STRAT | Neutralizing Natural Disaster
from STRAT
If the “once every 500 year” flood or fire is occurring every 5-10 years, then obviously it is no longer a threat faced once every five centuries. Both natural and manmade disasters are occurring with more frequency and greater impact, yet too many private and public entities are relatively unprepared, attributing these events to being “black swans” or “acts of God” as if that alleviates them of the responsibility to manage and lead. As we all should know, Continuity Of Operations Planning (COOP) is far more than an “IT offsite,” it’s about ensuring your organization can continue to “stay in business” when external (and sometimes internal) threats and hazards undermine what we rely upon to even be in business, sometimes upending our very core “assumptions.” Mitigating and potentially “neutralizing” the impact of natural events takes understanding and planning, and a genuinely “prepared mind.” Globally experienced investment banker Mark Mansfield and widely recognized risk management expert Hal Kempfer target the real-world, relevant facets of this topic, drilling down below the headlines and catch phrases, exploring the fundamentals, and ultimately discussing what next steps are actionable and accessible on this episode of STRAT (Strategic Risk Assessment Talk).
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