Be Prepared for Every Eventuality

My latest favorite German word: Bargeldnotversorgung. It means “emergency supplying of cash.” The careful Germans are preparing for the worst-case scenario of widespread blackouts. Part of their plan is to make sure that everybody has an adequate supply of little colored pieces of paper, also known as “cash.”

Meanwhile, in Denmark, authorities, and shops are merrily careening towards a cashless society that will collapse as soon as the power goes out.

There are many things that can go wrong, and a well-run organization is prepared for all of them. In cases of risk management, be like Germany, not like Denmark

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