Monitoring Emerging Risks
Tim Astley
Monitoring Emerging Risks
Introduction
The Value of Horizon Scanning in Setting Business Continuity Policy
Monitoring Emerging Risks
Understanding and Analysing the Consequences of Business Disruption
Managing Operational Risk
Building a Resilient Capability
Cyber Resiliency: A Business Continuity Perspective
Business Continuity Management and Compliance: Legislation, Regulation and Standards
Effective Crisis Management
Embedding Business Continuity Management into Business Culture: An Asian Perspective
Scenario-based Crisis Management Exercising
The Future of Business Continuity Tools and Techniques
The Business Benefits of Business Continuity
Engaging the Board: Resilience Measured
What Does Good Business Continuity Management Look Like? Metrics and Performance Indicators
The 19th century philosopher Friedrich Nietzsche wrote: “There are no facts, only interpretations”. While he was referring to a far deeper level of consciousness, he could well have been addressing the subject of emerging risks. This is because in examining how to deal with such risks in a business context, we have to recognise that there are many interpretations of what constitutes a risk or threat, and thus how we might respond to them most effectively. To avoid the associations of the term “threat” with “capability” or “intent”, we will use “emerging risks” as the predominant term throughout.
This chapter presents a range of interpretations of the term “emerging risk”, categorising them as either existing, changing or new, and examines the ways that organisations think and find out about what might threaten their own businesses in the future and how they might respond. Following on from the preceding chapter on horizon scanning, it also identifies some of the main emerging risks in a financial services context. Suggestions are made from real examples about how business continuity management (BCM) should be positioned to deal with those emerging risks for which a planned
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Copyright Infopro Digital Limited. All rights reserved.
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