The "Rogue Waves" book by Jonathan Brill has significantly influenced corporate strategies and business models in dealing with systemic threats. It has introduced the concept of preparing for black swan events like pandemics or financial crises, and turning them into outsized opportunities. The book emphasizes on identifying Financial, Operational, External, and Strategic (FOES) events that could impact an organization and understanding the undercurrents driving these risks. It also suggests assessing the impact of these issues over different time frames and identifying triggers to watch out for. This approach has helped businesses to be more proactive and resilient in the face of systemic threats.

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Rogue Waves

How do you prepare your business for black swan events like pandemics or financial crises? Rogue Waves by Jonathan Brill explores how to prepare for a...

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For both dashboards, the first column lists FOES, Financial, Operational, External and Strategic events that could impact your organization. The second column identifies undercurrents that would drive these FOES risks. The remaining columns assess the impact of these issues over 3,6,12, and 24 months. The bottom of the dashboard has triggers to watch out for.

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The lessons from "Rogue Waves" can be applied in today's business environment by using the FOES (Financial, Operational, External, and Strategic) model to identify potential threats. This involves listing potential events that could impact your organization, identifying undercurrents that would drive these risks, and assessing the impact of these issues over different time frames (3, 6, 12, and 24 months). It's also important to watch out for triggers that could indicate a potential threat is becoming more likely.

The scenario running and experimentation ideas from "Rogue Waves" can be implemented in real-world business scenarios by identifying potential Financial, Operational, External, and Strategic (FOES) events that could impact your organization. These events can be listed in a dashboard along with the undercurrents that could drive these risks. The impact of these issues can then be assessed over different time frames such as 3, 6, 12, and 24 months. Triggers to watch out for can be identified at the bottom of the dashboard. This approach allows businesses to prepare for and potentially profit from systemic threats by turning them into outsized opportunities.

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