Of Black Swans and Taking Showers

Those pesky “Black Swans” – extremely low probability events with a large impact have been burned into the lexicon of just about every MBA.  With “Black Swan awareness” in mind, executives are counseled to be on the prowl for unlikely events that could potentially wipe out their headquarters, disrupt supply chains, bankrupt the company, or even lead to employee deaths. And while Black Swans are definitely reasons to seek safer ground, it’s inevitable the biggest risk is right under your nose!(more…)