High Risks in Your Supply Chain that You May be Blind To

The benefits of outsourcing production processes or services to suppliers are many: it can provide a better product or service than you would be able to produce internally; it can increase your efficiency; it can allow you to focus on core areas; and, of course, it can reduce your overall costs. Meanwhile, it also creates additional risks companies may not

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Business Continuity as a Fiduciary Responsibility

A fiduciary duty is a relationship of trustbetween two or more parties. The continuity of the business structure is encompassed within that duty. This trust rests on the business’s ability to bring reliable results in a systematic manner. When disasters occur from operational risk the instability can easily undermine the trust relationship in place and erode confidence in the service

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Not just Surviving – THRIVING!

Continuity management has long been tied to disaster planning and crisis response as fundamental to emergency planning but the reality is: If you’re just practicing business continuity to survive you’re never going to get much out of it. The key to effective value creation from continuity management is a strategy that builds on how the day-to-day business is designed to

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A Few Thoughts Re: Risk Assessment – Defining An “Acceptable Level” of Risk

Reblogged from Soltis Consulting: Good Morning -Recently, a colleague of mine presented the following question with respect to Risk Management: “How would you define an “acceptable” level of risk?” For those individuals interested in this field of study, I thought the below listed explanations and sources of reference content might be helpful. ========== An acceptable level of risk (sometimes referred

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