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The existence of adequate financial capital at start-up as well as during the lifetime of a firm is considered to be vital not only for its survival but also for its effective trading and growth, as it can act as a buffer against unforeseen difficulties (Cooper, Gimeno-Gascon, & Woo, 1994; Chandler & Hanks, 1998; Venkataraman & Van de Ven, 1998; Cassar, 2004). Inadequate or inappropriate capital structure is often the most common reason for a large proportion of small business failures (Chaganti, DeCarolis, & Deeds, 1995).

One important element for effective local disaster risk management (DRM) is community participation. However, this is not automatic in Costa Rica. Moreover, communities do not always continue DRM activities after a project or promotional campaign by the government. Indeed, little knowledge exists regarding long-term project sustainability of local DRM activities. Based on this, the present chapter discusses whether and how communities realize long-term DRM activities, an important factor for enhancing local DRM capacity, in a sustainable manner. The study conducts semi-structured interviews in the communities in Cartago City, Costa Rica as a means of evaluation; these are communities where the local DRM project has been implemented for more than ten years.

Cartago City is located in the central valley of Costa Rica. Situated at the southern foot of the Irazu volcano and characterized by rugged mountainous topography, the city in general is exposed to multiple natural hazards including floods, volcanic eruption, and pyroclastic flows. Indeed, the city has experienced catastrophes in 1724, 1861, 1891, 1928, and 1951. The most recent one was a combination of pyroclastic flows and several floods in 1963–1964. This catastrophe caused US$3.5 million of economic damage as well as 20 deaths (ICE, 1966).

Purpose — This study assesses the effectiveness of initiatives by expatriate employees of the American Telephone and Telegraph Company (AT&T, popularly referred to as the ‘Bell System’11The use of the term ‘Bell System’ as a synonym for AT&T reflected the firm's initial dependency on the exploitation of the telephone patents of Alexander Graham Bell. The Bell System consisted of AT&T, a holding company, and its affiliates including The Bell Telephone Laboratories (research), Western Electric (manufacturing) and 13 regional telephone operating subsidiaries.) in the revival of the Japan's telecommunications system and allied industries after World War II.

Methodology — Our primary methodology involves historical analysis of archival resources for AT&T and the Civil Communications Section (CCS) of the Supreme Command Allied Powers (SCAP), the American occupation government agency responsible for advising Japanese government and industry during the period 1945–1950.

Findings — Before the war, the Bell System maintained strong direct connections in Japan. AT&T's influence during the occupation, however, was indirect: knowledge dissemination through the activities of the CCS, which had several employees on loan from the Bell System.

Research limitations/implications — While our sample of organisations seems narrow and the duration of time relatively brief, the Bell System's people made a tremendous impact: transforming the Japanese telecommunications system. This suggests that guidance and tutelage by expatriate experts may enable host countries to master best practices rapidly without incurring high costs of evolutionary development.

Social implications — Local social mores and differences in workforce educational attainment may temporarily impede the acceptance of new foreign approaches to management and administration.

Value of the chapter — This chapter demonstrates how firm-specific and proprietary knowledge built up over decades at one firm could, through the agency of expatriates, revolutionise in just a few years the basic approaches followed in another country's telecommunications industry.

Central America is exposed to a variety of natural hazards such as earthquakes, volcanic eruptions, landslides, and floods. The region, located on four connected tectonic plates with 24 active volcanoes and in the path of hurricanes, has experienced 348 major disasters from 1981 to 2010, resulting in 29,007 deaths and US$16.5 billion in direct economic losses. Therefore, all six Central American countries rank among the top 35 countries in the world at high mortality risk from multiple hazards. The countries in this region, including Costa Rica, began paying attention to the disaster risk management (DRM) initiative recently, after Tropical Storm and Hurricane Mitch in 1998, which was the region’s worst catastrophe of the century. After the devastation by Mitch, several local DRM capacity development projects were implemented in the region. By reviewing these project profiles of local DRM implemented in the region, this chapter identifies outcomes, lessons, and challenges of DRM at the local scale, from Mitch to the present, as a baseline for incorporating climate disaster risk reduction into local development planning.