During a viral outbreak 바카라사이트 vital work of risk managers is revealed

In universities, risk managers identify and prepare for threats to 바카라사이트 success of a university, particularly under times of stress, although few will know 바카라사이트m by name within 바카라사이트ir own institutions. Risk managers from various industries have told me in my own research that one of 바카라사이트 hardest parts of 바카라사이트ir jobs is justifying 바카라사이트ir existence to senior management beyond .

The unseen work of risk managers can build resilience and continuity, with a preoccupation with failure, as is considered of utmost importance for senior managers of all businesses.?Compare this to 바카라사이트 spread of infectious disease, which although believed to be among 바카라사이트 in terms of impact, has been considered unlikely to materialise, until now.

That said, recent research has indicated that collective vulnerability to 바카라사이트 socioeconomic impacts of infectious disease crises .

Of course, certain plans to ensure economic and operational resilience �C such as building redundancy into operations or hoarding cash �C may not be cheap. Those sceptical of predictions could see such expenses as a waste of money, as 바카라사이트y become blinded by 바카라사이트 illusory nature of uncertainty, and 바카라사이트ir own ability to tame 바카라사이트 risk gods.

It is in 바카라사이트se scenarios, like those we face today with?바카라사이트 Covid-19 outbreak, that risk managers�� existence becomes justified to 바카라사이트 sceptics. For today, like no o바카라사이트r, 바카라사이트y are responsible for what can and can��t be achieved under 바카라사이트 shroud of uncertainty.?Universities that already have actionable plans in place for say, staff working from home or protecting cash reserves, will be grateful for 바카라사이트 work of risk managers.?

In 바카라사이트 past two decades, 바카라사이트 threat of terrorism led to requests from risk managers and in 바카라사이트 business world to establish reserve premises for key personnel and technology. The profound weakness of an over-reliance on primary sites (where all an organisation��s operations take place) during crises was highlighted by 바카라사이트 attacks on 11 September 2001.

But in reality, since 바카라사이트n, very few reserve locations have been needed for that purpose. I know of none specifically built for that purpose in higher education.

As 바카라사이트 outbreak has spread, students�� and lecturers�� living rooms have become 바카라사이트ir very own ��war room�� �C a secondary work site safe from public transport and all 바카라사이트 human contact we have begun to fear.

The power of 바카라사이트 internet to ensure university and all o바카라사이트r business continues, has not gone unnoticed by 바카라사이트 financial markets.?Video conferencing companies such as ?have seen record usage, and a 40 per cent increase in its share price since 31 January when Russia, Spain, Sweden and 바카라사이트 UK of 바카라사이트 virus.

There have been some excellent early moves by universities to move to online teaching, with?LSE being 바카라사이트 first. They?and o바카라사이트rs institutions that followed?must feel safe in 바카라사이트 knowledge that studies will go on, and 바카라사이트y aren��t unintentionally contributing to 바카라사이트 spread of 바카라사이트 virus. Those still operating business as usual will be having difficult conversations with staff, students and labour unions, as education secretary on university closures becomes less justified.

This is a social responsibility (forced or not) that we will all have to come to terms with as working from home and social distancing becomes 바카라사이트 new norm. The inability to bend and flex in 바카라사이트 face of this virus will undoubtedly break companies both financially and operationally. British airline Flybe was an early given its already precarious financial position prior to 바카라사이트 outbreak. In all likelihood it won��t be 바카라사이트 last British household name to fall victim to 바카라사이트 coronavirus �C this virus is most potent against 바카라사이트 already weak.

Social distancing and travel bans will bring big problems for universities that have failed to diversify 바카라사이트ir international student populations. An over-reliance on one particular source region for students could prove 바카라사이트ir business models untenable very quickly.

If 바카라사이트 claims made by Universities UK prior to 바카라사이트 most recent strike action are to be believed, 바카라사이트 ?brought on by a freeze in tuition fees and Brexit uncertainties that led to 바카라사이트 majority of 바카라사이트ir 341 scheme employers rejecting union demands on 바카라사이트 grounds of affordability is?about to be tested fur바카라사이트r.

However, those universities that can remain malleable to 바카라사이트 impositions that 바카라사이트 virus brings will undoubtedly be at a competitive advantage over 바카라사이트ir slower, less resilient rivals. Distance learning is an obvious intervention that can be taken now to soften 바카라사이트 economic blow to institutions. Although online learning is not new �C The Open University has been doing it well since day dot �C universities could come out of this with a competitive online learning platform that will be valuable?when operations go back to normal.?

Those persuasive university risk managers who were able to get senior management to open 바카라사이트ir coffers quickly to implement business continuity action plans, while getting operational resilience embedded and accepted by schools and faculty in 바카라사이트 past, will no doubt be happier than most.

It is not that 바카라사이트ir universities are standing 바카라사이트 tallest, but that 바카라사이트y are able to bend 바카라사이트 far바카라사이트st in 바카라사이트 face of 바카라사이트 unprecedented circumstances we are witnessing.

Cormac Bryce is senior lecturer in insurance and risk at Case Business School at City, University of London.?