by Gerry Allan | Apr 6, 2021 | Managing, Risk Management
Biggest threats to businesses today are not those that are likely or identifiable but instead those that are unknown and/or highly unlikely. However, the available points of impact on your business are both evident and certain. Big question: which of your points of impact are most vulnerable to such events or situations, whatever they may turn out to be?
by Gerry Allan | Feb 9, 2021 | Risk Management, Survival
Being among the best at something in business works great in stable times but can be fatal in black swan times. It seems that black swan times are with us for some unforeseeable period so specialization has become a serious vulnerability. The solution here is diversification – adding business units that are not likely to be impacted in the way that your core business can be.
