"China and the New World Order: How Entrepreneurship,Globalization, and Borderless Business Are Reshaping China and the World"
Average customer rating: 5 out of 5 stars
  • Cooking With the Iron Rice Bowl
  • The most important book I read in the last 5 years
  • Is a new world order in the making?...It might just happen.
  • Insightful and Intelligent
  • Prepare for the Dragon Market - Winston Ma, Author of "Investing in China: New Opportunities in a Transforming Stock Market
"China and the New World Order: How Entrepreneurship,Globalization, and Borderless Business Are Reshaping China and the World"
George, Zhibin Gu
Manufacturer: Fultus Corporation
ProductGroup: Book
Binding: Paperback

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EntrepreneurshipEntrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
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ASIN: 1596821078

Book Description

China is the world's number-one growth story now. But how is it that China has achieved such quick growth in this era? How is it that made-in-China products can flood the globe? Is a trade war going to happen? Or is a new world order in the making? This second volume of a trilogy-by Chinese journalist/consultant George Zhibin Gu-aims to answer these questions and more.

Today, more than a half-million overseas companies conduct business inside China. Learn about all the opportunities this exploding market presents, including banking, insurance, and stock market, as well as the yuan and trade and cross-border business issues. Moreover, it contains extensive studies on China's political-economic reform as well as evolving international relations.

This volume addresses eight key topics:

I. China's New Role in the World Development
II. The Yuan, Trade, and Investment
III. China's Fast-Changing Society, Politics, and Economy (in light of Chinese and global history)
IV. China's Banking, Insurance, and Stock Market Reforms
V. Chinese Multinationals vs. Global Giants
VI. The Taiwan Issue: Current Affairs and Trends (federation as an alternate way for unity)
VII. India vs. China: Moving Ahead at the Same Time
VIII. The Japan-China Issue: Evolving Relations in Light of History

Today, all nations increasingly rely on one another for development, a trend that will only strengthen as time passes. As a saying goes, "The future is being shaped today." This book will appeal to readers everywhere regardless of their particular interests.

Customer Reviews:

5 out of 5 stars Cooking With the Iron Rice Bowl.......2007-03-27

Part reference, part musing, part insightful and timely analysis, George Zhibin Gu's latest book "China and the New World Order: How Entrepreneurship, Globalization, and Borderless Business are Reshaping China and the World" is a welcome and refreshing read among the endless new titles printed on China today.

Picking up on a focus of his previous book "China's Global Reach...," Gu goes further and identifies the chief impediment to China's latest and perhaps most difficult transition as the Chinese state itself. Gu reveals the seemingly historical inevitability of China's vast government apparatus but explains that Communist Party bureaucracy is unique in Chinese experience in the size and scope of its all-encompassing control.

In topics relative to today's readers Gu ably demonstrates through the book that changes in China come from the revived entrepreneurial instinct of the Chinese. Along with huge foreign investment China's ever-growing private sector is the outside influence that is challenging Chinese bureaucracy as never before. But while the Chinese people struggle to create a law-based society and break the bureaucracy's grip on all aspects of economic life, the Chinese state seeks an equal footing among world national powers.

"China and the New World Order" is nicely segmented into short but highly relevant chapters. As in his earlier works Gu deftly examines the pros and cons of numerous hot-button issues on China. For example he takes on the Taiwan - China knot and proposes an interesting solution, a federation or federal system as a means toward meaningful (and mutually beneficial) reunification although his federal system shares more similarity to a commonwealth in the opinion of this reviewer. Gu's look at delicate state of Japan and China relations reveals that Japan remains as apprehensive over Chinese growth and potential as it was in the past. In examining the India versus China debate Gu shows that there is far less competition (as Western press prefers to portray it) and more similarities between the two giants of Asia.

There is plenty of current information here and the detailed contents and summaries make the book a good quick reference for anyone with an interest in what's happening right now in China. And there are goodies such as a lengthy interview with Mark Mobius and a foreword by Hoover Institute fellow William Ratliff.

