Competing on the Ability to Come Back from Disaster
Paul Michelman marched out the grim statistics in a 2005 article in the Harvard Business Review's Supply Chain Strategy Newsletter. Every four to five years, a majority of companies will face a crisis. Of those companies that do, almost 75% will close or suffer a significant long-term impact. Of the 43% that never fully recover, just 29% will be in business two years later. A 10-day disruption translates into a survival rate south of 10%.
Fortunately, the field of ecology offers a way for business leaders to think about and start to manage their vulnerabilities. Download the White Paper.