Black Swans or Just Wishful Thinking and Misinterpretation
“Black Swan” has become a popular buzzword for contingency planners, risk managers and consultants.
Due to the uptick in Black Swan sightings as of late, it’s worth the pause to decide if there should be actual concern or is this a situation of media hype? The tough part of that decision is because of a general lack of knowledge when it comes to these Black Swan sightings, better known as a rare event with serious consequences. This white paper reviews what may be perceived as or classified as a Black Swan by the media driven hype that dominates the general populace may, in fact, not be a Black Swan at all for a minority of key decision makers, executives and involved parties. This poses a significant challenge for planners, strategists and CEO’s.
Principal with Logical Management Systems, Corp., a consulting and executive education firm with a focus on enterprise risk management and issues analysis; the firm's web site is www.logicalmanagement.com
Prior to founding Logical Management Systems, Corp. in 1985 he held a number of senior operational management positions in a variety of industry sectors
Served as an officer in the U.S. Army; responsible for the initial concept design and testing of the U.S. Army's National Training Center and other intelligence related activities
Active in executive education, where he has developed and delivered courses in enterprise risk management, contingency planning, performance management and analytics
Frequent speaker on business continuity issues business performance management
Author of over 450 published articles and four books, his latest being Protecting Your Business in Pandemic, published in June 2008 (available on Amazon.com)
Frequent speaker on high profile continuity issues, having developed and validated over 4,500 plans and conducted over 475 seminars and workshops worldwide for over 100 clients representing the spectrum of private and public sector operations
His latest podcast can be found at https://go.ranenetwork.com/ranepodcast/coronavirus
M.Ed. degree in counseling and guidance, University of Texas at El Paso; B.S. degree in criminology, Indiana State University
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