# Patent

## Title
Capital markets high performance capability assessment

## Abstract

A high-performance capability assessment model helps a capital markets business meet the challenges of the global marketplace. As a result, the capital markets business can achieve the clarity, consistency, and well-defined execution of core processes that reduce inefficiencies and waste that result from unnecessary process complexity and exceptions. In addition, the high-performance capability assessment model helps the capital markets business to identify specific areas in which improvements may be made, to understand how to make said improvements, and to establish levels of capability along the way to reaching an ultimate capability goal.

## Background
BACKGROUND OF THE INVENTION
1. Technical Field
This disclosure concerns a system and method to identify the performance of an organization on a scale of mastery across representative capabilities of the organization's industry. In particular, this disclosure relates to an efficient and cost effective way to assess the performance level of key capability areas within the processes of a capital markets organization.
2. Background Information
Modern capital markets organizations operate in an increasingly challenging environment. To survive, capital markets organizations must adapt to this environment and execute in a clear, consistent, and efficient manner. Furthermore, the competitive nature, regulatory requirements, low profit margins, and competitive challenges of capital markets businesses greatly increase the complexity and difficulty of surviving on a day-to-day basis.
Despite the need for a capital markets organization to meet the challenges of the global marketplace, it is still often the case that the business lacks clarity, consistency, and well-defined execution of its core processes. These shortcomings severely constrain the business, and lead directly to inefficiencies and waste due to unnecessary complexity, process exceptions, and customer dissatisfaction. At the same time, it can be very difficult to identify specific processes to which improvements may be made, either because the business itself does not have the expertise to identify the processes or because the complexities of the business frustrate attempts to clearly delineate the processes to be improved.
Even if the capital markets business, on its own, could identify one of the many processes that it needs to improve, the business would not necessarily know how to improve the process or be able to identify a concrete and measurable improvement goal. Another difficulty exists in determining whether there are any intermediate goals that should be reached along the way. As capital markets businesses struggle to meet the demands of the modern economic landscape, they fail to identify opportunities for maximizing sales and margin improvement, category expansion, multi-channel execution, customer satisfaction improvement, and to reach other important goals.
Therefore, a need exists for an efficient and effective system and method to assess the performance level of key assessment areas within the processes of an organization.
SUMMARY
A high-performance capability assessment (HPCA) model helps capital markets businesses meet the challenges of the global marketplace by defining a scale of performance mastery along which the current practices of the business may be located. The HPCA model accelerates the discovery of process and performance gaps within business operations. In addition, the HPCA model also helps the business to identify specific areas in which improvements may be made, how to make the improvements, and how to establish performance measures during the course of attempting to achieve an ultimate goal. As a result, the business can achieve the clarity, consistency, and well-defined execution of core processes that maximize the operating budget for optimum outcomes.
The HPCA model includes a key factor dimension and a performance mastery scale dimension. The performance mastery scale dimension defines multiple mastery levels. The performance mastery levels form a scale of increasing organizational performance. The scale includes a ‘Basic’ mastery level, a ‘Competitive’ mastery level, and a ‘Market Leading’ mastery level along a horizontal axis, and each of the three mastery levels in some capability areas may be further defined with three additional aspects, namely, processes, technology, and people. Each performance mastery level includes criteria specific to a corresponding key assessment area. Each key assessment area identifies some aspect of a capability of a capital markets business.
A business capability can be defined as a bundle of closely integrated skills, knowledge, technologies, and cumulative learning that is exercised through a set of processes and that collectively represents an organization's ability to create value by producing outcomes and results. Capability areas do not represent a delineation of organizational responsibilities as the business outcomes of a capability may be the result of a number of cross-functional teams. Capabilities of a business may be grouped into areas and/or platforms, including high-level platforms, platforms, and sub-platforms, depending on the organizational structure of the business.
For example, the HPCA model groups the capabilities of the capital markets industry into three main areas or high-level platforms, which may also be thought of as “business divisions,” namely an asset management high-level platform, an investment banking high-level platform, and a market infrastructure high-level platform. Each high-level platform includes multiple platforms. For example, the asset management high-level platform may include four platforms, namely a strategy platform, a deliver client service platform, a core asset management platform, and a corporate core platform. The investment banking high-level platform may include four platforms, namely a strategy platform, a deliver client service platform, a core investment bank platform, and a corporate core platform. Similarly, the market infrastructure high-level platform may include four platforms, namely a strategy platform, a deliver client service platform, a core market infrastructure platform, and a corporate core platform. Some of the platforms may include sub-platforms, while others may not. Examples of capabilities within the core asset management platform (corresponding to the asset management high-level platform), include for example, research and products, investment management, fund/portfolio services, core investment bank, and cross product processing.
The key factor dimension establishes a set of key assessment areas in which to analyze the capabilities of a business. Key assessment areas include performance capability criteria. Performance capability criteria populate the performance capability assessment model. The performance capability criteria may be specific to any one of many different business capabilities. Any number of performance capability assessment models and performance capability criteria may be defined and stored in a capability detail pool for subsequent retrieval and application to a business under examination. Accordingly, the HPCA model provides a flexible and adaptive scale of performance capability against which business practices may be compared to ascertain where the capabilities of a business under examination fall along the scale.
Other systems, methods, features, and advantages will be, or will become, apparent to one with skill in the art upon examination of the following figures and detailed description. All such additional systems, methods, features, and advantages are included within this description, are within the scope of the invention, and are protected by the following claims.



