The Risktory Podcast

Coming up on this week’s episode, a story of resilience and reinvention, courtesy of IBM. In 1984, IBM was the King of the Computing world. Where other competitors, such as Apple, constructed and built each hardware component, and wrote every line of software for their computers, IBM innovated a competitive advantage where they would buy hardware components, assemble said components, and ship its computers with Microsoft Windows pre-loaded. What IBM did was innovative, clever…. and it catapulted them to the top of the IT food chain.

Unfortunately for IBM, their advantage was not to last. Once competitors – such as Dell - figured out what IBM were doing, they not only copied IBM’s business model. They did it better and, very rapidly, eroded IBM’s market dominance. In 1993, IBM posted what was then corporate America’s biggest ever loss of $8 billion dollars.

What did IBM do? It reinvented. Just as it had done before, but this time with a focus on building an operating model that would be truly resilient. On this week’s episode, I’ll explore the reinvention of IBM. And I’ll identify what IBM did to skirt around threat and chase opportunity to build for itself a resilient operating model that has – so far - stood the test of time.

The Risktory Podcast is created, written and produced by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light Blue
Alan Spiljak – Empty Days
Alan Spiljak – Stars Above
Alan Spiljak – Not the End
Alan Spiljak - Sun

Bibliography
https://money.howstuffworks.com/10-companies-reinvented-themselves1.htm
https://www.npr.org/2011/06/16/137203529/ibm-turns-100-the-company-that-reinvented-itself
https://www.gobankingrates.com/making-money/business/favorite-brands-reinvented-themselves-made-big-money/#4
https://en.wikipedia.org/wiki/History_of_IBM
https://qz.com/26018/it-companies-could-learn-how-ibm-turned-around-in-the-nineties/
https://wittysparks.com/successfully-reinvented-companies/
https://www.nytimes.com/1981/02/15/business/us-vsibm.html

Coming up on this week’s episode, it’s time for a listener request. Long time listener, Joseph, has asked me to look at the Great Train Robbery of August 8 1963. Robberies and heists are great learning opportunities for risk practitioners. Not because I want you all to go out and steal, don’t get me wrong. They are great learning opportunities because they exemplify the balance needed in good risk management: the balance between defending against threat but also chasing opportunity.

In this week’s episode, I’ll explore how fifteen men stole an astronomical 2.6 million pounds from a Royal Mail train travelling from Glasgow in Scotland to London, England. And how they all very nearly, got away with it.

Just as an interesting historical aside. The son of gang member, Bruce Reynolds, Nick, would go on to become a musician, forming a band, Alabama 3, who penned the song ‘Woke Up This Morning’. A song that would become the opening theme song of long running drama, The Sopranos.

The Risktory Podcast is created, written and produced by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light Blue
Alan Spiljak – Empty Days
Alan Spiljak – Stars Above
Alan Spiljak – Not the End
Alan Spiljak - Sun

Bibliography
https://en.wikipedia.org/wiki/Great_Train_Robbery_(1963)
https://www.btp.police.uk/about_us/our_history/crime_history/the_great_train_robbery,_1963.asp
https://www.britannica.com/event/Great-Train-Robbery
https://www.smithsonianmag.com/history/big-mystery-behind-great-train-robbery-may-finally-been-solved-180952054/
https://www.crimeandinvestigation.co.uk/crime-files/great-train-robbery/timeline

Coming up on this week’s double episode, I am going to explore the emergence of punk. If any of you have listened to the September Risktorian of the Month episode, my guest Emily Westmore, talked about how punk was, quote ‘beyond definition’ end quote, which allowed for it to be a disruptive and, with the influence of Malcolm McLaren, become an all conquering force in a world of music that had become stale and predictable.

On this week’s double episode, I’ll explore the genesis of punk, the roots of its creation, and how the vision held by disruptor Malcolm McLaren molded a movement beyond definition into something truly special.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light Blue
Alan Spiljak – Empty Days
Alan Spiljak – Stars Above
Alan Spiljak – Not the End
Alan Spiljak - Sun

Bibliography
https://www.telegraph.co.uk/culture/3668263/Malcolm-McLaren-Punk-it-made-my-day.html
https://www.huffpost.com/entry/malcolm-mclaren-godfather_n_531595
https://www.liveabout.com/timeline-of-punk-music-history-2803347
http://www.smearmagazine.com/posts/2016/9/6/a-history-of-punk
https://en.wikipedia.org/wiki/Malcolm_McLaren
https://en.wikipedia.org/wiki/Punk_subculture
https://en.wikipedia.org/wiki/MC5
https://sites.google.com/site/underappreciatedrockvocalists/home/the-pantheon/under-appreciated-items-3/jason-ankeny
https://en.wikipedia.org/wiki/New_York_Dolls
https://www.theguardian.com/music/2013/apr/17/rocks-backpages-ramones-new-york-1975
https://www.sexpistolsofficial.com/bio/sex-pistols-timeline/
https://en.wikipedia.org/wiki/Sex_(boutique)

Coming up on this week’s double episode, I am going to explore the emergence of punk. If any of you have listened to the September Risktorian of the Month episode, my guest Emily Westmore, talked about how punk was, quote ‘beyond definition’ end quote, which allowed for it to be a disruptive and, with the influence of Malcolm McLaren, become an all conquering force in a world of music that had become stale and predictable.

