The Austrian economist Joseph Schumpeter uses the term Creative Destruction to describe the process of transformation that accompanies radical innovation. One of the ways an economy moves forward is by destroying the old in order to create new opportunities.
DeLoach has a refreshing new approach to risk management that is is cross-functional, integrated and adaptable in the face of constant change, simply because traditional risk management approaches are no longer adequate
Christopher advocates establishing a supply chain risk profile, with the purpose to establish where the greatest vulnerabilities lie and where the “greatest” risks are, based on the view that risk is the product of probability and impact.
I first heard of the late Per Bak and his sandpile theories when I some time back read an article by Koubatis and Schönberger (1995) on Risk management of complex critical systems. Per Bak’s “sandpile” model is as relevant to business and society as Adam Smith’s legendary “invisible hand”.
Basically, the two, management and logistics, are living side-by-side, more or less unaware of that they need to intersect.
This book describes six reasons why firms seek to establish cooperative networks: 1) Certainty 2) Flexibility 3) Capacity 4) Speed 5) Skills and Competence 6) Intelligence. Five degrees of networks can be discerned: 1) Equal-partner network 2) Unilateral agreements 3) Dominated network 4) Virtual corporation, and 5) Strategic alliance.
I must admit that I knew very little, if anything, about Virtual Enterprise Networks when I started this adventure some months back, but I can now say that I am fascinated by the concept
The report not only shows how many managers are aware of a specific Business Continuity Plan (BCP) covering critical business activities in their organization, but also tracks which of the risks identified are of particular concern to managers.
The opposite of risk avoidance is risk ignorance. More often than not businesses simply accept that they are exposed to risks and do not bother to spend much effort on assessing and mitigating these risks.
Selv om kostnadsreduserende tiltak og outsourcing kan ha klare fordeler har det å gi slipp på kontrollen med forsyningskjeden sine utfordringer. Denne artikkelen er et intervju med meg og hentet fra Logistikk & Ledelse nummer 3/2009.
This book is a welcome addition to the field of cost-benefit analysis in transportation. It contains individual contributions from 20 or so respected academics, each describing a separate field of study. I have seldom seen a fuller and more holistic approach to cost and benefits in transportation research.
Good corporate governance requires that companies adopt a methodical approach to risk management, and the IRM Risk Management Standard provides the toolbox. The Institute of Risk Management (IRM) published a Risk Management Standard in 2002.
This is an excellent book. Despite being compiled from different contributions, the overall style is clear and concise, with objectives stated at the beginning of each chapter. Although at times heavily US and homeland security oriented, this book still manages to capture me, the international audience, to the full.
I guess this will be THE gathering of who’s who in the Nordic Business Continuity commuity, and I wish I could be there, listen to the speakers, exchange ideas and simply, be inspired.
Michael Z Bell is a Business Continuity consultant, based in Ottawa, Canada, and his business website (and blog) presents current information and opinions on business continuity, disaster recovery, risk assessment, and business impact analysis.
This book, Transportation Systems Security by by Allan McDougall and Robert Radvanovsky is not what I thought it would be, but it’s not the books fault, I have to admit that much. It’s the classic misunderstanding of the difference of the terms “safety” and “security”.
This is a philosophical essay on transportation vulnerability, where three fields or subjects are brought together : engineering (reliability and vulnerability), economics (cost and benefits) and politics (decision making).The research essay aims at taking reliability and vulnerability into the realm of cost-benefit analysis to serve as decision support.
The Business Continuity Institute (BCI) was established in 1994 to enable individual members to obtain guidance and support from fellow business continuity practitioners. I came across this website while searching for this book on Managing Risk and Resilience in the Supply Chain.
A VEN is a way for businesses to achieve virtual scale, enabling it to operate as if it possesses more resources and capacity than it actually has within its own physical organizations.
Rassikring av veger har en klar samfunnsøkonomisk nytteverdi, men hvor stor er den? De største gevinstene er knyttet til å unngå omkjøring, skape trygghet og redusere antall ulykker. Hvordan måler man dette i kroner?
