What is Risk Management?
The term is self-explanatory:
Risk management is nothing more than the process by which you measure risk
and develop strategies to deal with it. There are different aspects
to risk management. For example, anticipating, planning for, and
mitigating physical risks and harms are the elements of traditional risk
management with which most people are familiar. Risk management also
has a legal application.
White-Collar Crime
Allegations
Lorandos and Associates and
BDG
Federal prosecutors can exert
tremendous pressure at every level of your organization, and this pressure
can negatively affect your most precious asset—your human capital.
It is in incident mitigation that the collaboration between Lorandos and
Associates and
BDG is most visibly realized.
A white-collar crime
investigation and/or prosecution is most definitely a crisis. It is
in this context that we at Lorandos and Associates work most closely with
BDG.
One of our major goals in a
legal crisis is the retention of trained personnel. Oftentimes, a
white-collar crime investigation within your organization can make
hard-to-replace people extremely uncomfortable, even though they haven’t
been targeted in any way. This level of discomfort can become so
difficult that they start looking for what they perceive as more secure
pastures. In such a situation, the white-collar legal expertise of
Lorandos and Associates and the human management skills of
BDG combine to
reassure your personnel and help them understand the steps they should
take to ensure their security and yours.
Fear and intimidation are a
federal prosecutor’s most effective tools in the pre-indictment phase of a
white-collar criminal investigation. The combined efforts of
Lorandos and Associates and
BDG can contain the temporary police state
that federal prosecutors will attempt to establish within your
company. What Lyndon B. Johnson said about J. Edgar Hoover applies
equally well to a business whose employees have been accused of a
white-collar offense: “It’s better to have him inside the tent
pissing out, than outside the tent pissing in.” Application of
proactive legal strategies on behalf of your business and the affected
parties, combined with sensible personnel management strategies, can
stymie even the most aggressive headhunting expedition.
Our proactive approach at
Lorandos and Associates involves marshalling the necessary people and data
for the preparation of an effective defense. The sooner you take action in
a possible white-collar criminal investigation, the easier it will be to
put out the fire.
Our
Alliance with Business Development Group
Lorandos and Associates is
proud to have forged an alliance with one of the leaders in the risk
management field. Business Development Group (BDG) is an
organization dedicated not merely to helping your company survive, but
also to helping your company thrive.
BDG has helped such
prestigious organizations as the Daimler Chrysler Corporation, the Detroit
Pistons, the Multiple Sclerosis Society, the Detroit Metropolitan Airport,
and the Virginia State Police, just to name a few.
BDG’s expertise covers a wide
range of areas:
• Crisis
Management
•
Competitive Intelligence
•
Organizational Transformation
• Rapid
Change Management |
•
Leadership Development
• Merger
& Acquisition Integration
•
Knowledge Management
•
Team-Based Work Systems |
Another term for crisis
management is incident mitigation. This involves minimizing chaos
and confusion in times of crisis. BDG does this very well.
BDG breaks its incident
mitigation approach down into a five-part process:
1. People Readiness—the
alignment of people, processes, tools and the development of a capacity to
react.
2. Paper
Readiness—strategic training for asset protection of human, physical,
intellectual, and financial capital.
3. Facility
Readiness—evaluation and planning for fundamental security
measures.
4. Validation—measuring
the readiness of an organization.
5. Recovery—learning to
thrive under changed circumstances.
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