BRIEF DESCRIPTION OF THE DRAWINGS
The capital markets industry high-performance capability assessment model and system may be better understood with reference to the following drawings and description. The elements in the figures are not necessarily to scale, emphasis instead being placed upon illustrating the principles of the capability assessment techniques. In the figures, like-referenced numerals designate corresponding parts throughout the different views.
FIG. 1 shows a high-performance capability assessment model with a performance scale of mastery and performance criteria shown for different capabilities showing high-level platforms for asset management, investment banking, and market infrastructure.
FIG. 2 shows a high-performance capability assessment model with capabilities for platforms including strategy, deliver client service, core asset management, and corporate core corresponding to the asset management high-level platform.
FIG. 3 shows a high-performance capability assessment model with capabilities for sub-platforms including research and products, investment management, fund services, client portfolio services, and cross product processing.
FIG. 4 shows a high-performance capability assessment model with capabilities for sub-platforms including asset liability management, finance, risk management, regulatory, technology, resource management, and human resources.
FIG. 5 shows a high-performance capability assessment model with capabilities for platforms including strategy, delivery client service, core investment bank, and corporate core corresponding to the investment banking high-level platform.
FIG. 6 shows a high-performance capability assessment model with capabilities for sub-platforms including research, trading, corporate finance, and cross product processing.
FIG. 7 shows a high-performance capability assessment model with capabilities for sub-platforms including asset management, finance, risk management, regulatory, technology, resource management, and human resources.
FIG. 8 shows a high-performance capability assessment model with capabilities for platforms including strategy, deliver client service, core market infrastructure, and corporate core corresponding to the market infrastructure high-level platform.
FIG. 9 shows a high-performance capability assessment model with capabilities for sub-platforms including market offerings, clearing and settlement, custodian services, and cross platform processing.
FIG. 10 shows a high-performance capability assessment model with capabilities for sub-platforms including treasury, finance, risk management, regulatory, technology, resource management, and human resources.
FIG. 11 shows a capability detail pool providing a multidimensional capital markets industry performance reference set where multiple key assessment performance reference tables are collected and stored.
FIG. 12 shows a capability assessment system.
FIG. 13 shows a flow diagram for establishing high-performance capability assessment models.
FIG. 14 shows a flow diagram for retrieving and applying high-performance capability assessment models.
FIG. 15 shows a flow diagram for analyzing representative practice data to determine a capital markets industry and a capital markets key assessment area to which the representative practice data applies.



DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENTS
FIG. 1 shows a high-performance capability assessment (HPCA) model 100. The HPCA model 100 specifies three high-level platforms, including an asset management high-level platform 102, an investment banking high-level platform 104, and a market infrastructure high-level platform 106. Each high-level platform 102, 104, and 106 includes multiple platforms, and some of the multiple platforms further include multiple sub-platforms. The HPCA model 100 is not limited to the form shown in FIG. 1. Instead, the HPCA model 100 may be adapted and modified to fill a wide variety of analysis roles. Additional, different, or fewer platforms may be used in other implementations, with each platform defining additional, different, or fewer capabilities. Each platform and/or sub-platform includes one or more multiple <platform/sub-platform name> capabilities 130.
The HPCA model 100 establishes a multidimensional capital markets industry performance reference set that includes multiple key assessment performance levels 138, further described below in reference Tables 1-3. The performance levels 138 establish a scale of increasing effectiveness in delivery of each capability. The key assessment performance reference tables include a ‘Basic’ 140 delivery level, a ‘Competitive’ 142 delivery level and a ‘Market Leading’ 144 delivery level. The performance levels establish a scale of mastery 146 along which current business practices may be located and identified with respect to any platform and capability within a platform according to an analysis of performance capability criteria (PCC). The capability under evaluation may be assigned the performance level 138 based on a delivery effectiveness position 158 along the scale of mastery 146.
The ‘Basic’ delivery level 140 specifies ‘Basic’ performance assessment criteria, the ‘Competitive’ delivery level 142 specifies ‘Competitive’ performance assessment criteria, and the ‘Market Leading’ delivery level 144 specifies ‘Market Leading’ performance assessment criteria. The HPCA model 100 receives input data that specifies a capital markets business platform (e.g., a capital markets industry area) and a capital markets industry key assessment area for analysis. The HPCA model 100 searches the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry platform and corresponding industry capability within the platform and the capital markets industry key assessment area, and retrieves the matching key assessment performance reference table. The HPCA model 100 initiates analysis of the matching key assessment performance reference table to obtain a resultant performance assessment level for the capital markets industry key assessment area.
Tables 1-3 below provide an explanation of each of the capability levels 140, 142, and 144.







TABLE 1





‘Basic’ Delivery Level
















Description:
Capability mastery at the basic level is competitive on



a domestic or local level and selectively on a global basis.
















TABLE 2





‘Competitive’ Delivery Level
















Description:
Capability mastery at a competitive level is in the top



50% of performers when compared to domestic and



international peer groups.
















TABLE 3





‘Market Leading’ Delivery Level
















Description:
Capability mastery at a market leading level implies that 



few companies globally are performing at this level, and



can include emerging capabilities where companies have



committed significant levels of investment and resources.









