Gray Rhino Vs. Black Swan Events: Prepare and Adapt to High-Risk Crises
Depending on Industry, it’s arguable if COVID-19 is truly a “black swan” event—something that was unpredictable with profound consequences on the global economy; or, does the incident better align with the coined term “gray rhino” – a threat on markets that was predictable yet ignored until too late. Either or, the proposition remains the same—detailed contingency plans must be put in place now to get you through this crisis, or to proactively ensure your organization will remain unscathed when faced with the next catastrophic event.
Higher Ed: Pivoting for COVID-19While the social and economic impacts of the growing coronavirus outbreak have dominated the news cycle, the larger implications for higher education have largely gone unnoticed. With the WHO recently declaring the coronavirus a global pandemic, colleges and universities across the country have been forced to grapple with the long-term consequences of declining international enrollment, suspended study abroad or foreign exchange student programs, and an overhaul of distance educational technology. Though the trajectory of the current outbreak is impossible to predict, institutions should make responsible financial planning a priority in the event of revenue loss.
The Truth about Business IntelligenceMaximizing revenue using Business Intelligence (BI) software was one of the main objectives of organizations around the world in 2019. A wide variety of vendors market their BI software as the holy grail of operational efficiency, boasting guaranteed ROI for any business who fully utilizes their software. However, all business intelligence offerings are missing a crucial component that many successful businesses are capitalizing on. Read more to see the truth about business intelligence.
Visualizing New Tuition Revenue Options Against Marketable InitiativesWofford College, a small, private, independent institution located in South Carolina, explores new tuition revenue options while weighing the marketability of various programs and initiatives.