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McKinsey: The crisis- Mobilizing boards for
change
As companies grapple with uncertainty of a magnitude that few have
experienced before, their boards should begin by questioning
fundamental strategic assumptions: Is our view of the market
realistic? Does our financing strategy take into account the new
conditions? Should we reset the incentive scheme or abandon any
approach based on share prices? Can we exploit the current glut of
talent? How can we take advantage of the pain our competitors are
experiencing?
Leer más/Read more
change
As companies grapple with uncertainty of a magnitude that few have
experienced before, their boards should begin by questioning
fundamental strategic assumptions: Is our view of the market
realistic? Does our financing strategy take into account the new
conditions? Should we reset the incentive scheme or abandon any
approach based on share prices? Can we exploit the current glut of
talent? How can we take advantage of the pain our competitors are
experiencing?
Leer más/Read more
Annual Letter to Shareholders from Berkshire
Hathaway
Berkshire Hathaway Inc, Warren Buffett's insurance and investment
company, is in the midst of one of its worst stretches since he took
over the company in 1965. Berkshire's shares have lost close to half
their value since December 2007. Investment losses have piled up as
stock markets tumble. And tens of billions of dollars are at risk on
derivative contracts that depend on stocks rising. All this makes
Buffett's annual letter to Berkshire shareholders, one of the most
eagerly awaited in the career of the 78-year-old billionaire, the
second-richest American according to Forbes magazine.
Read the letter here
Hathaway
Berkshire Hathaway Inc, Warren Buffett's insurance and investment
company, is in the midst of one of its worst stretches since he took
over the company in 1965. Berkshire's shares have lost close to half
their value since December 2007. Investment losses have piled up as
stock markets tumble. And tens of billions of dollars are at risk on
derivative contracts that depend on stocks rising. All this makes
Buffett's annual letter to Berkshire shareholders, one of the most
eagerly awaited in the career of the 78-year-old billionaire, the
second-richest American according to Forbes magazine.
Read the letter here
IXE: Acciones para la Competitividad
La crisis financiera internacional, originada en el mercado
hipotecario de Estados Unidos, ha contagiado sus efectos de
manera muy rápida y se ha dejado sentir en todas las economías del
mundo. Ha sido tan fuerte el impacto en algunos casos, que países
que habían mostrado un desempeño positivo en los últimos años y
logrado sostener tasas de crecimiento elevadas, podrían perder
buena parte de los avances conseguidos. No obstante, en un
ambiente de extrema volatilidad, lo que marcará la diferencia entre
aquellos países que retomarán su trayectoria de crecimiento y
aquellas que quedaran rezagadas, serán bases económicas sólidas
que le permitan a los países tener mayor competitividad.
Leer más/Read more
La crisis financiera internacional, originada en el mercado
hipotecario de Estados Unidos, ha contagiado sus efectos de
manera muy rápida y se ha dejado sentir en todas las economías del
mundo. Ha sido tan fuerte el impacto en algunos casos, que países
que habían mostrado un desempeño positivo en los últimos años y
logrado sostener tasas de crecimiento elevadas, podrían perder
buena parte de los avances conseguidos. No obstante, en un
ambiente de extrema volatilidad, lo que marcará la diferencia entre
aquellos países que retomarán su trayectoria de crecimiento y
aquellas que quedaran rezagadas, serán bases económicas sólidas
que le permitan a los países tener mayor competitividad.
Leer más/Read more
The Other Mexico: A wave of investment
An interesting article published recently in Business Week that
portrays the other side of the story about Mexico - the one that does
not make it to the evening news or to the major newspapers.
Ignoring the drug wars, hundreds of corporations from all over the
world continue pouring billions of dollars in foreign direct investment
in this country. Who says Mexico is a failed state?
Leer más/Read more
An interesting article published recently in Business Week that
portrays the other side of the story about Mexico - the one that does
not make it to the evening news or to the major newspapers.
Ignoring the drug wars, hundreds of corporations from all over the
world continue pouring billions of dollars in foreign direct investment
in this country. Who says Mexico is a failed state?
Leer más/Read more
Deloitte's 6th Annual Global Security Survey
This quick on-line presentation summarizes the most common issues
found by security auditors during the previous year. It provides a
valuable checklist for any auditor on the basic risk areas that should
be covered during an IT audit.
Leer más/Read more
This quick on-line presentation summarizes the most common issues
found by security auditors during the previous year. It provides a
valuable checklist for any auditor on the basic risk areas that should
be covered during an IT audit.
Leer más/Read more
KPMG: Bridging the Global Infrastructure Gap.
Views from the Executive Suite
To examine the impact of infrastructure on global businesses, the
Economist Intelligence Unit, on behalf of KPMG International,
conducted a survey of 328 C-level executives and board members,
almost half (47 percent) of whom were CEOs. The survey took place
in November and December of 2008.
