Risk Categories Disclosed in the Administration Reports of Brazilian Companies with ADRs

The study aims to find the categories of risks disclosed in the Administration Reports of Brazilian companies with the issuance of ADR`s. The research is characterized as descriptive, accomplished through doucmentary analysis. The sample includes 28 Brazilian companies with the issuance of American Depository Receipt (ADR`s) in the Stock Exchange of New York (USA). We have tried to identify the categories of risk, presented by the companies surveyed in the Administration Reports (AR) of 2007. Seven categories of corporate risks were considered, identified through COSO (2004) methodology strategic risks, operational risks, legal risks and image risks,. The survey results show that in general there is no standaardization of the types sof risks disclosed by the companies. A total of 14 types of risks havd been identified. The predominant category in the disclosure was the operational risk, with 20.72% of the observations. There was no disclosre of image risk in the AR of the companies surveyed. It was found that 19 companies, 67.86% of the surveyed companies, demonstrate some kind of risk to which they are exposed. On the other hand, nine companies (32.14%) did not show any kind of risk.

Variable Demand and Profitability in Service Companies: a case study in the information technology sector

Managing a variable demand scenario is particularly challenging on services organizations because services companies usually have a major part of fixed costs. The article studies how a services organization manages its demand variability and its relation with the organization`s profitability. Moreover, the study searched for alternatives used to reduce the demand variability`s impact on the profitability of the company. The research was based on a case study with a Brazilian services provider on information technology business. The study suggests that alternatives like using outsourced employees to cover demand peaks may bring benefits only on short term, reducing the profitability of the company on long term: Some options are revealed, like the internationalization of employees and the investment on developing its own workforce.

The Internationalization Process as Generator Element of Dynamic Capacities: the case of WEG in Argentina and China

The objective of he article is to research the dynamic capacities developed and used by WEG in its internationalization process and to explain how these capacities help the company defends and supports competitive advantage. The article presents an exploratory study of the internationalization process of WEG in Argentina and China. This article has as analysis approach the dynamic capacities, contributes to the literature of international management in two aspects. First, it adds the analytical look of the internationalization based on dynamic capacities that are still well restricted. Second, when working the dynamic capacities as central element of the analysis of the internationalization process, it Proposes one framework of integrative analysis of the economic and behavioral theories that are used to explain the process of companies`-internationalization, although they are dealt independently and sometimes antagonistic way. The result shows as the dynamic capacities are articulated in the base of WEG in its process of internationalization for Argentina and the subsequent movement for China. The developed dynamic capacities in Argentina were acquired for the Brazilian headquarter and could have been applied in the process of internationalization for China. However, a more complex organizational structure cannot be identified where the inter-subsidiary relationships could share dynamic capacities as proposed in framework.

The Controllership Relevance or Risk Management in non-Financial Companies: a study of risk managers` and controllers` perceptions

The purpose of this study is to analyze the Controllership relevance as support risk management in non-financial companies. Risk management is a widely discussed and disseminated subject amongst financial institutions. It is obvious that economic uncertainties and, consequently, prevention and. control must also exist in non-financial companies. To enable managers to take safe-decisions, it is essential for them to be able to count on instrumental support that provides timely and adequate information, to ensure lower levels of mistakes and risk exposure. However, discussion concerning risk management in non-financial companies is still in its early stages in Brazil. Considering this gap, this study aims at assessing how Controllership has been acting in? companies under the insight of risk and how it can contribute to risk management in non-financial companies. To achieve the proposed goal, a field research was. carried-out with non-financial companies that are located in the city Sao Paulo and listed in the Sao Paulo Stock Exchange (Bovespa). The research was carried out using questionnaires, which were sent do Risk Officers and Controllers of those companies with the purpose of evaluating their perception on the subject. The results,of the research allow us to conclude that Controllership offers support to risk management, through information that contributes to the mitigation of the risks in non-financial companies.