For FIGS. 2-10 the capability under evaluation may be assigned a level of mastery 138 based on the business' position along the scale of mastery 146 (e.g., the ‘basic,’ ‘competitive,’ or ‘market leading’ delivery level). Performance criteria corresponding to the basic 140, competitive 142, and market leading 144 performance levels populate the HPCA model 100. The performance criteria capture characteristics, and/or other features of the delivery of a capability at a particular performance level. Examples below illustrate performance criteria that provide analysis and benchmarking for capital markets organizations. The HPCA model 100 performance criteria provide a tool for determining where a platform and capability under examination falls along the scale of mastery 146.
For example, business consultants and business process engineers may interview a business or receive data about the business to determine, measure, or otherwise ascertain the characteristics, criteria, and other features of a particular capability implemented within the business. The consultants and engineers may compare the characteristics of the business to the performance criteria in the HPCA model 100 and arrive at an assessment level 138 for the capability under examination. In doing so, for example, the consultants and engineers may identify where the capability under examination falls in terms of the performance level for each key assessment area of a capability and determine an overall position on the scale of mastery 146 for the capability under examination. Performance criteria may populate the HPCA model 100 in whole or in part. Multiple high-performance capability assessments may be collected and stored with the performance criteria for future retrieval and possible modification in a capability detail pool, discussed below.
FIG. 2 shows the asset management high-level platform 102 divided into respective capability areas 202. The asset management high-level platform 102 includes a strategy capability 220, a deliver client service capability 222, a core asset management capability 224, and a corporate core capability 226.
FIG. 3 shows the core asset management platform 224 (corresponding to the asset management high-level platform 102) divided into respective capability areas 302. The core asset management platform 224 includes a research and products capability 320, an investment management capability 322, a fund/portfolio services capability 324, a core investment bank capability 326, and a cross-product processing capability 328.
FIG. 4 shows the corporate core platform 226 (corresponding to the asset management high-level platform 102) divided into respective capability areas 402. The corporate core platform 226 includes an asset liability management capability 420, a finance capability 422, a risk management capability 424, a regulatory capability 426, a technology capability 428, a resource management capability 430, and a human resources capability 432.
FIG. 5 shows the investment banking high-level platform 104 divided into respective capability areas 502. The investment banking high-level platform 104 includes a strategy capability 520, a deliver client service capability 522, a core investment bank capability 524, and a corporate core capability 526.
FIG. 6 shows the core investment bank platform 524 (corresponding to the investment banking high-level platform 104) divided into respective capability areas 602. The core investment bank platform 524 includes a research capability 620, a trading capability 622, a corporate finance capability 624, and a cross product processing capability 626.
FIG. 7 shows the corporate platform 526 (corresponding to the investment banking high-level platform 104) divided into respective capability areas 702. The corporate core platform 526 includes an asset liability management capability 720, a finance capability 722, a risk management capability 724, a regulatory capability 726, a technology capability 728, a resource management capability 730, and a human resources capability 732.
FIG. 8 shows the market infrastructure high-level platform 106 divided into respective capability areas 802. The market infrastructure high-level platform 106 includes a strategy capability 820, a deliver client service capability 822, a core market infrastructure capability 824, and a corporate core capability 826.
FIG. 9 shows the core market infrastructure platform 824 (corresponding to the market infrastructure high-level platform 106) divided into respective capability areas 902. The core market infrastructure platform 824 includes a market offerings capability 920, a clearing and settlement capability 922, a custodian services capability 924, and a cross platform processing capability 926.
FIG. 10 shows the corporate core platform 826 (corresponding to the market infrastructure high-level platform 106) divided into respective capability areas 1002. The corporate core platform 826 includes a treasury capability 1020, a finance capability 1022, a risk management capability 1024, a regulatory capability 1026, a technology capability 1028, a resource management capability 1030, and a human resources capability 1032.
The tables provided in the appendix immediately following the abstract, which form part of this disclosure, provide an explanation of the capabilities and corresponding key assessment areas and performance criteria for each capability within the respective high-level platforms, platforms, and sub-platforms. Each capability may include one or more key assessment areas. Each key assessment area may include one or more additional key assessment areas. In other words, a business capability may include sub-capabilities, and therefore, key assessment areas corresponding to the multiple sub-capabilities. The tables in the appendix show specific criteria used to analyze each capability.
FIG. 11 shows a multidimensional capital markets industry performance reference set 1100 (“reference set 1100”) that provides a capability detail pool from which the system described below may obtain benchmarking tables for a capital markets business. The reference set 1100 includes multiple key assessment performance reference tables (“reference tables”), two of which are labeled 1102 and 1104. Each reference table may provide the benchmarking criteria for a specific capability, such as those noted above with respect to FIGS. 2-10.
One dimension of each table may establish the ‘Basic’ performance level 140 specifying ‘Basic’ performance assessment criteria, the ‘Competitive’ performance level 142 specifying ‘Competitive’ performance assessment criteria, and the ‘Market Leading’ performance level 144 specifying ‘Market Leading’ performance assessment criteria. Another dimension of each table may specify one or more key assessment areas (KAAs), several of which are labeled 1106, 1108, and 1110. As noted above, performance criteria, e.g., the PCC 1112, populates each key assessment performance reference table to provide benchmark criteria for ‘Basic,’ ‘Competitive,’ and ‘Market Leading’ characteristics.
The reference set 1100 represents the HPCA model 100. Consistent with the HPCA model 100, the reference set 1100 may organize multiple reference tables into a hierarchical structure defining discrete changes in granularity. In one implementation, the hierarchical structure includes reference tables, high-level platforms, platforms, sub-platforms, and models. FIG. 11 labels three sub-platforms 1114, 1116, and 1118. The reference set 1100 may further organize the platforms into sub-platforms, two of which are labeled 1120 and 1122. Platforms aggregate into the HPCA model 100 and corresponding reference set 1100. Additional, different, or fewer levels of granularity may be defined in the HPCA model 100.
The reference set 1100 may dynamically populate the reference tables with the most up-to-date performance criteria, for example upon retrieval and presentation by a business analysis consultant. The performance criteria may be retrieved from a performance capability criteria database or other information source.
FIG. 11 also shows an example of a database implementation 1124 of a portion of a reference table. In particular, the database implementation 1124 includes records (e.g., the records 1126, 1128, 1130) that establish each PCC 1112. In the example shown, each record includes a PCC field 1132, a category specifier field 1134, and a KAA specifier field 1136. Other fields may be provided, such as a reference table assignment field or reference set assignment field. The records categorize each PCC into a specific category (e.g., ‘Basic’), into a specific KAA, and, optionally, into a specific reference table in a specific reference set for any particular HPCA model.
