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2016 The Year in Crisis
Article

2016 The Year in Crisis

Rising Risk and More to Come

The Economist Intelligence Unit
EIU, 2017
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Editorial Rating

7

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  • Analytical
  • Overview
  • For Beginners

Recommendation

According to an Economist Intelligence Unit poll, global executives rank 2016 as a year in which corporate crises reached extraordinarily threat-provoking levels. Respondents say that the pace and impact of risks have intensified; in fact, two-thirds agree that “the world became a riskier place for business in 2016.” getAbstract recommends this illuminating article to executives and board members responsible for crisis and risk management.

Summary

A late-2016 survey of 537 global crisis-management executives revealed a gloomy assessment of that year. A full 73% of respondents acknowledged dealing with one or more major incidents that had potential reputational impacts on their companies, while 72% believed the disruptions could have negatively affected their firms’ financial standing. And interviews with senior managers reveal that this sense of greater corporate risk is an overarching phenomenon, cutting across industries such as technology, health care, financial services, energy and real estate.

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The Economist Intelligence Unit is an independent research and analysis organization.

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