Source:http://www.datsyn.com/article/315/2012/03/28/Web-based-Business-Resilience-Rating-System
CONVENTIONAL RATINGS
As a result of the global financial meltdown and economic crisis, ratings and rating agencies have come under heavy fire. Ratings are highly subjective – two rating agencies don’t always issue the same rating for the same company. Moreover, ratings are expensive. Most importantly, rating typically involves interaction between the rating agency and the company wishing to be rated.
A DYNAMIC RATING FOR EVERYONE
A conventional rating process is typically carried out once a year. But in today’s turbulent and fast economy this is not enough. A quarterly, even monthly rating should be performed especially in the case of companies that are globally exposed. But why should ratings be available only to the large and rich corporations? The idea behind Self-Rating is to reach every corner of the global economy, including small and medium enterprises. This is why Self-Rating is affordable and is available on the Internet.
REDUCING BUSINESS COMPLEXITY
The goal of Self-Rating is to help companies diagnose and expose the hidden excessive complexity which is the primary source of exposure and structural fragility. This is why Self-Rating has the objective of actually measuring the current complexity of a business and on pinpointing its sources. Businesses that are simpler have the highest chances of surviving the turbulence of our times. The triple-A-rated corporations which have recently defaulted were all highly complex. This shows that tracking the financial performance of a business is not enough - you also must keep an eye on its complexity.
A RATING YOU CAN TRUST
Using ready-to-use templates the process of self-rating takes a few minutes and is fully objective since the User is the only human in the loop. A business owner knows well the financial situation of his enterprise. What he doesn’t know is if his business has been affected by a new and deadly disease – excessive complexity. Because a complexity rating is not intended for public use, you can use monthly or quarterly data which you already have and which you can trust.
The new web-based resilience rating system is available at: http://www.rate-a-business.com/index.php
Source:http://www.datsyn.com/article/315/2012/03/28/Web-based-Business-Resilience-Rating-System
