Question
The insights from the book "Rogue Waves" can be applied to prepare for black swan events in today's business environment by identifying potential Financial, Operational, External, and Strategic (FOES) events that could impact your organization. By understanding these undercurrents, you can assess their potential impact over different time frames (3, 6, 12, and 24 months). The book also suggests keeping an eye out for triggers that could indicate a black swan event is imminent. This proactive approach allows businesses to prepare for and potentially profit from these systemic threats.
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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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