Abstract
This article reminds us that risk needs to be identified before it can be quantified. It points out that risk models are only as good as the people who devised them and the basic assumption needs to be frequently re-examined. Points out the advantages of using well-researched credit scoring based on current — and not just on statutory filings — and of the value of monitoring trends. It reminds the reader of the valuable risk-relevant information held in corporate trees and of the advisability of discovering what kind of corporate companions any given director has promotes awareness. Aware of the unfortunate effects that the counsel of perfection can have on cash-strapped Small and Medium Enterprises (SMEs) in difficult times — with some suggestions as how to avoid the perfect hamstringing the good.
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