#292 – DERECHO. A BLACK SWAN EVENT? – GEARY SIKICH

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On 10 August 2020 the US Midwest experienced a Derecho that brought widespread devastation to many areas.  A Derecho is a widespread, long-lived, straight-line wind storm that is associated with a fast-moving group of severe thunderstorms known as a mesoscale convective system.  Derechos can cause hurricane-force winds, tornadoes, heavy rains, and flash floods.  As depicted below the 10 August 2020 Derecho spanned serval states over a 12 hour period. Continue reading

#288 – WHERE’S OUR NEXT SHOCK COMING FROM? – GEARY SIKICH

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The Coronavirus pandemic (COVID19) continues to spread throughout the world despite the best efforts of governments and the medical community.  With no vaccine becoming available in the near term and perhaps even in the long term we are faced with growing uncertainty.  It seems that ever since the emergence of COVID19 that conflicting advice, information and guidance has exacerbated the situation and created a lack of trust on the part of the public on what measures to take.  Wear a mask.  Continue reading

#286 – QUALITY’S JOURNEY TO CREATE ‘SUSTAINED SUCCESS’ – BOB POJASEK PH.D.

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The initial journey to create “sustained success” got off to a difficult start in 1987 when the intent was for quality managers to implement ISO 9004 followed by ISO 9001 for certification purposes. ISO 9004 was viewed as being associated with TQM.  The extra work that was needed to fulfill TQM led organizations to use ISO 9001:1987 alone to certify their processes. Continue reading

#285 – FAULTY STRATEGY OR FAULTY EXECUTION – PATRICK OW

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Organisations cannot afford to have a faulty strategy, a faulty strategy execution, or both. Getting them right is vital for their survival especially in today’s crisis and economic downturn.

Businesses survive and thrive by taking risks. They falter when risks and opportunities are not managed effectively. Continue reading

#282 – RADICAL RISK MANAGEMENT – HORST SIMON

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If you are still trying to Identify all the risks you are exposed to within the context of your business or spend endless hours converting historic data into useless risk reports in an effort to mitigate as much risk as possible for a green light on the road to taking less risk (for less reward); spending a fortune on controls and the digging of trenches for your lines of “defense”…. Fear no more!

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