Tag: Crisis Management
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Failure of Imagination
Failure of imagination describes the inability to foresee major risks or opportunities due to cognitive blind spots and conventional thinking, as highlighted by the 9/11 Commission. It applies to events like Pearl Harbor and the 2008 crisis, spanning security, business, and social contexts. Mitigation involves scenario planning, diverse perspectives, and historical learning.
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Institutional Courage
Institutional courage, as developed by Jennifer Freyd, is an approach where organizations address their own failings to maintain ethical standards and integrity. This concept includes recognizing past mistakes, enhancing transparency, and reinforcing accountability, key factors in rebuilding trust and fostering responsible leadership in institutions.
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Institutional Betrayal
Institutional betrayal occurs when institutions, expected to be protective and supportive, instead cause harm or breach trust. This concept, prevalent in diverse organizational settings, highlights the critical role of power dynamics and the importance of institutional accountability and ethical practices.
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Risk Management
Risk management is a systematic process for identifying and addressing potential risks and opportunities in various contexts, including organizations and projects. It combines quantitative and qualitative analysis to minimize negative impacts and maximize positive outcomes, adapting to evolving global trends and technological developments.
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Antifragility
Nassim Nicholas Taleb’s antifragility describes systems that gain from stress, differentiating from mere resilience. This principle, applicable from biological to economic systems, underscores growth and adaptation amidst volatility and unpredictability.
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Overreach
Overreach signifies actions pushed past prudent limits, often culminating in adverse effects across political, economic, and strategic realms, necessitating recalibration to mitigate risks and restore balance.
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Safetyism
Stemming from Western societies in the late 20th century, Safetyism emphasizes the priority given to physical and emotional safety. Its reach extends from educational methodologies to policy frameworks, reflecting a societal shift towards heightened protection.
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Gerontocracy
In gerontocracy, governance is allocated to older individuals, predicated on the belief that age correlates with wisdom and stability. This authority structure is present in various domains, including political, social, and corporate settings, and traces its origins to ancient civilizations.