How to handle the threat of catastrophe

✍ Scribed by Carol Sánchez; Stephen R. Goldberg

• Publisher: John Wiley and Sons
• Year: 2003
• Tongue: English
• Weight: 64 KB
• Volume: 14
• Category: Article
• ISSN: 1044-8136
• DOI: 10.1002/jcaf.10196

✦ Synopsis

Abstract

One major task CEOs face is to minimize risk and vulnerability to catastrophic events. Since 9/11, we know
that simply having insurance—and conventional emergency planning—is not enough. And in addition to
global terrorism, other catastrophes threaten—including cyber crime and new diseases like SARS. Traditional
risk management strategies dealt with two types of danger: known and unknown risk. But now we also have a third
kind: unknowable risk! So how should we handle catastrophic threats today? © 2003 Wiley
Periodicals, Inc.