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Tag Archives: Strategy

QuantumRisk is having a one-day event:

Event: Answer Your Business Questions
Topics: Strategy, Re-engineering, Financial & Risk Modeling
Price: No Charge
Date: December 14, 2009
Time: 9:00 am to 5:00 pm Mountain Standard Time
Venue: Over The Phone 303-618-2800

Email me (benjamin.t.solomon@QuantumRisk.com) your contact information and a brief summary prior to your call so that I have some idea of who you are and why you are calling.

If you don’t get through (lines are busy) and you have emailed your contact information, and I will call back on the next available business day.

We are doing this to celebrate the end of the recession, Christmas and New Year.

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Disclosure: I’m a capitalist too, and my musings & opinions on this blog are for informational/educational purposes and part of my efforts to learn from the mistakes of other people. Hope you do, too. These musings are not to be taken as financial advise, and are based on data that is assumed to be correct. Therefore, my opinions are subject to change without notice. This blog is not intended to either negate or advocate any persons, entity, product, services or political position.

Contact: Ben Solomon, Managing Principal, QuantumRisk

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Your Business Model in 1-Hour! In 1-hr you will definitely learn to quickly fix your strategy problems. Register here for Aug 17, 18 & 19 2009. This is critical  knowledge in a recession. 2 presentation slides are shown below.
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Feedback of previous related seminars:
1. Great, very informative (DM),
2. Very well thought out, effective and practical (RS)

Premium Webinar: Your Business Model in 1-Hour!

Benefit: You will immediately learn,
1. If your business model works.
2. How to recognize useful industry metrics.
3. Determine what strategies work for your company.
4. Take away some strategy maps / frameworks.   .   .   .   .   .   .    Register here.

This is a practical short course on how to recognize the real strategies your business needs and how to recognize the industry metrics for you to stay on track. It demystifies the role of financial statements and gets you back on track with real industry data to manage your strategy. This seminar concludes with a set of quick checks for your business model.

 

Who Should Attend: CxOs, Corporate Managers, Consultants & Investors.

About Benjamin T Solomon: Managing Principal of QuantumRisk LLC, he has 28+ years working in multinational, national and regional companies (Texas Instruments, West Port, Capmark, Coopers & Lybrand …) developing IT systems, streamlining business processes, designing and implementing strategies, and extensive econometric & economic capital modeling in the CMBS/RMBS industry.

Registration: This will be a 1 hour webinar limited to 20 participants per session. Register here.

Dates: August 17, 18 & 19, 2009.

Notes:
1. You will be emailed a meeting key to join, and webinar link.
2. You will be provided a pdf copy of the slides, 7 days after the seminar.
3. Last Refund Date: No refunds after Aug 14 2009.
4. Refund Policy, here.

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2 Presentation Slides:

Slide32

An Example of a Process Framework

 

Slide33

An Example of a Format Framework

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Is Your Business Model Sustainable? In 1-hr you will definitely learn to quickly fix your strategy problems. Register at Events.
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I had a very successful webinar series Strategy In A Recession? in July. 

Feedback for this webinar:
1. Great, very informative (DM),
2. Very well thought out, effective and practical (RS), &
3. Interesting ideas about strategy (JH)

August Premium Webinar:
I will be conducting another premium webinar Is Your Business Model Sustainable?

Benefit: 
You will learn,
1. How to determine if your business model is sustainable.
2. How to determine useful industry metrics.
3. Determine what business forces / strategies work for your company.
4. Take away some strategy maps / frameworks.

This is a practical short course on how to recognize the real strategies your business needs and how to determine the industry metrics required to keep on track. It demystifies the role of financial statements and gets you back on track with real industry data that should be used to manage strategy. This seminar concludes with a set of easy checks that enable you to determine if you should need to change your business model.

Who Should Attend:
CxOs, Corporate Managers, Consultants & Investors.

About Benjamin T Solomon: Managing Principal of QuantumRisk LLC, he has 28+ years working in multinational, national and regional companies (Texas Instruments, West Port, Capmark, Coopers & Lybrand …) developing IT systems, streamlining business processes, designing and implementing strategies, and extensive econometric & economic capital modeling in the CMBS/RMBS industry.

 Schedule & Payments:
This will be a 1+ hour (>30 slides) $97 fee based webinar limited to 20+ participants per session. Schedule and payments here.

Dates:
August 17, 18 & 19, 2009. 

Notes:
1.You will be emailed a meeting key to join, and webinar link.
2. You will be provided a pdf copy of the slides, Aug 18.
3. Last Refund Date: No refunds after Aug 14 2009.
5. Refund Policy, here.

 

Ben Solomon

P.S. I changed the title of the webinar from Determining the Status of Your Company to Is Your Business Model Sustainable? after I received feedback that the subject was a lot more interesting than the previous title had implied.