At one point in his analysis, Gu intriguingly compares the struggle in China to the old European church-state alliance. With that view in mind, what may be needed next and with luck what Chinese entrepreneurs may succeed in bringing is a Chinese "Glorious Revolution."

5 out of 5 stars The most important book I read in the last 5 years.......2006-12-25

This new book from Dr. George Zhibin Gu is a geo-economics and geopolitical masterpiece from an insider, someone that thrives his consulting work and daily life inside China, not writing or comment from a comfortable chair in London or New York paid by a western think tank, or only for academic proposals. His challenge is to write for a broad audience out of China. I must refer his clever suggestions about Taiwan - a political proposal for a a federation - and the way he sees the go global from Chinese emergent multinationals. It is needed a lot of courage for an insider to be so clear in his proposals and to identify the old Chinese problem - bureaucracy, the same that stopped admiral Cheng Ho and the Discoveries in the XV Century, that closed China for so many centuries and gave an opportunity for foreign powers to humiliate China, hyper-bureaucracy that in the Mao period pulled China for chaos and economic and social distress. China and the New World Order is a must reading. Jorge Nascimento Rodrigues, editor of www.gurusonline.tv and translator of Made in China (published in Portuguese language).

4 out of 5 stars Is a new world order in the making?...It might just happen........2006-12-15

Base on the number of book in relation to this matter so far I believe that no one has come close to capturing "new China's" spirit and meaning as Gu. After reading his second volume I found it to be hugely insightful on the current events of China and global affairs. It greatly explores the key factors that shape Chinese and global development in the next stages. It gives tremendous info and analysis on the Chinese government, politics, business and economy for any one's interest.

There's a huge amount of info on foreign businesses inside China. You will be able to see about twenty five American and global multinationals inside of China that are studied. In the meantime it gives us a very provocative analysis on China's new role in the world. Gu details this general picture of how China is walking away from a practical society and embracing an open, restless and dynamic society. It claims that an overextended, self-appointed bureaucracy remains the key problem for China. To overcome countless technical barriers, greater openness, entrepreneurship and global involvement is all needed. Again, it's very insightful on the issues between China, Taiwan, Japan, India and West. I will add that his analyses on Japan-China line up are very interesting as well as Taiwan. There' a tremendous amount of info and analysis on China's financial, banking, insurance and stock market.

Author George Zhibin Gu is a very outspoken and a well known Chinese journalist who has generally covered mergers and acquisitions, capital activities, business expansion, and restructuring. He's an insider who gives us scrupulous examination on current China and global affairs which is more than a reason why you should grab hold to this book.

5 out of 5 stars Insightful and Intelligent.......2006-12-11

George Gu provides a depth of understanding that distinguishes his work from most other business books. His wide network of contacts gives insight into emerging trends. He provides useful context that western authors often lack and Chinese authors frequently take for granted.

5 out of 5 stars Prepare for the Dragon Market - Winston Ma, Author of "Investing in China: New Opportunities in a Transforming Stock Market.......2006-11-07

For the international investor community, "Investing in China" in the new century is more or less a one-way investment and capital flow. Mr. Gu's book, however, looks one step further to explore how all these interactions would reshape the global horizon, both for China and the rest of the world.

In fact, China's outward influence is increasingly obvious. For instance, whether China would diversify its foreign currency reserve -- and consequently whether China will enter into the gold market to hedge its US dollar exposure -- has profound implications in the global financial markets.

