Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of systems approach

Definition of

systems approach

General Management

use of computers in business organization a technique employed for organizational decision making and problem solving involving the use of computer systems. The systems approach uses systems analysis to examine the extent to which a system's components are interrelated and interdependent. When working together, these components produce an effect greater than the sum of the parts. System components might comprise departments or functions of an organization or business which work together for an overall objective.

systems approach - Related Articles

  • Managing Operational Risks Using an All-Hazards Approach

    Best Practice

    In many organizations, the approach to dealing with operational risks is stove-piped, with different entities having responsibility for different hazards. For example, environmental health and safety worries about toxicity exposure, legal is concerned with liability, human resources focuses on occupational health, executive management has its eye on business continuity, risk management addresses insurance, and research and development cares about design failure
    By Mark Abkowitz

  • An Approach to Understanding Reputation Risk in Financial Services

    Best Practice

    In both these cases the underlying cause of loss is an operational (or other) risk event. However, along with a direct financial impact—for example, the cost of rectifying the system failure in the first case—there is also a reputational impact, which typically comes in the form of loss of business
    By Philip Whittingham

  • A Holistic Approach to Business Risk Management

    Best Practice

    In summary, all risks have potential consequences for financial and business continuity. A holistic approach means looking at each risk in the context of others, and of the business and financial risk as a whole.
    By Terry Carroll

  • Principles versus Rules in Financial Supervision—Is There One Superior Approach?

    Best Practice

    It all started with financial liberalization, which took hold in the 1970s. Between World War II and the 1970s, all financial systems around the globe were heavily regulated, or mainly in government hands. It had become common to describe the government’s approach to handling the system
    By Marc Quintyn

More

Definitions of ’systems approach’ and meaning of ’systems approach’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’systems approach’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related

Most Viewed

Recommended

Latest

 
QFINANCE www.qfinance.com