FIG. 12 shows a high-performance capability assessment system (“system”) 1200. The system 1200 includes a processor 1202 and a memory 1204. Several databases support the operation of the system 1200, including a performance capability database 1206, a performance measured database 1208, a capability detail pool database 1210, and an assessment results database 1226. The system 1200 may include a local display 1212 and input/output interfaces 1217 (e.g., including a keyboard, mouse, microphone, speakers, or other device), and, through the communication interface 1214 and networks 1216, may communicate with remote devices 1218 and remote displays 1220. The networks 1216 may be any combination of external networks (e.g., the Internet) and internal networks (e.g., corporate LANs). The displays 1212 and 1220 may, for example, present performance capability assessment models 1222 that the system 1200 retrieves from the capability detail pool database 1210 for review, modification, and application by process engineers or other individuals. With regard to local access or access by the remote devices 1218, the system 1200 may include a login processing program 1224 to authenticate and/or authorize access to the system 1200. To that end, the login processing program 1224 may include username/password verification, private/public key encryption, or other validation and data protection capabilities.
In one implementation, the capability performance database 1206 stores performance criteria. As will be described in more detail below, the system 1200 may populate performance capability assessment models with performance capability criteria suited to any particular platform (e.g., an asset management platform 102, an investment banking platform 104, and a market infrastructure platform 106) and business capability at one or more capability levels across one or more key assessment areas. The performance measured database 1208 may store the determined, measured, or otherwise ascertained characteristics, criteria, and other measured data of a particular key assessment area as representative practice data 1248. The representative practice data 1248 may be obtained through interviews with business consultants and industrial engineers, through online questionnaires, through manual or automated analysis of business data (e.g., year-end operating reports), or in other manners. The capability detail pool database 1210 stores the capability detail pool 1100, which includes pre-defined performance capability assessment models 1222. The assessment results database 1226 stores determined capability levels for specific capabilities that have been analyzed.
The system 1200 facilitates the review, modification, creation, and application of performance capability assessment models. In that role, performance capability assessment model manipulation logic (“manipulation logic”) 1246 within the system 1200 creates, retrieves, and stores capability assessment data 1228 in the memory 1204. The manipulation logic 1246 may establish capability assessment data 1228 in the memory 1204, including a capability assessment data structure 1230 with multiple capability levels (“CL”) 1232 organized along a scale of mastery dimension, multiple key assessment areas (“KAA”) 1234 organized along a key factor dimension, and performance criteria (“PCC”) 1236 that populates the performance capability assessment model 1230. The manipulation logic 1246 may vary widely in implementation, and, as one example, may include data storage logic 1252 that saves data in memory and user interface logic that accepts capability level specifications, key assessment area specifications, and performance capability criteria inputs to create new performance capability assessment models, to modify existing performance capability assessment models, to delete performance capability assessment models, or to retrieve performance capability assessment models for review.
In one implementation, the manipulation logic 1246 establishes the capability assessment data structure 1230 to include a multidimensional capital markets industry performance reference set that includes multiple key assessment performance reference tables in which the key assessment performance reference tables include a ‘Basic’ capability performance level, a ‘Competitive’ capability performance level, and a ‘Market Leading’ capability performance level.
The capability assessment data 1228 may also include a capability position specifier 1238. The capability position specifier 1238 may record the capability level along the scale of mastery 146, as determined for any particular capability. Thus, the system 1200 may store the performance level in the assessment results database 1226 or elsewhere for future retrieval and review.
In one implementation, the data population logic 1240 may be a data population program executed by the processor 1202 that populates template performance capability assessment models. For example, the data population logic 1240 may include input logic 1250 that accepts input specifying a capability of interest that indicates a particular performance capability assessment model. The data population logic 1240 may include query logic 1245 that executes database queries and prompts a user for input to obtain the corresponding performance capability criteria for the capability of interest.
In another implementation, for example, the query logic 1245 may receive an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis. The query logic 1245 searches the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area, and retrieves the matching key assessment performance reference table.
The data population logic 1240 may further include storage logic that adds the retrieved performance capability criteria to the template performance capability assessment model. The data population logic 1240 produces populated performance capability assessment structures 1242 that may be stored in the capability detail pool database 1210.
In addition to the analysis process described above, the system 1200 may provide an automated analysis of representative practice data 1248 that identifies relevant performance capability criteria and determines the position on the scale of mastery 146 of each key assessment area corresponding to the performance capability criteria for the representative practice data 1248. As one example, the system 1200 may implement capability assessment logic 1244 that includes comparison and/or matching logic that analyzes the representative practice data 1248 with respect to performance capability criteria to locate key assessment areas for which the system 1200 can determine capability levels to obtain a resultant performance level for each key assessment area.
Furthermore, the capability assessment logic 1244 may determine an overall position on the scale of mastery 146 as the capability position specifier 1238 for a capability under examination given the knowledge of where the key assessment areas corresponding to the capability under examination fall in each capability level. Thus, for example, the capability assessment logic 1244 may determine an overall capability level for a capability corresponding to the capability level for the majority of the key assessment areas, or it may apply a weighted analysis technique to give more emphasis to some key assessment areas than others in determining the overall position on the scale of mastery 146 for a capability. As another example, the capability assessment logic 1244 may implement an expert system (e.g., based on a neural network trained on prior determinations) that analyzes the determined characteristics with respect to the performance capability criteria and ascertains where the capability under examination falls along the scale of mastery 146 for each of the key assessment areas, or overall on the scale of mastery.
FIG. 13 shows a flow diagram 1300 for creating performance capability assessment models. The performance capability assessment model creator (e.g., the manipulation logic 1246) establishes a key factor dimension for the performance capability assessment model (1302). The performance capability assessment model creator also establishes a capability scale dimension for the performance capability assessment model (1304). The capability scale dimension may define a scale of increasing organizational capability. For example, the structure creator may create the ‘Basic’ level 140, the ‘Competitive’ level 142, and the ‘Market Leading’ level 144. The performance capability assessment model creator also populates the performance capability assessment model with capability performance criteria (1306). A capability detail pool 1100 may be formed to hold multiple tailored key assessment performance reference tables (1308). The performance capability assessment model creator may store the populated assessment structure in the capability detail pool for subsequent retrieval and analysis (1310).
FIG. 14 shows a flow diagram 1400 for retrieving and applying performance capability assessment models. A selection of a capability to be analyzed is obtained (1402). In one implementation, the system 1200 receives input data that specifies a capital markets industry area and a capital markets industry key assessment area for analysis. For example, the system 1200 may accept input from a business consultant that specifies a capability for analysis. The system 1200 may query the capability detail pool 1100 for a corresponding performance capability assessment model (1404). The corresponding performance capability assessment model may be pre-defined in the capability detail pool 1100, or the data population logic 1240 (or other actor) may populate a performance capability assessment model template that the system 1200 newly creates, or that the system 1200 retrieves from a data store, such as the capability detail pool database 1210.