Comparing to many other books on China, Mr. Gu's book has a truly "authentic Chinese" flavor. The reason is obvious: He is an INSIDER. As a native Chinese, he captures the spirit of China's latest developments in its not-too-short historic context.
Infrisk: A Computer Simulation for Risk Management in Infrastructure Project Finance
Average customer rating: Not rated
    Infrisk: A Computer Simulation for Risk Management in Infrastructure Project Finance

    Manufacturer: World Bank Publications
    ProductGroup: Book
    Binding: CD-ROM

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    ASIN: 0821345702
    Head, Heart and Guts: How the World's Best Companies Develop Complete Leaders
    Average customer rating: 4.5 out of 5 stars
    • Compelling case for leaders with a soft side
    • Authentic Leadership
    • Great!
    • A Willingness to Put One's Beliefs on the Line!
    • Developing a whole leadership style
    Head, Heart and Guts: How the World's Best Companies Develop Complete Leaders
    David L., PhD Dotlich , Peter C., PhD Cairo , and Stephen Rhinesmith
    Manufacturer: Jossey-Bass
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0787964794

    Book Description

    This book reveals the three most important capabilities leaders must demonstrate today: the ability to set strategy, empathize with others, and take risks—all at the same time. In Head, Heart, and Guts, leadership experts David Dotlich, Peter Cairo, and Stephen Rhinesmith—who teach and coach CEOs and executive teams throughout the world—argue that to be successful in a complex, matrixed, fast-moving world, “whole” leaders must set strategy, develop trusting relationships with others, and consistently do the right thing based on personal values. “Partial” leaders, often the product of traditional executive programs, may be successful in the shortrun, but their companies lose over time. Filled with case studies of companies such as Bank of America, Johnson & Johnson, Novartis, and UBS, Head, Heart, and Guts, lays out specific steps and actions for leaders who want to grow beyond their “leadership comfort zone” and an action plan for companies that want to move beyond tried-and-true leadership development in order to develop “whole” leaders throughout their leadership pipeline.

    Customer Reviews:

    4 out of 5 stars Compelling case for leaders with a soft side.......2007-08-08

    In this presentation of the potentially exciting topic of executive leadership, authors David L. Dotlich, Peter C. Cairo and Stephen H. Rhinesmith stress the nuances of theory, perhaps at the expense of showing additional, powerful human examples. Maybe that comes from the authors' perspectives as consultants who often must disassemble a topic to present it in their own way. While the book has a compelling basic theme - developing leaders who become effective by learning to be compassionate and brave, as well as savvy - that insight gets a bit mired in the presentation. The book offers worthwhile guidance, and supplies almost too many clipboard processes and checklists of symptoms, problems and techniques. We find the book's concept contemporary and intriguing. While its procedural guidance may be helpful, its wisdom resides in its discussions of mature leadership.

    5 out of 5 stars Authentic Leadership.......2007-02-02

    "Everyone has a natural leadership style, and a tendency to lean on intellect, emotion, or courage doesn't change with maturity. What does change is a willingness to consider options that don't fit with one's natural style. What also changes is a capacity for trying new ways of leading others and thus expanding the personal leadership capabilities." ~ pg. 207

    David L. Dotlich, Peter C. Cairo and Stephen H. Rhinesmith present the idea of "complete leaders" who posses strong analytical abilities, have a high level of emotional intelligence and are willing to take the needed risks to see their businesses grow and expand.

    All three authors teach and coach CEOs and executive teams. Through their work they help leaders grow beyond their comfort zones to become authentic leaders of the twenty-first century. This book will encourage leaders to set high standards, inspire trust, motivate people and create meaningful relationships. From the beginning of the book they address pertinent issues and problems that seem to have logical solutions if only leaders relied more on all three: head, heart and guts.

    "...our leaders often rely exclusively on a single quality - head or heart or guts. Unfortunately, when you do that you ignore other aspects of what is required to be successful." ~ pg. 2

    Head, Heart & Guts presents how the world used to be and explains why business leaders must embrace a new idea of what it means to be a leader due to the changing needs of society and employee expectation. Some of the highlights of this book include:

    Finding a Fresh Perspective
    Reframing the Boundaries
    The Five-Step Process to Develop a Point of View
    Guide People Through Vision and Values
    Developing Compassion
    Overcoming Personal Derailers
    Balancing Risk and Reward
    Mature Leadership

    ~The Rebecca Review

    5 out of 5 stars Great!.......2007-01-03

    Great book for those who REALLY want to develop all skills needed to become a leader and have the guts to follow them.

