Fluent Essays

I need 3 to 5 pages of analytical and critical writing on portfolio management articles and its concept. Moreover, 2 slides for the presentation from the assignment. 5 references preferablyPortfolio Management in Double Unknown Situations: Technological Platforms and the Role of Cross-Application Managers Olga Kokshagina, Pascal Le Masson, Benoit Weil and Patrick Cogez This article investigates portfolio management in double unknown situations. Double unknown refers to a situation in which the level of uncertainty is high and both technology and markets are as yet unknown. This situation can be an opportunity for new discoveries, creation of new performance solutions and giving direction to portfolio structuring. The literature highlights that the double unknown situation is a prerequisite to designing generic technologies that are able to address many existing and emerging markets and create value across a broad range of applications. The purpose of this paper is to investigate the initial phases of generic technology governance and associated portfolio structuring in multi-project firms. We studied three empirical contexts of portfolio structuring at the European semicon- ductor provider STMicroelectronics. The results demonstrate that (1) portfolio management for generic technologies is highly transversal and comprises creating both modules to address market complementarities and the core element of a technological system – the platform, and (2) the design of generic technologies requires ‘cross-application’ managers who are able to supervise the interactions among innovative concepts developed in different business and research groups and who are responsible for structuring and managing technological and marketing exploration portfolios within the organizational structures of a company. Introduction Companies’ innovative performance de-pends strongly on efficient portfolio structuring and its management. However, companies increasingly operate in novel and unknown environments, fundamentally modifying the logic of decision making and rendering the typical planning approaches inadequate. In these situations, companies must adopt more flexible approaches to incor- porate learning and privilege interactions among projects and the corresponding envi- ronment. These significant changes in business environments and ever-growing competition are causing portfolio managers to cope with uncertainty by changing the strategic direc- tions of portfolios, balancing and prioritizing projects differently. Recent advances in the portfolio manage- ment literature make it clear that dynamic environments and increasing complexity make risk management insufficient, and a high probability of unknown risks could cause companies to question their entire port- folio and even result in its failure (Pender, 2001; Geraldi, 2008; Olsson, 2008; Petit & Hobbs, 2010; Petit, 2012). Mullins and Sutherland (1998) demonstrated that firms operating in these environments require new practices to mitigate risks, manage uncertain- ties, and increase the likelihood of future success. Reflective learning, sensemaking, balancing to ensure flexibility of portfolios ARTICLE REVIEW 7 Article review: Portfolio Management in Double Unknown Situations Financial Management Group One Prof. Thomas Leung Introduction Technological Platforms and the Role of Cross-Application Managers is an article written by the authors Olga Kokshagina, Pascal Le Masson, Benoit Weil and Patrick Cogez. The article aims at investigating management portfolio in most double management situations. Double unknown means an instance where technology and markets are unknown and where uncertainty remains high. This can be room for growth discoveries, new performance solutions, and the structuring of the portfolio. The literature emphasizes that a double unknown scenario involves creating generic technologies capable of dealing with various current and emerging industries and generating demand across a variety of applications. The article explores the initial stages and the related portfolio mechanisms of generic technology governance in multi-project companies. The review will summarize the authors view, critics of the argument, some recommendations, and a summary. Portfolio Management in Double Unknown Situations According to the authors, portfolio management and structuring in a company determine a companys innovative capabilities. But organizations are working rapidly in new and unfamiliar settings, radically shifting the rationale of decision-making and making traditional planning methods unsatisfactory. Organizations need to take more versatile approaches to combine learning and privilege of project-specific experiences in such circumstances. These significant shifts in market conditions and increasing competition contribute to confusion for portfolio managers by adjusting portfolios strategic path, balance and priority projects differently (Kokshagina et al., 2016). Recent progress in portfolio literature has shown that competitive environments and growing uncertainty do not adequately handle risks. A high likelihood of unknown risks may lead to companies questioning and even generating their portfolios. In these settings, businesses need new practices to minimize uncertainties, handle uncertainty and improve the probability that they can succeed. The article shows that the structuring portfolio of generic technology involves developing a framework that addresses business complementarities and a technological structures primary function. The results show that portfolio management must also be extremely transversal to account for the discovery of generic technology in a high degree of uncertainty (Kokshagina et al., 2016). Fund managers contend with many new technologies and markets in unknown double cases and assemble generic technology-based portfolios. There is a tremendous amount of scientific work to the rationale for generic technologies designs. The management of this process of designs is crucial to the practical design of generic technologies and portfolio implementation (Kokshagina et al., 2016). FoFNCE 623 FINANCIAL MANAGEMENT Team Project Critical Review of an Article Normal Group Size: 5 members General guideline Your team will pick a current article on a selected Financial Management topic preferably from an academic journal (preferably Canadian) or magazines and perform a critical review on that article. All team members are expected to actively participate in both their own and their fellow classmates’ work. Your research area Choose one of the following research areas: 1. Bond Market, 2. Stock Market, 3. Capital Budgeting, 4. Cost of Capital, 5. Capital Structure, and 6. Portfolio Management. Report your choice to the professor via email in the following format: Email subject line: FNCE 623 (section no.) – Proposed research area for team project Course code FNCE 623 Section no. e.g. 9 Research area e.g. Cost of capital Choice of the research areas is approved on a first-come-first-serve basis. No two teams can work on the same research area. Your article There are many issues that cause concern in Financial Management. You will need to find an article (preferably 10 pages or more) that has been published recently (preferably in the past 10 years) where there are some controversial issues, or some issues that will need clarification, discussion or even debatable. You should avoid choosing an article that just repeats the concepts taught in the class/textbook. Examples of desirable topics are: 1. The effect of coronavirus on bonds market, 2. Insider trading, etc. You have to be extra careful with the choice of articles as it might have huge impact on the score. You are solely responsible for the choice of articles as it is an integral part of your performance in your team project. The professor will not help you to choose an article. Report your choice by email in the following format: Email subject line: FNCE 623 (section no.) – Proposed article for team project Course code FNCE 623 Section no. e.g. 9 Research area e.g. Cost of capital Title of article e.g A new approach to evaluate a project using WACC Your written report Your written report should have at least 10 (maximum 20) pages of contents prepared in APA format. You need to identify core concepts mentioned in the article, you are expected to concentrate on performing further research and writing critical comments on those core concepts. Your focus is on how to apply the concepts and create solutions/recommendations to solve financial management problems. You will submit your written report to the Turnitin Box. A maximum similarity of 20\% is allowed. Cover page, content page and reference pages are excluded from the 20\% limit. Deadline Choice of a research topic and an article has to be finalized on or before February 12, Friday <sect 4>, or, February 13 Saturday <sect 9 & 20> in Week 5. Powerpoint presentation for 10 (maximum 12) minutes in total will be done by every team member on March 26, Friday <se