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Today’s interconnected, global economy is characterized by turbulence. Markets are volatile, supply chains are increasingly vulnerable, and disruptions can substantially affect shareholder value. Major disasters, be they natural or caused by humans, can occur unexpectedly. Even minor incidents such as a local power failure can cause significant financial losses. Emerging pressures such as climate change and urbanization will only intensify the potential for extreme events and business interruptions. At the same time, these shifting conditions are opening up new market opportunities.
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P. Drucker, Managing in Turbulent Times, HarperCollins, New York, 2008.
J. Fiksel, “Sustainability and Resilience: Toward a Systems Approach,” Sustainability: Science, Practice, and Policy 2, no. 2 (2006): 14–21.
A. Yu. Creating the Digital Future. Free Press, 1998, p. 93.
T. Kuczinski and K. Irwin, Severe Weather in North America, Munich Re, 2012.
N. N. Taleb, The Black Swan: The Impact of the Highly Improbable, Random House, New York, 2010.
J. Fiksel, Design for Environment: A Guide to Sustainable Product Development, 2nd ed., McGraw-Hill, 2009.
Global Footprint Network, April 12, 2013, http://www.footprintnetwork.org/en/index.php
G. Hamel and L. Valikangas, “The Quest for Resilience,” Harvard Business Review, September 2003.
R. Starr, J. Newfrock, and M. Delurey, “Enterprise Resilience: Managing Risk in the Networked Economy,” strategy + business 30 (Spring 2002).
J. Fiksel, “Sustainability and Resilience: Toward a Systems Approach,” IEEE Management Review 35, no. 3 (2007): 5–15.
P. Evans, “Resilient, Sustainable Infrastructure: Shifting Strategic Landscape,” presentation at the Future of Energy, Bloomberg New Energy Finance Summit, New York, April 23, 2013.
J. A. Nickerson and T. R. Zenger, “Being Efficiently Fickle: A Dynamic Theory of Organizational Choice,” Organization Science, September/October 2002: 547–566.
- Embracing Change
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