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The Olympics as a Story of Risk Management

Harvard Business Review

Simulations of security incidents were rehearsed, and contingency plans for mass evacuations or emergency situations were put in place. Risk management is now at the heart of the governance model for the Olympic Games and the Olympic movement, and not only because of their growing scale and complexity.

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Why Quants Should Manage Your Supply Chain Risk

Harvard Business Review

And, when political turmoil in Egypt, Libya and elsewhere in the Mideast erupted, many businesses could only watch and wait to learn what it would mean for their supply chains. Risk in supply chain is not a potential cost — it is an actual cost, very real and borne by every product and service company, whether they understand it or not.

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A CEO’s Guide to Navigating Brexit

Harvard Business Review

Political process. by combining political uncertainty with lower volatility). Use the scenarios and sensitivities that you’ve identified to test the resilience of your current plans, highlight risks, formulate response options, build capabilities, and reflect the results in strategies and initiatives and in risk management.

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Why Boards Aren’t Dealing with Cyberthreats

Harvard Business Review

In previous work we found that cybersecurity ranked as a top political issue for corporate directors, trailing only the economy and the regulatory environment. These types of investments should be viewed as vital to the organization’s risk management functions and long-term strategy, and need to be reviewed on a continual basis.

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Playing the Ultimatum Game with Merkozy

Harvard Business Review

You can't cover every possible contingency, but having a set of options lined up in case things don't work out as expected is a basic rule of good risk management, entrepreneurship , negotiation, career planning, and all number of other endeavors. In fact, that was part of the plan. It may all work out.

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What a Changing NAFTA Could Mean for Doing Business in Mexico

Harvard Business Review

While consumer spending has proven resilient, with same-store retail sales rising 6% YOY in April , most multinational corporations are developing contingency plans to mitigate risks to their businesses and reassessing the country’s role in their global market portfolio and supply chains. Renegotiating NAFTA.

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3 Emerging Market Risks Companies Should Watch for in 2018

Harvard Business Review

Top leaders tend to focus more on status updates than on contingency planning. They devote far more time to internal execution and competitive risks than to external risks that can change the playing field. This means that many emerging market risks get cut from the senior leadership agenda. miragec/Getty Images.