Resilience is considered the new growth strategy in an increasingly volatile world because it allows organizations to survive and recover from unexpected systemic shocks. As the world becomes more connected and moves faster, large external events like wars, financial crises, and natural disasters have become more common, affecting large companies every seven years on average. Resilient organizations have more redundancies than what is typically acceptable, but this is necessary for survival in today's volatile world. Just like a casino where the house always wins because it controls the flow of information, a business can also win by placing systemic controls.
How do you prepare your business for black swan events like pandemics or financial crises? Rogue Wav...
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