Macroawareness of risk – is this really a reasonable expectation of executive leadership and the board?
By Joe Long, Solomon Joseph Consulting
Although it can be argued that there is nothing new under the sun, today’s business climate mirrors nothing like we have seen in the past. Over the last decade, the speed of the news headlines is only rivaled by society’s appetite for more and more news. From daily blogs to twitter to the myriad of news channels covering every business nuance worldwide, top executives for large organizations are expected, if not required, to stay on top of everything that has the potential to affect their business. Therefore, in spite of the very real threats of terrorism, pandemic, global warming, global economic meltdown, supplier bankruptcy, cyber attacks, etc.; the single biggest threat to directors and officers right now is the inability to sustain ‘Macroawareness’.