The Professor of Credit Management and MSc Finance, Programme Leader at Plymouth University, and Programme Leader for the Singapore Accounting Academy (SAA), has read and recommends 'Credit Risk Management - The Novel'. She wrote to advise her decision as follows: "I have recommended your book to a few libraries and added it to my recommended reading list."Managing customer and supplier risk in a real business (one that supplies real products and/or services) is an exciting and challenging career opportunity. However reading about the related subjects in text books can prove to be dull. This is not a text book, it is a story that follows the day to day work of a credit risk management team as they face and overcome various challenges. You are invited to 'listen in' to their conversations and read the outline of the solutions they employ. The detail of their solutions appears at the end of the book so reading the detail is optional.There is a parallel story that follows the adventures of James E Cricket an Agent of the Office of Peace, which provides an undercurrent of twists and turns.A reader commented: "It's a great idea to dramatise a subject like credit risk, I hope this becomes a trendsetter and effort is put in to make other similar subjects more interesting.""...we found obviously it's more vivid and attractive than a regular textbook by scheming plots in various scenarios instead of putting plain wording there only." a Shanghai couple.Credit Risk pervades every level of business, so as a business student or graduate there is no better way to supplement your knowledge on the subject than with practical, real life experiences. Immerse yourself in a good story and equip yourself to deal with the challenges of the real business world.Leave those academic and impractical texts gathering dust on your bookshelf and read Credit Risk Management - The Novel.
About the Author: "Under the umbrella of BarrettWells Credit Resources (www.barrettwells.co.uk and www.barrettwells.com), Ron Wells has gathered materials that explore credit management, payment security instruments, credit scoring and other related topics. His sites also provide a detailed listing of online tools and resources concerning business credit issues as well as information about the Global Management Credit Group (GCMG), a 'virtual organization...dedicated to liberating the power of credit.' 'I have been in the credit field virtually my entire working life, ' Ron noted, and with aptly earned wisdom, he concluded, 'It is only by adding value that credit can earn a seat at the table when it comes to developing strategy and solving deal structure challenges. Ironically, it is only by having a seat at the table early in the deal or business development process that credit can most effectively add value, so marketing our services internally is a vital ingredient in our daily work.' Ron has taken what he has learned over the years and has created vehicles--from websites and published articles to lectures, workshops and beyond--to spread the word. His well-received book Global Credit Management--An Executive Summary was originally published by John Wiley & Sons in December 2003. It has since been translated into Chinese (simplified characters) for a new generation of credit professionals eager for a knowledge-based resource. Ron's speaking engagements have included several presentations for FCIB, including 'Practical Country Risk and Bank Risk Management, ' 'The Role of the International Credit Manager' and 'Generic International Trade Credit ScoreCard.' In addition to his milestone CCE (Certified Credit Executive) designation, Ron also holds the Chartered Global Management Accountant (CGMA ACMA), qualified International Banker (ACIB) and Chartered Corporate Secretary (FCIS) designations." [Extracted from an article by Laura Redcay, NACM editorial staff and publications manager published in Business Credit magazine.]