A STRATEGIC FRAMEWORK FOR IMPROBABLE CIRCUMSTANCES

Authors

DOI:

https://doi.org/10.7166/26-2-977

Keywords:

Black Swans, Strategy, Strategic Management, Innovation

Abstract

Rare events, known as ‘Black Swans’, have determined the course of history. One of these was the global economic crisis of 2008. Such events highlight fields like strategic management and their shortcomings in helping to prepare organisations. The Strategic Framework for Improbable Circumstances was designed to add to the strategic management process by improving organisational preparation for these rare events. The framework was validated through interviews with experts who showed the need for such a framework, and who confirmed that it is a good first step for organisations to take towards addressing these Black Swan events.

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Published

2015-08-03

How to Cite

Kennon, D., & Schutte, C. S. L. (2015). A STRATEGIC FRAMEWORK FOR IMPROBABLE CIRCUMSTANCES. The South African Journal of Industrial Engineering, 26(2), 68–84. https://doi.org/10.7166/26-2-977

Issue

Vol. 26 No. 2 (2015)

Section

General Articles

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