Why did Nobody Prepare for the Current Crisis?

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Why did Nobody Prepare for the Current Crisis?

The article above explains that it's important to prepare contingency plans in advance, before an actual crisis occurs.
Isn't it remarkable that neither governments, nor financial regulators, nor financial instituations seem to have created any contingency plan for the current global crisis?
Surely they all should have seen it coming...


No crisis preparation

Nobody had prepared for this crisis because nobody new what the CEO's have been doing. They where swimming naked until the tide went low that is when the secrets were disclosed. *BBC

  Leon Breedt

Reasons for Lack of Preparation in Crisis Management

Well people don't prepare for crises because they don't take it serious, and they have the attitude that it won't happen to them. It can not be expressed enough on how important it is to be prepared for any Crisis at all.


It's human nature

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  Madhav Bhetuwal

Man can't think seriously about crisis

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  Prof. Thomas Keel, MBA

Crisis in the economy

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  Ahmed Mehdi

Crunch Solution

It's a game played from huge transaction mark-ups (...)

  Wael Monakel

You can't prepare for this crisis

Such in Finance, there is something called BTL and (...)

  Connie Sue

Remain grounded in our Faith

The challenge is to be aware of the crisis yet rem (...)

  Khumbo Shaba

Crisis management is like insurance

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  Fonchi Denis

No world without crisis

In as much as man continues to live in this world, (...)

  Christopher Bean

Crisis Management

It is too easy to say that no one was prepared - s (...)

  Dave Saunders

What we have to do now is Recover

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The Dumbbell Strategy

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  Randi Erentzen

Poisened Challice?

This is not a "reaction". Semantics or not, mine i (...)


Wake up America

If you are in any religion it speaks about this ha (...)


Move On

Don't ask why just do and move on! If you allow yo (...)

  Ramesh Bandhoa

Crisis is Man Made

We human beings are responsible for the crisis. Ma (...)

  Beverley Taylor
Professor, United States

Culpability for Crises? LEAN and Overshot Efficiency

Companies focus on Lean, efficiencies, and elimina (...)

  Michael Norris
Director, United States

Reason for Not Preparing for Crises? Human Nature

Preparation is not easy and human nature is to tak (...)

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