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MANAGEMENT MODELS Is there a formal model that companies can follow to grow internally?
What if the problem is management models?
Hyman believes high street retailers have been overly reliant on outdated business and management models.
Similarly the interface between public services, run mainly on mid to late C20th management models and modern communications.
Banks can expect to have FSA staff not only assessing their risk management models, but also questioning their business models, takeover plans and senior staff appointments.
Citigroup acknowledged yesterday that its risk management models did not function properly during this summer's credit crisis, contributing to the company's 57percentt drop in third-quarter profit.
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They believed in risk-management models," he said, thinking that "market discipline would be better than regulation.
One, using banks' internal risk-management models, was rejected because they are insufficiently developed.
As a result, banks have spent much time and money developing sophisticated risk-management models.
"Risk-assessment and risk-management models were never well founded," he says.
One idea was to follow the risk-management models used by the banks themselves.
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