Author Archives: IESE Library

Why they do it: inside the mind of the white-collar criminal by Eugene Soltes

Why they do itOverview:

From the financial fraudsters of Enron, to the embezzlers at Tyco, to the insider traders at McKinsey, to the Ponzi schemer Bernie Madoff, the failings of corporate titans are regular fixtures in the news. But what drives wealthy and powerful people to white-collar crime? Harvard Business School professor Eugene Soltes draws from extensive personal interaction and correspondence with nearly fifty former executives as well as the latest research in psychology, criminology, and economics to investigate how once-celebrated executives become white-collar criminals. The product of seven years in the company of the men behind the largest corporate crimes in history, Why They Do It is a breakthrough look at the dark side of the business world.

Soltes reveals how the usual explanations fail to tell the whole story of why many seemingly successful people go over the line. White-collar criminals are not merely driven by excessive greed or hubris, nor do they usually carefully calculate costs and benefits before breaking the law. Instead, Soltes shows that most of the executives who committed crimes made decisions the way we all do—on the basis of their intuitions and gut feelings. The trouble is that these gut feelings are often poorly suited for the modern business world where leaders are increasingly distanced from the consequences of their decisions and the individuals they impact.

The extraordinary costs of corporate misconduct are clear to its victims. Yet, never before have we been able to peer so deeply into the minds of the many prominent perpetrators of white-collar crime. With the increasing globalization of business threatening us with even more devastating corporate misconduct, the lessons Soltes draws in Why They Do It are needed more urgently than ever. Provided by publisher.

You can find this title at IESE’s Library catalog

All You Need to Know About the Global Fish and Seafood

(CC) bananaana04/FlickrMarketLine has just published the report “Global Fish and Seafood”, which provides data on the global sector’s size, value and volume between 2013 and 2017, as well as forecasts to 2022.

The report includes size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic forecasts.

The profile also contains descriptions of the leading players (in this case: Bolton Group, Bumble Bee Foods LLC, Dongwon F&B Co., Ltd., and Thai Union Group PCL) including key financial metrics and analysis of competitive pressures within the market, making use of the Five Forces analysis.

The fulltext of the report is available on the web to students, professors, research assistants and staff of the IESE community.

Heterogeneity of Technology-specific R&D Investments. Evidence from Top R&D Investors Worldwide

(CC) European Commission/WikimediaThe Joint Research Centre of the European Commission has recently launched the following Working Paper: “Heterogeneity of technology-specific R&D investments. Evidence from top R&D investors worldwide” by Petros Gkotsis and Antonio Vezzan.

In this work, they develop and apply a methodology to estimate technology-specific R&D investments at the firm level and then use these to test some arguments that have become central in the innovation literature. In particular, they first combine R&D investments with patent data of the world top R&D investors worldwide and show that investment per patent varies greatly both across technologies and across firms developing the same technology. They then use the estimated firm-technology R&D investments to assess how these are related to the international and technological strategies of firms. The estimation strategy makes use of a multilevel framework that allows them to model heterogeneity both at the firm and industry level. In particular, they show that specific firms strategies requires different level of investments and that sector specificities matter in determining R&D per patent investments, economies of scale in knowledge production, and the cost of (further) specialization. Accounting for (un)observed heterogeneity may lead to better policy design and management decisions.

Read the full paper here.

Living and working in Europe 2017

(CC) Living and working in Europe 2017/EurofoundLiving and working in Europe, Eurofound’s 2017 yearbook, provides a snapshot of the latest developments in the work and lives of Europeans as recounted in the Agency’s research activities over the course of 2017. As economies recover, Eurofound reported on the positive trends in employment, with rising numbers in work and a continued expansion of employment in good jobs. It also provided an updated account of quality of life in Europe post-crisis, showing that on many dimensions Europeans are doing as well as before the crisis, if not better.

Challenges remain, nevertheless: labour markets are beset by long-term unemployment, underemployment and high levels of inactivity; quality of life in many dimensions is poor within certain population groups, and disparities between countries are sometimes stark. Eurofound’s work provides a reservoir of knowledge to inform policymakers at EU and national levels in addressing such challenges.

Read the full report Living and working in Europe 2017.

Lodgings

(CC) Pleuntje/Flickr

Factiva offers a gamma of Industry Snapshots to offer readers a glimpse of the most relevant data about a particular industry and includes a comprehensive one-page summary. “Lodgings” is a good example where you can find targeted news, reports, charts, analysis and financial data.

The full text of the report is available on the web to students, professors, research assistants and staff of the IESE community.

Borrow or return easily! – Self Check machine in the Barcelona Library

Self_CheckThe IESE Library is pleased to announce that the Self Check service is operational.

The Self Check machine available in our Barcelona Library (Library Hall) allows you to borrow, renew and return items yourself. It’s particularly handy when the Library is open but the Service Desk is closed.

All you have to do is follow the on screen instructions and put the book in the Book Drop next to the machine when you make a return.

Please ask Library staff if you need any assistance using the machine.

See also our Self Check Machine FAQs and our Self Check Machine Video Tutorial.

We hope you enjoy using the Library’s latest addition!

The IESE Library team

Shaping the Future of Construction: Future Scenarios and Implications for the Industry

(CC) Future Scenarios and Implications for the Industry/WEFThe World Economic Forum has recently published the “Future Scenarios and Implications for the Industry” report, in collaboration with The Boston Consulting Group. The report is part of the World Economic Forum Initiative on Shaping the Future of Construction.

Incremental change is not an option any more in the construction industry. By redefining the ultimate frontier, leapfrogging innovations in construction will finally help address major societal challenges, from mass urbanization to climate change. The widespread adoption of game-changing innovations that consider a variety of possible futures is going to make a serious impact, socially, economically and environmentally.

This report examines what the industry could look like in the future and the strategic implications for the key stakeholders and broader society. The outlined transformation imperatives should help the industry prepare for a prosperous future.

Download the full text here.

European Bathing Water Quality in 2017

(CC) Sea Bathing/Freeimages

This report by European Environment Agency gives an overview of the 2017 bathing water quality thereby also indicating where the best quality bathing sites are likely to be found this year. In the 2017 season, almost 22 000 bathing waters were monitored throughout Europe.

The report is available from the European Environment Agency website.

Global Economic Prospects, June 2018: The Turning of the Tide?

(CC) Global Economic Prospects_06_2018/World BankThe World Bank has just published the report “Global Economic Prospects, June 2018: The Turning of the Tide?”.

Global growth has eased but remains robust, although with downside risks. The possibility of financial market stress, escalating trade protectionism and heightened geopolitical tensions continue to cloud the outlook.

Financial market stress could arise as a result of escalating investor concerns about the creditworthiness of some emerging market and developing economies or as a byproduct of faster-than-expected normalization of monetary policy in advanced economies. Countries with elevated corporate debt, wide current account or fiscal deficits, or weak growth prospects would be vulnerable to jumps in global financing costs. In commodity-exporting economies, in particular, the expected slowdown in commodity demand growth from major emerging markets weighs on long-term growth outcomes.

Download the June 2018 Global Economic Prospects report.

Principles by Ray Dalio

PrinciplesOverview:

Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals.

In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success.

In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve.

Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press. Provided by publisher.

You can find this title at IESE’s Library catalog.