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Comparing military and civilian critical thinking and information processes in operational risk management: What are the lessons?

Author

Listed:
  • VanVactor, Jerry D.

    (Texas, USA)

  • Gill, Tony

    (Managing Director, Gill Advisors)

Abstract

Business continuity has expanded into a discipline that spans most functional areas of large enterprises. Both the military and financial sectors have consistently demonstrated an aptitude to expand the boundaries of continuity planning and crisis mitigation. A comparison of both enterprises is provided to see how their respective methodologies compare. Interestingly, the similarities far outweigh the differences. The paper provides commentary related to comparative insight from risk practitioners’ perspectives from within the US Army, one of the largest military organisations in the world, and the Bank of Montreal, one of Canada’s leading financial institutions.

Suggested Citation

  • VanVactor, Jerry D. & Gill, Tony, 2010. "Comparing military and civilian critical thinking and information processes in operational risk management: What are the lessons?," Journal of Business Continuity & Emergency Planning, Henry Stewart Publications, vol. 4(2), pages 97-112, February.
    • Handle: RePEc:aza:jbcep0:y:2010:v:4:i:2:p:97-112
    as

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    More about this item

    Keywords

    decision making; leadership; military; banking; continuity planning;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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