Organizational mechanisms that can be installed to ensure warnings are heeded include creating a culture of open communication where employees feel comfortable raising concerns. Training junior staff to keep a lookout for issues as they are often closest to ground reality. Implementing a system for tracking and responding to warnings, such as a risk management system or a dashboard of indicators. Regularly reviewing and updating these systems to ensure they remain effective.
How do you prepare your business for black swan events like pandemics or financial crises? Rogue Wav...
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