Today we stand at the precipice of not one but three converging and potentially catastrophic long-term trends: climate change, globalization, and growing inequality. On their own, each of these makes the occasional crisis worse: We might see a more destructive hurricane, a more widespread financial meltdown, or longer or more violent civil unrest. Together, though, these trends magnify challenges. The Covid-19 pandemic, for example, was not just a health crisis but an economic and political one as well.
Key Messages
Climate change, globalization, and rising inequality are converging into crises that compound and magnify one another.
The Covid-19 pandemic was simultaneously a health, economic, and political crisis, showing how modern crises rarely stay confined to one domain.
Surviving this environment requires a crisis playbook built for compounding, multi-domain shocks rather than isolated emergencies.
Research Topics
crisis managementuncertaintybusiness strategy
Citation
Jason Miklian, John E. Katsos. "A New Crisis Playbook for an Uncertain World." Harvard Business Review, 2021.
@article{miklian2021_a_new_crisis_playbook_for_an_u,
title = {A New Crisis Playbook for an Uncertain World},
author = {Miklian, Jason and Katsos, John},
journal = {Harvard Business Review},
year = {2021},
url = {https://hbr.org/2021/11/a-new-crisis-playbook-for-an-uncertain-world}
}