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Friday, November 27, 2015

Responding to Systemic Failures

An interesting comment from a respected senior associate today is worth pondering on:

Am guessing/hoping this [Systemic Risk] is directly in your wheelhouse & not sure how ISO 31000 deals with it as it involves or influences multiple systems within a sector or industry.

In my world, this type of issue is viewed as an external influence which essentially sidelines what should be considered a strategic risk.

Would be interested to see your thoughts on your site or in the group.