Stakeholders Theory and Theory of the Firm: a study on the hierarchy of objective-functions in Brazilian companies

Discussion opposing the Theory of the Firm to the Theory of Stakeholders are contemporaneous and polemical. One focal point of such debates refers to which objective-function companies, should choose, whether that of the shareholders or that of the stakeholders, and whether it is possible to opt for both simultaneously. Several empirical studies. have attempted-to test a possible correlation between both functions, and there has not been any consensus-so far. The objective of the present research is to examine a gap in such discussions: is there (or not) a subordination of the stakeholders` objective-function to that of the shareholders? The research is empirical,and analytical and employs quantitative methods. Hypotheses were tested and data analyzed by using non-parametrical (chi-square test) and parametrical procedures (frequency. correlation `coefficient). Secondary data was collected from he Economitica database and from the Brazilian Institute of Social and-Economic Analyses (IBASE) website, relative to public companies that have published their Social Balance Statements following the IBASE model from 1999 to 2006, whose sample amounted to 65 companies; In order to assess the objective-function of shareholders a proxy was created based on the following three indices: ROE (return on equity), EnterpriseValue and Tobin`s Q. In order to assess the objective-function of stakeholders a proxy was created by employing the following IBASE social balance indices: internal ones (ISI), external ones (ISE), and environmental ones (IAM). The results have shown no evidence of subordination of stakeholders` objective-function to that of the shareholders in analyzed companies, negating initial expectations and calling for deeper investigation of results. Its main conclusion, which states that the attempted subordination does not take place, is limited to the sample herein investigated and calls for ongoing research aiming at improvements which may lead to sample enlargement and, as a consequence, may make feasible the application of other statistical techniques which may yield a more thorough, analysis of the studied phenomehon.

Personal Values as Basis for Strategic Segmentation: a study with Professionals from Sao Paulo

An important segmentation basis used by firms is related to consumers` personal values which are investigated in this study. It was used a descriptive research with the survey method of data collection in a sample of executives from Sao Paulo who are considered to be potential buyers of high value and innovative goods. An exploratory factor analysis was employed in order to reduce the values scale used and a cluster analysis was performed to identify the groups of executives according to the importance attached to different person values. Concluding, it was observed that there was a similarity among the three personal values dimensions, named as Civility (concerns about having a good conduct before society according to social rules of interaction), Self-Direction (intellectual aspects and practical orientation in their conducts) and Conformity (restriction of actions, inclinations and impulses, that are likely to harm others and would violate expectations) and the ones reported in the theory Rokeach`s theory about instrumental personal values. Furthermore, three groups of executives were identified (good conduct group, low restriction group and high restriction group). The differences observed in the importance of personal values here presented by the dimensions called Civility, Self-Direction and Conformity can lead to different buying behaviors and product preferences. From the results found in this study the companies could adapt their current and new products offers, as well as their communication in order to better serve these segments of executives from Sao Paulo.

CXCL12 rs1801157 polymorphism and expression in peripheral blood from breast cancer patients

The role of chemokines has been extensively analyzed both in cancer risk and tumor progression. Among different cytokines, CXCR4 and its ligand CXCL12 have been recently subjected to a closer examination. The single-nucleotide polymorphism (SNP) rs1801157 (previously known as CXCL12-A/SDF1-3`A) in the CXCL12 gene and the relative expression of mRNA CXCL12 in peripheral blood were assessed in breast cancer patients, since the chemokine CXCL12 and its receptor CXCR4 regulate leukocyte trafficking and many essential biological processes, including tumor growth, angiogenesis and metastasis of different types of tumors. Genotyping was performed by PCR-RFLP (polymerase chain reaction followed by restriction fragment length polymorphism) using MspI restriction enzyme and the expression analyses by quantitative RT-PCR. No difference in GG genotype and allele A carrier frequencies were observed between breast cancer patients and healthy blood donors and nor when CXCL12 mRNA expression was assessed among patients with different tumor stages. However a significant difference was observed when CXCL12 mRNA relative expression was analyzed in breast cancer patients in accordance to the presence or absence of the CXCL12 rs1801157 allele A. Allele A breast cancer patients presented a mRNA CXCL12 expression about 2.1-fold smaller than GG breast cancer patients. Estrogen positive patients presenting CXCL12 allele A presented a significantly lower expression of CXCL12 in peripheral blood (p = 0.039) than GG hormone positive patients. Our findings demonstrated that allele A is associated with low expression of CXCL12 in the peripheral blood from ER-positive breast cancer patients, which suggests implications on breast cancer clinical outcome. (C) 2011 Elsevier Ltd. All rights reserved.

