When does an operational risk become strategic?
There you are, running a food business making beef products.Pies, sausages, prepared meals. All delicious.Customers love the taste and quality and you've got forward orders from a couple of major customers.Your hygiene...[more]
Risk management, earthquake-prone buildings and insurance
How long will the effects of the Christchurch earthquakes be felt? For Christchurch residents, the tangible and intangible consequences may take years to fade. Familiar buildings and businesses will be gone, replaced by the...[more]
Risk and the meaning of life, the universe and everything
Well, not really, but risks do seem to be crowding in on us lately. Banks and insurance and financial companies have been failing and earthquakes, floods, and financial crises have dominated our lives for the past few...[more]
Supply chain-related risks
Consider an Albuquerque-based Philips microchip plant, where a fire in 2000 disrupted production and supplies to Ericsson, costing them approximately $400 million in sales and forcing them out of the mobile phone...[more]