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!
Category Archives: Strategy@Risk – Geary Sikich
#279 – CORONAVIRUS: ASSESSING RISK AND PLANNING INITIATIVES – GEARY SIKICH
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Coronavirus seems to be spreading quicker than previous pandemic potential viruses, i.e., H5N1, H7N1, SARS, Ebola, MERS, etc. Could this be the long awaited/anticipated threat realization, or is it becoming a media driven phenomenon? Needless to say, planners should be implementing some assessment analysis regarding the potential for impacting business operations. Here is a brief look back at one of my articles from 2006, entitled, “Pre-Pandemic Planning: Business Continuity Perspectives“, when Bird Flu (H5N1) was the hot topic: Continue reading
#265 – CORONAVIRUS: ASSESSING RISKS – GEARY SIKICH
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Coronavirus seems to be spreading quicker than previous pandemic potential viruses, i.e., H5N1, H7N1, SARS, Ebola, MERS, etc. Could this be the long awaited/anticipated threat realization, or is it becoming a media driven phenomenon? Needless to say, planners should be implementing some assessment analysis regarding the potential for impacting business operations. Here is a brief look back at one of my articles from 2006, entitled, “Pre-Pandemic Planning: Business Continuity Perspectives“, when Bird Flu (H5N1) was the hot topic: Continue reading
#264 – THE 40% MYTH – GEARY SIKICH
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Myth Busters – Statistical Mystery Solved?
We have all heard and/or read the oft quoted “40% of all businesses experiencing a crisis go out of business within one year…”. Ever wonder where that statistic came from? For many years a colleague of mine, unfortunately now deceased, searched for the answer; to no avail. No one could actually cite the source for this statistic. Many refer to FEMA or the US Small Business Administration: Continue reading
#260 – WHY RISK ASSESSMENTS PROVIDE LIMITED VALUE – GEARY SIKICH
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I just finished reading two very different books; one a novel, the other a fact-based investigative report. The first book, entitled “Second Sleep” by Robert Harris (ISBN 9780525656692) is fiction. The second book, entitled “Lights Out” by Ted Koppel (ISBN 9780553419962) is a critical look at how unprepared we are for a cyberattack on our electric grid. Two very different books, yet they overlap in many ways. Continue reading