Articles on PR for People

A useful definition of operational risk comes from the world of banking, where the Basel Accords defined it as the potential for financial loss caused by systems, by inadequate or failed internal processes, by people, and/or by external events. Operational risk continues to present an unusually large number of challenges in a fractured world. Risk is the big tent that holds such practices as cybersecurity, business continuity, disaster recovery, privacy and ethics.

When we layer the complexity of political campaigns into the incidents and events, we add an entirely new layer of hot spots to the model. We have another challenge here. Because we are so interconnected, spreading rumors and disinformation about those seeking public office is easy. 

As we see repeatedly in reports of current events, a workplace’s culture is often at the heart of ethical and regulatory misconduct. Corporate leaders are grappling with strategies to win back market share and deliver profits to the bottom line. In eliminating or downsizing groups inside an organization, a certain amount of institutional memory gets lost – and governance models are rarely reworked to reflect the new reality. 

While we are used to hearing that the next election is the most consequential election in history, you can believe it this time because you have only to imagine what consequences will be visited upon those of us who, for example, support the U.S. Constitution and its Bill of Rights.