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 trends that turn isolated shocks into compounding crises.
The Covid-19 pandemic illustrated how one event becomes a health, economic, and political crisis at once.
Research Topics
crisis managementbusiness strategyresilience
Citation
Jason Miklian, John E. Katsos, Erik Berge. "A New Crisis Playbook - Special Issue Supplement." Harvard Business Review, 2022.
@article{miklian2022_a_new_crisis_playbook___specia,
title = {A New Crisis Playbook - Special Issue Supplement},
author = {Miklian, Jason and Katsos, John and Berge, Erik},
journal = {Harvard Business Review},
year = {2022},
url = {https://hbr.org/2021/11/a-new-crisis-playbook-for-an-uncertain-world}
}