While many companies can adequately plan for foreseeable risks, they tend to be far less effective when it comes to preparing for unpredictable challenges such as cyberattacks, natural disasters or political upheavals. Yet these risks, which are bound to become more frequent in an increasingly volatile and complex world, can wreak havoc on businesses. getAbstract recommends this timely and engaging article from professionals at the Boston Consulting Group to executives looking to reinforce their corporate risk control strategies and capabilities.
In this summary, you will learn
- Why companies often fail to control the fallout from unexpected shocks,
- How firms can taken proactive steps to limit unexpected risks and
- What businesses can do to shore up their risk profiles.
About the Authors
Takashi Mitachi, Tad Roselund and Meldon Wolfgang are senior partners and managing directors at the Boston Consulting Group.