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Decision-making deficiencies.

72% of companies surveyed in a CGMA report have had at least one strategic initiative fail in the past three years because of delays in the decision-making process.

42% have lost competitive advantage to more agile competitors because of slow decision-making.

29% say organizational silos and bureaucracy create coordination problems and hamper more effective decision-making.

65% of the workforce said levels of trust between business leaders and employees needed improvement, with 70% calling for more active collaboration between the two groups.

Source: CGMA, Joining the Dots: Decision Making for a New Era

$17,000 Ransom paid (in the form of 40 bitcoins) to hackers by Hollywood Presbyterian Medical Center after a ransom-ware attack locked down the hospital's computer systems and encrypted its data. "The quickest and most efficient way to restore our systems and administrative functions was to pay the ransom and obtain the decryption key," Allen Stefanek, the hospital's president and CEO, said in a statement. "In the best interest of restoring normal operations, we did this."

65% of the 8,726 floods that have occurred in the coastal United States since 1950 are the result of man-made climate change, according to a report by Climate Central. The findings are based on data published in Proceedings of the National Academy of Sciences that showed that sea levels rose more than five inches in the 20th century--the largest increase in the almost three millennia worth of data studied.

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Title Annotation:Hindsight
Publication:Risk Management
Article Type:Survey
Geographic Code:1USA
Date:Apr 1, 2016
Words:238
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