    5 out of 5 stars A Willingness to Put One's Beliefs on the Line!.......2007-01-02

    Dotlich et al's "Head, Heart and Guts" and Ram Charan's "Know-How" serve as perfect bookends to all that has been written over the years on leadership philosophy and practice.

    In "Know-How," Charan constructs a more complete leadership theory integrating "know-how" with personality traits, psychological orientation and cognitive architecture. In "Head, Heart and Guts," Dotlich et al recommend a second new perspective on leadership and a fresh approach to leadership development with a focus on the integration of the head, the heart and guts. "Guts" as an umbrella term for a willingness to do the right thing, no matter how difficult that is - a willingness to put one's beliefs on the line!

    The authors point out that we have been focused on "partial leadership" with an emphasis on cognitive skills and/or, until recently, on emotional skills. But leaders today are encountering decision points for which there are no "right" solutions and these skills alone will not assure successful leadership. They confront paradoxes and need to manage them rather than resolve them. They will need to act counter-intuitively at times and to trust instincts (know-how) in other instances. The need today is for "whole leadership."

    Whole leaders balance people and business needs and risk/reward, motivate people from diverse backgrounds, and create real trust through unyielding integrity and transparency. Whole leaders, based as much on instinct and relationships as their analytical skills, are comfortable operating in an ambiguous environment and are able to make risks pay off.

    Dotlich et al identify three reasons for singular leadership failure:

    1. A disconnect between what you know you should do and what you actually do.
    2. Misdiagnosis - a poor understanding of the type of leadership that is required in a given situation. Working globally requires a great of understanding of various cultures.
    3. Creation of false expectations. Feel leader is manipulative.

    Their recommendation for today's complex and uncertain world is a new leadership development approach which includes:

    1. Hire based on criteria related to head, heart, and guts.
    2. Encourage people not to be prisoners of their own experience.
    3. Involve them in action learning experiences that force them to take on new and challenging assignments.
    4. Place people in jobs before they are ready to handle them.
    5. Provide them with coaching and other tools that facilitate learning from experience.
    6. Develop leaders with the head, heart, and guts traits in mind.

    Readers will find the discussion on "guts" of particular interest. The authors point out leaders or those aspiring to leadership roles must have a point of view, understand their values, and have the courage of their convictions. These strong people will hang onto their values and they, in turn, will be the ones who strengthen us and our organizations. Unfortunately, today, while the workplace is an opportunity to model good values, the workplace suffers due to the lack of modeling. Dotlich et al point out that our MBA schools, management development programs and consultants have all contributed to this problem. "Head, Hearts and Guts" provides a systematic way to rectify this.

    This is an excellent read and is filled with case studies from companies such as Bank of America, J&J, Novartis, and UBS. The authors are senior executives who now serve as principals with Mercer Delta Executive Learning Center. David Dotlich, PhD, is President of Mercer Delta Executive Learning Center and former EVP of Honeywell, Inc. Peter Cairo, PhD, is the former Chairman of the Department of Counseling and Organizational Psychology at Columbia University. And Stephen Rhinesmith is a former ambassador to Russia and former president of Holland America Line. All teach and coach CEOs and successful management teams around the world.


    4 out of 5 stars Developing a whole leadership style.......2006-08-11

    The authors show how traditional analytical leadership won't make you a successful leader in today's business environment. They demonstrate the difference between a "head" versus a "heart" leader, and make a case for the need to balance "kindness" with "analysis' while still retaining "guts", and rethinking the way decisions are made and people are led. They provide clear-cut methods for identifying your default leadership style, then reframing and adjusting it, to provide a more successful balance between intellect, compassion, empathy, toughness, courage, and risk-taking, supported with the financial return to the business. I found it a logical, well supported read, which is funny when you think about the case for infusing compassion and guts into your leadership style. Still, I understood what the authors meant and buy into the need for this leadership style. A good read for leaders looking to expand their own leadership style - or others who want to make a case to leaders who should change their leadership style. Leaders who are already well-rounded would find this a review.

