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In Analyzing Risk Look to What Creates Organizational Value
Excerpted from World Trade: "Security on Steroids: Risky Business"
2 November 2006

World Trade

In analyzing risk, [Marsh's Gary] Lynch says, the goal is to look at risk not as a separate and discreet category but to determine what contributes to our business success now and in the future. “Without that, it’s very difficult to look at risk properly. Look at source to destination issues and then at interdependencies,” he says. That involves interdependencies among people (cross-training and succession planning, for example), software and physical attributes (such as available cash, vital records and facilities) and relationships within the supply chain (who your supplier is reliant upon and who their biggest customers are).

-- Gary Lynch

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