Contending nations

Article Abstract:

Countless business professionals worldwide are willing to put their careers on hold for a chance to study at the prestigious International Institute for Management Development (IMD) in Lausanne, Switzerland. The main attraction of IMD for those seeking MBAs is its unique and very rigorous approach to business education. IMD students are made to deal with real-life business problems and are exposed to culturally diverse attitudes and ideas. The Institute aims to develop the skills of managers in applying a pragmatic and multidisciplinary approach to problem solving. IMD, however, is 'mercilessly selective,' accepting only 65 students each year. Aside from their academic qualifications and knowledge of English and another language, IMD applicants are evaluated in terms of their age, work experience, and potential contribution to the MBA program.

Colleges and universities, Education, Curricula, Executives, Business schools, International Management Development Institute

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A CA in the King's Road

Article Abstract:

Timney Fowler Finance Dir Carol Ferguson, a chartered accountant, is heavily involved in running the small Scottish fabric-design company. The firm's designs appear on textiles, ceramics, wallpapers, and bed linen, and the firm's international presence is growing. Ferguson helped create the firm's business plan, which focuses on moving away from the sale of designs toward establishing Timney Fowler as an international brand through licensing arrangements. Ferguson states that the expansion of this type of small business is dependent on marketing. While marketing creates a direct value for business, it is hard to put that value on the balance sheet, making it difficult to show banks that the firm is making progress.

Business services, not elsewhere classified, Accountants, Designers, Ferguson, Carol, Timney-Fowler

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McFayden's counsel from the prosecution

Article Abstract:

Norman McFayden, head of the fraud and specialist services unit of the Edinburgh, Scotland-based Crown Office, maintains that behind the most complex cases of fraud are simple truths. McFayden, who is a lawyer, believes that fraud is being committed simply because accounting systems are weak and excessive trust is given to individuals. Computers, according to McFayden, do not make fraud more complicated since fraud always employs new technologies. However, he admits that faster means of extracting money can confuse investigation of fraud cases. McFayden cites the effective presentation of fraud cases as the primary task of his unit, whose powers are drawn mostly from Scottish common law.

Cover Story, Practice, Fraud, Fraud investigation, McFayden, Norman

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