This volume contains eight selected chapters covering recent advances in business and management. The first chapter is a comparative empirical analysis of financial entropy from the perspective of asset management. The second chapter asks how to balance innovation and regulation in regards to SMEs and Fin Tech in the European Union. The third chapter provides a study of how interest rates effect consumption in the United Kingdom. The fourth chapter utilizes the Simus-Iosa method to perform a sensitivity analysis via lineal programming to support stakeholders in the decision process. The fifth chapter provides a systematic approach to substantiating chain management structures in business. The sixth chapter is a guide to implementing knowledge management in financial institutions which provides a flowchart for practice. The seventh chapter reviews the effects of competitive resources and capabilities as a driver toward sustained competitive advantage among manufacturing MSMEs in emerging markets. The eighth and final chapter displays the application of random walks to Bayesian classification and business decision making.