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Rethinking Risk Assessment: A Systemic Approach to Risk Measurement
The escalating exposure of firms to pervasive uncertainty renders a purely economic-financial interpretation of risk inadequate. In this article, we advance a systemic perspective on corporate risk, framing it as a cross-cutting dimension of managerial action that is intrinsically connected to sustainable value creation. After examining the main categories of risk and the shortcomings of traditional ...
Six Dimensions for Evaluating Performance in Seaside Concessions
The issue of beach concessions presents particularly critical aspects, both due to the tensions in the application of European Union law and national law, and because of the uncertainty surrounding tender criteria and the evaluation of technical offers. In this article, we reconstruct the evolution of the regulatory framework, with specific reference to the transposition of the Bolkestein Directive ...
The Impact of Non-Financial Risks: Processes for Strengthening Organizational Resilience
The emergence of increasingly interconnected and weakly historicized non-financial risks is reshaping the principal sources of organizational vulnerability. This article examines the evolution of risk assessment with respect to geopolitical, cyber, reputational, and technological risks, emphasizing the limitations of traditional quantitative models. Through a critical review of the literature and ...
Good Governance, Fewer Problems: The Board’s Role in Risk Prevention
Risk management represents a core component of corporate governance and requires governance mechanisms that are aligned with the firm’s strategic priorities. This article examines the role of the Board of Directors in defining risk capacity, risk appetite, and risk tolerance. To bridge theory and practice, we explore internationalization as a strategic decision that substantially affects a company’s ...
Goodbye Workers?
This dossier is dedicated to work, and more specifically to workers in businesses and organizations in a broad sense. “Workers” is an almost outdated term that, similar to what happened with “laborers,” is now disappearing from the managerial vocabulary. In its place people speak of “human resources” and “human capital,” and no longer of “employees” but “associates.” Yet we ...
Negotiating Styles: the Impact of Culture
In today's world, negotiations increasingly involve people belonging to different cultures, and individuals belonging to different cultures tend to have different negotiating styles. These differences cannot be ignored, given that they can have a significant impact on the outcome of transactions, agreements, and collaboration. In a soon to be published study by Leonardo Caporarello, a comparison is ...
Celebrating Heroes: On Rewards in Corporations
A fundamental part of our social life is based on the universal need to have the respect, esteem and approval of the people around us. Public prizes and awards are some of the instruments that carry out this important social function. Initially limited to situations outside of employment fields not driven by commercial logic (sports, culture, civil and military valor), prizes and public awards of ...
The Meeting/Clash Between Material and Imaginary
Our readers may wonder why, on our 50th anniversary, our magazine has decided to dedicate so much attention to the year 1969. The answer, as we will attempt to illustrate in this dossier, is because some of the events from that year were very important for the issues we still deal with today; more so than the events of 1968, another symbolic year whose importance and legacy have recently been the ...
Where the Rail System Begins
From the Kingdom of Italy to the new 2016 procurement code, the history of the Italian railway system shows how the succession of different political objectives and legislative changes has made the role of evaluation techniques very difficult, too often leaving to political decisions, with can change rapidly, the task of planning and financing the works. In our country, this has generated numerous ...
The Boom of Sex Toys (Thanks to E-commerce)
1969. The year the first sex shop opened in Italy. Since then the number of such stores has grown, especially in the 1980s and ’90s. Today the approximately 500 “physical” stores present in Italy[1] must deal with the opening of an increasing number of stores present exclusively online. This is a trend taking place throughout Europe: for example, the Beate Uhse company, that had a chain of franchises ...