On this week’s double episode, I’ll explore the genesis of punk, the roots of its creation, and how the vision held by disruptor Malcolm McLaren molded a movement beyond definition into something truly special.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light Blue
Alan Spiljak – Empty Days
Alan Spiljak – Stars Above
Alan Spiljak – Not the End
Alan Spiljak - Sun

Bibliography
https://www.telegraph.co.uk/culture/3668263/Malcolm-McLaren-Punk-it-made-my-day.html
https://www.huffpost.com/entry/malcolm-mclaren-godfather_n_531595
https://www.liveabout.com/timeline-of-punk-music-history-2803347
http://www.smearmagazine.com/posts/2016/9/6/a-history-of-punk
https://en.wikipedia.org/wiki/Malcolm_McLaren
https://en.wikipedia.org/wiki/Punk_subculture
https://en.wikipedia.org/wiki/MC5
https://sites.google.com/site/underappreciatedrockvocalists/home/the-pantheon/under-appreciated-items-3/jason-ankeny
https://en.wikipedia.org/wiki/New_York_Dolls
https://www.theguardian.com/music/2013/apr/17/rocks-backpages-ramones-new-york-1975
https://www.sexpistolsofficial.com/bio/sex-pistols-timeline/
https://en.wikipedia.org/wiki/Sex_(boutique)

Coming up on this week’s episode, I will be exploring the 1972 Munich Massacre. On September 5 1972, during the 1972 Summer Olympics in Munich, West Germany, Palestinian militants, took eleven Israeli Olympic team members hostage, sparking off a crisis that ended in the death of all Israelis, 5 militants, and one German police officer.

The Munich Massacre was an archetypal Black Swan in that: a) it was a surprise; b) it was a catastrophic event and c) in hindsight, it was entirely preventable. On this week’s episode, I’ll take you through the timeline of events, the mistakes made, and the lessons learned from the Munich Massacre.

The Risktory Podcast is created, written and produced by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light Blue
Alan Spiljak – Empty Days
Alan Spiljak – Stars Above
Alan Spiljak – Not the End
Alan Spiljak – Sun
Alan Spiljak – Fantasy in My Mind


Bibliography
https://www.britannica.com/event/Munich-Massacre
https://www.nytimes.com/2015/12/02/sports/long-hidden-details-reveal-cruelty-of-1972-munich-attackers.html
https://honestreporting.com/munich-massacre-1972-slaughter-israeli-athletes-german-soil/
https://www.thoughtco.com/munich-massacre-1779628
https://en.wikipedia.org/wiki/Munich_massacre
https://www.jewishvirtuallibrary.org/background-and-overview-munich-olympic-massacer
https://www.youtube.com/watch?v=w9HArGWgsm4

Coming up on this week’s episode, I will be looking at the birth of Amazon, the internet juggernaut that redefined how we – as consumers – purchase in 2019. The origin story of Amazon is one of perpetual forward motion: through a mix of both incremental improvement and strategic leaps of faith. It’s truly incredible.

In this week’s episode, I’ll explore how it all began in 1994, when Jeff Bezos, Amazon’s founder, ignited his ‘regret minimization framework’ and how he never, once, looked back.

The Risktory Podcast is created, written and produced by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light Blue
Alan Spiljak – Empty Days
Alan Spiljak – Stars Above
Alan Spiljak – Not the End
Alan Spiljak – Sun
Alan Spiljak – Fantasy in My Mind

Bibliography
https://en.wikipedia.org/wiki/Jeff_Bezos
https://www.biography.com/business-figure/jeff-bezos
https://www.fundable.com/learn/startup-stories/amazon
https://www.businessinsider.com/jeff-bezos-amazon-history-facts-2017-4
https://www.cnbc.com/2017/10/27/how-amazon-founder-jeff-bezos-went-from-the-son-of-a-teen-mom-to-the-worlds-richest-person.html
https://mashable.com/2011/07/22/facts-amazon-com/
https://medium.com/@alyjuma/the-regret-minimization-framework-how-jeff-bezos-made-decisions-4d5a86deaf24

Coming up today, it’s the September Risktorian of the month. One of the most common requests I have had, since starting the podcast, is to explore how every one of us can utilize risk in our day to day life.
This month’s Risktorian – Emily Westmore - is someone who has changed industries, roles and functions multiple times over their career. She has taken leaps of faith, even when the future was utterly and completely uncertain. Emily is articulate, intelligent and one of the funniest people I’ve ever met… and a person who – perhaps unknowingly – is a risk management expert.
The Risktory Podcast is created, written and produced by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade

Coming up on this week’s episode, I am going to look at the collapse of Ansett Airlines, an airline that was, at the time of its collapse in September 2001, Australia’s second largest carrier. 16,000 employees out of work and, on the day of the collapse itself, 47,000 passengers stranded across the country.

