing, information technology and procurement. I will speak to professional associations and to discuss the results with field players.

Is that your main concern?

No. My job consists of three components: the organization as a whole, the activities of the organization and the relationship between performance and salary. The study of the functions and the people who lead them, as part of the second section. In the first area, I am looking, such as organizations to define success - including whether Shareholder Value is the only model for enterprise - and alternatives to conventional financial models. I am also in favour of “very good” and “world-class”, and what should be considered whenever he tries to be. In the third section, I am going on the relationship between performance and remuneration. Here, I will work backwards in the measurement of performance to pay, rather than (as usual), vice versa.

If all these investigations, on the private sector?

At this moment. This means that work on the success of the organization as a whole and the link between performance and compensation limited. Public institutions have different purposes and are subject to various constraints, all models should be adapted. But the work of the oil activities and processes is, I hope, will for the most part in the public sector, because there is much less to make a distinction between the different sectors.

Some have questioned whether it is possible to measure the real estate to an organization’s success.

It can be difficult, but certainly exploitation of an organization must be wondering. Just outside may also, the judgments of success if the organisation, whether it wants to or not. As in the case of the link between performance and pay, I work backwards from a necessity, a response to the issue, to see if we can find an answer. What I have found so far is that, while you can not always find a good answer, you can always ask for a really interesting pair. Financial and non-financial data must be combined, as the retrospective and forward-looking reports, data, comparisons with other, wherever possible. All figures are, of course, is not a magic answer. The judgments are inevitable, and it is of vital importance for a good comment. Again, the auditors management have much to offer. I am delighted to participate in the discussion of ideas with colleagues.

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