Thursday, July 1, 2010

Are You BP Ready ?

Stuff happens.

It's only a matter of time and to what degree.

Can your company withstand a BP type accident? Or maybe a Tylenol scare? Or a Bohpal toxic gas leak? Or maybe a helicopter crash which sent the Trump empire reeling? Or a financial crisis which wiped out AIG? Or even a personal scandal?

Okay, maybe your company has been diligent and has run a set of disaster scenarios and have prepared responses. But what about the unknown crisis ?

In planning meetings for the 2002 Winter Olympics, we were told by the Atlanta Summer Olympic staff to prepare for the unknown accident. Their "unknown" was the Metro derailing and shutting down the prime transportation link - who guessed that would happen ?

When a crisis hits, you will not have time to select a team and then have them take over your conference room, study your company, and build business models to assess your response scenarios. You need to already have all of that in place and running. You will need results in hours and all done discretely - after all, predicted outcomes or even the recommended approach might be an even bigger political disaster if leaked to the press, or maybe worse, your biggest competitor.

At Tiger Nassau, we cannot prevent your firm from having a crisis, but we do help you handle a crises by having intelligent systems in place, running 24x7. A midnight phone call will have you prepared for a morning press conference.

We believe in the old Boy Scout motto: "Be Prepared".

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