Summary of 2016 The Year in Crisis

Rising Risk and More to Come

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2016 The Year in Crisis summary
Executives reported particularly elevated levels of corporate crisis and risk in 2016.

Rating

7 Overall

7 Importance

7 Innovation

7 Style

Recommendation

According to an Economist Intelligence Unit poll, global executives rank 2016 as a year in which corporate crises reached extraordinarily threat-provoking levels. Respondents say that the pace and impact of risks have intensified; in fact, two-thirds agree that “the world became a riskier place for business in 2016.” getAbstract recommends this illuminating article to executives and board members responsible for crisis and risk management.

In this summary, you will learn

  • Why surveyed global executives viewed 2016 as a year of unprecedented levels of crisis,
  • Which types of risks worry businesspeople the most and
  • Why executives should encourage corporate board members’ participation in crisis management.
 

Summary

A late-2016 survey of 537 global crisis-management executives revealed a gloomy assessment of that year. A full 73% of respondents acknowledged dealing with one or more major incidents that had potential reputational impacts on their companies, while 72% believed the disruptions could have negatively...
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About the Author

The Economist Intelligence Unit is an independent research and analysis organization.


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