By melding traditional crisis management with modern techniques and technology, organizations reduce the likelihood and impact of crises. The competitive advantage that comes from organizational readiness is immense: it fosters success where others would fail.
Reducing the likelihood and impact of a crisis, easing the path to recovery
Today’s crises are triggered by events inside and outside of a company’s control. The list is long: political interference, instability and unrest; terrorism; physical and cyber security breaches; workplace violence; insider malfeasance; IP theft; fraud; regulatory compliance failures; product recalls; natural disasters; supply chain disruptions.
A number of factors are combining to increase the frequency, complexity and types of crises companies face. Organizations must ensure they stand ready, respond effectively and recover stronger.
Resolving critical issues and crises is a core part of Control Risks’ DNA, forged over 40 years during which we have helped more than 5500 clients in nearly 150 countries.
Islamic State is under pressure following territorial losses in the Middle East. But it is not yet defeated as either a military or ideological force. Meanwhile, we are seeing increasingly diverse terrorism threats globally - not necessarily more severe, but often less predictable.
Scenario analysis is an invaluable part of any crisis readiness, response and recovery programme. It helps to create and assess alternate versions of the future and understand how key stakeholders are going to act or react in those alternate scenarios.
High-occupancy urban infrastructure is the backbone of many corporations, but also continues to present an attractive target for terrorism, protest and civil disorder. National and local governments strive to provide a safe and secure environment. However, despite these efforts, there is an inevitable gap between this provision and the specific requirements of individual organisations.
There are a number of common mistakes we see as organizations establish global readiness programs. They can lead to a plan that sits unused on a shelf when disruptions occur. Getting the set-up right will help ensure the global adoption of a sustainable, flexible and practical program.