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Oct. 31, 2013

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Disaster preparation: Helpful tips for businesses and facility managers
By Joy Burgess
A recent survey sponsored by the American Red Cross and FedEx showed that approximately 70 percent of small businesses do not expect to experience a disaster, and half of those surveyed do not have an emergency response plan in place. Surviving any kind disaster requires preparation, but many businesses and facility managers fail to put an emergency plan in place. To ensure the survival of your business, here are several helpful disaster preparedness tips you can follow.
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Best in class crisis management with social media
Business 2 Community
Every business has their own definition of exactly what constitutes a crisis. So it follows that crisis management with social media will also have multiple — and varied — meanings to different people. The Following is a list of the best in class examples of crisis management with social media – and lessons learned you can apply to your social media teams.
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Public services organizations need to step up risk management efforts
Inside Counsel
The public services sector has faced significant challenges over the past several years — slow economic growth, rising unemployment and aging populations, to name but a few. These risk factors are driving the need for public service organization to step up their risk management efforts. "To develop talent in the risk function, organizations are increasingly deploying innovative staff rotation and training programs to create more risk management capacity and capability," according to a recent study.
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Workplace bullying: When adults do not play nice at work
Chicago Now
There has been a lot of press about childhood bullying over the past few years. Unfortunately, bullying is not an issue that is isolated to our children. It is an also an adult issue that has a face in every aspect of our lives, however, the following focuses on workplace bullying. It is an issue that does not get much press attention or awareness until it is completely too late when it turns into workplace violence.
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HR is risk management in banking
American Banker
The HR function is considered responsible for the quality and ethics of the people who work there.

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How to avoid another market downturn: 3 ways to handle investment risk
By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM
Given the potential for another crash, here are three ways to potentially mitigate stock market risk.

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10 pitfalls of IT risk assessment
Dark Reading
As IT organizations seek to make better risk-based decisions about security practices, perhaps the No. 1 component for success is the IT risk assessment.

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Legal risk management: What every manufacturer should do now
Manufacturing Business Technology
"Hope for the best, prepare for the worst."
The English proverb resonates, particularly in the area of risk management. One of the most important tools available to any successful business operation is the deliberate assessment and tackling of potential risks. However, too often, we see companies underestimate the value of this preparation, only to end up in costly, protracted litigation.

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Whose job is business continuity?
Continuity Central
We have over the past couple of decades developed an entire industry of business continuity planners and planning trainers to help companies deal with unanticipated events that can impact a company's performance in the market place. This entire effort is founded on the assumption that companies will go out of business without these plans in place.
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Indexology: Passive risk management
ETF Trends
In major cities at this time of year, an army of street vendors bristling with umbrellas await their chance to emerge in entrepreneurial fervour, providing tourists and commuters alike with immediate respite from unanticipated rain. It's a viable business strategy: The chaotic nature of weather means that occasional rainfall remains practically impossible to predict, hence our common tendency to rely on an adaptive strategy. Demand and cost rises with tempestuous environments, while the inconvenience of preparing for the worst is a frustrating drag in sunnier times. So does the same strategy of purchasing protection "as needed" work in the stock market? And does it cost more to do so?
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Emerging management strategies for the new supply chain
ThomasNet News
Supply chain professionals must adopt a new approach to management to tackle the complex challenges posed by the expanding globalization of manufacturing. Manufacturers are outsourcing and expanding their markets and as a result logistics have become more complex. An increase in demand and overall economic volatility may also require sudden changes in supply chains. And as economic uncertainty continues to play a role in consumer purchases, "customers are becoming more price sensitive and less loyal in some cases," said consultant Kim Doyle.
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Governance, risk management and compliance are not enough on their own
A new report released by (ISC)2 based on responses from more than 1,600 c-level executives globally, highlights this paradox; the senior C-suite is aware of the security threats, but because they are so busy reacting to the organizational and compliance requirements of the business, they are unable to spend the time to put adequate measures in place to effectively tackle the security issues.
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Missed last week's issue? See which articles your colleagues read most.

    10 pitfalls of IT risk assessment (Dark Reading)
AIG sued by small businesses over workers' compensation reporting (Insurance Journal)
Business continuity planning (Fresh Business Thinking)
Investors turn to catastrophe bonds to boost returns (The Wall Street Journal)
Risk of depression spurred by long hours, high job demands (La Jolla Light) Don't be left behind. Click here to see what else you missed.


Colby Horton, Vice President of Publishing, 469.420.2601
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