Environmental Consistency Confidence : Scientific Method In Financial Risk Management

The application of the scientific paradigm to business operations transformed management thinking in the early part of the 20th century. A plethora of management theorizing since often obscures the simplicity at the core of the scientific paradigm. One approach, Environmental Consistency Confidence, restores statistical correlation to its rightful place at the core of financial risk management. For financial services organisations statistical correlation integrates well with existing Key Risk Indicator (KRI) initiatives. Through Environmental Consistency Confidence, financial organisations understand the limits of their environmental comprehension