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This chapter provides a detailed review of the Analysis capability. The authors draw from several disciplines to provide a definition and characterization of analysis suited to intelligence work. This chapter distinguishes clearly between analysis as a capability and analytics as a tool or a method. The distinction is essential for seeing and leveraging all of the activities involved in analysis, including Blueprint Interpretation, Analytical Method Selection, Model Construction, Source Collection, Source Organization, Source Curation & Cleaning, Testing, Interpretation, Results Assessment, and Model Documentation & Formalization. The chapter highlights the importance of analyzing the whole landscape, seeing all factors, and thinking strategically. This chapter also includes business stories and scenarios from the real world.

Kōzō Uno (1897–1977) was a unique Marxist economist in Japan. The Uno's three-stage theory of the capitalist economy, in a certain sense, was a typical framework in the system of Marxist economic theory. But the method in Uno's Principles of Political Economy (“Principles”) is different from Marx's method in “Capital” and systematic critique of political economy. Since Uno rejected a methodological character of “capital in general” in Marx, Uno's “Principles” was a closed system in a circle. The stage theory of capitalistic development, therefore, had no connection with his general theory (“Principles”). Sekisuke Mita (1906–1975) was a severe critic of Uno's methodology. Mita, a Hegelian philosopher, criticized Uno that the methodology of his “Principles” was Hegelism, and pointed out that the method of Uno's stage theory was positivism. Mita not only criticized Uno, but also criticized orthodox views of Marxian economists who had been influenced by Stalinist views. Mita asserted that the rational dialectic in the logic of “Capital” was founded on the analytical method. The central problem is a methodological meaning of the relationship between the universal and the particular. This article describes the points of rational dialectic in the methodology of Marxian political economy, overcoming Hegelism and positivism.

This paper studies the pricing of collateralized debt obligation (CDO) using Monte Carlo and analytic methods. Both methods are developed within the framework of the reduced form model. One-factor Gaussian Copula is used for treating default correlations amongst the collateral portfolio. Based on the two methods, the portfolio loss, the expected loss in each CDO tranche, tranche spread, and the default delta sensitivity are analyzed with respect to different parameters such as maturity, default correlation, default intensity or hazard rate, and recovery rate. We provide a careful study of the effects of different parametric impact. Our results show that Monte Carlo method is slow and not robust in the calculation of default delta sensitivity. The analytic approach has comparative advantages for pricing CDO. We also employ empirical data to investigate the implied default correlation and base correlation of the CDO. The implication of extending the analytical approach to incorporating Levy processes is also discussed.

The advances and continuous development of technology have been identified as significant influences on the accounting profession (AICPA, 1998). In the last twenty years, both academia and the accounting profession have been giving much attention to the demand and opportunity for audits to be performed automatically, continuously and in nearly real time. This paper presents a comprehensive review of continuous auditing research by providing an overview of the emergence and growth of the continuous auditing literature and classifying the extant continuous auditing research on the basis of four research characteristics indicated by a newly developed research taxonomy.

In this chapter, the authors build upon the value and the gaps of the traditional model to propose a more strategic and comprehensive framework for designing and conducting intelligence work. The future of intelligence work in the knowledge economy requires a new approach. The new framework includes four primary intelligence capabilities, including design, analysis, automation and operationalize, and accelerate. The framework applies to any organization operating in any economic sector.

This chapter’s aim is to outline and highlight the components of strategic planning and management framework, as well as the value and utility of strategic analysis and competitor analysis.

Extensive literature review was conducted on conceptual issues and management aspects of human resources management. A practical approach has been adopted and implemented to illustrate the value of strategic analytical tools.

This chapter provides a description and an understanding of how the analyses and tools of strategic planning and management could be used to plan and implement a business venture better. It discusses the tools enhancing the analysis of the business environment in the field of tourism.

This study is explorative in nature because the discussion is mostly based on a literature review. It takes more entrepreneurial/practical than academic approach.

The analyses of the business environment and of the competition in an industry are tasks of critical importance. If these analyses are adequately performed, the probability of success may increase. This chapter discusses the purpose, the process and the implementation of tools of strategic analysis and competitor analysis. Practical recommendations and steps are also provided.

The analytical frameworks, tools and techniques discussed in this chapter should enhance prospective entrepreneurs to adequately perform their task of analysing the tourism business environment.

The purpose of this chapter is to present the key issues and main aspects of financial management, which also constitute the main concerns of a prospective entrepreneur.

This chapter takes a perspective of the small business/prospective entrepreneur and analyses how the methods, tools and techniques of financial management can be helpful in operating the business venture. Literature review was conducted on main issues and aspects of financial management.

This chapter builds on extant bibliography to discuss the key issues and main methods of financial management. For any business, irrespective of size, to carry on its operations and achieve its objectives, financial resources are required, and such resources must be managed efficiently and effectively.

This study is explorative in nature because the discussion is mostly based on a literature review. It takes more entrepreneurial/practical than academic approach.

To contribute to the successful and sustainable operation of a tourism venture, this chapter outlines the key financial issues and presents in a practical way the main methods and techniques used when making operational and investment decisions.

This chapter attempts to equip a prospective entrepreneur with the background knowledge (main competencies), as well as the principal methods and techniques (skills) for managing the financial resources of a venture.