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5 Questions for Understanding the Fundamentals of Business Resiliency
With an average lifespan of 100-300 years, live oak trees fit the definition of resilience for their ability to “absorb and adapt in a changing environment.” One of my most treasured possessions on my property [...]
5 Red Flags When Doing a Risk Assessment
Risk assessments are probably the most common activities within the risk management profession and there is a very fine line between being a total waste of time and a useful risk management approach. So what are the most [...]
What Makes a Good BCM Program Governance Document?
Program governance is the framework upon which a program’s strategy is defined, agreed upon, and monitored. Have you ever wondered what compels organizations to develop these documents? This article will give you a better understanding of: The [...]
Auditing Your BCP and DR program – Just How Resilient is Your Organization?
Introduction to BCP and DR Being able to respond (i.e. continue critical business processes) during a major disaster and recover normal operations efficiently afterwards is a critical success factor for all organizations. An effective business [...]
Reputational Risk: Slow to Build, Quick to Lose
Follow simple steps to protect your company’s reputation in the midst of crisis. In many industries, reputation and “goodwill” represents the majority of value in the business itself. For many executives and business owners, this [...]
ERM to Company Misalignment: Square Pegs Don’t Fit in Round Holes
When organizations embark on the Enterprise Risk Management (ERM) journey, one of the first (…and biggest) mistakes they make is to simply cut and paste one of the common risk management standards or frameworks and [...]
How Can Companies Anticipate, Manage, and Grow Through Disruption?
More than ever, established organizations are aware of the genuine possibility of being upended by newcomers with radically innovative products. Nokia, Kodak, Blockbuster, and Yahoo regularly feature among big-name companies that got burnt under the [...]
Leadership Learnings from the COVID-19 Pandemic (so far!)
What have we learned about crisis leadership during this global health emergency? Two things have really stood out. First, it highlighted the need for information – situational awareness – as perhaps never before. Second, it [...]
3 Questions to Ask If Management Rejects Recommendations Due to Cost
Occasionally, I examine local or national events with a risk lens to see what went right and wrong, such as this example of poor vendor risk management in my local community. Doing so can help us better [...]
What We Can All Learn about BC and DR from Last Winter’s Fiserv Outage
Sarah Cooke's zoom conversation with James Green, award-winning risk management thought leader, about the impact of last winter’s outage on credit unions has takeaways for every business. Neither snow nor rain nor heat nor gloom [...]