Press release -

The Boston Bombings And the Waco Disaster Should Have Been Prevented

Better CCTV monitoring and the usage of sniffer dogs close to the finish line among other measures could have identified the bombs in Boston.  This would have saved both lives and property. The Waco disaster could have been prevented even more easily with appropriate risk management strategies and risk audits.  Companies, governments and event organizers all need to take a greater responsibility when it comes to risk management asserts Peter Karlsson from consulting firm Profits And People.

The biggest problem is to get these types of organizations to allocate enough funds towards risk management.  As we have seen recently, being stingy in these areas can be extremely expensive with loss of both human lives and property and not to mention the massive reputational damage. The total costs relating to what happened in Boston and Waco are enormous and totally inexcusable.

When organizations are faced with disasters like these, the first reaction is typically to start the political blaming game and this often hinders the process of improving the future situation.  Dealing with the political situation can be a total nightmare for the risk managers.

Prevention is always better than trying to come up with a cure in the aftermath, when it comes to risk management.  There were some very obvious risks that should have been identified and mitigated in the Boston bombings as well as in the Waco disaster according to Peter Karlsson.  A similar level of complacency when it comes to risk management can also be seen in the rest of the world and not just in the US.  People simply believe that this will never happen to them in their own country or in their hometown.   

Contact:

pkarlsson@profitsandpeople.com.au

Web: http://www.profitsandpeople.com


Topics

  • Crime, Law, Legal affairs

Categories

  • reputational damage
  • political blaming
  • disasters
  • budgeting
  • profits and people
  • peter karlsson
  • cctv monitoring
  • risk management
  • event organizers
  • governments
  • companies
  • risk management strategies
  • waco disaster
  • boston bombings

Profits And People is a boutique Business Growth and Market Expansion Consulting firm supporting organisations to increase their growth and profitability in Australia and Asia.  Profits And People also provides cost effective Risk Management solutions for increased peace of mind. We are based in Sydney and have 23 years experience in the Asian pacific region working across several different industries from IT and Manufacturing / Retail to Medtech / Pharma and Healthcare. Profits And People work with large Multinational Organisations as well as SMEs. We support organisations through their entire lifecycle providing dynamic and innovative consulting solutions in a world that is constantly changing. Profits And People help organisations taking advantage of global changes rather than being a victim of them through a strong understanding of People, Culture Process and Systems.

Contacts

Peter Karlsson

Press contact Managing Director Corporate Governance | Business Growth | Risk Management | Market Expansion +61 (0) 2-9999 6284

Related media

  • The Boston Bombings And the Waco Disaster Should Have Been Prevented
  • License: Media Use
    The content may be downloaded by journalists, bloggers, columnists, creators of public opinion, etc. It can be used and shared in different media channels to convey, narrate, and comment on your press releases, posts, or information, provided that the content is unmodified. The author or creator shall be attributed to the extent and in the manner required by good practice (this means, for example, that photographers should be attributed).
  • File format: .docx
Download

Related content

Companies Need Better Risk Management And Due Diligence Strategies In Order To Succeed in Australia & Asia

The Asian Pacific region has a much stronger economy then most of the world. In spite of this there are concerns about an increase in insolvency risk in 2012. Whether companies operating in the region are new or well established, they need better Risk Management and due diligence strategies in order to succeed.

How To Capitalize On The Rapid Growth Of The Middle Class In The Asia Pacific

The Asian Pacific region has a rapidly growing middle class. Companies successfully targeting this middle class growth have experienced tremendous growth in revenue in the past 10 years. Vehicle sales in the region have grown by 13% annually and are expected to do so for the next 10 years. Other types of companies and industries can experience the same growth with the right strategies.

Increasing Foreign Company Profits In The Asia Pacific

Although the Asia Pacific has performed much better than the rest of the world since the GFC, foreign companies are still struggling to get decent profit margins. The answer is to analyze your competitors much more closely and to take a more long-term strategic view. Otherwise foreign Companies will not be able to compete successfully in the region according to Peter Karlsson.

How To Capitalize On Patient Centered Health Care In Asia & Australia

The Asian Pacific region has a rapidly aging population. Pharmaceutical, and other Healthtech companies are currently taking advantage of this. Governments in the region concerned about the burgeoning cost of healthcare are trying to increase the public contributions. The future for patient centered healthcare in Asia Pacific can be positive but understanding the bigger picture is essential.