In another example, the system 1200 searches the multidimensional capital markets industry performance reference set in the capability detail pool 1100 for a matching key assessment performance reference table based on the input data that specifies a capital markets industry platform and a capital markets industry key assessment area. The system 1200 retrieves the matching key assessment performance reference table and initiates analysis of the matching key assessment performance reference table to obtain a resultant performance level for the capital markets industry key assessment area.
The system 1200 obtains representative practice data 1248 for the capability under examination in the specific business under review (1406). For example, a business consultant may interview the business to determine how the business currently executes the capability under review. As another example, a representative from the business may complete a questionnaire, submit business data for analysis and parameter extraction, or otherwise provide the characteristics of their current capability execution. As a further example, the system 1200 may retrieve the representative practice data 1248 from a database of previously obtained representative practice data.
The system 1200 compares the representative practice data 1248 to the performance criteria in the performance capability assessment model (1408). For example, a business consultant may use his or her expertise to arrive at a determination of level for the business and the capability under examination (1410). Alternatively or additionally, the capability assessment logic 1244 may perform an automated analysis of the assessment results data in the assessment results database 1226 and ascertain the performance level on the scale of mastery 146. The system 1200 may store the assessment results, including the determined performance level, for future reference in the assessment results database 1226 or other location (1412).
FIG. 15 shows a flow diagram 1500 for analyzing representative practice data 1248 to determine a capital markets industry and a capital markets key assessment area to which the representative practice data applies. The system 1200 receives representative practice data 1248 as input data (1502). The system 1200 may receive the representative practice data 1248 from a database query performed by the query logic 1245 that the query logic executes periodically, when instructed by an operator, and/or automatically against any number of available database sources that store representative practice data 1248. The capability assessment logic 1244 analyzes the representative practice data 1248 to identify performance capability criteria in the capability detail pool 1100 that the capability assessment logic 1244 determines relevant to the representative practice data 1248 (1504). For example, the capability assessment logic 1244 may compare and/or match the content of the representative practice data 1248 with the performance capability criteria using natural language processing (NLP), text string, and/or substring matching, by comparing tags linked to the representative practice data 1248 and that specify that any portion of the representative practice data 1248 is applicable to a specific PCC, by querying for a manual classification of the representative practice data 1248 to a PCC, or other matching technique. The capability assessment logic 1244 may score and/or weight a performance capability criteria and compare the score and/or weight to a user specified relevance threshold to rank the relevance of the performance capability criteria to the representative practice data 1248 (1506). The user may specify particular terms and/or phrases to search and match between the performance capability criteria and the representative practice data 1248, in order to score the performance capability criteria.
The capability assessment logic 1244 may determine, based on the number of performance capability criteria that meet or exceed the relevance threshold, that the capability assessment logic 1244 has identified a sufficient number of performance capability criteria for a specific key assessment area in order to determine a performance level for the capability as a whole or any key assessment area within the capability (1508). As one example, where at least 51% of the performance capability criteria for a particular key assessment area meet or exceed the relevance threshold, the capability assessment logic 1244 applies the performance capability criteria to the representative practice data 1248. In another example, the performance capability criteria for a particular key assessment area may be ranked in importance and/or designated as mandatory in order to assess the key assessment area. In the event the capability assessment logic 1244 identifies the mandatory performance capability criteria for a key assessment area, the capability assessment logic 1244 applies the performance capability criteria to the representative practice data 1248.
The capability assessment logic 1244 may apply the performance capability criteria meeting or exceeding the relevance threshold to the representative practice data 1248 to determine whether any particular PCC is met. Accordingly, as the capability assessment logic 1244 analyzes the PCC, the system 1200 tracks the best fit of the representative practice data 1248 to the PCCs in the key assessment performance reference tables. In other words, the system 1200 determines how the representative practice data 1248 meets (or does not meet) each PCC, thereby gaining insight into whether the representative practice data 1248 is indicative of ‘Basic,’ ‘Competitive,’ or ‘Market Leading’ practices.
The system 1200 may also gauge the position on the scale of mastery 146 of each key assessment area corresponding to the performance capability criteria (1510). The capability assessment logic 1244 may further determine an overall position on the scale of mastery 146 for a capability (1512). The capability assessment logic 1244 may establish that a desired number and/or designated mandatory performance capability criteria for the key assessment areas have been identified as relevant to a capability and sufficient to determine the position on the scale of mastery 146 for the capability. For example, the capability assessment logic 1244 may determine an overall performance level for the capability based on the performance level determined for the majority of the key assessment areas. The capability assessment logic 1244 may apply a weighted analysis technique to give more emphasis to some key assessment areas than others in determining the overall position on the scale of mastery 146 for the capability. Although selected aspects, features, or components of the implementations are depicted as being stored in computer-readable memories (e.g., as computer-executable instructions or performance capability assessment models), all or part of the systems and structures may be stored on, distributed across, or read from other computer-readable media. The computer-readable media may include, for example, secondary storage devices such as hard disks, floppy disks, and CD-ROMs; a signal, such as a signal received from a network or received at an antenna; or other forms of memory, including ROM or RAM, either currently known or later developed.
Various implementations of the system 1200 may include additional or different components. A processor may be implemented as a microprocessor, a microcontroller, a DSP, an application specific integrated circuit (ASIC), discrete logic, or a combination of other types of circuits or logic. Similarly, memories may be DRAM, SRAM, Flash or any other type of memory. The processing capability of the system may be distributed among multiple system components, such as among multiple processors and memories, optionally including multiple distributed processing systems. Parameters, databases, and other data structures may be separately stored and managed, may be incorporated into a single memory or database, may be logically and physically organized in many different ways, and may be implemented in many ways, including data structures such as linked lists, hash tables, or implicit storage mechanisms. Programs may be combined or split among multiple programs, or distributed across several memories and processors.
The HPCA 100 model provides unexpectedly good results for a performance capability assessment model, particularly in the capital markets industry. In particular, the combinations of key assessment areas and particular assessment criteria of the HPCA model, including the criteria noted in the Appendix of Tables, provide significant advantages over other assessment models. The unexpectedly good results include clearly identifying and delineating from among multiple related complex processes the specific processes to improve, how to improve the process, and identifying concrete and measurable improvement goals.
While various embodiments of the invention have been described, it will be apparent to those of ordinary skill in the art that many more embodiments and implementations are possible within the scope of the invention. Accordingly, the invention is not to be restricted except in light of the attached claims and their equivalents.

