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Business management disciplines have formalized new approaches to maintaining operational continuity in the face of disruptions, whether they affect a single enterprise or threaten an entire industry sector, city, or region.Within this context, the concept of “global risk management” signals a recognition that some potential crises can be addressed only through engagement across the boundaries of individual firms or industrial sectors, and across the divides between governments and the private sector.
Effective action in response to crisis situations such as these requires art as well as science.This interconnectedness is made possible in part by crisis management and increases our reliance upon it. is the Director of the Center for Catastrophe Preparedness and Response (CCPR) at New York University (NYU) where he also serves as the assistant vice president for Health Initiatives. in civil engineering from Auburn University and a Master's degree in urban planning from New York University's Wagner School of Public Service.Additionally, in response to the recent major storm events that have effected New York State, Mr. Agency for International Development (USAID) and the World Bank. He is also the co-editor of the is the Richman Family Director of Business Ethics and Social Impact Programming and clinical assistant professor of management and organizations at New York University (NYU) Stern School of Business.His research has been published in journals such as is a Paul F.Lazarsfeld doctoral fellow in the Department of Sociology at Columbia University, where his research interests focus on the organizational perception and management of catastrophic risk.In 2011, the Organisation for Economic Co-operation and Development (OECD) released its report, addressing the risk of extreme events that produce continent spanning disruptions.
The authors note that, especially in the wake of the 2008 financial crisis, risk management has come to focus on “drivers of vulnerability that tightly weave interconnections between commercial supply chains, technological systems and investment vehicles underlying the global economy,” and that “unanticipated events such as natural disasters, failures in key technical systems or malicious attacks could disrupt these complex systems and produce shocks that propagate around the world.” Furthermore, the report argues that “knowledge management tools, modeling and data arrays” are making it easier to anticipate and respond to these new cascading risks.He has served as a research associate for New York University's Center for Catastrophe Preparedness and Response, and worked as a journalist, with articles appearing in Whenever systems break down unexpectedly, crises can arise.If the initial breakdown is not managed effectively, crises can spread over space and time to threaten not only the effective function but also the existence of the system itself.In order to describe and understand why some systems—and indeed, some people—appear more resilient to unexpected events than others, scholars draw on a range of academic disciplines.Computer scientists are developing ever more robust network architecture and backup systems.Simultaneously, the world has experienced a number of devastating natural disasters: Hurricane Katrina, the Japanese earthquake and tsunami, etc.