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THE MEGACRISIS UNKNOWN TERRITORY - In Search of Conceptual and Strategic Breakthroughs

Author

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  • Patrick Lagadec

    (X-DEP-ECO - Département d'Économie de l'École Polytechnique - X - École polytechnique - IP Paris - Institut Polytechnique de Paris)

Abstract

The nature of major crises has dramatically evolved over the past fewyears: Megcrises become the name of the game. The goal of this contribution is to capture the evolving notion of crisis, and to prepare new references to deal with the new crisis landscapes. The first section aims at building a renewed understanding of the emerging challenges we face – a combination of rogue events made of severity, speed, ignorance, hypercomplexity, inconceivability, and liquefaction-prone contexts that no longer guarantee the "back to normalcy" comforting rule. The second develops the components of a strategic response which includes: a seminal paradigm shift; a switch from management to leadership, and from "Command and Control" to decisive empowerment; and a whole new approach in education and training.

Suggested Citation

  • Patrick Lagadec, 2009. "THE MEGACRISIS UNKNOWN TERRITORY - In Search of Conceptual and Strategic Breakthroughs," Working Papers hal-00404076, HAL.
    • Handle: RePEc:hal:wpaper:hal-00404076
    Note: View the original document on HAL open archive server: https://hal.science/hal-00404076
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    Cited by:

    1. Rebecca Dalli Gonzi & Simon Grima & Murat Kizilkaya & Jonathan Spiteri, 2019. "The Dali Model in Risk-Management Practice: The Case of Financial Services Firms," JRFM, MDPI, vol. 12(4), pages 1-15, November.

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