    The Real Options Solution: Finding Total Value in a High-Risk World
    Average customer rating: 4.5 out of 5 stars
    • Explicit Treatment of a New Analytical Framework
    • Cogent & illuminating look at valuation, risk & innovation
    • The most practical book ever read on the subject!
    • Complete rubbish
    • Extraordinary Addition to Finance and Value Quantitation
    The Real Options Solution: Finding Total Value in a High-Risk World
    F. Peter Boer
    Manufacturer: Wiley
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0471209988

    Book Description

    Harness the power of real options
    Real options theory is based on the Nobel Prize--winning work on financial options, and has captured the interest of executives, managers, and investors who need to understand the future profitability of an asset. Originally developed to value technology initiatives and companies, the method is now being applied broadly across various businesses and industries. The Real Options Solution offers comprehensive coverage of the real options approach with a five-step framework and examples for applying the author's unique total value model based on real options analysis. This approach will help executives and investors minimize the risk of committing to new ventures and delivers a framework flexible enough to apply to business initiatives in all types of companies.

    Customer Reviews:

    4 out of 5 stars Explicit Treatment of a New Analytical Framework.......2003-05-28

    This book attempts to expose the reader in a nontechnical manner to the new technique of evaluating investments in the New Economy characterised by volatility and uncertainty.The author does so without resorting to mathematical methods.The book is basically expository and attempts to build upon the readers'familiarity with financial options.It concentrates in describing the real options which each business decision is confronted with and demonstrates the flexibility which managers face. He views these opportunities as options even the decision not to implement the plan. This is a creative approach to understanding what real options is all about.

    5 out of 5 stars Cogent & illuminating look at valuation, risk & innovation.......2003-02-01

    This book was a real revelation to me. The real options approach to valuation is a very valuable new tool, and this book explains how it works in clear terms. Perhaps more important is the extensive, thoughtful and provocative discussion throughout the book of risk and innovation, how to think understand them, and how to frame and manage the full process of value creation in business. This book is cutting edge, but any decision maker or investor in innovative business enterprises should definitely read it.

    5 out of 5 stars The most practical book ever read on the subject!.......2003-01-26

    I would like to congratulate Dr. Boer on his success with making "real options" real for the practitioners. I have read many, if not most, most of the books out there on this topic, and found none to be as accessible and fun to read as Dr. Boer's treatment of this subject.

    I have also bought his other book, The Valuation of Technology - Business and Financial Issues in R&D. Again, full of practical insights that are not available elsewhere.

    I fail to understand the scathing review of the reader from Norway. Was this person expecting to learn about financial options, instead of real options, from this book? In that case, it was the reader's mistake for picking the wrong book! For real options, this book has no peer. I would recommend it to anyone who wants to apply the real options theory to real-world problems.

    Thanks Dr. Boer for a job well done and for making a real contribution to realistic valuation and pricing of business opportunities.

    1 out of 5 stars Complete rubbish.......2002-12-08

    Before reading the book I had spent only 15 minutes reading an article in a business magazine about real options. In those 15 minutes I learnt more about real options than after reading 280 pages in Dr. Boer's book.

    I am just amazed about the other ratings below - these people must just be from another planet?!!

    Do yourself a favour and do not buy this book (if your intent is to learn anything useful about real options). This is actually the first book I have ever thrown into the garbage bin (honestly).

