Winning independence

Article Abstract:

Scotland-based Alan Steel Asset Management had problems finding the right computer system that would help it cope with the mass of information it needs to manage its clients' unit trust, life assurance and pension portfolios. The independent financial adviser decided to resolve this issue by designing a system of its own. The firm developed an open system that is unix-based, instead of PC-based, to make it multi-user. Among the features of the system are its word-processing, data file handling and spreadsheet capability, its ability to program and reprogram at a very fast rate, and the built-in safeguards for updating of data and system-back up. Additionally, the system has a memory of 700 Megabytes so that it will continue to be useful even if the company grows. The system has helped Alan Steel increase its efficiency and take advantage of commercial software opportunities.

Software, Investment advisers, Computer engineering, Alan Steel Asset Management

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TQ: for better or for worse?

Article Abstract:

There is growing interest in quality management in Scotland, particularly in the service sector. Although the vast majority of Scottish companies are still not involved in the quality movement, about a third of them are believed to have some form of quality programs. However, observers contend that those firms concerned about quality do not havesufficient knowledge about the concept to do them any good. The British Standards Institution Quality Assurance, for one, fears that those applying forBritish Standard 5750 registration have distorted the meaning and value of the quality standard. There are many managers who still do not understand the concept of total quality and inadvertently neglect the factors necessary to make a quality management initiative work, such as a conducive organizational culture and a properly managed workforce.

Quality management, Total quality management

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It is who, you know

Article Abstract:

The major deal advisers, leaders and fixers comprising Scotland's corporate finance network are identified. The firm-by-firm survey also names newcomers establishing themselves in the area of corporate finance. The survey reveals the network to be highly fragmented, as evidenced by the limited knowledge of most companies regarding firms in other fields. The number of individuals excelling in their particular fields cited by those polled also indicates the network's growing vibrancy. Alan Malcolm of KPMG Peat Marwick emerges as the top accountant, Morgan Grenfell's Robert Smith is named best banker, while Bruce Minto of Dickson Minto ranks as the best lawyer. These and other leading corporate finance personalities are profiled.

Officials and employees, Cover Story, Personalities, Financial planners, Finance

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