Transformational Leadership and Knowledge Management: Analysing the Knowledge Management Models

The purpose of the present study is to investigate the mutual relationship between transformational leadership and knowledge management as well the potential effects of a transformational leader on his or her followers. In this paper, we review the role of transformational leadership in effective knowledge management and establish the emerging role of transformational leadership, as an ideal leadership style in building knowledge-based companies to achieve a higher degree of competitive advantage. The findings in this article are based upon previous empirical studies that illustrate the formulation of several propositions that contribute to the knowledge management processes. Our findings are based upon possible scenarios that impact transformational leadership and knowledge management using grounded theoretical research. Research limitations are twofold. One limitation is found in the prior literature indicating that past studies have posited that companies might lack the required capabilities or decide to decline from interacting with other companies (Caldwell & Ancona 1988), or even distrust sharing their knowledge (Kraut & Streeter 1995). And, second, our contribution to the literature lies in presenting a link between knowledge management and transformational leadership that incorporates the knowledge management processes that may impact the effectiveness of transformational leaders to enhance their capabilities to effectively play their roles within companies. In addition, managerial applications that may support knowledge management processes are proposed further research is necessary to finalise conclusions. The original value of this research provides an impetus of mutual interaction of knowledge management and transformational leadership

Perspectives on knowledge management models

The purpose of this paper is to present the way some widely used knowledge management models are structured. We will describe the most important characteristics of each model, with our comments about its usefulness in the economical environment. The models we chose to analyze are as follow: von Krogh and Roos, Nonaka/Takeuchi, Wiig, Boisot and Bennet. We will discuss about main factors involved, about types of knowledge and elements which forms it and of course about advantages and disadvantages of these models. The paper will end with a general conclusion, which will largely synthesize our conclusions about each knowledge model.knowledge, model, cognitive, epistemological, tacit, explicit, internalization, adaptive, assets, efficiency, forecasts, measures, dimensions

MODELS OF BANKING RISKS MANAGEMENT

Banking risks management as a fundamental element of banking management aims at diminishing as much as possible the negative impact of risk factors, at minimizing losses by expenditures cut-off and maximizing direct and transferred influxes, changing themodel, insurance, risk

Value-Based Inventory Management

The basic financial purpose of a firm is to maximize its value. An inventory management system should also contribute to realization of this basic aim. Many current asset management models currently found in financial management literature were constructed with the assumption of book profit maximization as basic aim. However these models could lack what relates to another aim, i.e., maximization of enterprise value. This article presents a modified value-based inventory management model.Comment: no coment

Modellierung des Kreditrisikos im Portfoliofall

The current financial market crisis has impressively demonstrated the importance of an effective credit risk management for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised as a result of the crisis. Over the past decade, credit derivatives emerged as an important part of credit risk management as these offer a broad range of possibilities to reduce credit risk through active credit portfolio management. This has represented a quantum leap in the further development of credit risk management. Credit risk management without using credit derivatives no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is still challenging. The crisis has demonstrated that the issue is less about using credit derivatives than about developing valid valuation techniques. A sound understanding of already existing credit pricing models is necessary for such a development. These models are the key focus of this working paper. --Credit risk pricing models,asset-based models,asset-value models,structural models,intensity-based models,reduced-form models,credit derivatives,credit default swap,pricing,valuation,default spread,risk management,credit portfolio management

Formulation of consumables management models, executive summary

Future manned space programs that have increased launch frequencies and reusable systems require an implementation of new consumables and systems management techniques that relieve both the operations support personnel and flight crew activities. Analytical models and techniques were developed which consist of a Mission Planning Processor (MPP) with appropriate consumables data base, methods of recognizing potential constraint violations in both the planning and flight operations functions, and flight data files for storage/retrieval of information over extended periods interfacing with flight operations processors for monitoring of the actual flights. Consumables subsystems considered in the MPP were electrical power, environmental control and life support, propulsion, hydraulics and auxiliary power

Modellierung des Kreditrisikos im Einwertpapierfall

The current financial market crisis has impressively demonstrated the importance of an effective credit risk management for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised as a result of the crisis. Over the past decade, credit derivatives emerged as an important part of credit risk management as these offer a broad range of possibilities to reduce credit risk through active credit portfolio management. This has represented a quantum leap in the further development of credit risk management. Credit risk management, without using credit derivatives, no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is still challenging. The crisis has demonstrated that the issue is less about using credit derivatives than about developing valid valuation techniques. A sound understanding of already existing credit pricing models is necessary for such a development. These models are the key focus of this working paper. --Credit risk pricing models,asset-based models,asset-value models,structural models,intensity-based models,reduced-form models,credit derivatives,credit default swap,pricing,valuation,default spread,risk management,credit portfolio management

Development of Empirical Models to Rate Spruce-Fir Stands in Michigan\u27s Upper Peninsula for Hazard From the Spruce Budworm (Lepidoptera: Tortricidae): A Case History

The procedure used to develop empirical models which estimate potential spruce budworm impact to spruce-fir stands in Michigan\u27s Upper Peninsula is reviewed. Criteria used to select independent variables, to select the best of alternative multiple linear regression models. and to validate final models are discussed. Preliminary, intermediate, and final results demonstrate a cyclic pattern to the development procedure. Validation is emphasized as an important step in the procedure. Implications of using the hazard-rating system as a pest management tool in the stand management process are discussed