An incisive framework for companies seeking to increase their
resilience
In The Black Swan Problem: Risk Management Strategies for a World of
Wild Uncertainty, renowned risk and finance expert Håkan Jankensgård
delivers an extraordinary and startling discussion of how firms should
navigate a world of uncertainty and unexpected events. It examines three
fundamental, high-level strategies for creating resilience in the face
of "black swan" risks, highly unlikely but devastating events:
insurance, buffering, and flexibility:
The author also presents:
- Detailed case studies, stories, and examples of major firms that
failed to anticipate Black Swan Problems and, as a result, were either
wiped out or experienced a major strategy disruption
- Extending the usual academic focus on individual biases to analyze
Swans from an organizational perspective and prime organizations to
proactive rather than reactive action
- Practical applications and tactics to mitigate Black Swan risks and
protect corporate strategies against catastrophic losses and the
collateral damage that they cause
- Strategies and tools for turning Black Swan events into opportunities,
reflecting the fact that resilience can be used for strategic
advantage
An expert blueprint for companies seeking to anticipate, mitigate, and
process tail risks, The Black Swan Problem is a must-read for students
and practitioners of risk management, executives, founders, managers,
and other business leaders.