    5 out of 5 stars Extraordinary Addition to Finance and Value Quantitation.......2002-06-16

    This is an excellent text for an introduction to real options. I especially like the author's overall valuation model for high-technology companies, the "Total Value Model", that combines static discounted cash flow models for products currently generating revenue, and real options for technologies and products in development. I have already recommended this book to several CEOs because its so easy to read and understand. The text does not contain a single formula and is almost totally conceptual, absolutely excellent!!! I am already adopting the author's valuation approach in my own valuation service. Thank you Dr. Boer.
    Working Without a Net: How to Survive and Thrive in Today's High Risk Business World
    Average customer rating: 5 out of 5 stars
    • Excellent explanation of the new economy and how to survive.
    • Great book!
    • "Net-less" World More Managable With Shechtman's Help
    • SHECHTMAN IS AN EXPERT ON GROWTH AND CHANGE.
    • Excellent book for those on the bubble
    Working Without a Net: How to Survive and Thrive in Today's High Risk Business World
    Morris R. Shechtman
    Manufacturer: Prentice Hall
    ProductGroup: Book
    Binding: Hardcover

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    Growth strategies that help you establish your independence from external forces and foster strength from within

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    Customer Reviews:

    5 out of 5 stars Excellent explanation of the new economy and how to survive........2002-04-13

    This book is an excellent read for anyone who wants to survive and thrive in the new economy. The world has become a much smaller and closer-knit group of companies and customers. Learning how to keep and get new customers and working relationships with other companies and co-workers is essential in this new economic environment that we are in. This book provides the tools and recommendations that will help anyone (from a CEO to the mail clerk) understand the new realities of business and what needs to happen to survive and thrive in the new economy.

    An excellent guide for anyone that wants to succeed and climb the ladder of success.

    5 out of 5 stars Great book!.......2001-08-01

    A real eye opener to what is wrong with corporate life today. Both an education and motivation to start you on a path to improving both your professional and personal life through managing change. Will recommend this book to everyone I know.

    4 out of 5 stars "Net-less" World More Managable With Shechtman's Help.......1999-10-09

    Job security, care taking, blind loyalty, independence, and autocracy are OUT. Adaptability, responsibility, reciprocal loyalty, interdependence, and conflict are IN. Simply put, Morris Shechtman gives us "a clue" on how to successfully "play" today's radically changed corporate game. Just the title, "Working Without a Net", gave me the jitters. As each chapter, from "An Alternative to Working and Living In a Fantasy World" to "Doing the Right Thing," unfolds, entrenched ideas of "how things work" in the workplace are shattered, first by a values clarification test, (oh, yes, most of us have some very interesting value conflicts when it comes to the old career), and then a series of growth and success strategies, powerful exercises, and the revelation that paradigm shifts are necessary to assist in our surviving and thriving in our new "net-less" environment.

    The rationale for the paradigm shifts?: an ever-changing global economy that increases competition, decreases profits and margins, and heightens the emphasis on human resources as the key to gaining the competitive edge. Far from advocating a cold-hearted Darwinian approach to business, "Working Without A Net" celebrates the capacity of people within an organization to resolve their differences, pursue corporate goals, and successfully met the challenges of today's high-risk business world. - Ted DeCorte, M.A.

    5 out of 5 stars SHECHTMAN IS AN EXPERT ON GROWTH AND CHANGE........1998-12-11

    SHECHTMAN IS A FUTURIST WHO GIVES REAL CLUES ABOUT THRIVING IN AN EVER MORE RISKY ECONOMY AND WORLD. A WELL ARTICULATED VALUE SYSTEM, SUBSTANTIAL SELF-INFORMATION, HIGH ACCOUNTABILITY AND A DESIRE FOR GREATER OPTIONS AND CHOICES ARE THE KEYS TO PERSONAL ,PROFESSIONAL AND FINANCIAL GROWTH AND SUCCESS. SHECHTMAN IS AN INTELLECTUAL AND INTUITIVE POWERHOUSE.

