The Black Swan Problem

<p><b>An incisive framework for companies seeking to increase their resilience</b></p> <p>In <i>The Black Swan Problem: Risk Management Strategies for a World of Wild Uncertainty, </i>renowned risk and finance expert H&aring;kan Jankensg&aring;rd 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 &ldquo;black swan&rdquo; risks, highly unlikely but devastating events: insurance, buffering, and flexibility:</p> <p>The author also presents:</p> <ul> <li>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</li> <li>Extending the usual academic focus on individual biases to analyze Swans from an organizational perspective and prime organizations to proactive rather than reactive action</li> <li>Practical applications and tactics to mitigate Black Swan risks and protect corporate strategies against catastrophic losses and the collateral damage that they cause</li> <li>Strategies and tools for turning Black Swan events into opportunities, reflecting the fact that resilience can be used for strategic advantage</li> </ul> <p>An expert blueprint for companies seeking to anticipate, mitigate, and process tail risks, <i>The Black Swan Problem</i> is a must-read for students and practitioners of risk management, executives, founders, managers, and other business leaders.</p>