Banking Risk Management in a Globalizing Economy or Mind Set Management

Banking Risk Management in a Globalizing Economy

Author: Panos Angelopoulos

Banking is now an active asset-liability risk management enterprise, attributable in large part to the globalization of commerce. The authors of this descriptive yet practical, applications-oriented book examine the sources and management of traditional and nontraditional banking risks, then the conventional on-balance sheet and the modern off-balance sheet risk management methods. The authors offer experienced as well as novice practitioners an easily accessable way to understand and cope with the banking risks. The book will also be useful as a supplemental text in college-level courses on money and banking and on the operation of financial markets in general.

Booknews

Angelopoulos, a Greek credit analyst and consultant to the Ministry of Education on developing courses in banking and stock markets, and Mourdoukoutas (economics, Long Island U., New York) introduce the risks for banks in a world in which consumers can shop the Internet for banking services. They explain how to manage, measure, monitor, and control risks, emphasizing the use of financial derivatives to control the interest rate, exchange rate, and credit risks as the three major banking risks at the core of banking business. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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Mind-Set Management: The Heart of Leadership

Author: Samuel A Culbert

You can follow any business guru you want, be it Peter Drucker or Tom Peters. You can adopt any new management concept, from reengineering to "empowering people." But Samuel A. Culbert has one caveat: no matter what managerial "religion" you choose--and there are many sound ones--before you can lead, manage, or team up effectively, you must comprehend the mind-sets that direct the people with whom you are interacting. In Mind-Set Management, Culbert provides a model for thinking about other people--about their self-interested motives and about their biased views of work events--as he shows managers at all levels how to use psychology instead of manipulation in giving valid, even great, advice.
The essence of leading and managing, says Culbert, is "staging the conditions for others to be effective," which today entails giving advice and feedback, not issuing directives. This is particularly true with today's "empowering" management styles. But, as most managers know all too well, advice is often resisted, resented, and ignored. The problem, Culbert contends, is that managers don't have the other person in focus: When they formulate advice, they think they are attuned to the other person, but in fact the person they have listened to most is themselves. Mind-Set Management will help you focus on the person you want to advise, explaining what you need to learn and to know in order to give advice that is great because it is advice that actually gets used. It will prompt you to ask yourself (and will help you answer) such questions as: Why do people insist on seeing events with their own particular biases and distortions? Why do they resist my best ideas and advice about howthey can function most effectively? Why can't I get people to change how they reason and think? Why do people have so much difficulty putting internal politics aside? What's needed for people to trust one another and listen to advice? Why are some people blind to the obvious logic behind the feedback and advice they receive? Culbert has packed the book with vivid case illustrations and stories that people, whether CEOs or project staff, will identify with--weaving the concepts and stories together to present evidence that makes the lessons personally compelling. With these lessons, you will find yourself reading essential, previously unseen dimensions of what is critical in the other person's thinking. You will be better able to see where other people's interests lie and how they view the corporation and the task at hand, and you will be able to give great advice, advice that will be followed because it serves the interests of the person who receives it even as it advances the company's goals.
Today there are many new and progressive ideas about how to manage more effectively, but without the psychological component that Samuel Culbert provides in Mind-Set Management, you are simply putting old wine in new bottles--as what seems "new" quickly becomes business as usual. Thus this is an important, groundbreaking work. Indeed, Warren Bennis, in the Foreword, calls it "one of the lasting contributions to our understanding of corporations, the psychology of people who work in them, and perhaps most of all, a contribution to understanding ourselves."

Table of Contents:

1	The New Management Models: What They Say and What's Needed to Pull Them Off	3
2	The Artifact of Mind Insight	25
3	The Outsider's Perspective or "If you're from out of town, you must be an expert."	45
4	Giving Advice and Feedback Are Inherently Political Activities	64
5	Mind-Set Sensitivity: The Importance of Knowing How the Other Person Reasons and the Importance of the Other Person Knowing That You Know	84
6	Understanding What Personal Competence Means: The Alignment Model of Empowerment	105
7	Discerning Alignment Strategies and the Mind-Sets That Derive from Them	124
8	Gaining Control by Relinquishing It	149
9	Getting People Interested in the Feedback You Have to Give	167
10	Mismatches in Levels of Feedback Sent and Received	183
11	Different Levels of Influence and Advice and the Categories of Interaction They Create	203
12	Breakthrough Learning	218
13	Assessing the Feasibility of Achieving Breakthrough-Learning Results	230
14	Perspectives to Keep in Mind When Participating in Breakthrough-Learning Interactions	253
15	Breakthrough Learning: Case Study and Exam	264
16	Performance Evaluation: The Capstone Event in Giving Feedback and Advice	275
17	Breaking Out of the Program	294
18	How the Artifact of Mind Insight Instructs Us to Act	312
	Epilogue	323
	Glossary	327
	Index	335