Immediacy or necessity has a way of sneaking up on us and getting our attention.
This principle is true across the board.
Executive Summary“Nothing stays static over a number of years. Companies change internally, and so does the external operating environment,” writes Carol Williams, a risk management and strategy consultant for P/C insurers, reminding carriers not to wait to be backed into a corner before they update their ERM programs.Nobody rushes to the front of the line to get a colonoscopy or root canal, but when circumstances force us, we’ll take action, albeit grudgingly.