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 Risk Management

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.