We have all enjoyed a good laugh at the Government's expense over their loss of computers and personal records. Yet I wonder how savvy we are when it comes to protecting sensitive information regarding our work.
Everyday on the commuter train you can hear detailed conversations of business contracts, disciplinary procedures and named individuals. Less obtrusive, but potentially even more damaging are those who work at their laptops on company documents with people standing or sitting next to them and well able to view what they are working on.
The same relaxed attitude is true of guests in restaurants and people talking or working on flights. I have seen documents across an aircraft aisle relating to a company which I was very familiar with, being worked on by a Japanese executive, which led me to believe that he was running his slide rule over them with a view to taking them over. A former Chairman of mine bragged of overhearing a conversation in a restaurant which led him to bid for the work under discussion and obtain it.
"Careless talk costs lives "was a watchphrase of World War2. We don't face such dire consequences but perhaps we need to revive it to read " Careless talk costs jobs" - starting with our own.
Showing posts with label contracts. Show all posts
Showing posts with label contracts. Show all posts
Thursday, 31 July 2008
Tuesday, 8 July 2008
Floods, supply chains and cash flow
Floods are a particular problem for supply chain management. When all roads out are rendered impassable there is little comfort in having your factory on the top of a hill; staff can't make it to work, supplies can't be delivered or products shipped.
The impact is on the cash flow of the business. With no shipments there are no invoices and, if customers are also affected by floods then there may well be cancellations or contracts voided because of force majeure.
Bob O'Connor of A.M.Best spotlights the issue in his interview at the AIRMIC Conference with Dan Trueman of Kiln who are working to create insurance products to cover the revenue that the supply chain generates and respond to non-damage business interruptions. This is relevant to small companies as well as large, the sort our Business Continuity Management Online Course is designed to help. For more on that see http://www.riskrisk.com/
The impact is on the cash flow of the business. With no shipments there are no invoices and, if customers are also affected by floods then there may well be cancellations or contracts voided because of force majeure.
Bob O'Connor of A.M.Best spotlights the issue in his interview at the AIRMIC Conference with Dan Trueman of Kiln who are working to create insurance products to cover the revenue that the supply chain generates and respond to non-damage business interruptions. This is relevant to small companies as well as large, the sort our Business Continuity Management Online Course is designed to help. For more on that see http://www.riskrisk.com/
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