I’ll be talking about business strategy in a recession, or at least if there is such a thing:

 Venue: Webcast

Date: June 24, 2009, 2:00 PM Mountain Daylight Time

Seats: Limited to 20.

 

If there are more than 20, I will have another webcast covering the same topic.

Rome could not be conquered. It destroyed itself from inside. The afterglow of Rome’s strength remained for about another 200 years, and kept the barbarians at bay.

Wall St., the New Rome, had reached the power and stature of old Rome, but on a much grander scale. And in 2008 New Rome fell from grace. Here are 3 inferences why.

Abuse of Strategy: Up to 2007, we thought of Wall St. firms as excellent well managed companies, the crème de la crème of American Capitalism, but as of 2008 we know that their management teams had bled their future sustainability by maximizing profits today at any expense. With hind sight, Wall St. firms chased mortgage products in the “mistaken” belief that they had securitized away all risk. Really? What happened to the risk-return relationship? I suppose that was conveniently forgotten?

In the strategy world this is known as harvesting. Harvesting is a correct corporate strategy in a mature dying industry, but not as a management game at shareholders long term expense.

Misuse of the Term Strategy: A few years ago, a very senior financial executive in the mortgage industry came up to me and said “you cannot use frequencies to estimate probabilities”! Makes you wonder if any of these finance types really had any understanding of the risks they were taking? History suggests that they did not.

The unfortunate reality in financial services, is that strategy is mistaken for a new formula (see Recipe for Disaster: The Formula That Killed Wall Street) or worse still a new IT system. Worse because without a design document and proper records and audits it is difficult to figure out what went into this IT system. These are not strategies.

At best they are tactics, more often they are business necessities. In the world of finance, understanding your formulae, your systems, and your risk methodologies are a pre-requisites of the business. These are not strategies. If anyone tells you otherwise they really don’t understand what they are doing. 

Finally, the really bad news, is that if a formula or an IT system is your company’s strategy, chances are somebody else on the other side of the market or the world has probably also figured it out and is using it against you.

Incorrect Strategic Implementation: Looking at Wall St., (not to blame them but they are rich with examples of how not to do it) many Wall St. firms had very high powered Market Risk, Credit Risk, and Operational Risk committees, and they still failed. This is like LTCM, with their two Nobel Laureates, all over again.

Lets not just point a finger at these committees. Wall St. collapsed in spite of Sarbanes Oxley Act of 2002. Wall St., collapsed 5-6 years after Sarbanes Oxley came into effect.

The point here is that implementation failed.

For Corporate Strategy advice, please contact Ben Solomon at QuantumRisk LLC. (Note fix email address)

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Disclosure: I’m a capitalist too, and my musings & opinions on this blog are for informational/educational purposes and part of my efforts to learn from the mistakes of other people. Hope you do, too. These musings are not to be taken as financial advise, and are based on data that is assumed to be correct. Therefore, my opinions are subject to change without notice. This blog is not intended to either negate or advocate any persons, entity, product, services or political position.
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Strategy Analyses:
World class strategy analysis based on propreitary business strategy models that recognize 80 million variations of a company’s business environment. Provides a systematic method of determining one’s competitors future courses of action from public data. (Success Story: Westport)

Supply Chain / Just in Time / Kanban / Process Streamlining:
Analyses factory floor layout and product-machine relationships to determine push/pull process and optimum scheduling methods. Yes, push and pull are equivalent. The real solution is to determine which best suites your operations and industry. (Success Story: Texas InstrumentsUnilever)

VaR (Value at Risk) & CVaR (Conditional Value at Risk) Analyses:
Finding order in large noisy datasets. Determine VaR,  CVaR and the other 1% for time series, credit risk models, economic capital modeling, and commercial property losses. Yes, Solomon has developed commercial property loss models that are far more sophisticated than anything in the industry, including Wachovia’s published models. (Success Story: Capmark)

Valuation Models:
Provides Monte Carlo based equity valuation. Upper and lower limits of company valuations. Advice on what business parameters to look out for.

About the Services Provided:
QuantumRisk specializes in using statistical and numerical modeling to deliver client solutions. It is not uncommon for us to work with 220,000 or 330,000 or even 730,000 data sets/records to solve business/economic model formulation problems.

The extensions of this knowhow are the inhouse proprietary business process and framework models derived from the results of these modeling techniques, to provide strategy and business process solutions.

QuantumRisk does not provide financial advisory, tax, audit, financial engineering, legal or HR consulting services. Neither does it provide engineering or materials design consulting.

QuantumRisk does IT implementation of solutions provided per our client requirements.

Benjamin T Solomon
QuantumRisk LLC

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Disclosure: I’m a capitalist too, and my musings & opinions on this blog are for informational/educational purposes and part of my efforts to learn from the mistakes of other people. Hope you do, too. These musings are not to be taken as financial advise, and are based on data that is assumed to be correct. Therefore, my opinions are subject to change without notice. This blog is not intended to either negate or advocate any persons, entity, product, services or political position.
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