A crise do transporte a??reo no Brasil: 2006-2007

Este estudo de caso aborda a crise vivida pelo setor de transporte a??reo brasileiro nos anos de 2006 e 2007. Deflagrada por um acidente de vulto, a crise teve como protagonistas os controladores de tr??fego a??reo, que, sob suspeita de falha funcional e comunica????o dif??cil com as autoridades do setor, reagiram por meio de uma estrat??gia de opera????o-padr??o (greve branca). Essa situa????o, somada ?? escassez de pessoal, provocou, de novembro de 2006 at?? meados de 2007, o descontrole operacional dos principais aeroportos do pa??s, com grandes preju??zos aos usu??rios. Um novo acidente a??reo, no decorrer da crise, agravou ainda mais a situa????o do setor, expondo defici??ncias estruturais e profissionais ?? opini??o p??blica brasileira, em uma ??rea at?? ent??o considerada segura. O caso relata as tentativas de equacionamento da crise por parte das autoridades respons??veis pela pol??tica de transporte a??reo, frente ao descontentamento e ??s reivindica????es dos controladores de tr??fego a??reo e ?? indigna????o da sociedade. O objetivo do estudo de caso ?? ilustrar uma situa????o de crise e de processo de negocia????o, tendo sido originalmente utilizado em uma oficina sobre negocia????es no setor p??blico. O caso pode ser utilizado como material de apoio em cursos que abordem, entre outros, os seguintes t??picos: negocia????o, gest??o de crises, comunica????o e planejamento estrat??gico

A trag??dia da regi??o serrana do Rio de Janeiro em 2011: procurando respostas

O estudo de caso trata do desastre natural ocorrido na regi??o serrana do Rio de Janeiro nos dias 11 e 12 de janeiro de 2011, considerado a maior cat??strofe clim??tica e geot??cnica do pa??s, causado por fortes chuvas que provocaram enchentes e deslizamentos em sete munic??pios. O caso tem por finalidade despertar a discuss??o sobre as vari??veis e atores que influenciaram o processo de gest??o da crise, contextualizando o desastre no cen??rio da regi??o e reconstituindo, especialmente, o processo de resposta imediata dada ?? trag??dia pelos ??rg??os envolvidos. O estudo pode ser utilizado em cursos que abordem, entre outros, os seguintes t??picos: gest??o de crise e gest??o de riscos, negocia????o, comunica????o e planejamento estrat??gico

Simula????o de reuni??o com dirigente: prepara????o de informa????es e an??lise sobre programa governamental

A simula????o visa preparar gerentes e assessores para organizarem informa????es e diagn??sticos para tomada de decis??o. Apresenta diversos pontos de vista sobre um programa em andamento e estimula debates entre gestores e atores das ??reas envolvidas. A partir da aprecia????o dos pontos de vista desses atores, os participantes dever??o se preparar, em curto espa??o de tempo, para uma reuni??o com o dirigente rec??m-empossado respons??vel pelo programa em quest??o

Avalia????o de desempenho: como avaliar os servidores de forma justa?

