Complexity, Risk & Resilience – (Part 1)

Several years ago a colleague asked me a simple question: “Think about how your work might help business leaders to better understand their environment.” I took a couple of days and sent him a brief letter and paper. (I haven’t written anything on Prologue for almost 4 years. Maybe this will break the dry spell.…

Competition, Complexity & Risk

“Due to the systemic nature of emerging risk, and the severe potential impact of such events, companies with slight advantages in detecting and managing emerging risks can obtain significant competitive opportunities.” Accenture, 2011. Accenture is actually talking about Brian Arthur’s Law of Increasing Return[1] (although it is doubtful they are aware of this) where a tiny advantage…