TOMORROW'S CHALLENGES

It's hedging time - 4 tips to start a hedge program

Currency volatility is here to stay. Here is what you need to know about hedging against currency risk at your organization

2015 has been an especially volatile year so far on the foreign exchange markets. Recent rises in the values of the US dollar and Swiss franc are causing woes in those two countries, especially for their exporting sectors. The steady drop in the value of the euro due to the European Central Bank's quantitative easing is good for Europe but bad for some of their trading partners. A loss in value of the Singapore dollar against the US dollar is causing anxiety in Asia's most competitive country.

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TOMORROW'S CHALLENGES

5 GOLDEN RULES OF MERGERS AND ACQUISITIONS

There will be lots of M&A deals in 2015. But will they create value or destroy it?

Another busy year of mergers and acquisitions (M&As) lies ahead following a bubbly $3.3 trillion of M&A deals in 2014-the most since before the financial crisis. But how many transactions in 2015 will create value rather than destroying it?

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TOMORROW'S CHALLENGES

TERMINATOR ECONOMICS

Will Europe be back in 2015?

Arnold Schwarzenegger returns as the Terminator in 2015. The big question is whether the fifth movie in the series, which comes out in July and once again stars the former governor of California, will be a huge success or a total flop.

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TOMORROW'S CHALLENGES

FINANCIAL ILLITERACY RAMPANT IN THE CORPORATE WORLD

Business schools must put finance in a broader context for a new generation of executives

Six years after the global financial crisis began, financial illiteracy remains rampant in the corporate world. This is a dangerous state of affairs and business schools are partly to blame.

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TOMORROW'S CHALLENGES

TOO LATE, MARIO DRAGHI

European Central Bank (ECB) President Mario Draghi announced the bank's latest steps in an effort to boost Europe's economy.

On Thursday 4 September, European Central Bank (ECB) President Mario Draghi announced the bank's latest steps in an effort to boost Europe's economy-it will start buying bonds that are backed by loans to companies or individuals. The details will only be known in October, but we don't need to see them to know that this is not a panacea for Europe's problems.

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TOMORROW'S CHALLENGES

The European crisis

How it could have been avoided, and what we should do now

Founded in 1680, Netherlands-based Bavaria is one of Europe's oldest family-owned beer producers. It has a reputation for operating efficiency and brewing knowhow but by 2007, as its main western European markets matured and the global industry consolidated, the need to focus more on marketing was clear.

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ARTICLE IN THE PRESS

Financial models create a false sense of security

Financial education has misled a generation of managers, encouraging them to behave badly under the pretext of pseudoscientific principles. Too many business schools are presenting these principles as financial theory to their MBA students, teaching as fact financial models that, to some extent at least, are responsible for the 2008 financial crisis.

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ARTICLE IN THE PRESS

Financial tools must be handled with care

A man ploughs his Lamborghini into two parked cars. Who is to blame? It's probably not the car. Likewise, however much we thump our computer keyboards when a programme crashes, we know that the bug is the result of human error - either by us in using the software or by the person who wrote it.

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TOMORROW'S CHALLENGES

Why the Twitter IPO isn't worth tweeting about

Optimistic assumptions pave the way for an expensive investment

So how much is Twitter worth? In announcing plans to go public, Twitter filed with the SEC for a $1 billion initial public offering. Given the small number of shares offered, this puts an overall valuation of Twitter close to $15 billion. Twitter reports having 215 million users and revenues of $317 million in 2012. But what is Twitter's real value?

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Strategic Finance

Creating value through financial excellence

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High Performance Boards (HPB)

How board directors make a real difference

Provides board members with the skills, tools and framework to boost their board's performance, as well as their own.

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IMD in the rankings

IMD's programs are ranked highly by the world's most influential business publications.

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Strategic Finance