Some nice McK articles on thinking coming out of the credit bubble deflating.
- There are power curves popping up across sectors and event types. We don’t really understand these kind of curves (lots of low impact / intensity events with the occasional shocker), how to predict them or how to work with them effectively. Hindsight allows us to say: “that was a black swan”, but could we tell we were in one while it was happening?
- Companies need to have more flexible approaches to strategy based on an attempt to spot structural shifts effectively (”Rumelt: I think if you have a clear vision of the future ten years hence, you