Projects to model business process are initiated for a variety of reasons. Some organisations initiate process modelling to solve particular problems. Other organisations make process modelling as part of their continuous improvement programme. The ISO9000:2000 standard for quality management effectively mandates a process management approach for any organisations that seek the certification. A...

Corporate environments treat work activity related to processing information and the one of learning & professional training (L&T) separately, by keeping L&T on a low priority scale, and perceiving little dependency between both activities. Yet, our preliminary analysis of an organisation has revealed that both activities mutually affect each other. Wholes or parts of corporate information and ...

This paper examines the role of system dynamics in corporate strategic development. A framework for strategic development is introduced based on an analogy with feedback control. The strengths and limitations of the analogy are discussed. The basic framework is then extended to include strategic rehearsal as a ‘virtual feedback process' at the corporate level to test and modify strategic initia...

A great part of a company's product knowledge is often only available as natural language documents. The disadvantages of this source of information are its informal structure, the lack of actuality and general interdepartmental accessibility. We propose a way to integrate knowledge about a speciic product contained in technical documentation into corporate memory. By analysing e.g. maintenance...

The process of liquidity provision in financial markets can result in prolonged exposure to illiquid instruments for market makers. In this case, where a proprietary position is not desired, pro-actively targeting the right client who is likely to be interested can be an effective means to offset this position, rather than relying on commensurate interest arising through natural demand. In this...

Negative developments on the capital markets at the beginning of the millennium along with the increase in natural catastrophes and terrorist attacks have substantially altered the risk situation of the insurance industry. Insurance companies have reacted to the altered prevailing conditions with a paradigm shift in corporate strategy developing from classical turnover orientation to valueand r...

The Internal Ratings Based (IRB) approach suggested in the New Basel Accord regulations (BIS 2005) uses a capital allocation formula derived from a Merton style structural model of the credit risk of portfolios of corporate loans. Yet this formula is being applied in the case of consumer loans as well as corporate loans. This has highlighted that although there are a number of well established ...