and need capital providers with a high risk appetite to finance the early life stages. Conversely, Service industries have lower demands on R&d infrastructure
His risks have been calculated, careful and successful but most distinctively, purposeful. Early on, he refused to back down
Are we aware of the internal process risks that could undermine our business? are equipped we well to grow
In 1994 they took a big risk, hiring a consultant from a prominent franchising firm.
His research and teaching focus on performance measurement, business planning, risk assessment, and contemporary financial reporting issues.
particularly their risk-taking drive and level of perseverance qualities identified as essential for an entrepreneur.
or the willingness and ability to take the risk of joining an innovative start-up as an employee. 12 Figure 10 details a conceptual model for the factors influencing
A positive attitude towards entrepreneurship and risk as an enabler for selecting an entrepreneurial career with relevance throughout the process.
and financial risks of creating or joining a new venture. Challenges for promoting entrepreneurship Attitude:
and seems to be more prevalent in Europe than in other regions. 14 Studies have found evidence that the recent economic turbulence has resulted in entrepreneurs taking less risk overall.
Impact Attitude Perceived reward/status of entrepreneurship Perceived risk Personality type Determination 1 Skills Markets/business intelligence Management skills Social skills Creativity
and essential skills and attitudes, including creativity, initiative, tenacity, teamwork, understanding of risk and a sense of responsibility. 18 Cultural/Social framework:
in Europe by encouraging young Europeans to take more risks in innovation and entrepreneurship, and encouraging governments, businesses, society and individuals to support
and reward such risk-taking through policy frameworks and access to mentors, finance and markets.
Part of it is linked to higher levels of risk aversion following the financial crisis as investors struggle with an increased regulatory burden. 39 This drop in private investment has seen the role of government agencies in venture capital raised from institutional investors increase from pre-crisis
Chairman, Europe, Microsoft Corporation Benefit for large corporates Benefit for entrepreneurs Risk to one or both partners Company shares in high-potential entrepreneurial ventures Access
and competencies of both organizations. 51 An overview of the benefits and risks of collaboration for entrepreneurs and large corporates is shown in Table 3. 26 Enhancing Europe's Competitiveness The analysis is based on the six dimensions
or without a considerable time allocation for R&d inherits major risk for entrepreneurs. 53 Scouting for partners Developing transparency on available partners Any firm may find an enormous number of potential market
not months otherwise the opportunity to accelerate processes is turned into a risk. Fridolin Stary, Senior vice-president, Research and development, Wacker Chemie Fostering Innovation-driven Entrepreneurship in Europe 31 Dimension Practice/example Developing collaboration and exploiting results Being adaptable to the needs
The inherent risk of innovation, quoted by 22%of small firms The direct cost of innovation,
Moreover, connecting actors to improve access to capital is of key importance to enable progress towards a more transparent, single European market for risk finance.
Investments in pan-European fund structures support the above-mentioned development towards a European single market for risk finance.
We need to create an entrepreneur-friendly culture that encourages young people to take risks
or contain the risk of collisions. Able to innovate cooperatively, both amid and driven by contextual changes,
They would be able to minimize the three critical types of risk in any new venture:
market risk, technology risk and team risk. What does this mean for how organizations operate?
To master risk and reap the benefits of new sources of growth in an increasingly volatile and uncertain environment,
O'neill, M. 2013), Mini-bonds come with no small risks, Investorschronicle. co. uk, based on research from Capita Registrars. 48. http://www. tekes. fi/en/tekes/.
yet uncertainties have increased also as international corporations searched for global centres where they could do business with the lowest-possible risk.
and to minimize risks, a special centre is available in the Dubai Internet City, for example,
Risks and Challenges While the opportunity in Dubai is clear, the city faces risks caused by several factors,
such as the pace of growth, a possible real estate bubble and dependence on Gulf-oilbased economies.
The risk of a real estate bubble remains real. In 2009, the global financial crisis led to a crash in overinflated real estate prices,
The heated situation in the middle East region may also cause some indirect risks on Dubai, as oil prices may fluctuate
These risks are beyond the control of Dubai; however, mitigating them by reducing other risks is
what Dubai and the UAE are constantly working on. Going forward, Dubai may benefit from a more liberal approach to market competitiveness with a higher degree of independence for regulators,
and heightened risks looming on the horizon could derail the global recovery. Much of the growth in recent years has taken place because of the extraordinary and bold monetary policies in countries such as the United states, Japan,
and raising awareness about the need to adopt holistic and integrated frameworks for understanding complex phenomena such as competitiveness or global risks.
or even deflation, in key advanced economies remains a tangible risk that could derail recovery
The risks to the global economic outlook remain very real. Past measures, mainly based on expansionary monetary policies, have helped to temporarily avoid a deeper recession and set the foundations for the global recovery in the short term.
It monitors key trends, identifies global risks, charts relationships, addresses gaps in knowledge and recommends ways to address global challenges.
A thorough and proper assessment of risk is therefore a key ingredient of a sound financial market.
