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Banking System Modeling by Viable System Modeling (VSM)

Author

Listed:
  • Ali Akbar Arghand

    (Islamic Azad University)

  • Mahmood Alborzi

    (Islamic Azad University)

  • Ali Rajabzadeh Ghatari

    (Tarbiat Modares University)

Abstract

This paper attempts to design a viable system model for banking systems that are at the risk of losing their business because of the complexity of the business environment. The complex environment that organizations are facing is an uncertain situation in which banks and financial institutions are at the risk of losing their business. Organizational structure flexibility is required for their viability in the current situation so the VSM model proposed for the banking system. Systematic action research did at Tejarat bank as one of the major banks in Iran. The VSM model designed with Viplan methodology. The VSM model proposed for Tejarat bank. This model can be used for other banking systems. The VSM model can guarantee the viability of banking systems. Adaptability to a complex environment can be obtained via this cybernetics approach.

Suggested Citation

  • Ali Akbar Arghand & Mahmood Alborzi & Ali Rajabzadeh Ghatari, 2021. "Banking System Modeling by Viable System Modeling (VSM)," Systemic Practice and Action Research, Springer, vol. 34(3), pages 269-290, June.
    • Handle: RePEc:spr:syspar:v:34:y:2021:i:3:d:10.1007_s11213-020-09527-8
    DOI: 10.1007/s11213-020-09527-8
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    References listed on IDEAS

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    1. Ali Azadeh & Kosar Darivandi Shoushtari & Mortezza Saberi & Ebrahim Teimoury, 2014. "An Integrated Artificial Neural Network and System Dynamics Approach in Support of the Viable System Model to Enhance Industrial Intelligence: The Case of a Large Broiler Industry," Systems Research and Behavioral Science, Wiley Blackwell, vol. 31(2), pages 236-257, March.
    2. William Lang & Julapa Jagtiani, 2010. "The Mortgage and Financial Crises: The Role of Credit Risk Management and Corporate Governance," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 38(3), pages 295-316, September.
    3. José Pérez Ríos, 2012. "Design and Diagnosis for Sustainable Organizations," Springer Books, Springer, edition 127, number 978-3-642-22318-1, December.
    4. Lang, William W. & Jagtiani, Julapa, 2010. "The Mortgage Financial Crises: The Role of Credit Risk Management and Corporate Governance," Working Papers 10-12, University of Pennsylvania, Wharton School, Weiss Center.
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