Anticipating and navigating gradual disruptions
How adept and ready are corporate boards in traversing today’s landscape of subtle industry shifts and invisible changes?
COVID thrust the spotlight on how prepared corporate boards are to confront disruptions and underscored the need for boards to proactively brace for worst-case scenarios, enabling effective disruption management and a swift recovery from initial shocks.
Recognising gradual disruptions
While explosive disruption is in your face and requires urgent attention and actions, gradual disruption is akin to a slow tide; its subtleties often escape immediate notice, requiring a heightened level of vigilance. Understanding the intricate nuances of slow-evolving changes is inherently complex, making detection challenging.
Gradual disruption is evident in the case of the mobile phone versus the desktop. The mobile phone reshaped the technology landscape and its impact was only felt in retrospect over a decade in the early 2000s. As smartphones gained prominence, desktops faced an inevitable decline and companies tethered to traditional computing models were caught off guard.
TRENDING NOW
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce