Vojenské Rozhledy

Czech Military Review

Vojenské rozhledy / Czech Military Review Nr. 2/2024, Vol. XXXIII. (LXV.): 85-96

Threats and Hazards of Grey Rhino ParadigmReviewed - Research

Olga Burianová Author profile1, Jiří F. Urbánek Author profile2
1 University of Finance and Administration in Prague
2 University of Finance and Administration in Prague

Grey Rhino is a metaphor for security threat, which is unkept irrational for large extent also high probability of harmful effect on a subject of risk owner. Business continuity management system is assessed in a diagram as controlling instrument aimed at operational hazard mitigation of continuity disturbance of affected subject. A ´from Operations´ Value Added - O´VA is established as qualitative dynamic information about productivity of activities. The measures are designed in crisis scenario for quality improvement of subject´s crisis readiness. An indicator of business risk continuity slip is defined. In a connection with war conflict on Ukraine is assessed if it is Grey Rhino manifestation.

Keywords: Controlling; Grey Rhino Paradigm Threats; Crisis Scenario; Business Continuity Management; ´from Operations' Value Added; Risk Mitigation.

Published: June 15, 2024  Show citation

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Burianová, O., & Urbánek, J.F. (2024). Threats and Hazards of Grey Rhino Paradigm. Czech Military Review, 105(2), 85-96
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