Yet important downside risks remain: although inflation has been coming down from the high rates of the past two years thanks to prudent monetary policy and moderating food prices, rising fiscal deficits
In the current economic context of uneven recovery across advanced economies and renewed risks for emerging economies, the current edition of the Report has highlighted the need for more structural reforms
despite growing awareness about the risks related to unsustainable resource and environmental management the world is not moving toward a more sustainable path
companies become more concerned about reputational risks. 9 Consequently, the business sector has started to take a keener interest in environmental issues than it did a couple of decades ago.
7 or the heightened perception of environmental risk (since 2010, the respondents of the World Economic Forum's Global Risks Perceptions Survey consider environmental risks both to be more likely to happen
and to have greater impact), 8 the increase in the number and efficacy of environmental regulations is welcome and timely.
regulations Stringency of environmental regulations metric. 12 Information technology companies concerned with energy costs, reputational risks,
Providing protection also leads to a sense of financial security that enables individuals to undertake investments and entrepreneurial risk,
constant monitoring and benchmarking of selected indicators helps to identify possible areas of risk and the 2014 World Economic Forum GCI 2014 2015 Social sustainability adjusted GCI Environmental sustainability
putting the invaluable natural capital of the country at risk. As it faces difficulties related to sustainability, especially in the environmental area,
Assessing Progress toward Sustainable Competitiveness 72 The Global Competitiveness Report 2014 2015 employment to poverty risk.
and reputational risk, see http://www. scjohnson. com/en/commitment/focus on/greengauge. aspx. 10 As reported by nongovernmental organizations,
Global Risks 2014. Ninth Edition. Geneva: World Economic Forum. Available at http://www3. weforum. org/docs/WEF Globalrisks report 2014. pdf. YCELP and CIESIN (Yale Center for Environmental law & Policy,
where her responsibilities include managing partnerships including institutional and corporate partnerships and outreach for both competitiveness and risks reports.
and drafting of various reports, including The Global Competitiveness Report and the Global Risks report.
and global risks and is lead author or editor of a number of regional and topical reports and papers, including The Global Competitiveness Report and the Global Risks report series.
Before joining The Global Competitiveness and Benchmarking Network, Dr Drzeniek Hanouz worked with the International Trade Centre (UNCTAD/WTO) in Geneva,
She also works on the World Economic Forum's Global Risks report. Prior to joining the Forum,
Potential risks going forward concern the possible tightening of financial conditions that may follow a normalization of the monetary policy in the United states and other advanced economies
The Global Information technology Report 2014 Rewards and Risks of Big data Beñat Bilbao-Osorio, Soumitra Dutta,
and Bruno Lanvin, Editors Insight Report 2014 World Economic Forum Insight Report The Global Information technology Report 2014 Rewards and Risks of Big data Beñat Bilbao
and Rewards and Risks of Big data 1. 1 The Networked Readiness Index 2014: 3 Benchmarking ICT Uptake in a World of Big data Beñat Bilbao-Osorio and Roberto Crotti (World Economic
Balancing the Risks and 53 Rewards of Data-Driven Public Policy Alex Pentland (MIT) 1. 5 Managing the Risks and Rewards 61 of Big data Matt Quinn and Chris
and risks accruing from big data, an unprecedented phenomenon in terms of the volume, velocity, and variety of sources of the creation of new data.
3) balancing the risks and rewards of big data from a public policy perspective;(4) managing these risks and rewards;(
5) rebalancing socioeconomic asymmetry in a data-driven economy;(6) the role of regulation and trust building in unlocking the value of big data;(
Balancing the Risks and Rewards of Data-Driven Public Policy Alex Sandy Pentland from the Massachusetts institute of technology (MIT) highlights in Chapter 1. 4 that we are entering a big data world,
and helps minimize the risk of unauthorized information leakage. 3. Systems controlled by partner organizations,
Managing the Risks and Rewards of Big data In Chapter 1. 5, . Matt Quinn and Chris Taylor from TIBCO argue that expert handling of big data brings the reward of being able to react to world-changing events,
but at the same time, big data brings risks that require balancing those benefits against privacy concerns raised by the potentially unsettling correlation of personal information.
and get to the core of understanding big data's risks and rewards. Rebalancing Socioeconomic Asymmetry in a Data-Driven Economy Chapter 1. 6, contributed by Peter Haynes of the Atlantic Council
and Rewards and Risks of Big data 2014 World Economic Forum 2014 World Economic Forum The Global Information technology Report 2014 3 CHAPTER 1. 1 The Networked Readiness
Failure to develop comprehensive environment readiness carries the risk of losing competitive advantage vis-à-vis other countries.
Balancing the Risks and Rewards of Data-Driven Public Policy ALEX PENTLAND MIT In June 2013,
This chapter will outline both the risks and the rewards of this new age of big data
The risk of deploying this sort of data-driven policy and regulation comes from the danger of putting so much personal data into the hands of either companies or governments.
