Recommended read for all leadership and management today. The fallout of risk and risk fear in today’s executives.
Excerpt: Executives, spooked by devastating “black swan events” during the financial crisis, are increasingly examining these kinds of what-if scenarios to stress test risks in a potential strategy or to refine contingency planning.
One such exercise, the premortem, aims to do just what the name implies: identify potentially devastating problems to improve a product, project or strategy before deployment, or just to be better prepared to face the unknown – rather than getting caught unaware in the face of a real-life implosion.
Read full article via The premortem: Death before life. From CGMA