By Gary S. Lynch
In line with over thirty years of expertise, well-known chief Gary Lynch finds during this crucial advisor a online game plan to spot and deal with more than a few dangers confronted during this courageous new globalized international of adjusting marketplace dynamics and complicated high-tech worth networks. This groundbreaking publication articulates an experienced-based and spot-on evaluate of chance administration realities that each one firms should still make center to their company cultures
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Additional info for At your own risk! : how the risk-conscious culture meets the challenge of business change
Change 1 A globalized interconnected and interdependent economy. Risk: The evolution of a globalized marketplace has created massive growth opportunities and complexities. As is often the case, with greater complexity comes greater risk. , nationalization of companies), supplier soundness risk, labor risks, export/import compliance, raw material shortages, logistics, capacity, security, and the contingent risk created when suppliers outsource work to other suppliers without involvement of the buyer.
Like the old adage about the frog and boiling water—that is, throw the frog in boiling water and it will jump out, place the frog in the pan with heat increasing gradually and the frog might not realize the change, or its impact, until it’s too late (of course, I don’t advocate this behavior—it is merely used as a representation). You might not be aware of change or its impact on the processes and resources that support your value chain. Processes change as they become automated; are improved for efficiency; are impacted by policy change; are adapted to organizational realignment; are migrated to outsourced partners; are transitioned outside of domestic borders; or are changed for multinational implementation.
When the compromise occurred the organization could not determine prove who committed the compromise due to the lack of accountability. Sensitive client information and unencrypted application passwords were being transmitted electronically via the network. An operator with network monitoring software was able to capture the data. Print Store/ File/ Archive/ Backup Dispose/ Destroy A contract employee hired (intellectual) to service the HVAC unit over the weekend was copying and stealing physical reports and files that contained sensitive client information (physical).