Junior staff can be trained to identify relevant issues by educating them about the significant undercurrents relevant to your business. This includes understanding the top economic, technological, and social trends that could impact the business. They should also be trained on the FOES Framework to identify potential risks. This framework includes Financial Risk, Operational Risk, External Risk, and Systemic Risk. Additionally, organizational mechanisms should be put in place to ensure that any warnings or issues identified by the junior staff are heeded.
How do you prepare your business for black swan events like pandemics or financial crises? Rogue Wav...
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