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There are several other frameworks that can be used to prepare for and profit from systemic threats. These include the PESTEL Analysis, which considers Political, Economic, Social, Technological, Environmental, and Legal factors. The SWOT Analysis is another tool that identifies Strengths, Weaknesses, Opportunities, and Threats. Scenario Planning is another method that involves creating detailed narratives about the future to predict changes. Lastly, the Balanced Scorecard provides a more comprehensive view by looking at an organization from four perspectives: financial, customer, internal process, and learning and growth.
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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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The first step is the Reality Test, used to deeply understand your present state. The Organize Your Forces step helps you model the forces that keep your current system stable. Step three is to Generate Your Futures through simulations to identify potential opportunities and threats. Step four is Uncouple Opportunities from Threats to identify where and how to intervene. The fifth step is Experiment, where you build an experiments portfolio to maximize your odds of success
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