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Description
They originate as systemic risk events before becoming your current nightmare scenario. These external events impact your firm and your customers but are completely out of your control. Most firms weren't ready for COVID-19, thinking the risk of a pandemic too remote to consider in their planning — but by failing to prepare, these firms were not prepared to succeed.
Key takeaways:
- Systemic risk has real impacts.
- You must consider eight systemic risks in your strategic planning.
- You can't hide from systemic risks, but you can mitigate them.
Target audience level: beginner
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