Improbable circumstances strategic framework

TL;DRAbstract

In all affairs it's a healthy thing now and then to hang a question mark on the things you have long taken for granted." -Bertrand RussellThe research documents the development of a conceptual framework, the improbable circumstances strategic (ICS) framework, which guides organisations in the preparation for improbable circumstances.Four fields include: strategic management, innovation, systems thinking and complexity theories (black swans).The black swan principle was introduced with its applicability to the 2008 economic crisis.The black swan is an event which is retrospective in its predictability, highly improbable and carries extreme impact.There are various principles to cope with black swans which will now play a role in strategic management.Strategic management is studied from a systems thinking perspective which is a school of thought that strategy is a process which an organisation should follow from analysis, synthesis, implementation through to the operation phase.Some tool

Chat with Paper

AI Agents for this Paper