What do political parties have in common with charities? Both are voted out by their initial supporters when they fail in their impact. Impact can be diluted when they become less relevant to their supporter’s needs. But also, when it’s clear they are helping progressively fewer supporters over time, even if many needs per supporterContinue Reading Political Parties and Charities
Since the future is volatile, uncertain, complex and ambiguous (VUCA), as is the arrival of assorted black swan events, smart organisations build business resilience in the meantime. Building a significant level of financial reserves increases your ability to buy time or play for time, accelerate innovations or isolate threats. Automating key processes and investing inContinue Reading Business Resilience and Black Swans
Risk velocity (like risk mitigation) seems to be too much of a poor relation compared to risk probability and risk magnitude. Risk breadth is another aspect. For a given threat, if there is uncertainty on velocity, then having some broad mitigations like buying time and playing for time is helpful. Stepping out of the lineContinue Reading Risk Attributes
Let’s start with a forecasting assumption – that for a variety of reasons, the AI age will increase the level of business uncertainty for private sector, public sector and charity sector organisations alike. Two big drivers of this uncertainty are likely to be: Wait. What is an interference pattern? Imagine filling a plastic bucket ofContinue Reading Business Flexibility in the AI age