    5 out of 5 stars Excellent book for those on the bubble.......1998-04-23

    Great book. I will be buying copies for all of the poeple that work for me. In this "high risk" environment, this is an excellent book to help you chart your course. It is also a good book to disucss with your managmenet team as to how you would like to interact and what you expect of them.
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    Average customer rating: 3.5 out of 5 stars
    • Simplistic review of topics without much detail
    • Mixed Bag
    • Not very Useful
    • Highly Recommended
    • Extremely helpful and informative
    Risk From the CEO and Board Perspective: What All Managers Need to Know About Growth in a Turbulent World
    Mary Pat McCarthy , and Tim Flynn
    Manufacturer: McGraw-Hill
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0071434712

    Book Description

    What all managers need to know about growth in a turbulent world

    Especially in these turbulent times, good risk management is about exploiting opportunities for growth while protecting value already created. To do this, corporate leaders must, first and foremost, learn to manage the chain of cause and effect between risk and shareholder value. Now Risk shows them how. As vice chairs of the international consulting giant KPMG L.L.P., authors Mary Pat McCarthy and Tim Flynn are uniquely qualified to offer executives and senior managers this ultimate primer on risk and its optimization and management.

    Customer Reviews:

    2 out of 5 stars Simplistic review of topics without much detail.......2006-09-06

    I purchased this book hoping to get some deeper understanding of risk (e.g., approaches for measuring risk, how to quantify risk.) This book was way too high level to achieve that goal. It is a quick read with lots of case examples that would be helpful if you're giving someone a high level overview of Risk Management. However, if you want to understand these topics at a slightly detailed level or deeper, you should probably look at the more text book style books on risk management.

    3 out of 5 stars Mixed Bag.......2006-04-30

    Although it makes a reasonable attempt to cover the waterfront and there were were a few gems in this book, I found the fluff factor to be too high to give it more than three stars. Silly quotations, folksy homilies, and a tiresome reliance on quotes from people who didn't really didn't have brilliant insights and an entire chapter (the second) that was clearly 25 pages of pure and irrelevent padding mar an otherwise credible treatment of the subject.

    For example, in the first (introductory) section, one of the three chapters is almost a throw-away; the other two being helpful but not brilliant. In the second section (50 pages) on mitigation, readers are presented with a pretty basic treatment of the subject, with only a few deep insights. The last section, which comprises 100 pages (or about 1/3 of the book) the authors make an attempt to focus on the meat of the matter. Again, I was disappointed that they did so in little more than a superficial manner. The copyright being held by KPMG, I had to wonder if the soft-pedalling of the spectacular failures of executive, board and internal audit of the recent past were glossed over in the interests of not offending any current or potential clients.

    While the authors occasionally make effective use of analogy, such as comparing risk to water, which can be channelled to good effect, there were parts I disagreed with (for instance, the role of the external auditor, much of which I believe can and should be performed by the internal auditors)

    In summary, it is broad and reasoned enough to be credible, but not sufficiently insightful or scholarly to be held up as a classic in the important and ever-evolving area of corporate governance. A tip-off should have been a glance at the scanty endnotes; one of them being from the Watch Tower Bible and Tract Society of Pennsylvannia. Not to disparage theology (which goes largely unheralded as being the grandfather of risk management), but had the authors dealt more with the gritty aspects of CEO/Board success and failure with risk and tapped into the rich veins professional literature that has arisen over the last 2-3 decades (instead of skating over it) this book might have earned at least one more star. There is certainly no shortage of material from which to draw.

    1 out of 5 stars Not very Useful.......2005-02-23

    The book delivers what it promises the so-called CEO perspective. Its just a chatty overview, useless for actual risk management at any level. Maybe they should use it as an introductory MBA book for those who have no exposure to finance at all.

    5 out of 5 stars Highly Recommended.......2004-04-22

    This is an easily accessible, short and reasonably thorough introduction to the subject of risk. The authors touch on almost every dimension of the topic, including financial risk, operational risk, reputation risk, governance risk and even the risk of terrorist attack. The book might have been quite a bit shorter and somewhat more focused on corporate management if the authors, KPMG vice chairs Mary Pat McCarthy and Timothy P. Flynn had tightened their anecdotes about anti-terrorist preparations at the Olympic Games. However, they seem to have believed that they would lose readers unless they provided a few entertaining distractions, and they could be right. Though it breaks little new ground, it plows the old ground interestingly. We recommend this portable summary of useful information to the CEOs and board members who are its intended audience, as well as to anyone responsible for risk management.

