- Silicon Valley Bank, BBC, and JPMorgan Chase all suffered unexpected crises.
- Leadership groups often become locked into a shared myth and ignore doubters.
- Organizations need to keep their possible risks under regular review.
- Leaders must encourage doubters to speak up and consider all possible downsides.
- Joint evaluation of different policies can reveal flaws in the preferred strategy.
From SVB to the BBC: why did no one see the crisis coming?
Leadership groups often become locked into a shared myth and ignore doubters, risking unexpected crises. Organizations need to encourage doubt and risk review.