Why would anyone want to invest in a company that has declared or is near bankruptcy? Most people would not want to touch such a stock but there are many who specialize in this very field. Distressed securities are the securities such as stocks, bonds, other financial claims of a company that is close to or has reached financial distress. If a company has filed for bankruptcy, it is under financial distress. This category also includes bank debt and non-performing loans. They fail to make regular interest or principal payments, and they trade at yields higher than those of similar dated...

China is known as being a modern super economic power; however, the philosophers by whom the businessmen in China follow are anything but modern. Chinese businesses have adapted the teachings of ancient philosophers and use their wisdom to transform themselves into excellent companies. Several Chinese companies are Fortune 500 companies - and these companies have gotten to their positions because of adapting these philosophies. Overseas Chinese are early adopters of the ancient Chinese philosophers have benefited and controlled the economies in Singapore, Indonesia, Malaysia, Taiwan,...

China is known as being a modern super economic power; however, the philosophers by whom the businessmen in China follow are anything but modern. Chinese businesses have adapted the teachings of ancient philosophers and use their wisdom to generate excellent companies. Several Chinese companies are Fortune 500 companies - and these companies have gotten to their positions because of adapting these philosophies. Overseas Chinese are early adopters of the ancient Chinese philosophers have benefited and controlled the economies in Singapore, Indonesia, Malaysia, Taiwan, Thailand, Hong Kong, etc....

China's greatest transformation expert was, arguably, Admiral Zheng He. Six hundred years ago, Zheng He served the Ming Dynasty's Emperor Yongle as an overseas ambassador. Long famous as a diplomat, Zheng He may also serve as an example of a collaborative business executive who transforms others. In contrast to autocratic monarchs or "lone wolf" chief executives, Zheng He exemplified collaboration even when seeking a goal with single-minded determination. This article also examines how Jack Welch, the former CEO of General Electric (GE) and renowned transformational manager also used...

China's greatest transformation expert was, arguably, Admiral Zheng He. Six hundred years ago, Zheng He served the Ming Dynasty's Emperor Yongle as an overseas ambassador. Long famous as a diplomat, Zheng He may also serve as an example of a collaborative business executive who transforms others. In contrast to autocratic monarchs or "lone wolf" chief executives, Zheng He exemplified collaboration even when seeking a goal with single-minded determination. This article also examines how Jack Welch, the former CEO of General Electric (GE) and renowned transformational manager also used...

In the smart phone business, how did Nokia overtake Motorola, Apple overtake Nokia, Samsung overtake Apple and now the Chinese manufacturer such as XiaoMi coming out of the blue to steal the market share of Samsung? Less than twenty years ago, these internet and technology companies were unknowns - Facebook, Google, Amazon, Apple etc. Today, the market capitalisation of these companies are even higher than many traditional companies. How did all these companies suddenly mushroom from nowhere to become global leaders within such a short time? It is the use of business model innovation. The...