article thumbnail

Why Crisis Management Planning Should Be On Your To-Do List

Bernstein Crisis Management

Crisis management planning is the strategic process of preparing for situations can threaten to interrupt reputation, operations, or the financial bottom line. Legal and Compliance: For many industries, having a crisis management plan can be a legal or insurance-mandated necessity.

article thumbnail

The Difference Between Strategic and Operational Risk

Reciprocity

On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks? Non-Business Risks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Signs Your Business Needs a vCIO

NexusTek

A popular alternative is a virtual CIO (vCIO), an outsourced resource of expertise, strategic planning, and leadership who works on a part-time or as-needed basis. Technology is now a key strategic tool—one that allows you to achieve business goals that are central to your competitive advantage. 2023, May 8).

article thumbnail

Understanding the Importance of Choosing the Right Managed Services for Your Digital Transformation

BMC

Let’s take an example; A European health insurance company with significant investments and a well-defined strategic plan invested in the products of COMPANY X. The European health insurance company experienced several negative outcomes from this arrangement, such as low availability and inefficient system functionality.

article thumbnail

Understanding the Importance of Choosing the Right Managed Services for Your Digital Transformation

BMC

Let’s take an example; A European health insurance company with significant investments and a well-defined strategic plan invested in the products of COMPANY X. The European health insurance company experienced several negative outcomes from this arrangement, such as low availability and inefficient system functionality.

article thumbnail

Why BCM and ERM Should Be BFFs 

MHA Consulting

ERM is concerned with identifying and evaluating all the risks facing the company, including but not limited to those pertaining to finance, insurance, third-party vendors, and operations. ERM tackles this on the strategic level with a portfolio that includes operations as well as many other areas as discussed above.

BCM 88
article thumbnail

Risk Management Process- Part 1: Overview

Zerto

Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. Step 3: Achieve Strategic Alignment, from Risk Appetite to Risk Prioritization The more impactful a risk is, the higher its priority.