Leer más/Read more
Views from the Executive Suite
To examine the impact of infrastructure on global businesses, the
Economist Intelligence Unit, on behalf of KPMG International,
conducted a survey of 328 C-level executives and board members,
almost half (47 percent) of whom were CEOs. The survey took place
in November and December of 2008.
Leer más/Read more
| ARMANDO NURICUMBO |
Performing an audit of internal control in an
integrated audit
The Center for Audit Quality (CAQ) has issued a new reference
source for public company auditors that provides lessons learned
from integrated audits of internal control over financial reporting
(ICFR). Among its suggestions, the report offers practical pointers
about performing an integrated audit, notes the benefits of a
top-down, risk-based approach to emphasize areas where material
risks are most likely, and also the advantages of maintaining an open
line of communication between the auditor, company management
and the audit committee.
Leer más/Read more
integrated audit
The Center for Audit Quality (CAQ) has issued a new reference
source for public company auditors that provides lessons learned
from integrated audits of internal control over financial reporting
(ICFR). Among its suggestions, the report offers practical pointers
about performing an integrated audit, notes the benefits of a
top-down, risk-based approach to emphasize areas where material
risks are most likely, and also the advantages of maintaining an open
line of communication between the auditor, company management
and the audit committee.
Leer más/Read more
The Real Risks of Credit Derivatives
In a revealing and almost prophetic article from 2004, two consultants
from McKinsey discuss the risks associated with credit derivatives.
Leer más/Read more
In a revealing and almost prophetic article from 2004, two consultants
from McKinsey discuss the risks associated with credit derivatives.
Leer más/Read more
How companies are benefiting from Web 2.0
The heaviest users of Web 2.0 applications are also enjoying
benefits such as increased knowledge sharing and more effective
marketing. These benefits often have a measurable effect on the
business.
Leer más/Read more
The heaviest users of Web 2.0 applications are also enjoying
benefits such as increased knowledge sharing and more effective
marketing. These benefits often have a measurable effect on the
business.
Leer más/Read more
Valuing social responsibility programs
Most companies see social responsibility programs as a way to fulfill
the contract between business and society. But do they create
financial value?
Leer más/Read more
Most companies see social responsibility programs as a way to fulfill
the contract between business and society. But do they create
financial value?
Leer más/Read more
| INTERNATIONAL CONSULTANT, CPA, CPC MEXICO & LATAM SPECIALIST |
| Poemas Favoritos |
"Very few plans survive the first two
minutes of battle."
"Half the money I spend on advertising
is wasted; the trouble is I don't know
which half."
"Under capitalism, man exploits man.
Under communism, it's just the
opposite."
"An economist is an expert who will
know tomorrow why the things he
predicted yesterday didn't happen
today."
"The only way not to think about
money is to have a great deal of it."
"Action may not always bring
happiness, but there is no happiness
without action."
“People who are hungry and out of a
job are the stuff of which dictatorships
are made.”
minutes of battle."
"Half the money I spend on advertising
is wasted; the trouble is I don't know
which half."
"Under capitalism, man exploits man.
Under communism, it's just the
opposite."
"An economist is an expert who will
know tomorrow why the things he
predicted yesterday didn't happen
today."
"The only way not to think about
money is to have a great deal of it."
"Action may not always bring
happiness, but there is no happiness
without action."
“People who are hungry and out of a
job are the stuff of which dictatorships
are made.”
| Wisdom Corner |
"No sabía que tomabas hasta que te
conocí sobria."
"Tal vez no seas más que una persona
en el mundo pero, para una persona,
eres el mundo."
"No se puede comprender una ópera de
Wagner escuchándola una sóla vez, y
yo no tengo la menor intención de
escucharla dos veces."
"No tengo miedo de morir, solamente
no quiero estar ahí cuando eso ocurra."
"No puedo cambiar la dirección del
viento, pero sí ajustar mis velas para
llegar siempre a mi destino."
"Si quieres conocer la esencia de un ser
humano y despojarlo de todas sus
máscaras...dále poder y dinero."
conocí sobria."
"Tal vez no seas más que una persona
en el mundo pero, para una persona,
eres el mundo."
"No se puede comprender una ópera de
Wagner escuchándola una sóla vez, y
yo no tengo la menor intención de
escucharla dos veces."
"No tengo miedo de morir, solamente
no quiero estar ahí cuando eso ocurra."
"No puedo cambiar la dirección del
viento, pero sí ajustar mis velas para
llegar siempre a mi destino."
"Si quieres conocer la esencia de un ser
humano y despojarlo de todas sus
máscaras...dále poder y dinero."
| Sabiduría Popular |