    5 out of 5 stars Extremely helpful and informative.......2004-03-22

    This book is perfect for the times, an informative, interesting read with illustrative real-world examples. I particularly enjoyed Chapter 7 "We the People of the Board" and Chapter 8 "Audit Committee: Risk and Regulation" for the practical guidance insight provided. All in all, a digestible primer on key risk issues.
    Financial Markets: Imperfect Information and Risk Management (Central Issues in Contemporary Economic Theory and Policy)
    Average customer rating: Not rated
      Financial Markets: Imperfect Information and Risk Management (Central Issues in Contemporary Economic Theory and Policy)

      Manufacturer: Palgrave Macmillan
      ProductGroup: Book
      Binding: Hardcover

      GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
      TheoryTheory | Economics | Business & Investing | Subjects | Books
      FinanceFinance | Business & Investing | Subjects | Books | Banks & Banking | Corporate Finance | Foreign Exchange | Inflation | Interest
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      ASIN: 0333802047

      Book Description

      This book concentrates on one of the most important directions for research on banking and finance for the next decade: the problem of information and risk management. Recent theoretical and empirical contributions consider asymmetric information between investors and financiers as a major determinant of financial risk. In this framwork, financial and banking innovation may be regarded as policy and individual agents' response to the problem of asymmetric information and risk management and also as a self-generated innovation process posing new challenges to policymakers in terms of informational efficiency and risk control.
      International Political Risk Management: Exploring New Frontiers (Working Papers Series on Contemporary Challenges for Investors, Lenders, and Insurers)
      Average customer rating: Not rated
        International Political Risk Management: Exploring New Frontiers (Working Papers Series on Contemporary Challenges for Investors, Lenders, and Insurers)

        Manufacturer: World Bank Publications
        ProductGroup: Book
        Binding: Paperback

        Policy & Current EventsPolicy & Current Events | Popular Economics | Business & Investing | Subjects | Books
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        4. Country Risk Assessment: A Guide to Global Investment Strategy (The Wiley Finance Series) Country Risk Assessment: A Guide to Global Investment Strategy (The Wiley Finance Series)

        ASIN: 0821348345
        Challenges in Risk Assessment and Risk Management
        Average customer rating: Not rated
          Challenges in Risk Assessment and Risk Management

          Manufacturer: Sage Pubns
          ProductGroup: Book
          Binding: Paperback

          GeneralGeneral | World | History | Subjects | Books
          GeneralGeneral | Race Relations | Sociology | Social Sciences | Nonfiction | Subjects | Books
          GeneralGeneral | Sociology | Social Sciences | Nonfiction | Subjects | Books
          CulturalCultural | Anthropology | Social Sciences | Nonfiction | Subjects | Books
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          Federal GovernmentFederal Government | Levels of Government | Political Science | Social Sciences | Nonfiction | Subjects | Books
          ASIN: 0803951094
          Risk and Survival in Ancient Greece: Reconstructing the Rural Domestic Economy
          Average customer rating: Not rated
            Risk and Survival in Ancient Greece: Reconstructing the Rural Domestic Economy
            Thomas Gallant
            Manufacturer: Stanford University Press
            ProductGroup: Book
            Binding: Hardcover

            GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
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            GreeceGreece | Ancient | History | Subjects | Books
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            ASIN: 0804718571

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            3. Creating Better Futures: Scenario Planning As a Tool for A Better Tomorrow
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            5. Deal Terms - The Finer Points of Venture Capital Deal Structures, Valuations, Term Sheets, Stock Options and Getting VC Deals Done (Inside the Minds)
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            7. Dictionary of Finance and Investment Terms
            8. Economics of Money, Banking, and Financial Markets, Update (7th Edition) (Addison-Wesley Series in Economics)
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            10. Essentials of Corporate Finance (Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate)

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