Global corporations face multiple threats every day that may or may not happen during normal business hours. Risks vary in complexity and response – threats can be described as omnipresent, emerging, imminent or with no warning.
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Leaders need to have an understanding of the context of what is happening, the circumstance of what is changing now and in the near future, and the consequence of what could happen based on certain decisions.
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Implications of not being informed or prepared are significant. Loss of life and/or property, long-term supply chain disruption or even an isolated incident can become world news in minutes and can cause cascading effects for a brand.