Just when it looked like the only things we have to worry about are hurricanes, floods, droughts, inflation, recessions, pandemics, and nuclear war, along comes a mysterious gene-editing technology called CRISPR. Of course you know all about CRISPR, technology which Bill Gates and the WEF are promoting and funding. No? Well then, read on.
Major impact events coming? Certain. Nature, magnitude, and timing? Mostly unforeseeable. These just happen, whether by fate, predestination, or a random dice-thrower. All you know for sure is that some big things are coming along. The best you can do in this case is to identify your points of greatest vulnerability and to figure out how to minimize the impact effects.
Risk management does not reliably make your business or organization resilient. It aims at reducing the likelihood of and damage from foreseeable and probable risks. Resilience is very different. Resilience assumes that damaging impacts, foreseen and unforeseeable, will occur regardless of our risk minimization efforts. It aims at ensuring that the organization can survive almost anything that comes along, regardless of likelihood, and that it will ultimately succeed and prosper. Very different management objectives.
At long last things are getting back to normal. Masks mostly gone. Distancing mostly gone. Occupancy limits mostly gone. Huge numbers vaccinated. We are back on the road to serious economic recovery, yes? Well, such hope is nice but reality is rarely nice. What if reality is still in charge? How vulnerable is your business to the next black swan or even lesser hits? How much might not knowing cost you?
Biggest threats to businesses today are not those that are likely or identifiable but instead those that are unknown and/or highly unlikely. However, the available points of impact on your business are both evident and certain. Big question: which of your points of impact are most vulnerable to such events or situations, whatever they may turn out to be?
Fragility is a measure of how much stress it takes to break or greatly damage something. A system may be highly stress-resistant when it encounters some kinds of stress but easily broken by other kinds of stress. Businesses as systems have a latent fragility that can lead to failure during times of great stress – like today.
