Philosophical phriday - strategic risk management (LONG)
Recently I enjoyed a lecture by a bank's economist to local business leaders concerning the NZ economy. Observing the blizzard of graphs, I was struck by his short timeline , stretching to about a couple of years ahead. Now I'm sure the economist is earning his crust at the bank. Of course they need to keep on top of day-to-day and month-to-month fluctuations in the economic parameters, playing the markets. Equally, I'm sure the bank has other experts with a longer-term outlook, diligently modelling the implications of national and global issues including political, social, environmental and technological, for many years or decades ahead - for at least as long as the bank's mortgages and business loan periods anyway. Nevertheless, that prompted me to think about planning horizons in information risk and security management, within the broader context of budgeting and investment management in any commercial organisation - a pertinent topic as we plummet towards the new c