Why We Exercise
For September’s Whiteboard Wednesday video series, Rob will be discussing all things crisis simulation exercises. In this 10th episode, Rob talks about why we exercise.
How your team manages issues throughout the lifecycle of an incident or crisis can prevent the situation from becoming worse. There will be challenges (issues) that raise their ugly heads during the event that need to be dealt with. Having a good IAP (Incident Action Plan) process will support the management of these issues. In…
In today’s environment, it is important that businesses prepare themselves for a crisis. There are many ways to do this, but one of the most overlooked ones is having a crisis management team in place. The five steps to creating a better prepared crisis management team starts with understanding the current capabilities from what training…
Imagine This… You’re halfway through your morning coffee (or tea, if you’re British like me) when your trading platform suddenly goes dark. No alerts. No recovery plan. Key clients are freaking out; one even turns to Twitter to vent. Sound familiar? It’s not fiction—this happened when FIS, a major financial‐services technology vendor, suffered a power…
Like many strategic planning processes; risk management often gets shuffled to the side. The daily urgent matters take precedent over preparing for the low probability, high-risk icebergs or “Black Swan”[1] events. Economic impact on organizations that are not prepared for crisis situations can be dire. Leaders, who perhaps did not receive proactive support from…
Scenario planning is not a recent invention. The genesis of this essential decision-making tool dates back to the times of the Cold War, where it played a pivotal role in military strategy, which is known as ‘War Gaming’. It has now transcended its military origins to become a vital part of modern business strategy, where…
When was the last time your workplace had an emergency drill? If you can’t remember, or if it’s been a while since your business has conducted one, you’re not alone. Many businesses don’t think about emergency drills until there’s an actual emergency – a huge yet common mistake that makes the organization far less prepared…
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