Understanding Catastrophic Threats

Organizations become victims of meltdown crises because of a very common oversight. This oversight consists of the failure to distinguish between extreme exposure from the known, or what can be envisioned, and extreme exposure from the unknown, or what can’t be envisioned. The implications of this oversight can be profound when faced with a meltdown crisis. The approach that works in everyday life is predicated upon the ability to prevent and mitigate adversities, and is not useful against catastrophic adversities that can’t be envisioned and prevented.

This oversight leads to a false sense of security, as managers may not realize that, despite their emphasis on disciplined risk management, the unknown remains unaddressed … until facing a crisis.

It sounds simple and easy to correct, but it is not. Appreciating this difference is only the first, but a critical step in addressing the unknown. It also requires an explicit approach to develop and implement a framework of solutions to ensure that the organization can survive meltdowns that can’t be prevented.

Please contact us via email at KPaul@StratExpoGroup.com to learn more and how we can help you address these critical issues effectively.