## Claims

1. A computer-implemented method for high-performance capability assessment of a capital markets business, comprising:
providing a processor operatively coupled to a communication network;
providing one or more databases operatively coupled to the processor and accessible through the communication network;
coupling an interface to the processor for receiving input;
the processor establishing a machine-readable memory in said one or more databases, including a multidimensional capital markets industry performance reference set comprising multiple key assessment performance reference tables, at least one key assessment performance reference table defining a core investment banking platform in an investment banking high-level platform, including:
a ‘Basic’ performance level specifying ‘Basic’ performance assessment criteria;
a ‘Competitive’ performance level specifying ‘Competitive’ performance assessment criteria;
a ‘Market Leading’ performance level specifying ‘Market Leading’ performance assessment criteria;

establishing trading risk management assessment criteria,
wherein the ‘Basic’ performance assessment criteria includes a first criteria for legacy processes where processes are based off an existing legacy product set and do not cater to new products and change without significant manual work;
wherein the ‘Competitive’ performance assessment criteria includes a first criteria for risk management processes include doing what is required to pass audit points; and
wherein the ‘Market Leading’ performance assessment criteria includes a first criteria for aligned processes where processes are aligned with the risk management strategy for the business;

receiving, by the processor, an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis;
searching, by the processor, the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area;
retrieving, by the processor, the matching key assessment performance reference table;
analyzing, by the processor, the matching key assessment performance reference table; and
obtaining, by the processor, a resultant performance level for the capital markets industry key assessment area.

2. The computer-implemented method of claim 1, further including establishing corporate finance complex finance assessment criteria.

3. The computer-implemented method of claim 1, further including establishing corporate finance advisory assessment criteria.

4. A computer-implemented method for high-performance capability assessment of a capital markets business, comprising:
providing a processor operatively coupled to a communication network;
providing one or more databases operatively coupled to the processor and accessible through the communication network;
coupling an interface to the processor for receiving input;
the processor establishing a machine-readable memory in said one or more databases, including a multidimensional capital markets industry performance reference set comprising multiple key assessment performance reference tables, at least one key assessment performance reference table defining a core investment banking platform in an investment banking high-level platform, including:
a ‘Basic’ performance level specifying ‘Basic’ performance assessment criteria;
a ‘Competitive’ performance level specifying ‘Competitive’ performance assessment criteria;
a ‘Market Leading’ performance level specifying ‘Market Leading’ performance assessment criteria;

establishing trading execution assessment criteria,
wherein the ‘Basic’ performance assessment criteria includes a first criteria for trade execution where multiple execution solutions are not standardized;
wherein the ‘Competitive’ performance assessment criteria includes a first criteria for execution where execution remains fragmented, although more control mechanisms monitor execution facilitate exception handling; and
wherein the ‘Market Leading’ performance assessment criteria includes a first criteria for market access where direct market access is fully implemented;

receiving, by the processor, an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis;
searching, by the processor, the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area;
retrieving, by the processor, the matching key assessment performance reference table;
analyzing, by the processor, the matching key assessment performance reference table; and
obtaining, by the processor, a resultant performance level for the capital markets industry key assessment area.

