Thomas Stewart: April 12, 2018

Natural Disasters and Cyber Attacks Can Cause Businesses Severe Harm, But Strategic Disruptions Pose the Greatest Threat   

New Research Released from the National Center for the Middle Market Reveals the Importance of Having a Strong Risk and Resilience Plan in Place

Thomas Stewart

Executive Director of the National Center for the Middle Market

 

 

Hurricanes and wildfires wreaked havoc on the operations of many U.S. middle market companies this past fall. But new research shows that far more threatening and difficult to weather are strategic disruptions which could include immigration and trade policies now being decided in the nation’s capital.

The National Center for the Middle Market’s (NCMM) new special report, Risk & Resilience in the Middle Market finds that strategic disruptions such as industry consolidation, changing regulations, new technology, trade agreements and macroeconomic trends are the most prevalent, costly and difficult for companies to recover from. They are also the risks that businesses are least prepared to handle.

Did you know?

  • While 23 percent of companies polled had not recovered fully from an operational disruption experienced within the past 24 months, that number rose to 60 percent for middle market businesses that endured a strategic disruption and 14 percent had not recovered at all.
  • One in four middle market companies believe that strategic risk is the most damaging and takes the longest to recover from.
  • Strategic disruptions take the greatest toll on a company’s finances, costing, on average, 14.2 percent of its annual revenue.
  • The effects of a strategic disruption are far more lasting than other business risks.

On Thursday, April 12th, Executive Director of the National Center for the Middle Market, Thomas Stewart is available to you and your listeners to explain how to evaluate, improve and monitor their risk preparedness and give tips on how to prepare for an inevitable business disruption by having a strong risk and resilience plan in place.

For more information please visit www.middlemarketcenter.org

 

 

MORE ABOUT THOMAS STEWART:

Thomas A. Stewart is the Executive Director of the National Center for the Middle Market, the leading source for knowledge, leadership and research on midsized companies, based at the Fisher College of Business at The Ohio State University. Stewart is an influential thought leader on global management issues and ideas: an internationally recognized editor and publisher, authority on intellectual capital and knowledge management, and a best-selling author.

The former Editor and Managing Director of The Harvard Business Review, Stewart is a summa cum laude graduate of Harvard College and holds an honorary Doctor of Science degree from Cass Business School, City University London.

 

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