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Catastrophic Incidents
Neglected Aspects of Managing a Crisis
Sumit Dhar
Senior Director & Head,
Information Security & Risk Management
EdgeVerve (Infosys)
Tony Dungy transformed…
Yet, it took a catastrophic incident
to help him win his first
Super Bowl
…the worst team(s) in NFL
One meaning Danger
the other meaning Opportunity
The Chinese got it right…
…represented crisis with two characters
Source:
The Impact of
Catastrophes on
Shareholder Value
(Rory F. Knight &
Deborah J. Pretty)
The Oxford
Executive Research
Briefings
Does managing crisis well…
…really make any difference?
Trial by fire: Two companies…
…same crisis, different results!
Advance preparation and robust
planning ensures proper
crisis response
Build a risk management culture:
Anticipate | Prevent | Prepare
Ineffective risk mgmt culture…
…resulted in the largest oil spill!
Extraordinary crisis…
…outstanding response!
Strong leadership
with swift & decisive action
How a tyre fiasco…
…destroyed a 100 year relation!
Focus on the core issue;
avoid blame game
Loss of life due to a…
…fire at King’s Cross Station
Poorly defined roles and
responsibilities for crisis management
Improper response to a crisis…
…impacts the entire food industry!
Failure to communicate leads
to rumors, misrepresentation & poison
Summary…
…or how to tie it all together!
↘ Advance preparation: Nokia Example
↘ Proper Culture: BP Example
↘ Act decisively: Tylenol Example
↘ Avoid Blame Game: Ford – Firestone Example
↘ Everyone’s responsibility: London Underground
Example
↘ Proper Communication: Monsanto Example
References
The Resilient Enterprise by Yossi Sheffi
(MIT Press)
Risk Issues and Crisis Management by
Michael Regester and Judy Larkin
The Power of Habit by Charles Duhigg
The Impact of Catastrophes on
Shareholder Value by Rory Knight
Feeding Frenzy by Jon Harmon
Managing Risks – A New Framework
Harvard Business Review
A Bitter Pill by Joy Bergmann
Managing a Crisis you tried to Prevent
Harvard Business Review
Managing Crises before they Happen
by Ian Mitroff
How to avoid Catastrophe
Harvard Business Review
Sumit Dhar
Connect: in.linkedin.com/in/sumitdhar

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Sumit dhar

  • 1. Catastrophic Incidents Neglected Aspects of Managing a Crisis Sumit Dhar Senior Director & Head, Information Security & Risk Management EdgeVerve (Infosys)
  • 2. Tony Dungy transformed… Yet, it took a catastrophic incident to help him win his first Super Bowl …the worst team(s) in NFL
  • 3. One meaning Danger the other meaning Opportunity The Chinese got it right… …represented crisis with two characters
  • 4. Source: The Impact of Catastrophes on Shareholder Value (Rory F. Knight & Deborah J. Pretty) The Oxford Executive Research Briefings Does managing crisis well… …really make any difference?
  • 5. Trial by fire: Two companies… …same crisis, different results! Advance preparation and robust planning ensures proper crisis response
  • 6. Build a risk management culture: Anticipate | Prevent | Prepare Ineffective risk mgmt culture… …resulted in the largest oil spill!
  • 7. Extraordinary crisis… …outstanding response! Strong leadership with swift & decisive action
  • 8. How a tyre fiasco… …destroyed a 100 year relation! Focus on the core issue; avoid blame game
  • 9. Loss of life due to a… …fire at King’s Cross Station Poorly defined roles and responsibilities for crisis management
  • 10. Improper response to a crisis… …impacts the entire food industry! Failure to communicate leads to rumors, misrepresentation & poison
  • 11. Summary… …or how to tie it all together! ↘ Advance preparation: Nokia Example ↘ Proper Culture: BP Example ↘ Act decisively: Tylenol Example ↘ Avoid Blame Game: Ford – Firestone Example ↘ Everyone’s responsibility: London Underground Example ↘ Proper Communication: Monsanto Example
  • 12. References The Resilient Enterprise by Yossi Sheffi (MIT Press) Risk Issues and Crisis Management by Michael Regester and Judy Larkin The Power of Habit by Charles Duhigg The Impact of Catastrophes on Shareholder Value by Rory Knight Feeding Frenzy by Jon Harmon Managing Risks – A New Framework Harvard Business Review A Bitter Pill by Joy Bergmann Managing a Crisis you tried to Prevent Harvard Business Review Managing Crises before they Happen by Ian Mitroff How to avoid Catastrophe Harvard Business Review