Grenoble School of Management

About: Grenoble School of Management is a education organization based out in Grenoble, France. It is known for research contribution in the topics: Context (language use) & Business model. The organization has 359 authors who have published 1167 publications receiving 23515 citations. The organization is also known as: Grenoble École de management.

Weather derivatives structuring and pricing: a sustainable agricultural approach in Africa

Abstract: The objective of this article is to calculate the price of weather derivatives for different African countries with payout depending on temperature. A new approach for computing degree day contracts is shown and gives another scale to the numerical relevance and practical implementation of the findings. With historical data for each country, a stochastic process based on continuous time with mean reversion representing the evolution of the temperature is determined. Focusing on the Monte Carlo simulation method, the price of each contract and the potential implications to solve several aspects of the threatened African economy are presented.

Determinants of Valuation of Early-Stage High-Growth Start-Ups

Abstract: This MBA dissertation examines the determinants of valuation of early-stage high-growth start-ups. This area of valuation is different from valuation of other types of companies, in that there is little to no historic financial data available and in most cases no plausible cash-flow projections to base a valuation on. Current valuation models base mainly on financial data, which makes it hard for them to explain the value of such young companies.The financial and nonfinancial determinants of valuation that currently exist in academic and practitioners’ literature are researched and developed into 39 hypotheses of possible determinants of valuation used by practitioners appraising these start-ups. The hypotheses are grouped in four distinct domains that arose for the literature review: People, Technology, Market dynamics and Cash flow.The hypotheses are surveyed in form of an internet mediated questionnaire, asking practitioners to assign levels for every determinant on a six-level Likert-like scale, and to assign a relative importance to every one of the four domains.The survey results are analyzed by calculating median, mean and mode and ranking the determinants by their median and mean. Diverging stacked bar charts visualize the results and show how close together the rankings of the validated determinants lie.Of the 39 developed hypotheses for possible determinants, 34 are validated. 27 of them have a mode of high contribution to start-up value or higher. So no highlight can be placed on any group of determinants or domains.While this research has established the determinants employed by practitioners, it also shows that valuation is a complex topic, no single domain holds the answers to valuation, and that further research is needed to develop the determinants into a valuation framework that will be enable practitioners to determine a start-up’s monetary value.

Business Ethics and Care in Organizations

Abstract: Care is a human ability we all need for growing and flourishing. It implies considering the needs and interests of others, and the quality of how we relate to each other is often defined by care. While the value of care in private life is widely recognized, its role in the public sphere is contested and subject to political debates. In work organizations, instrumentality frequently overrides considerations for colleagues' and co-workers' well-being, while relationships are often sacrificed in the service of performance and meeting organizational targets. The questions this volume attempts to address concerns the organizational conditions that make care flourish and how a caring organization functions in practice. Specifically, we examine what it means to care for each other and what enhances caring behaviours in organizations. The volume ultimately focuses on how caring relations can contribute to making organizations better places. In this perspective, care involves the recognition of, and the limitations of, work as a key aspect of personal and social identity. Because care exceeds the sphere of individual intimacy, the book will also centre on the necessity for building caring institutions through a political process that considers the needs, contributions, and prospects of many different actors. This book aims to contribute to academic discussions on care in organizations, care work, business and organizational ethics, diversity, caring leadership, well-being in organizations, and research ethics. Managers, consultants, policy-makers, and students will find reflections about the goodness of care in organizations, and guidance about the ethical and practical difficulties of pursuing the project of building caring organizations.