Title:
Governance reimagined : organizational design, risk, and value creation
Author:
Koenig, David R., 1962-
ISBN:
9780470598788
Personal Author:
Publication Information:
Hoboken, N.J. : John Wiley & Sons, ©2012.
Physical Description:
xxii, 234 p. : ill. ; 24 cm.
Series:
Wiley finance series
Contents:
Machine generated contents note: Sources of Wealth -- Perceptions Matter -- Keep Doing What You Do... -- And Keep Doing It Well! -- ch. 1 Understanding Value, Values, and Veto Creation -- How Much Is that Duck in the Window? -- Are We Acting on Our Beliefs? -- Economics and the Creation of Value -- Only One Equation, I Promise -- Notes -- ch. 2 Systems and Networks in Our Lives -- Secret Agents -- Systems Theory -- Network Theory -- Notes -- ch. 3 The Dynamics of Self-Organizing Groups -- From Small, Unconnected Beginnings -- Hops, Skips, Jumps, and Luck -- Risk, Success, and Failure -- The Game of Evolution -- The Meaning for Organizations -- Notes -- ch. 4 The Emergence of Complexity Economics -- Two Schools in Conflict -- What's Wrong with Traditional Economics? -- Building an Economy -- The Bounds of Rationality -- Not so Timely or Stable -- The Role of Networks, Evolution, and Social Interaction -- What's Next? -- Notes --
Contents note continued: ch. 5 The Enterprise and Those Who Influence Its Value -- Keystones, Value, and Systems -- The Organization's Social Network -- Customers -- Investors -- Executive Leadership, Employees, and Contract Workers -- Board of Directors -- Suppliers -- Creditors -- Regulators -- Analysts -- Retirees -- Case Study: Iceland and the Credit Crisis -- How We Look Affects Our Value -- Notes -- ch. 6 Our Human Behavior -- Voices in Behavioral Economics -- The Value of Utility -- You Decide -- What Are the Chances of That Happening? -- Run for the Hills -- Dragging an Anchor -- I Could Lose How Much? -- And Just When Would I Get That? -- Everywhere, Biases -- I Care about You -- Our Evolving Thoughts -- Notes -- ch. 7 The Human Reaction to Risk -- The Perception of Risk -- Processing Risk -- Quantification as a Coping Mechanism -- Looking to the Experts -- Lessons for Governing our Organizations -- Notes -- ch. 8 Social Amplification and Tipping Points --
Contents note continued: At the Threshold -- Getting Tipsy -- Walking on Air -- Letting Out the Air -- The Social Amplification of Risk -- Case Study: The Madoff Affair -- Probability and Impact Are Not Enough -- The Real Impact -- Notes -- ch. 9 The Role of Trust in Networks -- How Do I Trust Thee? Let Me Count the Ways -- Embed with Trust -- Trust Me and Do as I Say -- If Only You'd Cooperate -- Does Our Relationship Need to Be This Complex? -- I Understand That You Need More Space -- How Can I Ever Trust You Again? -- Trust and the Potential of Risk Management -- Trust and Value -- Notes -- ch. 10 Value Revisited -- A Random Walk across Midtown -- Oh, the Possibilities -- What's the Value of This Journey? -- Utility Functions -- Fat Tails, Utility, and Value -- Parallels to Organizational Life in Systems -- We're Positively Skewed! -- Note -- The Role of Resiliency in Creating Value -- Resilience -- Brittleness -- Single Points of Failure -- The Path of a Problem --
Contents note continued: Threats to the System -- Loss Avoidance Revisited -- Becoming Resilient -- Notes -- ch. 12 The Things That Motivate People -- What Motivates Our Behavior within Organizations? -- Do Incentives Even Work? -- Management by Objectives -- Darley's Law -- Risk-Sensitive Foraging -- Free Externalities -- Management of the Commons -- Notes -- ch. 13 The Governance of Risk -- Risk and Risk Management -- The Profession of Risk Management -- Defending the Goal -- Problems in the Box -- A Regulation-Sized Goal? -- Stress Tests, Scenario Analysis, and ANTs -- Managing the Midfield -- Setting Up the Offense -- A Venture Capital View of the. Organization -- A Portfolio View of the Enterprise -- Overall Governance of Our Organizations -- Notes -- ch. 14 Networked and Distributive Governance -- The Role of the Board -- Principal-Agent Relationships -- Key Duties of Board Members -- The Carver Method -- Ends and Means -- Nested Policies --
Contents note continued: Board-Chief Executive Relationship -- Extending the Model through Subsystems -- Bringing in the Network -- Corrupting Powers of a Unitary Board -- People in Our Network Who Care about Us -- Rolling It Out through the Organization -- The Impact of Governance and Transparency on Trust and Value -- The Integration of Networked and Distributive Models -- Summary -- Notes -- ch. 15 Economic Governance -- Markets and/or Hierarchies -- Cities, Organisms, and Organizations -- Management of the Commons -- Risk Capital as Commons -- Bringing It Together -- Notes.
Abstract:
Under the right circumstances, self-organized groups of people can do amazing things. We can create products and services that never existed before as well as invent new and better ways of performing both simple and complex tasks. Whether in for-profit or nonprofit organizations, in political economies or informal associations, given the right setting, we can create things that are of substantial value to others, while also creating value for ourselves. --
But in order to create things, we must be willing to take risks. Governance Reimagined offers one of the most detailed looks at a new way to govern effectively the interactions of organizations that take risks in the pursuit of value. --
Written by David Koenigùan internationally recognized expert on governance practices and risk managementùthis book brings together a highly diverse set of ideas to put governance in a new perspective. Divided into four comprehensive parts, this reliable resource walks you through the surprising ways that value is created; the role that perceptions, behavior, and group dynamics play in the success of your organization; and the steps to take in designing the right governance framework to enable any organization to generate the most value from the initiative that caused it to form in the first place. --
With this book as your guide, you'll gain essential answers to some tough questions, including: --
-What do we know about the governance of complex systems that can help us realize the potential of groups and avoid the complexity collapse that so many large organizations experience? --
-Can governance structures be designed to address the varying needs and beliefs of those whose perceptions of us are critical to our organization's success? --
-How does viewing risk as a "commons," in a networked and distributive environment of governance, allow organizations to deliver more utility and live longer? --
-What is the role of trust in what we do, and what is its specific impact on how systems create value? --
Once you establish an environment in which people can create things that are of value to others outside of your organization, while also creating value for those on the inside, you've succeeded. --
Governance Reimagined skillfully outlines a practical, and innovative, approach that will help you achieve this elusive goal. Written for directors, corporate executives, elected officials, regulators, students, and those involved in the governance of risk-taking at all types of organizations, there is no other book quite like it. --Book Jacket.