IDENTIFY, MITIGATE AND MONITOR RISKS

Mike and I always bring up risk mitigation in our leadership workshops. While you can not plan for all potential future problems, you can identify the three biggest risks to your company, division, group or team and plan accordingly. It is a powerful process. Even the discussion of identifying the risks is helpful.

Today in the WSJ there is an article about companies making plans for work disruption due to the swine flu. If you read the article, you can see how a more general process could be applied. What if the question was not about the swine flu but about anything that stopped your employees from arriving at the office or the plant? How would you get work done?

Here is the article Companies Develop Strategies For Flu Interruptions. As you read it, think through the risks in your organization. Have you developed mitigation plans? Do you have a monitoring mechanism? How would you communicate and with whom when the crisis occurred?
Until Next Time,
Gail