One would expect that leaders and experts would become humbler about predicting the future. But … [+] Shutterstock 2023 could once again be a testing time for management teams. Unexpected and extreme developments are spilling over from 2022. The volatility of energy prices, supply chains, interest rates, health uncertainties, heightening East-West tensions and the war in Europe are already plaguing the prognostics of the most confident decision makers. In mid-January, the fraught nature of the markets convinced the consulting behemoth McKinsey & Company to turn the oft-cited quote by late F1 champion Ayrton Senna on its head: “You cannot overtake 15 cars in sunny weather,” Senna once said, “but you can when it’s raining.” That was over 30 years ago, and the deluge of seachanges in the geopolitical and macroeconomic worlds has convinced McKinsey that this might not be the time to overtake: “We’re living in a world where new shocks have been layered onto earlier shocks that in turn were layered onto, and dramatically accelerated, longstanding trends such as digitization and sustainability.” However, the need to foresee the future, and the limited ability to predict unexpected and extreme challenges is hardly a new phenomenon. The study of uncertainty […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