5. A computer-implemented method for high-performance capability assessment of a capital markets business, comprising:
providing a processor operatively coupled to a communication network;
providing one or more databases operatively coupled to the processor and accessible through the communication network;
coupling an interface to the processor for receiving input;
the processor establishing a machine-readable memory in said one or more databases, including a multidimensional capital markets industry performance reference set comprising multiple key assessment performance reference tables, at least one key assessment performance reference table defining a core investment banking platform in an investment banking high-level platform, including:
a ‘Basic’ performance level specifying ‘Basic’ performance assessment criteria;
a ‘Competitive’ performance level specifying ‘Competitive’ performance assessment criteria;
a ‘Market Leading’ performance level specifying ‘Market Leading’ performance assessment criteria;

establishing trading quote and orders assessment criteria,
wherein the ‘Basic’ performance assessment criteria includes a first criteria for RFQ Process where RFQ/Quoting processes are inconsistent across business lines and regions;
wherein the ‘Competitive’ performance assessment criteria includes a first criteria for a trading book where one consistent view of trading book exists for limited number of desks/business lines; and
wherein the ‘Market Leading’ performance assessment criteria includes a first criteria for order history where an Audit of Quote/Order history is maintained and is easily accessible;

receiving, by the processor, an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis;
searching, by the processor, the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area;
retrieving, by the processor, the matching key assessment performance reference table;
analyzing, by the processor, the matching key assessment performance reference table; and
obtaining, by the processor, a resultant performance level for the capital markets industry key assessment area.

6. A non-transient computer-readable memory or data storage means encoded with data representing a computer program for a high-performance capability assessment of a capital markets business, the computer-readable memory or data storage means causing the computer to perform the acts of:
providing a processor operatively coupled to a communication network;
providing one or more databases operatively coupled to the processor and accessible through the communication network;
coupling an interface to the processor for receiving input;
establishing a machine-readable memory in said one or more databases, including a multidimensional capital markets industry performance reference set comprising multiple key assessment performance reference tables, at least one key assessment performance reference table defining a core investment banking platform in an investment banking high-level platform, including:
a ‘Basic’ performance level specifying ‘Basic’ performance assessment criteria;
a ‘Competitive’ performance level specifying ‘Competitive’ performance assessment criteria;
a ‘Market Leading’ performance level specifying ‘Market leading’ performance assessment criteria;

establishing a trading risk management assessment criteria,
wherein the ‘Basic’ performance assessment criteria includes a first criteria for legacy processes where processes are based off existing legacy product sets and do not cater to new products and change without significant manual work;
wherein the ‘Competitive’ performance assessment criteria includes a first criteria for risk management processes where tasks are done based on what is required to pass audit points; and
wherein the ‘Market Leading’ performance assessment criteria includes a first criteria for aligned processes where processes are aligned with a risk management strategy for the business;

receiving, by the processor, an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis;
searching, by the processor, the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area;
retrieving, by the processor, the matching key assessment performance reference table;
analyzing, by the processor, the matching key assessment performance reference table; and
obtaining, by the processor, a resultant performance level for the capital markets industry key assessment area.

7. The non-transient computer-readable medium of claim 6 further comprising computer-readable content to cause a computer to perform acts of establishing corporate finance complex finance assessment criteria.

8. The non-transient computer-readable medium of claim 6 further comprising computer-readable content to cause a computer to perform acts of establishing corporate finance advisory assessment criteria.

9. A non-transient computer-readable memory or data storage means encoded with data representing a computer program for a high-performance capability assessment of a capital markets business, the computer-readable memory or data storage means causing the computer to perform the acts of:
providing a processor operatively coupled to a communication network;
providing one or more databases operatively coupled to the processor and accessible through the communication network;
coupling an interface to the processor for receiving input;
establishing a machine-readable memory in said one or more databases, including a multidimensional capital markets industry performance reference set comprising multiple key assessment performance reference tables, at least one key assessment performance reference table defining a core investment banking platform in an investment banking high-level platform, including:
a ‘Basic’ performance level specifying ‘Basic’ performance assessment criteria;
a ‘Competitive’ performance level specifying ‘Competitive’ performance assessment criteria;
a ‘Market Leading’ performance level specifying ‘Market leading’ performance assessment criteria;

establishing a trading execution assessment criteria,
wherein the ‘Basic’ performance assessment criteria includes a first criteria for trade execution where multiple execution solutions are not standardized;
wherein the ‘Competitive’ performance assessment criteria includes a first criteria for execution where execution remains fragmented, although more control mechanisms monitor execution facilitate exception handling;
wherein the ‘Market Leading’ performance assessment criteria includes a first criteria for market access where direct market access is fully implemented;

receiving, by the processor, an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis;
searching, by the processor, the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area;
retrieving, by the processor, the matching key assessment performance reference table;
analyzing, by the processor, the matching key assessment performance reference table; and
obtaining, by the processor, a resultant performance level for the capital markets industry key assessment area.

