Turnarounds are tough. Weighted with expectations, hopes, and worries. And fighting gravity to stop decline can feel harder than fighting gravity to…
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While it’s important and compelling to discuss macro risks in broad strokes, implementing risk reduction is the job of individual companies, agencies…
It can feel tempting to refer to “climate debt,” since we’ve dug our present hole over time, the payback has come due, and it will keep coming due for…
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This article might be long. And I’ll try not to get too jargon-y, but there might be moments. Sorry in advance. I want to talk about insurance…
“Study whatever you want,” my parents told me. To them, the most important factor was the prestige of the college I attended, not the future value of my…
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Path dependence is a powerful force in life. John Sterman’s excellent book Business Dynamics defines path dependence as, “a pattern of behavior in which…
The doctrine of “shareholders come first” has taken a beating in recent years—and rightly so! For decades, this mantra held sway as conventional wisdom…
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Two related concepts, anchoring and recency bias, can trick your brain into making poor risk management decisions. Wikipedia describes recency bias as…
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Maybe you’d rather not. Hard same, friend. But that’s how we got into our current escalating-crisis situation: ostriching about uncomfortable things…
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I studied information security for my master’s degree. For two years, I took courses in economics, decision making under uncertainty, security…
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Sometimes risk mitigation works. It doesn’t feel that way because when risk mitigation works, nothing happens. But not all risks lead to catastrophe, as…
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In system dynamics, causal loop diagrams are a way to: Identify system components and set model boundaries; Identify positive and negative relationships…