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<a href="http://www.accessmylibrary.com/coms2/summary_0286-26329969_ITM" title="Facts and information about Leveraging a tough economy to improve risk management: how credit managers can take advantage of a difficult economic environment to implement a consensus-building credit policy. (Selected Topic).">Leveraging a tough economy to improve risk management: how credit managers can take advantage of a difficult economic environment to implement a consensus-building credit policy. (Selected Topic).</a>
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Leveraging a tough economy to improve risk management: how credit managers can take advantage of a difficult economic environment to implement a consensus-building credit policy. (Selected Topic).
The current economic downturn offers credit managers an opportunity to exercise their influence and implement better credit policies on behalf of their employers.
For much of the go-go decade of the 1990s, credit managers saw their job of minimizing risk consigned to the back burner. As corporate strategists focused almost exclusively on growing revenue at any cost, companies grudgingly accepted higher levels of bad debt in exchange for marker share. Often, credit managers were discouraged from following existing credit policies for fear of losing potential sales.
Everything has changed since the recession of 2001, which, along with a series of ...
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Source: HighBeam Research, Leveraging a tough economy to improve risk management: how credit...