26 September 2013
The implicit ‘currencies’ behind managing real people will be discussed - how communities exchange things and in the process create their own form of currency. The currencies within organisational communities can be power, influence, status and career prospects, which employers and managers 'trade' with currencies that can be expressed more traditionally in financial terms, such as budgets and salaries. By looking at organisations as communities that trade, insights can be gained into risks comparable to those of central banks, such as inflation, devaluation or capital flight, as well as what this means for managers in terms of good governance, risk assessment and management of finances. This lecture will give you an insight into your role within your organisation.
Lecture followed by a reception sponsored by Z/Yen and the CMI City of London Branch
Alderman Professor Michael Mainelli is Emeritus Mercers' School Memorial Professor of Commerce at Gresham College, having held the chair from 2005 to 2009. His first degree was in Government from Harvard, followed by mathematics and engineering studies at Trinity College Dublin and a PhD from the London School of Economics in chaotic systems, where he was also a Visiting Professor.
Professor Mainelli is Executive Chairman of Z/Yen, the City of London’s leading commercial think-tank and venture firm, which he co-founded in 1994 to promote societal advance through better finance and technology. A qualified accountant (FCCA), securities professional (FCSI), computer specialist (FBCS) and management consultant (FIC), Michael began his career as a research scientist in aerospace (rockets) and computing (architecture & mapping). He later became a senior partner with accountants BDO Binder Hamlyn directing global consulting projects. During the 1990s he worked for the UK Ministry of Defence as Corporate Development Director for Europe’s then largest R&D firm, the Defence Evaluation & Research Agency leading to two privatisations. Career highlights include directing Z/Yen’s Long Finance initiative with Gresham College and the City of London Corporation asking “when would we know our financial system is working?” as well as creating the Global Financial Centres Index, Global Intellectual Property Index, London Accord and Farsight Award. Michael also conceived and produced the first complete digital map of the world in 1983, Mundocart (a 1980’s Google Earth), and the $20 million Geodat consortium cartography project.
Michael is non-executive Director of the United Kingdom Accreditation Service (UK’s national body for standards and laboratories), AIM-listed Sirius Minerals plc (potash mining), AIM-listed Wishbone Gold Plc; Alderman for Broad Street Ward (elected) at the City of London Corporation; Almoner for Christ’s Hospital School; Trustee of International Fund for Animal Welfare. Michael has held numerous advisory posts, for example with Hitachi UK, City University and HM Treasury. Michael won a 1996 UK Foresight Challenge award for the Financial Laboratory, 2003 UK Smart Award for prediction software, 2005 British Computer Society Director of the Year, 2011 Technology Strategy Board Challenge Award for financial avatars, and was awarded Gentiluomo of the Associazione Cavalieri di San Silvestro in 2011. Michael is a Liveryman, Worshipful Company of World Traders, Freeman, Watermen & Lightermen, and represents the Financial Services Group of Livery Companies.
Michael has published over 40 journal articles, 150 commercial articles and four books. Michael’s humorous risk/reward management novel, Clean Business Cuisine: Now and Z/Yen, written with Ian Harris, was a Sunday Times Book of the Week in 2000; Accountancy Age described it as “surprisingly funny considering it is written by a couple of accountants”. Their third co-authored book, The Price of Fish: A New Approach to Wicked Economics and Better Decisions, based on his Gresham lectures, won the 2012 Independent Publisher Book Awards Finance, Investment & Economics Gold Prize. Michael plays bagpipes, loves skiing and sailing and, with his wife, Elisabeth, he races and restores the 1923 Thames Sailing Barge Lady Daphne and sits on the world’s oldest sailing racing body, the Thames Match Committee. With an international family, Michael speaks English, German, French and Italian poorly, but even worse Spanish and Chinese.
To access all of Professor Mainelli's previous Gresham College lectures, please click here.
Christopher Seow is a Visiting Fellow in Operations and Sustainability at Cass Business School (UK) and Visiting Professor in Service Operations and Sustainability at Hainan University (China). A specialist in process improvemnt in service experience and reducing waste and carbon/water footprint in the supply chain, he has over 25 years experience in teaching, publishing and communicating business ideas and practices across Europe and the Far East and is a master Black Belt in Lean Six Sigma Quality and Operational Excellence. Malaysian born and a permanent UK resident, he has a broad understanding of the cultural sensibilities of both regions and is a frequent speaker and contributor to academic institutions in Hong Kong and Malaysia on themes of green supply chain and sustainability.
Christopher is a longstanding member of both the Editorial Review Board of the Journal of Operations Management and the Editorial Advisory Board of Business Process Management Journal. He has guest edited seven special issues in journals since 2003 and is currently lead guest editor of Decision Sciences Journal issue on "Responsible Purchasing and Supply Practices".
As a former Chairman (2008-2010) of the City of London Branch of the Chartered Management Institute and its current Vice-President, he is a commited advocate for management and leadership excellence. In addition to organising many high-profile events during his tenure, he also established the first 'twinning' of CMI branches by linking the City of London with Hong Kong and Singapore CMI branches. He is a Fellow of the RSA, a Liveryman of the Worshipful Company of World Traders, a Freeman of the City of London and a member of the judging panel for the Women in the City's Woman Achievement Award.