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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.
Asked on the following book summary:
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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