10. A non-transient computer-readable memory or data storage means encoded with data representing a computer program for a high-performance capability assessment of a capital markets business, the computer-readable memory or data storage means causing the computer to perform the acts of:
providing a processor operatively coupled to a communication network;
providing one or more databases operatively coupled to the processor and accessible through the communication network;
coupling an interface to the processor for receiving input;
establishing a machine-readable memory in said one or more databases, including a multidimensional capital markets industry performance reference set comprising multiple key assessment performance reference tables, at least one key assessment performance reference table defining a core investment banking platform in an investment banking high-level platform, including:
a ‘Basic’ performance level specifying ‘Basic’ performance assessment criteria;
a ‘Competitive’ performance level specifying ‘Competitive’ performance assessment criteria;
a ‘Market Leading’ performance level specifying ‘Market leading’ performance assessment criteria;

establishing trading quote and orders assessment criteria,
wherein the ‘Basic’ performance assessment criteria includes a first criteria for an RFQ Process where RFQ/Quoting processes are inconsistent across business lines and regions;
wherein the ‘Competitive’ performance assessment criteria includes a first criteria for a trading book where one consistent view of trading book exists for limited number of desks/business lines;
wherein the ‘Market Leading’ performance assessment criteria includes a first criteria for an order history where an Audit of Quote/Order history is maintained and is easily accessible;

receiving, by the processor, an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis;
searching, by the processor, the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area;
retrieving, by the processor, the matching key assessment performance reference table;
analyzing, by the processor, the matching key assessment performance reference table; and
obtaining, by the processor, a resultant performance level for the capital markets industry key assessment area.

11. A system for high-performance capability assessment of a capital markets business, comprising:
a processor operatively coupled to a communication network;
an interface coupled to the processor configured to receive input;
one or more databases operatively coupled to the processor and accessible through the communication network;
a machine-readable memory operatively located in said one or more databases, said memory including a multidimensional capital markets industry performance reference set comprising multiple key assessment performance reference tables, at least one key assessment performance reference table defining a core investment banking platform in an investment banking high-level platform including:
a ‘Basic’ performance level specifying ‘Basic’ performance assessment criteria;
a ‘Competitive’ performance level specifying ‘Competitive’ performance assessment criteria;
a ‘Market Leading’ performance level specifying ‘Market leading’ performance assessment criteria;

the processor establishing trading risk management assessment criteria,
wherein the ‘Basic’ performance assessment criteria includes a first criteria for legacy processes where processes are based off existing legacy product set and do not cater to new products and change without significant manual work;
wherein the ‘Competitive’ performance assessment criteria includes a first criteria for risk management processes where tasks are done in order as is required to pass audit points; and
wherein the ‘Market Leading’ performance assessment criteria includes a first criteria for aligned processes where processes are aligned with a risk management strategy for the business;

the interface receiving an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis;
wherein the processor searches the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area, and retrieves the matching key assessment performance reference table; and
wherein the processor performs analysis of the matching key assessment performance reference table; and obtains a resultant performance level for the capital markets industry key assessment area.

12. The system of claim 11, wherein the processor establishes corporate finance complex finance assessment criteria.

13. The system of claim 11, wherein the processor establishes corporate finance advisory assessment criteria.

14. A system for high-performance capability assessment of a capital markets business, comprising:
a processor operatively coupled to a communication network;
an interface coupled to the processor configured to receive input;
one or more databases operatively coupled to the processor and accessible through the communication network;
a machine-readable memory operatively located in said one or more databases, said memory including a multidimensional capital markets industry performance reference set comprising multiple key assessment performance reference tables, at least one key assessment performance reference table defining a core investment banking platform in an investment banking high-level platform including:
a ‘Basic’ performance level specifying ‘Basic’ performance assessment criteria;
a ‘Competitive’ performance level specifying ‘Competitive’ performance assessment criteria;
a ‘Market Leading’ performance level specifying ‘Market leading’ performance assessment criteria;

the processor establishing trading execution assessment criteria,
wherein the ‘Basic’ performance assessment criteria includes a first criteria for trade execution where multiple execution solutions are not standardized;
wherein the ‘Competitive’ performance assessment criteria includes a first criteria for execution where execution remains fragmented, although more control mechanisms monitor execution facilitate exception handling;
wherein the ‘Market Leading’ performance assessment criteria includes a first criteria for market access where direct market access is fully implemented;

the interface receiving an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis;
wherein the processor searches the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area, and retrieves the matching key assessment performance reference table; and
wherein the processor performs analysis of the matching key assessment performance reference table; and obtains a resultant performance level for the capital markets industry key assessment area.

15. A system for high-performance capability assessment of a capital markets business, comprising:
a processor operatively coupled to a communication network;
an interface coupled to the processor configured to receive input;
one or more databases operatively coupled to the processor and accessible through the communication network;
a machine-readable memory operatively located in said one or more databases, said memory including a multidimensional capital markets industry performance reference set comprising multiple key assessment performance reference tables, at least one key assessment performance reference table defining a core investment banking platform in an investment banking high-level platform including:
a ‘Basic’ performance level specifying ‘Basic’ performance assessment criteria;
a ‘Competitive’ performance level specifying ‘Competitive’ performance assessment criteria;
a ‘Market Leading’ performance level specifying ‘Market leading’ performance assessment criteria;

the processor establishing trading quote and orders assessment criteria,
wherein the ‘Basic’ performance assessment criteria includes a first criteria for RFQ Process where RFQ/Quoting processes are inconsistent across business lines and regions;
wherein the ‘Competitive’ performance assessment criteria includes a first criteria for a trading book where one consistent view of trading book exists for limited number of desks/business lines;
wherein the ‘Market Leading’ performance assessment criteria includes a first criteria for order history where Audit of Quote/Order history is maintained and is easily accessible;

the interface receiving an input specifying a capital markets industry area and a capital markets industry key assessment area with the capital markets industry area for analysis;
wherein the processor searches the multidimensional capital markets industry performance reference set for a matching key assessment performance reference table that matches the capital markets industry area and the capital markets industry key assessment area, and retrieves the matching key assessment performance reference table; and
wherein the processor performs analysis of the matching key assessment performance reference table; and obtains a resultant performance level for the capital markets industry key assessment area.