Na Ag??ncia Nacional de Melhorias, ??rg??o p??blico federal, os servidores t??cnico-administrativos recebem a Gratifica????o de Compensa????o do Vencimento (GCV), a qual ?? paga conforme o desempenho dos servidores, aferido anualmente. Entretanto, o processo de avalia????o de desempenho ocorre de forma injusta e com muitas disfun????es. O desempenho dos servidores n??o ?? efetivamente avaliado, como no caso da equipe do Cl??udio, que possui um servidor com desempenho aqu??m dos demais servidores, mas que recebe a mesma pontua????o

Dimensional X: a dificuldade na obten????o da informa????o em meio a problemas na gest??o de pessoas

Ant??nio foi convidado para assumir um cargo em que deveria gerenciar os sistemas de informa????o de um grande minist??rio. Com a miss??o inicial de fornecer uma informa????o sobre a for??a de trabalho, percebeu que havia problemas que iam muito al??m da simples utiliza????o desses sistemas, como a pol??tica de capacita????o de pessoal, a rotatividade de servidores, a falta de integra????o entre as ??reas e outros problemas na ??rea de gest??o de pessoas

Coopera????o Horizontal em Terra Linda: mito ou aposta?

Nas ??ltimas d??cadas o protagonismo do Brasil na arena pol??tica internacional tem se tornado mais evidente. O Pa??s tem atuado no sentido de promover a coopera????o para o desenvolvimento de v??rios pa??ses com problemas bastante complexos, buscando por meio de a????es de longo prazo alterar estruturas sociais e econ??micas. O estudo de caso apresenta o sum??rio de um diagn??stico realizado por um consultor contratado pelo governo fict??cio de Terra Linda, a fim de auxiliar a elabora????o de projeto de coopera????o horizontal a ser desenvolvido com Brasil. Embora se trate de um pa??s imagin??rio, o Estudo de Caso ?? baseado em dados reais e visa estimular o debate sobre qual o melhor modo de gerir uma parceria entre Estados-na????es, quais as ??reas priorit??rias a serem atendidas, qual a melhor forma de utilizar os recursos, bem como qual o papel de cada ator envolvido

Valores e decis??es dif??ceis

Logo no in??cio do caso, o leitor ?? colocado no papel de membro de um conselho respons??vel por uma ag??ncia rural de sa??de (??rg??o da realidade p??blica canadense) com um grande d??ficit or??ament??rio. Cabe ao conselho examinar a proposta de or??amento para o pr??ximo ano fiscal, levando em considera????o uma s??rie de fatores importantes para a adequada presta????o de servi??os de sa??de para a regi??o. O caso apresenta um hist??rico dos servi??os prestados pela ag??ncia, vis??o e valores do ??rg??o, servi??os prestados, desafios, detalhes or??ament??rios, demandas p??blicas e contexto pol??tico. Ao final, o leitor ?? incitado a tomar decis??es referentes a cortes no or??amento. O caso presta-se ao ensino de temas como gest??o or??ament??ria, planejamento e processo decis??rio

Como avaliar o desempenho de Cec??lia?

Na equipe que Francisco chefiava em um minist??rio havia uma servidora com defici??ncia. Apesar de empenhada, Cec??lia n??o conseguia produzir como os demais colegas da carreira do Plano Geral de Cargos do Poder Executivo (PGPE). Francisco se deparou com o seguinte dilema ao avaliar o desempenho de Cec??lia: qual dever?? ser o par??metro da avalia????o, o desempenho geral da equipe ou o desenvolvimento da pr??pria servidora? O Departamento de Recursos Humanos do minist??rio n??o tinha orienta????es espec??ficas para essa situa????o e coube ?? chefia tomar a dif??cil decis??o. O caso trata da necessidade de avalia????o de desempenho, sistema que hoje ?? padronizado e n??o contempla situa????es diferenciadas como a narrada. Ao final do estudo de caso, h?? quest??es para discuss??o sobre inclus??o e avalia????o de desempenho