Black swan problem : risk management strategies for a world of wild uncertainty

Table of Contents: 1. The Swans 2. Corporate 3. The Black Swan Problem 4. Greeting the Swan 5. Taming the Swan 6. Catching the Swan 7. Riding the Swan

In this book, the author 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 this book 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, this book is a must-read for students and practitioners of risk management, executives, founders, managers, and other business leaders.