The collapse of Ansett is what happens when external and internal threats collide in a perfect storm, setting off a maelstrom of events that forced a fundamental restructure of Australia’s aviation industry.

The Risktory Podcast is created, written and produced by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade
Alan Spiljak – Light Blue
Alan Spiljak – Flying Away
Alan Spiljak – Time
Alan Spiljak – Fantasy In My Mind
Alan Spiljak – Not The End
Alan Spiljak – Sun

Bibliography
https://simpleflying.com/ansett-australia-history/
https://www.flightglobal.com/news/articles/after-ansett-161150/
https://en.wikipedia.org/wiki/Ansett_Australia
https://www.tandfonline.com/doi/abs/10.1080/13683500208667912?journalCode=rcit20
https://www.english-online.at/geography/australia/people-of-australia.htm
https://www.bitre.gov.au/publications/1995/files/is_006.pdf

Coming up on this week’s episode, something a little different. We know that necessity is the mother of invention. If that’s true – and I think it is – risk is the vehicle and driver that makes invention possible.

This week, I’ll explore inventions – from ancient modern to our modern times in 2019 – that amplify the role of risk management in human evolution. This is a super fun look at the amazing propensity of humans to evolve when faced with the unknown.

The Risktory Podcast is created, written and produced by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light Blue
Alan Spiljak – Empty Days
Alan Spiljak – Stars Above
Alan Spiljak – Not the End
Alan Spiljak - Sun

Bibliography
https://interestingengineering.com/19-great-inventions-that-revolutionized-history
https://bigthink.com/paul-ratner/top-20-greatest-inventions-of-all-time
https://www.theatlantic.com/magazine/archive/2013/11/innovations-list/309536/
https://www.acsh.org/news/2016/07/23/how-and-when-did-humans-discover-fire
https://www.scienceabc.com/innovation/how-was-the-wheel-invented.html
https://www.historyofvaccines.org/timeline/all
https://www.thoughtco.com/history-of-waterwheel-4077881
https://www.livescience.com/57797-refrigerator-history.html
http://www.glasseshistory.com/glasses-history/history-of-corrective-lenses/
http://www.historyofglass.com/
https://www.livescience.com/43424-who-invented-the-light-bulb.html
https://www.popularmechanics.com/technology/gadgets/a19567/how-the-microwave-was-invented-by-accident/
https://www.livescience.com/37538-who-invented-the-car.html
https://www.livescience.com/57231-who-invented-the-traffic-light.html
https://en.wikipedia.org/wiki/Pedestrian_crossing
http://theconversation.com/a-short-history-of-anaesthesia-from-unspeakable-agony-to-unlocking-consciousness-74748
https://www.esurance.com/info/car/the-history-of-street-signs

Coming up this week, a double episode looking at the eccentric, charismatic and opportunistic figure that was…. Grigori Rasputin. Born a peasant in the Siberian wilderness, Rasputin expertly grasped opportunity to become one of, if not the, most powerful man in Russia.

In this double episode, I’ll explore Rasputin’s life, how he rose to power and prominence by being in the right place at the right time, and how his life was cut short by those who feared that the master opportunist had gone one step too far and burned one bridge too many.

Part 1 will be released on Monday September 9. Part 2 will be released on Thursday September 12.

The Risktory Podcast is created, written and produced by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Podington Bear - Elephants on Parade
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light Blue
Alan Spiljak – Empty Days
Alan Spiljak – Stars Above
Alan Spiljak – Not the End
Alan Spiljak - Sun

Bibliography
https://www.biography.com/political-figure/rasputin
https://historycooperative.org/mad-monk-grigori-rasputin-story/
https://time.com/4606775/5-myths-rasputin/
https://www.totallytimelines.com/grigory-rasputin-1869-1916/
https://culturacolectiva.com/history/rasputin-khlysty-unorthodox-russian-religious-sect
https://allthatsinteresting.com/rasputin-history
https://ersjdamoo.wordpress.com/2014/09/13/iliodor-rasputin-and-world-war-i/
Former People: The Final Days of the Russian Aristocracy – Douglas Smith