Category Archives: Life@Risk™ –

#44 – UNREALISTIC RISK SCENARIOS – GEARY SIKICH

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UntitledINTRODUCTION
The next time you hear that one of your risk scenarios is unrealistic and that the events could not have occurred in the sequence that are being depicted you might direct your audience to Japan. Imagine a scenario that contained an earthquake, followed by a tsunami, a nuclear accident, bird flu, snow and bad weather, panic buying of food, fuel and other necessities.

Unreal?  That is exactly what happened in Japan; and why your key executives need to be a bigger part of the business continuity planning process. Continue reading →

#43 – AS DODD-FRANK CONFLICT MINERALS REPORTING DEADLINE NEARS NO ESCAPE FOR RETAILERS AND BRANDS – KELLY EISENHARDT

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Kelly EisenhardtFair Factories Clearinghouse’s executive director of environmental programs Kelly Eisenhardt talks with Nate Herman, responsible for International Trade at the American Apparel and Footwear Association (AAFA), about how he sees the Conflict Minerals reporting deadline of May 2014 affecting the retail industry. With the undefined requirements for use of contract manufacturers, the potential of processing materials to leak during manufacturing, and the need for both brands and retailers to report to the SEC, they talk about how he foresees helping AAFA members get this right. Continue reading →

#42 – WHEN IS A BLACK SWAN NOT A BLACK SWAN? – GEARY SIKICH

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UntitledINTRODUCTION
There seem to be a lot of sightings of ‘black swans’ lately. Should we be concerned or are we wishfully thinking, caught up in media hype; or are we misinterpreting what a black swan event really is? The term black swan has become a popular buzzword for many; including, contingency planners, risk managers and consultants. However, are there really that many occurrences that qualify to meet the requirement of being termed a black swan or are we just caught up in the popularity of the moment?  Continue reading →

#41 – ENTERPRISE RISK MANAGEMENT (ERM) IN THE AGE OF UNCERTAINTY – GEARY SIKICH

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Untitled“To do something very dangerous takes a certain lack of imagination”
– Anonymous

INTRODUCTION
Governments and companies worldwide are emerging from the current financial crisis and subsequent recession.  While governments are crafting new regulations, businesses around the world are walking in shifting sand as risk exposures are high and new regulations will create compliance challenges.  According to a recent survey by Korn/Ferry International, corporate leaders are focusing more attention on risk management after what is considered by many to be excessive risk-taking during the boom times that factored into the global financial crisis. Continue reading →

#40 – REKINDLE YOUR VOCATIONAL ROMANCE – DR. TRUDY

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Dr. TrudyThere was an old Chinese saying, “the biggest fear in a man’s life is choosing the wrong profession; the biggest fear in a woman’s life is choosing the wrong husband.”

In the old days in the West or the East, women were deprived the opportunity of receiving education and job opportunities.  With the high divorce rate in modern societies, women’s career choices are no longer limited by choosing a spouse.  Under extremely demanding global economy and competition, both men and women are subject to tremendous demands for productivity, performance, and preeminent innovation in the workplace.  Continue reading →