Systems, Sense and Sensibility

The current global economic slowdown related to the COVID-19 outbreak illustrates a timely, albeit extreme, example of what can happen when the commercial and financial sectors, and society at large, are not prepared for unforeseen volatility resulting from global and local business disruption. It is important to note that while the pandemic in this case seems to have served as the catalyst, there are numerous factors which were supporting this house of cards in the months and years preceding the event. Therefore, instead of taking the commonly held approach of attempting to predict (and subsequently take credit for predicting) the event itself, we are better served by analyzing the contextual factors which may have led to the market/ecosystems reversal, trying to develop a better understanding of the interconnectedness among the parts of the system.

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