Risk versus vulnerability: Difference between revisions

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(Created page with "{{a|devil|}}Accidents ''will'' happen. Four strategies for coping: three focus on the accident, one focuses on your organisation. *'''Dealing with accidents''': :*Respond to a...")
 
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:*Limit damage accidents can cause
:*Limit damage accidents can cause
:*Minimise chance that accidents happen
:*Minimise chance that accidents happen
*'''Dealing with your organisation''': Assuming accidents ''will'' happen, reduce vulnerability to them. Vulnerability comes in the form of unusual concentration:
*'''Dealing with your organisation''': Assuming accidents ''will'' happen, reduce vulnerability to them. Vulnerability comes in the form of unusual [[concentrations]]:
:*Concentration of energy
:*Concentration of energy — in a financial services firm, call this financial risk, or profit-and-loss generators
:*Concentration of population
:*Concentration of population — different models of [[distributed network]]. Compare “hub and spoke” models like airports (fragile — take out a hub and large parts of the system are inoperable) with “multiple-node” networks like the internet (robust — take out a node and everything can flow a different way).
:*Concentration of political/economic power
:*Concentration of political/economic power— increases the vulnerability to harm from [[executive failure]].