Tag Archive

The Black Swan

Published on March 17, 2011 By Steven Weiss

The Black Swan is a highly improbable event with three principle characteristics: it is unpredictable; it carries a massive impact; and after the fact, we concoct an explanation that appears less random and more predictable than it was. Japan is living through the aftermath of a Black Swan.  Black Swans change the way you look at the world [...]

Response to: “Applying Global Trends: A Look At China’s Auto Industry” in McKinsey Quarterly

Published on July 27, 2010 By Steven Weiss

McKinsey Quarterly accepted the following Steven Weiss comment to this article: https://www.mckinseyquarterly.com/Applying_global_trends_A_look_at_Chinas_auto_industry_2643 Assumption-based planning would also be an important tool in monitoring the progress of each scenario. It would provide an additional discipline to think through the problem and the remedies. Furthermore, what Mr. Weiss couldn’t include in the comment are the following observations: By [...]