Balancing the Risks and Rewards of Data-Driven Public Policy 54 The Global Information technology Report 2014 2014 World Economic Forum Box 1:
Balancing the Risks and Rewards of Data-Driven Public Policy 2014 World Economic Forum These selected results are just a small sample of the impressive work that is made possible by this rich and unique data commons.
or that help citizens reduce their risk of catching the flu. The work of these 90 research groups also suggests that many of the privacy fears associated with the release of data about human behavior may be generally misunderstood.
Balancing the Risks and Rewards of Data-Driven Public Policy 56 The Global Information technology Report 2014 2014 World Economic Forum themselves.
or the risks associated with sharing through current social media. These data can then be used for the personal selfempowerment of each member,
A major risk of deploying data-driven policies and regulations comes from the danger of putting so much personal data into the hands of governments.
Balancing the Risks and Rewards of Data-Driven Public Policy 2014 World Economic Forum the requested records) remains hidden.
and auditing and helps to minimize the risk of unauthorized information leakage by providing the minimum amount of information required. 3. Systems controlled by partner organizations,
Balancing the Risks and Rewards of Data-Driven Public Policy 58 The Global Information technology Report 2014 2014 World Economic Forum found within modern computer databases and networks.
Balancing the Risks and Rewards of Data-Driven Public Policy 2014 World Economic Forum 2014 World Economic Forum CHAPTER 1. 5 Managing the Risks and Rewards of Big data
MATT QUINN CHRIS TAYLOR TIBCO One of the biggest challenges of the term big data is deciding on a standard definition of what those words really mean.
RISKS AND REWARDS Digitization itself is not new, but the maturation and availability of the Internet;
It is in those extremes that the risks and rewards of big data are decided. THREE KEY BIG DATA TRENDS As the world becomes more familiar with big data,
three key trends that have a significant impact on those risks and rewards are emerging.
and risks represented by these new sources. Automated systems that manage big data ecosystems cannot be developed around rigid schemas that require redevelopment for each new stream of information.
Managing the Risks and Rewards of Big data 62 The Global Information technology Report 2014 2014 World Economic Forum RESOLVING TWO PRIMARY CHALLENGES OF BIG DATA Most organizations need to overcome two primary challenges before becoming productive
Managing the Risks and Rewards of Big data 2014 World Economic Forum data not with the goal of having a larger dataset,
and the risk associated with the decision. There is a broad spectrum of judgments that covers small,
Many of the risks and rewards of big data are coupled tightly to the use of all of those data.
Managing the Risks and Rewards of Big data 64 The Global Information technology Report 2014 2014 World Economic Forum stretching of the boundaries of individual expectations.
while mitigating risks is entirely a matter of data systems sophistication. This section will explore three examples that demonstrate the successful use of big data.
and reducing the risk of negotiating and accepting poor contracts. Without the ability to manage all relevant data
a risk remains in gaining the customer's favor while requiring access to so much personal information.
Managing the Risks and Rewards of Big data 2014 World Economic Forum ideal way to gain that access
mitigating the risk of a brand being perceived as stalking the customer or invading their privacy.
MITIGATING THE RISKS Managing the three key trends of leveraging previously untapped data sources, using automation wherever possible,
while mitigating its risks. Accomplishing these three objectives requires successfully meeting big data's two main challenges:
Its benefits need to be considered as a function of how well its risks are managed. Truly expert handling of big data brings the reward of being able to react to world-changing events, both big and small, at an unprecedented rate and scope.
Organizations, both public and private, must balance the risks and rewards of big data especially as big data moves from low impact experiments to driving real-time operations and decision-making.
Managing the Risks and Rewards of Big data 66 The Global Information technology Report 2014 2014 World Economic Forum CHAPTER 1. 6 Rebalancing Socioeconomic Asymmetry in a Data-Driven
while minimizing risks and harms to individuals and enterprises globally. Existing regulatory approaches that are based on the principles of notice
and analytics of big data is how little we actually know about it its potential risks and rewards,
Understanding customer concerns and regulatory issues early will help companies determine the areas of risk they need to start tackling.
Initially companies should conduct an assessment of their regulatory and operational status quo to identify risks and opportunities.
In this model, they would become aware of the benefits of their participation as well as potential privacy risks.
Finance functions (such as finance, risk, and treasury) can use big data for intraday liquidity management, providing real-time monitoring of price movements in relation to positions,
and for improved credit risk assessment, through multiple big data supported credit risk assessments that factor in hundreds or even thousands of indicators.
Most opportunity for analysis Least opportunity for analysis Data systems least fit for purpose Customer service Operations & productionsales Finance Information & research Risk/security R&d Procurement Supply chain
This enables the finance department to better understand various business risks and adjust audit coverage to the areas that pose the greatest risks.
At the same time, it reduces the time spent on auditing by about 15 percent. A British multinational music recording and publishing company has created the Million Interview Dataset over the last few years
dives deeper into the rewards and risks that derive from the advent of big data. In addition, the Report includes detailed profiles for the 148 economies covered this year together with data tables for each of the 54 indicators used in the computation of the NRI.
< Back - Next >
Overtext Web Module V3.0 Alpha
Copyright Semantic-Knowledge, 1994-2011