Risk Aversion
Risk Aversion
Davide Gronchi shares an article on risk mitigation that includes his pragmatic method designed to drive out ‘failure-mode and effects analysis’ designed by the U.S. military in the 1940s. Whilst in the middle of an heavy and unexpected crisis, company leaders are requested to keep looking far ahead and shape the future of their company by (re-)designing the strategy and how to implement it. Current times are full of worries and threads, every day are more negative than positive…
Jason George uses the evolution of the aviation industry as a means to explore the cost of risk aversion and how it can stymie growth. Building in every possible contingency as part of a strategy can end up producing something so encrusted with extraneous elements that agility is compromised. Alternatively, it may hew so closely to known and safe paths that it ends up losing the novelty that would make it compelling. If you can’t cut yourself loose from…
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