Value Preservation and Growth Protection
Do you know what companies like Sony, Vinci, Netflix, Toshiba, Goldman Sachs, Volkswagen, Procter and Gamble, Johnson and Johnson, Exxon, BNP Paribas, Palantir, and LVMH have in common?
They’ve all experienced major criminal risk within their businesses—both as victims or as perpetrators—a costly and painful experience for everyone involved. Could these events have been avoided? In most cases, yes. Could they also have turned into even larger crises if they weren’t handled properly? Absolutely.
Even though, through the course of my career, I’ve played major roles for businesses—as everything from Chief Strategy and Communications Officer to Senior Business Development and General Manager to International Business Consultant—I always had a limited view on criminal risk. During my time studying for a Global MBA at EDHEC, my mind was opened. I realized that international leaders not only need business acumen, strategic thinking, creative management skills, or finance knowledge; a strong understanding of criminal risk issues and how to mitigate them is also vital.
Unfortunately, criminal risk is not talked about nearly enough in leadership circles. It’s understandable why—it’s an uncomfortable topic that reveals an organization’s weaknesses, makes people fear for the future of their business, and feels overwhelming to protect against due to the variety of potential threats.
However, if your company is aiming to grow, you should also be focused on protecting that growth. Businesses today are operating and a volatile and uncertain world, and taking the time to implement a strategic plan to mitigate the risks they must take to make a profit.
This is why, for my MBA thesis, I wrote “The Defense Dividend: Value Preservation and Growth Protection Imperative.” I want to help executives (starting with myself) broaden their knowledge of the subject and integrate it in their leadership strategy—from day-to-day operations to preparation for the future—by highlighting three critical topic areas:
- The necessity of a thoughtful criminal risk assessment, including a review of 17 major criminal risks
- The importance of responding to risks with an efficient criminal risk management plan, including a review of major countermeasures
- finally the strengthen of resilience with a well-planned preparation for response and recovery.
The primary responsibility of every leader is to secure the future of their organization. The very survival of their organization depends on the ability of management not only to cope with criminal attacks but to anticipate the impact those attacks will have on their company. I know that learning about criminal risk has helped me become a better business leader across the board, and I hope my work can help you, too. It is time to be prepared.
Read the Defense Dividend