Taming the Risk Hurricane

Five

Prediction

So far, we’ve developed a working definition of a Risk Hurricane in Chapter 1 (“The Risk Hurricane describes circumstances of extreme risk exposure in business that lead to major disruption”), and we’ve considered the conditions that must exist in order to give rise to one, including an uncertain external environment, a weak organizational risk culture, and a high and sustained rate of change (Chapter 2). Recognizing that not all Risk Hurricanes have the same intensity, we looked at ways of distinguishing them by the severity of their impact (Chapter 3), then we reviewed how various groups of people might be affected when a Risk Hurricane occurs (Chapter 4).

This is fine, but how do you know when a Risk Hurricane might be heading ...